Business

American Eagle to close stores after weak 1Q

PITTSBURGH (AP) American Eagle Outfitters saw earnings tumble 86 percent in the first quarter on huge mark downs intended to generate foot traffic. The teen retailer said that it would close 150 stores over the next three years. Its second-quarter profit outlook was short of Wall Street projections and company shares fell 4 percent at the open of trading Wednesday. The Pittsburgh company is ...


AT&T DirecTV Merger: Whose Interests Are Served?

Antitrust experts say AT&T's bid for DirecTV could reap immediate regulatory rewards, but each deal brings a unique set of potential harms to consumers.


Inflation Sticks Out: The Cohen Column

Last week's reports that consumer prices in the U.S. increased slightly in April were viewed positively.


Coffee Rust Jacks Up Prices for Arabica Beans

The U.S. government is stepping up efforts to help Central American farmers fight the devastating 'coffee rust' fungus and hold down the price of your morning joe.


Home Depot Bucks Downward Trend of Retail Results

Major U.S. stock indexes edged lower in morning trading Tuesday, weighed down by several major retailers that reported disappointing earnings.


AstraZeneca Urged to Rethink Pfizer Deal

AstraZeneca shareholder Schroders advised the pharma firm to reconsider its rejection of drugmaker Pfizer's takeover bid.


Weak results at retailers drag US stocks lower

NEW YORK (AP) Stocks are opening lower after several major retailers reported dismal results. Staples dropped 10 percent after the office supply chain said its earnings plunged in the latest quarter. The company closed down more store locations in a shift toward online sales. Discount retailer TJX fell 5 percent after reporting weak sales. The Dow Jones industrial average fell 46 points, or ...


US stock futures fade on retail funk

NEW YORK (AP) U.S. stock futures are mostly lower on a raft of dismal earnings reports from major retailers. KEEPING SCORE: Less than an hour before the opening bell, Dow Jones industrial average futures are down 16 points to 16,465. Standard & Poor's 500 index futures are down 2.4 points to 1,879.90 and Nasdaq composite futures are down 3 points to 3,614. RETAIL SWOON: Home Depot fell short ...


Staples 1Q profit tumbles as it shutters stores

FRAMINGHAM, Mass. (AP) Staples' first-quarter earnings tumbled 43 percent as the office supply chain closed down store locations in a shift toward online sales. It also took a hit because of the strong dollar and company shares, which have fallen 16 percent this year, tumbled 10 percent before the markets opened Tuesday. In March Staples said that it wanted to close more than 10 percent of ...


Home Depot 1Q results miss expectations

Home Depot's fiscal first-quarter net income climbed 12 percent as a key sales metric improved despite a slow start to the spring selling season due to bad weather.


AT&T Eyes DirecTV's NFL Sunday Ticket

One of the hidden benefits of AT&T's planned purchase of DirecTV is that it could make NFL Sunday Ticket more broadly available on mobile devices.


Sprint Fined $7.5 Million in Do Not Call Case

The FCC says Sprint will pay $7.5 million in the largest Do Not Call settlement to date for making unwanted telemarketing calls and sending texts to consumers.


Southwest Airlines Adds Flights, Perks From Dallas Love

Southwest Airlines is also offering a sale to boost new flights from its Dallas home.


Campbell Soup Goes Cold on Sales Outlook

Campbell Soup's third-quarter net income rose 2 percent as expenses declined and revenue rose slightly, beating analysts expectations but disappointing Wall Street.


Vietnam Riots Benefit U.S. Businesses

Why Vietnam is the ideal "China plus one" country for doing business in East Asia.


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