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Lowe's offers $205 million for Orchard Supply Hardware
Home improvement giant Lowe's Cos. aims to score a bigger piece of California's real estate recovery by agreeing to rescue Bay Area rival Orchard Supply Hardware Stores Corp. Lowe's on Monday made a $205-million bid for the company, sometimes known as...
Tags: Real Estate, Consumers, Realty, Bankruptcy, Companies and Corporations
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Lululemon CEO Christine Day to step down after sheer-pants scandal
Lululemon Athletica Inc.’s black yoga pants may have made a comeback after being recalled for being too sheer, but the same can’t be said for the company’s chief executive, Christine Day. Five and a half years after taking over the...
Tags: Toronto Stock Exchange, Physical Fitness and Exercise, Companies and Corporations, Marketing, Economy, Business and Finance
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Retail sales heat up in May amid warmer weather
Consumers emerged in May to give retailers their best month since January, lured by warmer weather and the confidence lift from the surging stock market and rising housing prices. Same-store sales increased 4.8% from a year earlier, beating expectations...
Tags: Old Navy, Target Brands, Inc., Consumers, Wal-Mart Stores, Inc., Costco Wholesale Corporation
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Wheel maker Superior Industries hits a bump in the road
Its squat, 1970s-era headquarters in Van Nuys may not look like much from the outside, but Superior Industries International Inc. is a key figure in the automotive industry. The company sells aluminum wheels to the major automakers: Ford, General...
Tags: Automotive Equipment, Toyota, Superior Industries International Incorporated, BMW, Ford Motor Co.
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Retail rents starting to inch up
After surviving a brutal recession that saw many chain retailers, restaurants and shops struggle and even go under, Southern California landlords are regaining the upper hand in rent negotiations. With shoppers willing to spend money again, signs of a...
Tags: Real Estate, Realty, Computing and Information Technology Industry, Business, Macy's
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Stocks swoon on interest rate fears
NEW YORK — A sudden jump in interest rates is casting a shadow over the stock market. Stocks fell sharply Friday as a persistent rise in rates over the last month threatened to derail the powerful rally this year in share prices. Despite...
Tags: Career and Workplace, Japan, Chicago Board Options Exchange, Labor Markets, Credit Ratings
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Hewlett-Packard's slump continues as revenue drops 10%
Hewlett-Packard Co.'s slump continues. Its quarterly earnings marked the seventh consecutive decline in revenue compared with the same period the previous year. And HP's 10% decrease in revenue during the three months that ended in April was the largest...
Tags: Apple iPhone, Apple Inc., Samsung Group, Computing and Information Technology Industry, Companies and Corporations
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Wal-Mart reports weak 1st-quarter sales, blames weather, tax issues
Wal-Mart Stores Inc. reported slight upticks in revenue and profit in its first quarter, but the retail behemoth still missed Wall Street’s expectations and watched its stock suffer in morning trading. The Bentonville, Ark., mega-chain blamed...
Tags: Earnings Forecasts, Wal-Mart Stores, Inc., Weather, Companies and Corporations, Weather Reports
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Stock spotlight: Salem Communications fine-tunes its content
Salem Communications Corp. makes money the "right" way. The Camarillo company operates a conservative, Christian-themed media conglomerate with 99 U.S. radio stations, a publishing company and several websites, including christianity.com, godtube.com...
Tags: Financial and Business Services, Radio Industry, Values, Computing and Information Technology Industry, Christianity
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Target earnings disappoint, retailer cuts full-year forecast
Target Corp., like many other retail rivals, was laid low in its first fiscal quarter by cold spring temperatures that discouraged seasonal shopping and caused the chain to underperform by even its own metrics. The Minneapolis company said sales at...
Tags: Walmart, Target Brands, Inc., The Home Depot, Gregg Steinhafel, Earnings
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Hulu draws more bidders
Yahoo Inc., fresh off its $1.1-billion deal this week to acquire personal blogging site Tumblr, got in line Friday to pick up video streaming site Hulu. The late bid by the cash-rich Internet portal giant came on the same day that the Santa Monica...
Tags: Yahoo! Inc., Computing and Information Technology Industry, Rupert Murdoch, Netflix Inc., Marketing
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Abercrombie's decline in sales pummels its stock price
In a dour end to Abercrombie & Fitch Co.'s difficult week, the teen retailer watched its stock slide by the largest margin in months after it reported a double-digit sales decline. The company's same-store sales in the U.S. plunged 17% in the first...
Tags: Inventories, Credit Ratings
Jun 18, 2013
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Jun 10, 2013
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Jun 7, 2013
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Jun 2, 2013
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May 30, 2013
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May 31, 2013
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May 23, 2013
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May 16, 2013
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May 26, 2013
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May 22, 2013
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May 25, 2013
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May 25, 2013
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