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Abercrombie posts smaller-than-expected drop in same-store sales

Business RSS - 40 min 53 sec ago
(Reuters) - U.S. teen apparel retailer Abercrombie & Fitch Co , which has put itself up for sale, posted smaller-than-expected drop in comparable-store sales, helped by strong demand for its California beach-themed surfwear brand Hollister.

Best Buy quarterly comparable sales rise unexpectedly

Business RSS - 1 hour 27 sec ago
CHICAGO (Reuters) - Best Buy Co Inc, the No. 1 U.S. electronics retailer, reported on Thursday an unexpected rise in quarterly comparable sales, helped by demand for gaming and mobile products.

Some Uber and Lyft riders are giving up their own cars: Reuters/Ipsos poll

Business RSS - 1 hour 3 min ago
SAN FRANCISCO (Reuters) - Wally Nowinski got his first car when he turned 16 in Michigan, the home of the U.S. auto industry. But after two years of living in New York City, he sold his wheels, using ride services, carsharing and bike sharing to get around.

Sears posts first quarterly profit in nearly two years on cost cuts

Business RSS - 1 hour 52 min ago
(Reuters) - Sears Holdings Corp reported its first quarterly profit in nearly two years, helped by the retailer's $1.25 billion cost-cutting plan amid doubts about its ability to continue as a going concern.

Sears just surprised Wall Street with a narrower-than-expected loss; shares jump - CNBC

Google RSS - 2 hours 16 min ago

CNBC

Sears just surprised Wall Street with a narrower-than-expected loss; shares jump
CNBC
Earnings per share: an adjusted loss of $2.15 vs. an expected loss of $3.05, according to two Thomson Reuters analysts who continue to cover the company; Revenue: $4.3 billion vs. a Thomson Reuters forecast for $4.05 billion; Same-store sales: an 11.9 ...
Sears loss deepens as sales keep slippingUSA TODAY
Sears turns a quarterly profit for the first time in almost 2 yearsBusiness Insider
Sears posts first quarterly profit in nearly two years on cost cutsReuters
TheStreet.com -Charlotte Observer -Investor's Business Daily -StreetInsider.com
all 28 news articles »

Banks and funds will never quite be forex friends

Business RSS - 2 hours 38 min ago
LONDON (Reuters) - On U.S. election day last November, banking executive David Puth stood in line behind Woody Allen to vote in his Manhattan neighborhood and then got on a plane to be shouted at for the rest of the day by a group of rich fund managers.

OPEC meets to extend oil cuts for up to one year

Business RSS - 4 hours 49 min ago
VIENNA (Reuters) - OPEC and non-member oil producers are gearing up to extend output cuts on Thursday, possibly by as long as 12 months, to help clear a global stocks overhang and prop up crude prices.

U.S. oilfield service firms lag shale recovery; old deals hold

Business RSS - 6 hours 44 min ago
HOUSTON (Reuters) - U.S. oil services companies have been doing a lot more work as recovering oil prices have lifted the shale industry from a two-year slump, but producers have been pocketing much of the new cash generated by rising output and squeezing service providers to keep costs down.

Lack of new launches leaves Ford playing catchup with GM

Business RSS - 7 hours 6 min ago
DETROIT (Reuters) - James Hackett spent the last year plotting Ford Motor Co's long-term self-driving car strategy. In his first week as chief executive, he has more immediate concerns: stopping a skid in North American sales and fending off a market share grab by resurgent archrival General Motors Co.

Harley-Davidson plans Thailand factory to serve Southeast Asian market - CNBC

Google RSS - 7 hours 16 min ago

CNBC

Harley-Davidson plans Thailand factory to serve Southeast Asian market
CNBC
Motorcycle maker Harley-Davidson Inc. said on Thursday it will build a plant in Thailand, a major Asian automotive hub, to serve the growing Southeast Asian market, a move criticized by a U.S. labor union. The company did not give a figure for the ...
Steelworkers, machinists upset with Harley-Davidson about plans for Thailand plantMilwaukee Journal Sentinel
Harley-Davidson plans Thailand factorySeeking Alpha
Harley-Davidson to build assembly plant in ThailandDaily Mail
BizTimes.com (Milwaukee) -New York Times -Is stories -UltimateMotorcycling.com
all 74 news articles »

Test rocket launched into space from New Zealand pad - Island Packet

Google RSS - 7 hours 30 min ago

Los Angeles Times

Test rocket launched into space from New Zealand pad
Island Packet
California-based company Rocket Lab says it has successfully launched a test rocket into space from its New Zealand launch pad. The company tweeted Thursday afternoon: "Made it to space. Team delighted. More to follow!" Rocket Lab was given official ...
NZ becomes space nation with rocket launchThe Australian
Rocket Lab successfully launches first test rocketStuff.co.nz
Watch: Close up view as Rocket Lab's test rocket lifts off in Hawke's BayTVNZ
Scoop.co.nz (press release) -Mashable -Newshub -SatNews Publishers
all 31 news articles »

What should business owners know about service animals?

WCAX Local News RSS - 7 hours 57 min ago
The Vermont Human Rights Commission says that Capital Deli in Montpelier violated the rights of a man with a service dog.

Harley-Davidson plans a Thailand factory to serve SE Asian market

Business RSS - 8 hours 6 min ago
BANGKOK (Reuters) - Motorcycle maker Harley-Davidson Inc (HOG.N) said on Thursday it will build a plant in Thailand, a major Asian automotive hub, to serve the growing Southeast Asian market, a move criticized by a U.S. labor union.

Fastest growing US cities are in South; 4 of top 5 in Texas - Washington Post

Google RSS - 8 hours 27 min ago

Washington Post

Fastest growing US cities are in South; 4 of top 5 in Texas
Washington Post
DALLAS — Ten of the 15 fastest-growing cities with populations of 50,000 or more were spread across the South in 2016, with four of the top five found in Texas, according to new population estimates released Thursday by the U.S. Census Bureau. Conroe ...
Census estimates see Pittsburgh's population standing stillPittsburgh Post-Gazette
Exodus from upstate towns and villages growsPress & Sun-Bulletin
Detroit's population still down, despite hopesDetroit Free Press
AZCentral.com -DesMoinesRegister.com -Daily Detroit -Austin Business Journal
all 20 news articles »

New Zealand Budget 2017: Winners and Losers - Bloomberg

Google RSS - Wed, 05/24/2017 - 10:37pm

Bloomberg

New Zealand Budget 2017: Winners and Losers
Bloomberg
New Zealand Finance Minister Steven Joyce released an annual budget Thursday that pledges to boost incomes for families if his government is re-elected on Sept. 23. Here are the winners and losers: ...
Brian Fallow: The better than nothing BudgetNew Zealand Herald
LIVE: Budget 2017 - Finance Minister Steven Joyce delivers his first BudgetTVNZ
New Zealand posts second straight surplus, targets infrastructure spendingTimes of India
Stuff.co.nz -Newshub -SunLive -Newstalk ZB
all 65 news articles »

Moody's China downgrade 'illogical', overstates debt: People's Daily

Business RSS - Wed, 05/24/2017 - 10:02pm
SHANGHAI (Reuters) - The decision by Moody's Investors Service to downgrade China's credit rating is "illogical" and overstates the levels of government debt, a commerce ministry researcher said in an editorial in the official People's Daily newspaper on Thursday.

Squier selected to NASCAR Hall of Fame

WCAX Local News RSS - Wed, 05/24/2017 - 9:35pm
A Vermont icon is heading to the Hall.

Oil prices rise in anticipation of extended OPEC-led production cut

Business RSS - Wed, 05/24/2017 - 9:23pm
SINGAPORE (Reuters) - Oil prices rose ahead of an OPEC meeting on Thursday that is expected to extend a production cut aimed at tightening the market well into 2018, adding at least nine months to an initial six-month cut in the first half of this year.

Confusion in Beekmantown sends parents to inapt website

WCAX Local News RSS - Wed, 05/24/2017 - 9:12pm
There was an unfortunate find for parents in the North Country.

Asian shares firm, dollar and U.S. bond yields slip after Fed

Business RSS - Wed, 05/24/2017 - 8:31pm
TOKYO (Reuters) - Asian shares eked out modest gains on Thursday while the dollar and U.S. bond yields slipped after the U.S. Federal Reserve signalled a cautious approach to future rate hikes and the reduction of its $4.5 trillion of bond holdings.

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