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Tween Brands focuses on younger customer
Aug 15 2006 11:01PM (CT)
COLUMBUS, Ohio (AP) - Stung by slumping profits and what it called fashion missteps just a few years ago, the girls' retailer formerly known as Too Inc. has rejuvenated its bottom line by putting its focus back where it began.
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Japan stocks rise, dollar down vs yen
Aug 15 2006 10:18PM (CT)
TOKYO (AP) - Japanese stocks rose in early trade Wednesday following Wall Street's overnight strength. The dollar was down against the yen.
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Oil prices continue to fall
Aug 15 2006 9:41PM (CT)
SINGAPORE (AP) - Oil prices continued to fall Wednesday as a cease-fire took hold in Lebanon and concerns eased about supply disruptions in the U.S. state of Alaska.
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Teen retailers show strong 2Q growth
Aug 15 2006 6:18PM (CT)
COLUMBUS, Ohio (AP) - Teen retail leaders Abercrombie & Fitch Co. and American Eagle Outfitters Inc. reported robust second-quarter earnings on Tuesday as they headed into the all important back-to-school shopping season.
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Judge rules policy excluded flood damage
Aug 15 2006 4:58PM (CT)
GULFPORT, Miss. (AP) - A federal judge ruled Tuesday that an insurance company's policies do not cover damage from flood waters or storm surge in a decision that could affect hundreds of upcoming cases related to property damage from Hurricane Katrina.
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Treasurys push up after inflation report
Aug 15 2006 4:45PM (CT)
NEW YORK (AP) - U.S. Treasury prices chalked up sharp gains Tuesday, buoyed by a very weak July wholesale prices reading and other soft economic data.
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Gold down on low inflation, cease-fire
Aug 15 2006 4:38PM (CT)
NEW YORK (AP) - Gold futures fell Tuesday at the New York Mercantile Exchange due to lower-than-expected inflation data and a continued cease-fire in Lebanon.
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Dollar falls against major currencies
Aug 15 2006 4:11PM (CT)
NEW YORK (AP) - The dollar fell against most major currencies Tuesday after data showed inflation at the wholesale level edging up only slightly _ casting doubt on prospects for another interest rate hike by the Federal Reserve.
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Home Depot 2Q profit up 5.3 percent
Aug 15 2006 3:23PM (CT)
ATLANTA (AP) - The Home Depot Inc. said Tuesday its second-quarter profit rose 5.3 percent, it will resume same-store sales reporting and it is investing another $350 million in improving its business. It said it expects earnings growth for the year to be at the low end of its previous guidance.
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Home sales decline in 28 states, D.C.
Aug 15 2006 3:21PM (CT)
WASHINGTON (AP) - The slowdown in the once-sizzling housing market is spreading, with 28 states and the District of Columbia reporting spring sales declines, led by big drops in former boom areas of Arizona, Florida and California.
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Avis, P&G provide fliers with toiletries
Aug 15 2006 2:17PM (CT)
CINCINNATI (AP) - Travelers stripped of carryon toiletries because of heightened airport security will find a consolation gift when they pick up Avis Rent A Car vehicles in the nation's major airports.
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Saks posts 2Q loss on lower revenue
Aug 15 2006 1:38PM (CT)
NEW YORK (AP) - Luxury retailer Saks Inc. posted a second-quarter loss Tuesday, reversing a year-earlier profit, due in large part to sharply lower revenue following the sale of its Northern Department Store Group.
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Airlines decide who should pay for alert
Aug 15 2006 11:58AM (CT)
LONDON (AP) - As the immediate security threat at British airports wanes, airlines are beginning to count the multimillion dollar cost of the terrorist alert _ and consider who should pay.
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Women-only tours, hotel deals take off
Aug 15 2006 11:56AM (CT)
NEW YORK (AP) - Christine McIver found a surefire way to ensure some of her less-than-fond memories gathered as a trail guide wouldn't be repeated on a horseback riding vacation she was planning: She booked a women's only trip.
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Motorcycle cos. rev up safety programs
Aug 15 2006 11:50AM (CT)
MILWAUKEE (AP) - As Sean Mizlo lay in a hospital bed last summer, he wondered if he'd ever ride a motorcycle again. He knew he could, even though doctors had just removed his left leg above the knee. But would he want to?
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Delphi posts $2.6 billion 1st-half loss
Aug 15 2006 11:08AM (CT)
DETROIT (AP) - Delphi Corp., the nation's largest auto supplier, said Tuesday it lost $2.6 billion in the first half of 2006, due largely to the cost of employee buyout and early retirement packages that are key to the company's bankruptcy reorganization.
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Dell recalls fire-risk laptop batteries
Aug 15 2006 11:07AM (CT)
DALLAS (AP) - In the largest electronics-related recall involving the Consumer Products Safety Commission, Dell Inc. agreed to replace 4.1 million notebook computer batteries made by Sony Corp. because they can burst into flames.
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Ford seeks to trim number of dealers
Aug 15 2006 9:27AM (CT)
DETROIT (AP) - Ford Motor Co. said Tuesday it plans to trim the number of dealerships it has in 18 metropolitan areas across the country, blaming sliding car and truck sales for the decision.
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Domestic sales lift Staples 2Q profit
Aug 15 2006 9:14AM (CT)
BOSTON (AP) - Staples Inc. said Tuesday its second-quarter profit rose 19 percent as the nation's biggest office products seller reported a modest rebound from its recent slow sales growth in North America.
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American Eagle 2Q profit up 24 percent
Aug 15 2006 7:31AM (CT)
WARRENDALE, Pa. (AP) - Teen apparel and accessories retailer American Eagle Outfitters Inc. said Tuesday that second-quarter earnings rose 24 percent to beat Wall Street expectations on strong sales gains.
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UBS reports 47 percent rise in 2Q profit
Aug 15 2006 6:31AM (CT)
ZURICH, Switzerland (AP) - UBS AG's second-quarter net profit rose 47 percent, topping analyst forecasts, thanks in part to its private banking and investment banking operations.
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Officials cut corners on biotech permits
Aug 15 2006 5:47AM (CT)
HONOLULU (AP) - A federal judge has ruled that U.S. agriculture officials violated environmental laws in permitting four companies to plant genetically modified crops in Hawaii to produce experimental drugs.
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Automakers gain in customer satisfaction
Aug 15 2006 1:08AM (CT)
DETROIT (AP) - Domestic automakers gained ground on their foreign competitors in customer satisfaction, but a considerable gap remains, according to an annual survey of U.S. vehicle owners.
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