Sales gains lift Dollar Tree's 1Q profit 15 pct
Michael Felberbaum, Associated Press |
posted 2 minutes ago
Discount retailer Dollar Tree Inc. said Thursday that its net income increased 15 percent in the first quarter as consumers spent more at its stores, which sell goods for $1 or less.
ECB official: New bank authority 'indispensable'
David Mchugh, Associated Press |
posted 5 minutes ago
A top European Central Bank official is calling for quick creation of an agency with powers to restructure and wind down busted banks, in an apparent pushback against Germany's insistence that such fundamental changes should take time.
Marathon Oil says talks end on possible stake sale
Associated Press |
posted 10 minutes ago
Marathon Oil said Thursday that talks on a potential sale of part of its stake in the Athabasca Oil Sands Project in Canada have ended.
US rate on 30-year mortgages rises to 3.59 pct.
Marcy Gordon, Associated Press |
posted 22 minutes ago
Average rates on fixed mortgage rose for the third straight week, hitting their highest levels since mid-March. Still, mortgage rates remained close to historic lows, a trend that should help sustain the housing recovery.
US new home sales up 2.3 percent in April
Martin Crutsinger, Associated Press |
posted 45 minutes ago
Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering.
Ralph Lauren's 4Q profit rises 35 pct
Anne D'innocenzio, Associated Press |
posted May 23rd - 7:40am
Ralph Lauren Corp. reported a 35 percent increase in fourth-quarter profit as the luxury retailer benefited from lower cotton prices. But economic challenges here and abroad and the move to eliminate some businesses to focus on the most profitable ones cut into sales.
Applications for US unemployment aid fall to 340K
Paul Wiseman, Associated Press |
posted May 23rd - 7:37am
The number of Americans applying for unemployment benefits fell 23,000 last week to a seasonally adjusted 340,000, a level consistent with solid job growth.
J&J forecasts 10 new drug applications by 2017
Associated Press |
posted May 23rd - 6:31am
Johnson & Johnson says it plans to submit more than 10 new treatments to regulators for approval and 25 applications for additional uses of approved drugs by 2017.
Survey shows China manufacturing contracting
Joe Mcdonald, Associated Press |
posted May 23rd - 5:03am
A survey shows China's manufacturing contracted this month, adding to signs a fragile recovery in the world's No. 2 economy is slowing.
IMF head Lagarde in court in fraud probe
Associated Press |
posted May 23rd - 2:45am
International Monetary Fund chief Christine Lagarde is facing questions at a special Paris court Thursday over a controversial financial deal that she oversaw as French finance minister.
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