By ANNE D'INNOCENZIOAP Retail Writer
NEW YORK (AP) - The legacy of J.C. Penney's former CEO is being felt at the department-store chain.
Penney on Thursday reported that it widened its loss in the first quarter on a 16 percent drop in revenue. It marks the fifth-straight quarter that the
By MICHAEL LIEDTKEAP Technology Writer
SAN FRANCISCO (AP) - Dell's financial decay worsened during its latest quarter as the company slashed its personal computer prices in response to the growing popularity of smartphones and tablets.
The dismal performance announced Thursday provided the
NEW YORK (AP) - Weak sales from Wal-Mart and discouraging economic reports resulted in a down day on the stock market.
The Dow Jones industrial average fell 42 points to close at 15,233 Thursday, a loss of 0.3 percent. Disney and Wal-Mart led the Dow lower.
The Standard & Poor's 500 fell
By DANICA COTOAssociated Press
SAN JUAN, Puerto Rico (AP) - Coffee production in Puerto Rico has hit the lowest level ever in the island's history, leaving farmers and government officials worried about how to revive a once burgeoning industry amid a deep economic crisis.
Farmers produced some
SAN FRANCISCO (AP) - Investors snapped up the stocks of companies that make computer networking gear Thursday after industry leader Cisco Systems Inc.'s latest quarterly earnings raised hope that business is picking up after a long stretch of lackluster demand.
Cisco led the rally as its shares
By CARA ANNAAssociated Press
NEW YORK (AP) - Canada's prime minister said Thursday that a controversial oil pipeline from his country to the U.S. Gulf Coast "absolutely needs to go ahead" and warned that the oil will be transported through America one way or another.
Stephen Harper spoke on the
By MATTHEW DALYAssociated Press
WASHINGTON (AP) - The Obama administration is proposing a rule that would require companies that drill for oil and natural gas on federal lands to publicly disclose chemicals used in hydraulic fracturing operations. The new "fracking" rule replaces a draft proposed
By SAM HANANELAssociated Press
WASHINGTON (AP) - A second federal appeals court has ruled that President Barack Obama exceeded his power in making a recess appointment to the National Labor Relations Board.
The 3rd U.S. Circuit Court of Appeals in Philadelphia ruled that recess appointments can be
LOS ANGELES (AP) - Ticketmaster has agreed to settle claims for up to $23 million over a lawsuit affecting more than a million people who, after buying a ticket online, were enrolled in a rewards program that cost $9 a month but never gave them any benefits.
U.S. District Judge Dale Fischer in Los
By MARCY GORDONAP Business Writer
WASHINGTON (AP) - A rule intended to loosen the largest U.S. banks' control over the trading of complex investments and help safeguard the financial system was weakened Thursday by regulators.
Critics say the changes will allow major Wall Street banks to