Posts Tagged Corporate news

J.C. Penney posts bigger 1Q loss than expected

NEW YORK (AP) — The legacy of J.C. Penney’s former CEO continues to cast a dark cloud over the department-store chain.

Read the rest of this entry »

Tags: , , , , ,

Wal-Mart’s 1Q profit, sales disappoint

In this May 9, 2013 photo, a worker pushes shopping carts in front of a Walmart store in La Habra, Calif. Wal-Mart Stores Inc. is expected to report quarterly results on Thursday, May 16, 2013. (AP Photo/Jae C. Hong)

NEW YORK (AP) — The first few months of the year were tough for Wal-Mart Stores Inc.

Read the rest of this entry »

Tags: , , , , , , , , , , , , ,

Weak open on Wall Street; Wal-Mart disappoints

Specialist Bradley Kessler, left, works with traders on the floor of the New York Stock Exchange in this May 7, 2013 file photo. Financial markets were subdued Thursday May 16, 2013 despite encouraging growth figures out of Japan, as investors paused for breath a day after the main U.S. stock indexes struck record highs. (AP Photo/Richard Drew, File)

NEW YORK (AP) — Signs of a slowing economy combined with comments from a Federal Reserve official helped pull the stock market down Thursday.

Read the rest of this entry »

Tags: , , , , , , , ,

How loyalty programs influence the way you shop

NEW YORK (AP) — Loyalty programs at supermarkets used to be as simple as getting access to the cheaper advertised prices on store shelves.

Read the rest of this entry »

Tags: , , , , , , , , , ,

In Bloomberg uproar, ethics flags for new media

FILE-In this Friday, March 13, 2009, file photo, discarded newspaper racks clutter a storage yard in San Francisco. The report released Monday, May 13, 2013, revealing that the financial data and news company Bloomberg LP leaked more than 10,000 of its clients' private messages containing sensitive pricing data, highlights the uncertain and rapidly changing ethical landscape facing media companies that are reinventing the news business. Bloomberg LP, which started as a provider of sophisticated financial data to bond traders and only later expanded to include a journalistic enterprise, echoes many new ventures in its determination to bypass old journalistic models that depended on well-defined relationships with readers and advertisers. (AP Photo/Noah Berger, File)

NEW YORK (AP) — Launching his namesake company’s news division in the 1990s, Michael Bloomberg largely rejected long-held rules of the journalism trade that insist on keeping thick firewalls between reporters and the profit-making workings of their companies.

Read the rest of this entry »

Tags: , , , , , , , , , , , , , , ,