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Another 787,000 Americans filed first-time claims for jobless benefits last week

Another 787,000 Americans filed first-time claims for jobless benefits during the Christmas week, factoring in seasonal adjustments, the Labor Department reported Thursday. It marked a decrease from the prior week and was slightly better than economists had predicted. Even so, claims were still three-and-a-half times higher than in the same period last year. Overall, unemployment

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Ticketmaster to pay $10 million in fines after admitting to illegally accessing competitor’s computers

Ticketmaster entered into a plea agreement with federal prosecutors in Brooklyn, New York and will pay $10 million in fines to resolve charges that it accessed the computer systems of a competitor without authorization. “Ticketmaster employees repeatedly — and illegally — accessed a competitor’s computers without authorization using stolen passwords to unlawfully collect business intelligence,”

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Sears is dying a quiet, invisible death

Sears has made it through another holiday shopping season. Just barely. Once the nation’s leading retailer up through the 1980s, the company that now owns the Sears and Kmart chains emerged from bankruptcy less than two years ago. It avoided another trip to bankruptcy court this year as the Covid-19 pandemic sent department store chains

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