Arby's owner buys Sonic burger chain for $2.3 billion

Arby's owner Inspire Brands is buying the Sonic drive-in hamburger chain. Inspire is paying $43.50 per share cash, or $2.3 billion, for Sonic, which has 3,600 restaurants in the U.S.

Waterbed promoters trying to revive industry

Waterbeds still elicit a wink, wink, nudge, nudge whenever they come up in conversation - but two pioneers of the industry in the United States are hoping to generate a new wave of popularity for the old furniture concept by using a wholesome new pitch.

Michael Kors buys Versace for more than $2B

Michael Kors is buying the Italian fashion house Versace in a deal worth more than $2 billion (1.83 billion euros), continuing its hard charge into the world of high-end fashion.

Disney World changes flexible-pricing with new tool

Ticket prices at Walt Disney World will vary based on the date picked with a new online planning tool debuting next month.

Germany looking to sell costly, rarely used drone to Canada

Germany is looking to sell a secondhand surveillance drone that has cost the country more than 700 million euros ($823 million) to Canada - without many core components it needs to fly.

Walmart warns Trump tariffs may force higher prices: report

The world’s largest retailer has issued a warning to its customers about the impact tariffs will have.

Fashion house takes heat for selling 'poverty' shoes

A shoe company is being accused of 'poverty appropriation' for selling worn-out sneakers that are scuffed and taped together.

What to see and do in Douglaston, Queens [Closer than You Think]

Blowing reeds, rippling water and swans—this peaceful scene looks more like the English countryside than Queens, but residents of Douglaston call this place home. This community in northeastern Queens sits just at the Nassau County border.

New beverage shop lets you take now, pay (text) later

A new store in TriBeCa is redefining grab and go. At The Drug Store on Church Street, you take what you want to drink and text later to pay. It might sound crazy, but Dirty Lemon s getting so much attention for this strange new store that it just might be a stroke of marketing genius.

US stock benchmarks close at record highs

The Dow Jones Industrial Average closed at a record high, beating the mark it set in January.

Wells Fargo to cut 10 percent of workforce over next 3 years

NEW YORK (AP) - Wells Fargo is planning to cut up to 10 percent of its workforce over the next three years, which will result in tens of thousands of job losses for employees of the nation's third-largest bank. Wells Fargo Chief Executive Tim Sloan made the announcement to employees on Thursday. The bank currently employs roughly 265,000 workers, and plans to cut its headcount through both...

Oreo celebrates Mickey Mouse's birthday with new cookie flavor

To celebrate Mickey Mouse's big 90th anniversary, Oreo is releasing a brand new Birthday Cake flavored Oreo cookie. 

Study links Bay Area economic boom to new segregation

UC Berkeley's Urban Displacement Project and the California Housing Partnership released a study about how the concentration of highly paid workers in the central Bay Area are also creating heavy new concentrations of poverty and racial segregation.

Shop makes home-style takeout meals for your family

Just about everyone has asked "What's for dinner?" at some point throughout the day. Long Island sisters Parrie Aanonsen and Irene Thebner have the answer.

Fox-Comcast battle to buy Sky to be settled by auction in UK

LONDON (AP) - Comcast and 21st Century Fox will settle their battle for control of broadcaster Sky through a rare auction designed to put an end to months of offers and counteroffers from the American media empires seeking a foothold in the European pay TV market. The auction will begin after the London stock market's close on Friday and end sometime Saturday evening following a maximum of...

Brooklyn Diocese to pay millions to settle sex abuse claims

NEW YORK (AP) — Four men who said they were sexually abused as boys by a teacher at a Brooklyn Catholic church have reached a $27.5 million settlement from the Diocese of Brooklyn.

Bob Woodward's Trump White House chronicle 'Fear' sells 1.1 million copies in 1st week

Readers haven't been afraid to get a dose of Fear. Journalist Bob Woodward's book about the conflict and controversy inside President Donald Trump's White House has sold more than a million copies, according to the publisher.