Business | MyFOX Spokane

Wal-Mart and Target: A tale of 2 discounters

Submitted by Fox First at Ten on November 15th

By ANNE D'INNOCENZIOAP Retail Writer NEW YORK (AP) - This holiday season, the biggest discount chains in the U.S. will tell the tale of two very different shoppers: those that have and those that have not. Wal-Mart Stores Inc., the world's largest retailer, on Thursday acknowledged that

News Summary: Stocks fall for third day

Submitted by Fox First at Ten on November 15th

By The Associated Press STOCKS DECLINE AGAIN: Stock indexes closed lower Thursday, a third straight decline, after U.S. retailers issued weak forecast for earnings. WAL-MART: The giant discounter was among retailers that disappointed analysts and investors with a weaker profit outlook. The

How the major US stock indexes fared Thursday

Submitted by Fox First at Ten on November 15th

By The Associated Press U.S. stocks closed lower Thursday, a third straight decline, as retailers reported mixed earnings for the previous quarter. Wal-Mart, Ross Stores and Limited Brands, the owner of Victoria's Secret, all fell after issuing forecasts that disappointed financial analysts

Dividend investors face a tangled year-end tax web

Submitted by Fox First at Ten on November 15th

By MARK JEWELLAP Personal Finance Writer BOSTON (AP) - What if one of your key sources of income were taxed at three times the rate you pay now? That's a realistic possibility next year for high-income investors who own dividend-paying stocks or mutual funds. Dividend investors earning

Nike boosts dividend, to split stock 2-for-1

Submitted by Fox First at Ten on November 15th

BEAVERTON, Ore. (AP) - Nike Inc. said Thursday that it is boosting its dividend payment and planning a two-for-one stock split. The Beaverton, Ore.-based athletic shoe and clothing company said Thursday both classes of its stock will split on Dec. 24. It expects its common stock to begin trading at

Sears 3rd-quarter net loss widens

Submitted by Fox First at Ten on November 15th

By MAE ANDERSONAP Retail Writer NEW YORK (AP) - Sears Holding Corp. said Thursday that its adjusted third-quarter loss narrowed, as the company pushed to turn around its ailing business. But sales in stores open at least one year continued to tumble in both its Kmart and Sears stores, and

Stocks edge lower after weak retail reports

Submitted by Fox First at Ten on November 15th

NEW YORK (AP) - Stocks are closing lower on Wall Street after U.S. retailers issued weak forecasts for earnings and claims rose for unemployment benefits. Wal-Mart, Ross Stores and Limited Brands, the owner of Victoria's Secret, fell Thursday after issuing forecasts that disappointed analysts.

Dollar and precious metals at a glance

Submitted by Fox First at Ten on November 15th

NEW YORK (AP) - Key currency exchange rates Wednesday, compared with late Tuesday in New York:

Gap raises outlook after stronger 3rd quarter

Submitted by Fox First at Ten on November 15th

NEW YORK (AP) - Gap Inc. raised its outlook for the year after reporting bigger third-quarter net income that beat Wall Street expectations on Thursday. The San Francisco-based clothing retailer said an uptick in sales at its Banana Republic, Old Navy and namesake stores helped lift its net income

News Summary: $23B health fund fires top watchdog

Submitted by Fox First at Ten on November 15th

By The Associated Press FIRED: The board of the $23 billion Global Fund to Fight AIDS, Tuberculosis and Malaria terminated Inspector General John Parsons, whose office had uncovered millions in financial losses that led some donors to withhold funding. POOR REVIEWS: The fund said Parsons'