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US average mortgage rates fall; 30-year at 4.31 percent
News 2 months ago
US average mortgage rates fall; 30-year at 4.31 percent

WASHINGTON (AP) - U. S. long-term mortgage rates fell this week, with the benchmark 30-year home loan reaching its lowest level in more than a year...

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Dollar General 4Q results mixed, fiscal 2019 outlook weak
News 2 months ago
Dollar General 4Q results mixed, fiscal 2019 outlook weak

GOODLETTSVILLE, Tenn. (AP) - Dollar General Corp. posted mixed fourth-quarter results, with profit pressured by an income tax expense while revenue...

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Dick's to halt sales of rifles, ammo at 125 of its stores
News 2 months ago
Dick's to halt sales of rifles, ammo at 125 of its stores

CORAOPOLIS, Pa. (AP) - Dick's Sporting Goods Inc. said on Tuesday that it will stop selling hunting rifles and ammunition at 125 of its stores,...

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Tesla walks back its plan to close most showrooms
News 2 months ago
Tesla walks back its plan to close most showrooms

DETROIT (AP) - Tesla is walking back plans to close most of its showrooms worldwide and announced price hikes for most of its electric vehicles....

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US retail sales up just 0.2 pct. as consumers stay cautious
News 2 months ago
US retail sales up just 0.2 pct. as consumers stay cautious

WASHINGTON (AP) - U. S. retail sales rose slightly in January after a sharp drop in December, reflecting caution taken by consumers amid a...

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Amazon to close all its pop-up shops
News 2 months ago
Amazon to close all its pop-up shops

NEW YORK (AP) - Amazon said Wednesday that it will shut down all its pop-up shops and focus on opening more of its bookstores as it rethinks its...

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Dollar Tree to close up to 390 Family Dollar stores
News 2 months ago
Dollar Tree to close up to 390 Family Dollar stores

NEW YORK (AP) - Dollar Tree is closing up to 390 Family Dollar stores this year and rebranding about 200 others under the Dollar Tree name. The...

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Business Highlights
News 2 months ago
Business Highlights

NEW YORK (AP) - The holiday season turned out to be a mixed bag for retailers. Retailers like Walmart, Target and Best Buy that have been...

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Holiday season defines winners and losers in retail
News 2 months ago
Holiday season defines winners and losers in retail

NEW YORK (AP) - The 2018 holiday season turned out to be a mixed bag for retailers, with some of them defying a gloomy government report in...

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Target hits on all cylinders in the fourth quarter
News 2 months ago
Target hits on all cylinders in the fourth quarter

NEW YORK (AP) - Target's expanded online delivery options, new brands and updated stores helped drive shoppers to spend more during the critical...

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Hit the gym, then shop? Kohl's links up with Planet Fitness
News 2 months ago
Hit the gym, then shop? Kohl's links up with Planet Fitness

NEW YORK (AP) - Some shrunken Kohl's stores are getting a new neighbor: Planet Fitness gyms. Kohl's, which is on a mission to shrink its biggest...

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Office Depot and Alibaba opening online store
News 2 months ago
Office Depot and Alibaba opening online store

NEW YORK (AP) - Office Depot and Alibaba.com are creating a co-branded online store to expand the reach of both companies with small and medium...

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US stocks rise on hopes for a trade deal with China
News 2 months ago
US stocks rise on hopes for a trade deal with China

Stocks rose on Wall Street Friday, placing the market on track to reverse a three-day losing streak amid renewed optimism for a potential...

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Penney closes more stores as sales deteriorate
News 2 months ago
Penney closes more stores as sales deteriorate

NEW YORK (AP) - J. C. Penney is closing more stores after a weak holiday sales season. Net income tumbled nearly 70 percent and revenue slid 8...

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Stocks inch up on conflicting US economic data, Fed remarks
News 2 months ago
Stocks inch up on conflicting US economic data, Fed remarks

Stock indexes were holding on to tiny gains late Tuesday afternoon after a day of listless trading as investors balanced conflicting U. S. economic...

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Macy's announces multiyear restructuring plan
News 2 months ago
Macy's announces multiyear restructuring plan

NEW YORK (AP) - Macy's announced a multiyear money-saving restructuring program that it says will shrink its management structure and make the...

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Walmart flexes in the fourth quarter, beats all expectations
News 3 months ago
Walmart flexes in the fourth quarter, beats all expectations

NEW YORK (AP) - Walmart beat expectations on quarterly profit and revenue, and e-commerce sales surged during the critical holiday period. Shares...

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Payless ShoeSource to shutter all of its remaining US stores
News 3 months ago
Payless ShoeSource to shutter all of its remaining US stores

NEW YORK (AP) - Payless ShoeSource is shuttering all of its 2,100 remaining stores in the U. S. and Puerto Rico, joining a list of iconic names...

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Business Highlights
News 3 months ago
Business Highlights

NEW YORK (AP) - Amazon says it will not be building a new headquarters in New York, a stunning reversal after a yearlong search. The online...

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The Latest: NY economic czar called Amazon largest 'prize'
News 3 months ago
The Latest: NY economic czar called Amazon largest 'prize'

NEW YORK (AP) - The Latest on the decision by Amazon to dump New York City as a location for a new headquarters (all times local): Arlington,...

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Major US stock indexes waver after weak retail sales data
News 3 months ago
Major US stock indexes waver after weak retail sales data

U. S. stock indexes wavered between small gains and losses in afternoon trading Thursday as the market recovered from an early slide. Gains in...

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Humbug holidays: US retail sales drop 1.2 pct. in December
News 3 months ago
Humbug holidays: US retail sales drop 1.2 pct. in December

WASHINGTON (AP) - U. S. retail sales fell in December, posting the biggest drop since September 2009 and delivering more evidence that last year's...

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Toys R Us plans second act by holiday season
News 3 months ago
Toys R Us plans second act by holiday season

NEW YORK (AP) - Toys R Us fans in the U. S. should see the iconic brand re-emerge in some form by this holiday season. Richard Barry, a former Toys...

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Bankruptcy judge gives Sears another chance
News 3 months ago
Bankruptcy judge gives Sears another chance

NEW YORK (AP) - A bankruptcy judge on Thursday blessed a $5.2 billion plan by Sears chairman and biggest shareholder to keep the iconic business...

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Apple's top retail exec to leave amid iPhone sales slowdown
News 3 months ago
Apple's top retail exec to leave amid iPhone sales slowdown

SAN FRANCISCO (AP) - Apple's top retailing executive is stepping down amid a slowdown in iPhone sales that has raised doubts about the company's...

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Retail group forecasts solid retail sales growth for 2019
News 3 months ago
Retail group forecasts solid retail sales growth for 2019

Schultz wants to avoid 'billionaire.' Twitter begs to differ. NEW YORK (AP) - The National Retail Federation, the nation's largest retail trade...

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Sears confirms chairman's hedge fund wins bid in auction
News 4 months ago
Sears confirms chairman's hedge fund wins bid in auction

FILE- In this Jan. 7, 2019, file photo a customer shops in a Sears store in the Brooklyn borough of New York. Sears confirmed Thursday, Jan. 17,...

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Microsoft pledges $500M to tackle Seattle housing crisis
News 4 months ago
Microsoft pledges $500M to tackle Seattle housing crisis

FILE - In this Feb. 9, 2016 file photo, a man lies in a tent with others camped nearby, under and near an overpass in Seattle. Microsoft pledged ...

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Gymboree begins winding down operations after 2nd bankruptcy
News 4 months ago
Gymboree begins winding down operations after 2nd bankruptcy

FILE- In this July 9, 2005, file photo a security mirror shows shoppers at a Gymboree store at Stanford Shopping Center in Palo Alto, Calif....

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Sears survives a near-death experience, but for how long?
News 4 months ago
Sears survives a near-death experience, but for how long?

Seattle is no longer among the 'hottest' real estate markets Sears chairman and largest shareholder, Eddie Lampert, won a bankruptcy auction for...

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