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Retail roundup: J.C. Penney loan, Abercrombie apology, Mattel layoffs
The week before the Memorial Day holiday has been a busy one for retailers. Here's a sampling of happenings from Mattel, J.C. Penney and Abercrombie & Fitch. Mattel: As the El Segundo-based toymaker adapts to its newly created North America division, it...
Tags: Memorial Day, JC Penney Company Inc., Corporate Officers, Justice System, Fisher-Price
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J.C. Penney's loss more than doubles; revenue plunges 16%
The legacy of J.C. Penney's former CEO continues to cast a dark cloud over the department-store chain. Penney on Thursday widened its loss in the first quarter on a 16% plunge in revenue. It marks the fifth straight quarter that the struggling company...Tags: Mike Ullman, JC Penney Company Inc., Ron Johnson
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Bloomberg in damage-control mode over client snooping
Officials at Bloomberg, the New York financial news and information service, scrambled to deal with an unfolding customer privacy scandal after admitting its journalists had snooped on business clients for years through its network of terminals ubiquitous...
Tags: U.S. Securities and Exchange Commission, European Central Bank, Federal Reserve, Finance, U.S. Department of the Treasury
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Bloomberg CEO admits 'mistake' in snooping scandal
Bloomberg Chief Executive Daniel L. Doctoroff admitted that giving its journalists access to some subscriber information for its data terminals was "a mistake." The company went into damage control mode last week shortly after it disclosed that...
Tags: Bloomberg L.P., Federal Reserve, News Media
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J.C. Penney woes may persist as Best Buy rebounds
For a while, J.C. Penney and Best Buy seemed to be doppelgangers. The two retailers struggled with intensifying competition after years of comfortable stagnation. Beset by Wall Street skepticism and shaky consumer loyalty, each made sweeping attempts at...
Tags: Richard Schulze, Quarterly or Semiannual Financial Statements, Best Buy Co., Inc., Kohl's, JC Penney Company Inc.
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Fed: Some borrowers shortchanged in foreclosure settlement
Nearly 100,000 troubled borrowers were shortchanged on payments from Goldman Sachs Group Inc. and Morgan Stanley & Co., the Federal Reserve said — money intended to compensate for possible errors and abusesduring foreclosure proceedings in 2009...
Tags: Morgan Stanley Dean Witter & Company, Financial and Business Services, JPMorgan Chase & Co., Federal Reserve, Mortgages
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Berkshire Hathaway first-quarter profit jumps 51%
Warren Buffett's Berkshire Hathaway Inc. said first-quarter profit rose 51% on gains from investments and insurance operations. Net income climbed to $4.89 billion, or $2,977 a share, from $3.25 billion, or $1,966, a year earlier, the Omaha, Neb.,...Tags: Warren Buffett, Jorge Paulo Lemann, Berkshire Hathaway Inc., Shareholders, HJ Heinz Company
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The Goldman Sachs banker turned Nature Conservancy chief
Mark Tercek had some horribly awkward moments after he left Goldman Sachs to run a U.S. environmental charity, the Nature Conservancy. At one of his first big staff meetings, he committed a total eco no-no by drinking from a plastic water bottle. When...
Tags: Coca-Cola, World Wildlife Fund, Coca-Cola Co., Conservation, Nature Conservancy
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Goldman Sachs, Morgan Stanley to send foreclosure settlement checks
WASHINGTON -- Goldman Sachs and Morgan Stanley will begin sending $247 million in payments on Friday to nearly a quarter-million people under a settlement of foreclosure-abuse allegations with regulators, the Federal Reserve said. The two Wall Street...
Tags: Morgan Stanley Dean Witter & Company, Financial and Business Services, Personal Income, Federal Reserve, Mortgages
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Milken conference panel: Immigration reform would boost economy
Providing legal status to the country's estimated 11 million illegal immigrants would boost the U.S. economy and eradicate underground economies in cities such as Los Angeles, a panel of researchers, elected officials and a business tycoon said Monday. ...
Tags: Politics, Personal Data Collection, Labor Legislation, Rupert Murdoch, Morgan Stanley Dean Witter & Company
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J.C. Penney secures $1.75-billion loan
J.C. Penney acquired a five-year $1.75 billion loan from Goldman Sachs as the struggling company looks to strengthen its finances. The news came about two weeks after J.C. Penney announced it had drawn $850 million from a $1.85 billion credit line....
Tags: JC Penney Company Inc., Finance, Economy, Business and Finance, Ron Johnson
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Brown wants China aboard California's high-speed rail project
SHANGHAI — Gov. Jerry Brown's trade mission to China this week is intersecting with one of the most controversial issues of his governorship: California's $68-billion bullet train. The governor has staked part of his legacy on the rail network,...
Tags: Politics, Railway Transportation, Global Warming, Government, Finance
May 23, 2013
|Story| Los Angeles Times
May 16, 2013
|Story| AP Member Choice Complete
May 14, 2013
|Story| Los Angeles Times
May 13, 2013
|Story| Los Angeles Times
May 10, 2013
|Story| Los Angeles Times
May 9, 2013
|Story| Los Angeles Times
May 3, 2013
|Story| Bloomberg
May 4, 2013
|Story| Los Angeles Times
Apr 29, 2013
|Story| Los Angeles Times
Apr 29, 2013
|Story| Los Angeles Times
Apr 29, 2013
|Story| Los Angeles Times
Apr 11, 2013
|Story| Los Angeles Times
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