Tesla founder Elon Musk is telling his employees to work hard on the last day of the quarter to prove "the naysayers wrong."

J.C. Penney says it will be closing anywhere from 130 to 140 stores as well as two distribution centers over the next several months as it aims to improve profitability in the era of online shopping.

Sears Holdings Corp. is announcing Thursday that it will close 68 Kmart stores and 10 Sears stores as it struggles to restore profitability.

Sbarro says it's filing for Chapter 11 reorganization, marking the struggling pizza chain's second trip through bankruptcy court in less than three years.