US Business

Changes to the H-1B system could benefit some U.S. workers. But economists say losing foreign talent could weaken the overall job market—and shift production overseas.

The department-store operator intends to use the proceeds to pay down debt after last year’s acquisition of Neiman Marcus.

The White House says it expects a deal for the new ownership structure to be signed in the coming days.

The Federal Trade Commission is set to scrutinize Amazon’s cash cow, the Prime subscription service, in a civil trial in Seattle, including tactics the FTC says get consumers to sign up and keep them from canceling.

Katie Keenan, another top female executive at the firm, will succeed Wesley LePatner as the head of Breit.

The co-founders of private-equity firm Ames Watson, which has bought the chain out of bankruptcy, said they will hire more staff and upgrade ear-piercing stations.

Companies have urgently ordered workers back to the U.S. before Sunday. The White House is seeking to calm the situation, noting the fee doesn’t apply to current visa holders.

Amazon and Microsoft remade the Seattle area. Now its economy is feeling the pain of the industry’s pullback.

Clothing recycling is poised to take off, as companies look to solve the industry’s huge waste problem.

Airlines and credit-card companies are taking over terminals with ever-swankier amenities, and loyal customers can’t get enough.