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The New York-based retailer said it expects 2012 consolidated sales between $7.0 billion and $7.2 billion. The company expects full year losses to total $1.10 and $1.40 per share.

Rick Santorum, fresh from his Iowa Caucus victory, accused President Obama for thinking he's above the law Thursday for making Richard Cordray the head of the Consumer Financial Protection through a recess appointment.

PepsiCo's reported plans to lay off about 4,000 employees, if confirmed, would be only the latest in a round of mass layoffs large American manufacturers have announced or put into effect just 5 days into the new year.

Venerable bookseller Barnes & Noble said it will consider spinning off its thriving Nook business – its thriving e-book unit – while determining its own corporate future.

Switzerland's top central banker is battling for his future as he faces a grilling on Thursday over a controversial currency trade made by his wife three weeks before he oversaw moves to impose a cap on the Swiss franc.

Actress Dakota Fanning appears on the cover of the February issue of Cosmopolitan magazine looking glamorous. But some eyebrows rose when Fanning’s Cosmo cover debuted since the actress is just 17-years-old.

Private-sector hiring surged in December as employers added 325,000 new workers while claims for jobless benefits fell, raising hope that recent labor market improvement would continue in 2012.

Van Halen will play their first performance since 2008 Thursday night, Jan. 5, at Café Wha? in Greenwich Village in New York City.

Pepsi employs about 300,000 workers around the world, including 2,000 in Purchase, New York at company headquarters. The job cuts will involve some employs working in Purchase, according to The New York Post.

The price of oil has been rising due to mounting tensions between Iran and the United States and other western countries. On Wednesday the pressure on Iran continued to ratchet up, as European Union governments agreed on to ban imports of Iranian oil.

The Los Angeles County Museum of Art (LACMA) has unveiled an exclusive exhibition by California-based fashion label, Rodarte, portraying a unique blend of the old and the contemporary.

The Washington Governor Chris Gregoire supports same-sex marriages and wants to legalize it. The 64-year-old democrat announced that she believes in equality and would introduce a bill to legalize same-sex marriages in Washington. It's time, it's the right thing to do, and I will introduce a bill to do it, Gregoire said in a statement posted on her Web site. I say that as a wife, a mother, a student of the law, and above all as a Washingtonian with a lifelong commitment to equa...

New York-based fashion house Liz Claiborne Inc. has announced its decision to change the organization's name to Fifth & Pacific companies, to ensure closer ties on the three in-house lucrative lifestyle brands - kate spade, Juicy Couture and Lucky Brand.

New Jersey's Legislature has briefly delayed a vote on a bill that would legalize online gambling but Gov. Chris Christie said the state should become an epicenter for the business.

Text-messaging has long been a big-time profit generator for U.S. mobile operators, but they now risk losing these profits as consumers find cheaper ways to communicate.

Blackstone Group LP will conclude fundraising for its latest buyout fund in January, raising just over $16 billion, three people familiar with the matter said on Wednesday, in a 4-year process challenged by the global financial crisis.

New York Gov. Andrew Cuomo's plan for a 3.8 million square foot convention center at the Aqueduct Racetrack in Queens, N.Y. was met with approval from one local non-profit planning group, while the local community board said it awaited more details on the project.

Fans wait impatiently as the Beyoncé baby watch continues. The pop singer and her husband, Jay-Z, are expecting their first child any minute now. In Touch magazine reports that Beyoncé Knowles' family has reserved a private luxury birthing suite at St. Luke's Roosevelt Hospital in New York City. The 30-year-old singer has also allegedly had a hairpiece designed for the delivery.

A survey of primary dealers by the New York Fed showed much uncertainty among the 21 large banks that act as counterparties to the Fed's open market transactions.

At its peak, the facility employed 40,000 workers during World War II and remained Wichita’s largest employed for years after the war.

A typo by the Charlotte Observer noted that injured New York Knicks point guard Baron Davis was suffering from a herniated dick instead of his actual herniated disc injury.