Business

Business Nike co-founder Knight will step down as chairman Nike co-founder Knight will step down as chairman
Nike Chairman Phil Knight, who turned a business selling shoes out of the back of his car into the world's most valuable sports brand, has announced plans to step down as company chairman.
Business Consumer confidence index climbs to 101.4 in June Consumer confidence index climbs to 101.4 in June
Consumer confidence showed a solid gain in June following a modest increase in May, supporting the view that strong job gains are giving a boost to the overall economy.
Business Boosting overtime: Obama calls for broader coverage Boosting overtime: Obama calls for broader coverage
They're called managers, and they sometimes work grueling schedules at fast food chains and retail stores. But with no overtime eligibility, their pay may be lower per hour than many workers they supervise.
Business Greeks hit by closed banks, warnings from eurozone Greeks hit by closed banks, warnings from eurozone
Anxious pensioners swarmed closed bank branches Monday and long lines snaked outside ATMs as Greeks endured the first day of serious controls on their daily economic lives.
Business Disney merges consumer product, interactive divisions Disney merges consumer product, interactive divisions
Disney is merging its consumer product and interactive divisions, a move that acknowledges the shared goals of important product lines like the Disney Infinity video game franchise and the upcoming line of wearable toys called Playmation.
Business Kohl's, California prosecutors reach nearly $1M settlement Kohl's, California prosecutors reach nearly $1M settlement
Kohl's has reached a nearly $1 million settlement with prosecutors in four California counties who alleged some of the company's department stores charged customers more than the price advertised on shelves and signs.