Economy

Big Lots could potentially close 315 stores

Up to 315 of discount retailer Big Lots’ locations could be on the chopping block and facing potential closure, a Securities & Exchange Commission filing from Friday indicated.

After a pay boom, raises are shrinking

With hiring now slowing sharply, employers are controlling payroll costs by cutting or freezing bonuses, doling out fewer and smaller merit increases.

CVS cuts outlook, plans $2B cost-cutting effort

CVS said Wednesday that it's launching a multi-year productivity initiative. It also cut its outlook for the year as its health care benefits segment continues to face pressure.

US homebuyers sacrifice safety for affordability

A number of potential homeowners, especially younger generations, are facing a tough choice. Some of them are choosing affordability over their physical safety when looking for a home.