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Macy's cuts forecasts as sales drop again, says no to REIT

Macy's Inc slashed its full-year sales and profit forecasts and reported a surprise drop in quarterly same-store sales as customers cut back on expenditure and a strong dollar discourages tourists from spending at its stores. Macy's also said it would not form a real estate investment trust at this time, but was considering redeveloping...
Nov 11, 2015 |
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Boeing drops GKN for part of 737MAX plan, delivery on track for 2017

The company had made changes to the design of the inner walls of the thrust reverser on its new 737 and is in negotiations with a new supplier, Boeing spokesman Doug Alder, in a statement on Tuesday, said. GKN declined to comment on Boeing's move. Boeing said that the change in design approach incorporated technology and findings from its...
Nov 11, 2015 |
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Wall Street little changed in choppy trade, retailers fall

(Reuters) - U.S. stocks were little changed in choppy early trading on Wednesday after data from China appeared to make a case for further stimulus measures from Beijing, while investors braced for a possible hike in U.S. interest rates next month.
Nov 11, 2015 |
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Lockheed wins $969 million contract for 17 C-130J aircraft

Lockheed Martin Corp has been awarded a contract worth nearly $969 million to build 17 C-130J military transport aircraft, the Pentagon said on Tuesday. The work is expected to be completed by April 2020, the Department of Defense said in its daily digest of major contract awards. Last month, Lockheed announced that it had reached a verbal...
Nov 11, 2015 |
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Volkswagen dampens hopes for quick results in emission-scandal probe

Volkswagen has dampened hopes for quick results from an investigation into its rigging of diesel emissions tests and said developing a fix for the affected cars rather than finding the root cause of the manipulations is its top priority. "I understand the desire for speed, but what matters to us instead is to work thoroughly and to not give...
Nov 11, 2015 |
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Molson Coors nears deal to buy rest of Miller Coors: source

The person said the deal would be contingent on the closing of a proposed merger between Anheuser-Busch InBev and SABMiller that would create a company making almost a third of the world's beer. Molson Coors has been widely expected to make a bid for SABMiller's 58 percent stake in the joint venture known as MillerCoors LLC. MillerCoors...
Nov 11, 2015 |
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Asia shares anxious ahead of China data

By Wayne Cole SYDNEY (Reuters) - Asian share markets drifted lower on Wednesday as anxiety mounted ahead of another batch of Chinese data while strength in the U.S. dollar kept the screws on global commodity prices. Markets will be vulnerable to any whiff of disappointment in Chinese figures on retail sales, industrial production and urban...
Nov 11, 2015 |
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U.S. charges three in huge cyberfraud targeting JPMorgan, others

By Jonathan Stempel and Nate Raymond NEW YORK (Reuters) - U.S. prosecutors on Tuesday unveiled criminal charges against three men accused of running a sprawling computer hacking and fraud scheme that included a huge attack against JPMorgan Chase & Co and generated hundreds of millions of dollars of illegal profit. Gery Shalon, Joshua Samuel...
Nov 11, 2015 |
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McDonald's investors hungry for news on breakfast, REIT, dividend

Shares in the world's biggest restaurant chain have been trading at record highs since Chief Executive Steve Easterbrook said on Oct. 22 that a rebound in quarterly sales at established restaurants showed his turnaround plan was beginning to take hold. McDonald's launched all-day breakfast on Oct. 6 in the United States, its top profit...
Nov 10, 2015 |
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U.S. import prices fall further; wholesale inventories rise

U.S. import prices fell more than expected in October as the cost of petroleum and a range of goods declined, a sign that a strong dollar and soft global demand continued to exert downward pressure on imported inflation. Other data on Tuesday showed a surprise increase in wholesale inventories in September, suggesting the government's...
Nov 10, 2015 |
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Closing controversial pharmacy to hurt drugmaker Valeant: CEO

As of last week, Philidor Rx Services has stopped handling insurance claims for drugs and it will cease operations by the end of January, Valeant Chief Executive Officer Mike Pearson said in a conference call with investors and analysts. Philidor's role was to process customer prescriptions and then claim payment from insurance companies,...
Nov 10, 2015 |
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Wall St. dips as Apple adds to fears of weakening demand

(Reuters) - U.S. stocks were lower on Tuesday morning, dragged down by Apple, as investors worried about China's economic health and braced for an interest rate hike by the Federal Reserve next month.
Nov 10, 2015 |
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Three indicted in U.S. over big JPMorgan hacking

U.S. prosecutors on Tuesday unveiled expanded criminal charges against three men in connection with a massive 2014 cyberattack against JPMorgan Chase & Co and the hacking of several other major financial companies and financial news publishers. Gery Shalon, Joshua Samuel Aaron and Ziv Orenstein were charged in a 23-count indictment over crimes...
Nov 10, 2015 |
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Oil price to rise only gradually to $80 by 2020: IEA

By Amanda Cooper LONDON (Reuters) - Oil is unlikely to return to $80 a barrel before the end of the next decade, despite unprecedented declines in investment, as yearly demand growth struggles to top 1 million barrels per day, the International Energy Agency said on Tuesday. In its World Energy Outlook, the IEA said it anticipates demand growth...
Nov 10, 2015 |
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Democrat targets corporate tax-avoidance deals in U.S. Congress

By Susan Cornwell WASHINGTON (Reuters) - Tax-driven "inversion" deals that let companies flee the U.S. tax system by relocating abroad, if only on paper, would be curbed under legislation introduced in Congress, as Pfizer Inc pursues such a deal with rival Allergan Plc . Wisconsin Democratic Representative Mark Pocan's bills likely...
Nov 10, 2015 |
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Asian shares fall to one-month low on Fed, global growth worries

Asian shares slipped to one-month lows on Tuesday as the spectre of higher borrowing costs in the United States and slower global economic growth prompted investors to trim their exposure to riskier assets. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1 percent. Japan's Nikkei fell 0.6 percent from a 2 1/2-month high...
Nov 10, 2015 |
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U.S. government, Electrolux argue at trial over GE appliance deal

The government argued Monday that U.S. consumers would pay 5 percent more for ranges and wall ovens if AB Electrolux was allowed to buy General Electric's appliance business but the companies accused antitrust enforcers of failing to acknowledge powerful and growing competition from overseas manufacturers. The Department of Justice asked a...
Nov 10, 2015 |
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U.S. senators seek to ensure Takata recall is completed

Two influential U.S. senators, worried about Takata Corp's ability to complete its recall of potentially deadly air bag inflators, sought regulatory guidance on how to hold the Japanese company accountable if its U.S. subsidiary goes bankrupt. "We have concerns about Takata's financial solvency, which is now at risk ... and that as a...
Nov 10, 2015 |
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Valeant to give an update on operations in conference call on Tuesday

(Reuters) - Valeant Pharmaceuticals International Inc said on Monday it will hold a conference call on Tuesday to give an update on its operations and plans to transition from specialty pharmacy, Philidor. Valeant CEO Michael Pearson has come under increasing pressure as the company's stock plunged from $263.70 on Aug. 5 to below $80 last week...
Nov 9, 2015 |
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Apple's iPad Pro to go on sale Wednesday

(Reuters) - Apple Inc said its iPad Pro will be available to order online on Wednesday and arrive at stores later this week. Sales of iPads have been falling for several quarters as big-screen iPhones appeal to more consumers. Apple sold 54.86 million iPads in the year ended Sept. 26 - a drop of 19 percent from a year earlier.
Nov 9, 2015 |
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Zacks Industry Outlook Highlights: Freeport-McMoRan, Newmont Mining, Golden Star Resources, Randgold Resources and Kinross Gold

Zacks Industry Outlook Highlights: Freeport-McMoRan, Newmont Mining, Golden Star Resources, Randgold Resources and Kinross Gold Read More

Gold Mining Stock Outlook - Sept. 2017

Gold Mining Stock Outlook - Sept. 2017 Read More

Why Freeport-McMoran (FCX) Stock Might be a Great Pick

Freeport-McMoran (FCX) is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective. Read More

Friend of slain Georgia Tech student: 'If Scout was more gender-conforming, would it have been different?'

Scout Schultz, a Georgia Tech student, was shot by campus police on Saturday night, and a protest two days later led to arrests. In the aftermath of those events, Yahoo Lifestyle talked to a friend... Read More

How to Make Healthy Leftover Turkey Tacos

These tacos get a healthy makeover by using turkey as the main lean protein. It all comes together with some beans, avocado, and a little cheese. Watch the video to learn how to make this easy... Read More

Little People, Big World's Audrey Roloff Just Gave Birth to Her First Child

It's a girl! Read More

Mel Brooks: ‘Blazing Saddles’ Would Never Be Made in Today’s ‘Stupidly Politically Correct’ Culture

“Blazing Saddles” may be a groundbreaking comedy, but director Mel Brooks doesn’t think Hollywood would make the iconic Western parody in this current “stupidly politically correct” climate. The... Read More

Box Office: 'Kingsman: The Golden Circle' Unseats 'It' as 'Lego Ninjago' Disappoints

Kingsman: The Golden Circle is the new ruler of the box office. The sequel from Fox is expected to earn $39 million this weekend from 4,003 locations. That’s slightly below where tracking had... Read More

Bradley Cooper-Lady Gaga’s ‘Star Is Born’ Moves to May 2018

Warner Bros.’ “A Star Is Born” remake starring Stefani Germanotta (Lady Gaga) and Bradley Cooper, who is also directing, is moving up its release to May 18, 2018. The pic was originally set to open... Read More

White House officials defend Trump, say athletes 'can do free speech on their own time'

Treasury Secretary Steve Mnuchin defended Trump’s call for NFL players who kneel during the national anthem to be suspended or fired. “It’s not about free speech,” Mnucin said Sunday. “They can do... Read More

In wake of U.N. speech, Kim calls Trump a ‘dotard.’ Trump fires back at ‘madman.’

President Trump and North Korean leader Kim Jong Un have unleashed personal attacks on one another after the U.S. commander in chief’s speech at the United Nations. “Kim Jong Un of North Korea,... Read More

As Russia probe turns to fake Facebook ads, Trump follows with a tweet

President Trump continued his efforts to belittle accusations of Russian meddling in the 2016 election on Friday, turning to the latest set of charges, involving targeted political ads placed on... Read More

Reluctant champion: How Nadia Murad has become the international face of Yazidi suffering – and resilience

Weeks earlier, Nadia Murad had been ripped from her village by Islamic State (ISIS) fighters who murdered her family and took her captive. Along with other young Yazidi women, she was transported... Read More

Readers write: The work of downsizing, evidence of climate change, hopeful coverage on famine

Regarding the Aug. 21 Monitor Daily story “Home prices, and a thought shift, give ‘small living’ a boost”: Interesting concept. My friend has done it, downsizing and living in a tiny apartment.... Read More

Time for the world to step up on Rohingya issue, Aung San Suu Kyi’s astounding hypocrisy, Irma’s destruction in Britain’s Caribbean islands, The US should stop saber rattling, On the Nadal-Federer comeback

“It is high time the world made an all-out effort to stop the ongoing pogrom against Myanmar’s minority Rohingya...,” writes Mohammad Amjad Hossain. “The pogrom resembles those crimes perpetrated... Read More