Via Fox Business New orders for U.S. factory goods recorded their biggest drop in seven months in March, but a gauge of planned business spending rose slightly, suggesting businesses are continuing to spend despite a slowdown in factory activity. The Commerce Department on Friday said orders for manufactured goods dropped 4 percent. Economists polled...
Read more →Via The Los Angeles Times Nestle USA has voluntarily recalled some of its California Pizza Kitchen and DiGiorno frozen pizzas after the products were found to contain clear plastic pieces, the company said. The affected products include: – California Pizza Kitchen crispy thin-crust white pizza. – California Pizza Kitchen limited edition grilled chicken with...
Read more →Via Bloomberg Orders placed with U.S. factories fell more than forecast in March as a cooling economy slowed demand for metals, mining equipment and military goods. The 4 percent drop in bookings was the biggest since August and followed a revised 1.9 percent gain the prior month that was smaller than previously estimated, the...
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Via ABC News Court proceedings for Macy’s lawsuit against J.C. Penney Co. and Martha Stewart continued Monday in Manhattan after the companies failed to reach a settlement. Judge Jeffrey Oing ordered the parties involved, including Macy’s, J.C. Penney Co. and Martha Stewart Living Omnimedia, into mediation while the trial was on a one-month recess....
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Via ABC News A report released today ranking the industry as a whole and domestic carriers individually names the best and worst when it comes to some of the most important issues to air travelers: On-time arrivals, involuntary denied boardings, mishandled bags and customer complaints. The Airline Quality Report said 2012 “showed an industry...
Read more →Via The Chicago Tribune Caribou Coffee is quitting Illinois. The Minneapolis-based cafe chain will close the majority of its 66 Illinois locations, converting more than a dozen to Peet’s Coffee & Tea shops over the next 12 to 18 months. Closures will take effect Sunday at noon. The company did not immediately respond to...
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Via Bloomberg Adidas AG (ADS), the world’s second- largest sporting-goods maker, forecast higher sales and profit this year and raised its dividend by 35 percent as it targets fast-growing emerging markets and introduces new products. Sales will increase at a “mid-single-digit” percentage pace in 2013, while operating margin will improve to almost 9 percent...
Read more →Via The Los Angeles Times Brooding-teen retailer Hot Topic Inc. is about to become family with Talbots Inc., an apparel chain beloved by moms. Hot Topic, a mall staple based in City of Industry, is being sold for $600 million to Sycamore Partners, the private equity firm that this summer bought Talbots for $391...
Read more →FOX Business Network (FBN) has re-signed Charlie Gasparino to a multi-year deal where he will continue his role as senior correspondent for both FBN and FOX News Channel (FNC), announced Kevin Magee, Executive Vice President of the network. In making the announcement, Magee said, “Charlie thrives on holding Wall Street accountable and his tenacious,...
Read more →Via USA Today Apple says it has lowered the price of its 13-inch MacBook Pro laptops by $200 and updated its processors. It also launched new models with faster processors and more memory. Apple said Wednesday that the MacBook Pro with “Retina” display and 128 gigabytes of flash memory will now cost $1,499, down...
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