More Business - !movers And Shakers Articles

  • Aeropostale drops aftermarket on weak 1Q results

    Updated: Thu, May 21, 2015

    NEW YORK (AP) — Shares of Aeropostale tumbled in aftermarket trading Thursday after the teen clothing retailer posted another quarterly loss, saying its first-quarter sales declined 20 percent. Aeropostale said its sales were hurt by problems with its merchandise assortment, a...

  • Gap's 1Q profit down 8 percent on currency fluctuations

    Updated: Thu, May 21, 2015

    NEW YORK (AP) — Gap Inc. reported an 8 percent decline in its first-quarter profit, as results were hurt by currency fluctuations and persistent sluggish sales at its Gap and Banana Republic stores. The San Francisco-based company, however, stuck with its annual profit outlook...

  • HP's 2Q earnings slip, but still top analyst views

    Updated: Thu, May 21, 2015

    PALO ALTO, Calif. (AP) — Hewlett-Packard Co.'s earnings slipped in the latest quarter as the long-slumping technology company struggled to boosts its sales while preparing to split up its operations. The fiscal second-quarter profit announced Thursday was still slightly better than...

  • The latest things to know about the Takata air bag recall

    Updated: Thu, May 21, 2015

    DETROIT (AP) — Out of concern for the safety of drivers, the U.S. government may step in to manage a giant recall of air bags made by Takata Corp. On Thursday, the government's National Highway Traffic Safety Administration started the process to take control of the recall of 33.8...

  • A look at how California spill compares with 1969 disaster

    Updated: Thu, May 21, 2015

    GOLETA, Calif. (AP) — An oil slick stretched across 9 miles of coastal waters Thursday after a pipeline rupture spilled thousands of gallons of sticky, stinking crude just north of Santa Barbara. Crews are working around the clock to rake, skim and vacuum it up. The coastline was the...

  • PayPal's new chief promises new services for a mobile world

    Updated: Thu, May 21, 2015

    SAN FRANCISCO (AP) — As PayPal prepares to split from its corporate parent, its new chief executive is promising to expand the popular online payment system, adding a variety of services for consumers to use when shopping on their phones or in traditional stores. PayPal will be...

  • Senate Democrats demand more money for Amtrak repair backlog

    Updated: Thu, May 21, 2015

    WASHINGTON (AP) — Senate Democrats on Thursday demanded that Republicans provide more money for Amtrak so the railroad can tackle a $21 billion maintenance and repair backlog, including replacing tunnels more than a century old. Democrats at a news conference cited last week's deadly...

  • McDonald's CEO 'proud' of pay hike; protesters want more

    Updated: Thu, May 21, 2015

    NEW YORK (AP) — McDonald's CEO Steve Easterbrook said Thursday he was "incredibly proud" of a decision to bump pay for some workers, even after protesters called on the company to do more outside its annual shareholder meeting. Easterbrook, who stepped into his role in March, is...

  • Taxes matter in fund investing, even when there's no bill

    Published: Thu, May 21, 2015

    NEW YORK (AP) — Most of us don't worry about taxes when it comes to mutual funds. We don't need to because we invest in them through a 401(k), IRA or another account designed to delay taxes until after retirement. More than half of all money invested in mutual funds is in tax-deferred...

  • US stock market notches tiny gains; oil price rises sharply

    Updated: Thu, May 21, 2015

    NEW YORK (AP) — U.S. stocks are closing slightly higher, led by an advance in energy stocks as the price of oil climbs. Salesforce.com was among the big gainers Thursday after reporting results that beat analysts' forecasts. Best Buy was also up after reporting strong earnings. The...

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