Business Highlights
By The Associated Press - AP - Thu May 22, 5:08PM CDT
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Final Glance: Big-box Retail companies
AP - Thu May 22, 5:02PM CDT
NEW YORK (AP) — Shares of some top big-box retail companies were mixed at the close of trading:
Best Buy Blames Slow Sales On Device Manufacturers
at Investor's Business Daily - Thu May 22, 4:44PM CDT
With no hot new products to attract customers, consumer-electronics sales are expected to decline in the next two quarters, Best Buy executives said Thursday. Best Buy (BBY) will continue to focus on improving profitability and making market-share...
Rumors of Whole Foods' Demise Are Greatly Exaggerated
Kyle Colona, The Motley Fool - Motley Fool - Thu May 22, 4:34PM CDT
Whole Foods recently released results for the second quarter ended on April 13. The leading organic grocer attributed its disappointing results to seasonal factors as well as increased competition from other grocery chains like Wal-Mart Stores ...
Sears 1Q loss widens, sales remain soft
By ANNE D'INNOCENZIO and MICHELLE CHAPMAN - AP - Thu May 22, 3:19PM CDT
NEW YORK (AP) — Sears Holdings signaled that it may close more stores than the 80 locations it is shuttering this year as the beleaguered retailer looks for ways to restore profitability and raise cash.
Weak electronics sales pressure Best Buy, Sears
By MAE ANDERSON - AP - Thu May 22, 4:08PM CDT
NEW YORK (AP) — Is America's love affair with gadgets fading?
Can Campbell Soup Win the Battle Against Its Organic Competitors?
Andrew Sebastian, The Motley Fool - Motley Fool - Thu May 22, 1:52PM CDT
Campbell Soup reported less-than-stellar results in its recent quarter and its stock dropped by over 3% as a result. Consumers have been choosing healthier and organic foods, and Campbell's traditional food offerings, such as its soups, contain...
Q1 Brings Bling For Williams-Sonoma, Luxury Retailers
at Investor's Business Daily - Thu May 22, 1:36PM CDT
The polar vortex appears to have been kinder to high-end saute pans and diamond necklaces than discount tees and binders. Williams-Sonoma's (WSM) first-quarter earnings rose 17% to 48 cents a share, beating views by 4 cents. Revenue climbed 9.7% to...
Minimum Wage Is a Law Against Workers
at The Street - Thu May 22, 12:32PM CDT
Businesses must adjust their model to match what the consumer wants. If a country implements a minimum wage, production will move and/or consumer demand will fall.
Midday Glance: Big-box Retail companies
AP - Thu May 22, 12:21PM CDT
NEW YORK (AP) — Shares of some top big-box retail companies are down at 1 p.m.:
Dow Today: Wal-Mart Stores (WMT) Lower
at The Street - Thu May 22, 12:00PM CDT
Holding back the Dow today is Wal-Mart Stores (NYSE: WMT ), which is lagging the broader Dow index with a 30-cent decline (-0.4%) bringing the stock to $75.36.
What India's Election Means for the American Economy
Stephen Lovely, The Motley Fool - Motley Fool - Thu May 22, 10:36AM CDT
Thousands of Indian citizens poured into the streets of New Delhi on Saturday to welcome Narendra Modi as he came to meet with the leaders of his political party, the Bharatiya Janata Party (BJP for short). The day before, the results of the world's...
How Wal-Mart Can Grow Again
Daniel James, The Motley Fool - Motley Fool - Thu May 22, 10:21AM CDT
It seems as if the fears of a slowdown at Wal-Mart Stores are coming true. In fact, it seems to be getting worse. Like many other retailers, Wal-Mart blamed its poor first-quarter results on the weather, but there seems to be something more...
Best Buy Beats Views On Q1 Earnings, Misses On Sales
at Investor's Business Daily - Thu May 22, 10:15AM CDT
Consumer electronics retailer Best Buy early Thursday posted first-quarter earnings that beat Wall Street's expectations, but sales continued to be weak, missing views. Still, Best Buy (BBY) stock was up 5% in early trading on the stock market today...
Early Glance: Big-box Retail companies
AP - Thu May 22, 9:43AM CDT
NEW YORK (AP) — Shares of some top big-box retail companies are mixed at 10 a.m.:
Business Take: Will a Fast Food Strike Help Raise the Minimum Wage?
Daniel Kline and Jason Hellmann, The Motley Fool - Motley Fool - Thu May 22, 9:30AM CDT
Fast food workers across the country stayed away from their jobs to protest the wages paid by companies including McDonald's , Yum Brands' Taco Bell, KFC, and Pizza Hut, and others. The protests were scattered across the country and received...
Here’s Why Amazon Might Remain in the Red for Much Longer
Joseph Gacinga, The Motley Fool - Motley Fool - Thu May 22, 8:13AM CDT
Amazon has for a long time now been the most dominant online retailer. Its revenue growth is unparalleled by those of brick-and-mortar retailers such as Target and Wal-Mart . However, Amazon's top-line growth of late seems to bear an...
Sozzi: China and India are LUSTING for Tiny Scooters, Here's Why
at The Street - Thu May 22, 6:16AM CDT
Jumping outside of your self-imposed bubble, scooter sales in the emerging markets of China and India are exploding. Wait, you didn't know that? CEO of Belus Capital Advisors Brian Sozzi talks with leading scooter maker Vespa to learn what's...
Another Weak Earnings Season Coming to an End - Earnings Outlook
Sheraz Mian - Zacks Investment Research - Thu May 22, 1:16AM CDT
Another Weak Earnings Season Coming to an End - Earnings Outlook
Another Weak Earnings Season Coming to an End - Earnings Trends
Sheraz Mian - Zacks Investment Research - Thu May 22, 1:16AM CDT
Another Weak Earnings Season Coming to an End - Earnings Trends