Business News

KDWN

1 day ago

Whole Foods exec: No tattoo shops planned for new chain yet

NEW YORK (AP) — Whole Foods is prepping for the launch of its hipster new grocery chain. But shoppers won't be able to get a tattoo with their cheese just yet….

KDWN

1 day ago

Correction: Abbott-St Jude Acquisition story

In a story April 28 about an Abbott Laboratories plan to buy St. Jude Medical, The Associated Press reported erroneously the deal's value. Abbott Laboratories will spend $25 billion to buy St. Jude Medical, not $19.3 billion….

KDWN

1 day ago

US consumer sentiment slips in April

WASHINGTON (AP) — The University of Michigan says American consumers were a bit more downbeat in April….

KDWN

1 day ago

Valeant files overdue financial report, ending debt default

Valeant Pharmaceuticals has filed its long-overdue financial report for 2015, plus restated results for several quarters, resolving its default on some of its $30 billion in debt and averting other problems….

KDWN

1 day ago

US consumer spending inches up in March

WASHINGTON (AP) — U.S. consumers boosted their spending by a tiny amount in March as purchases of nondurable goods such as clothing offset a big fall in spending on autos and other long-lasting items….

KDWN

1 day ago

US employment costs up modest 0.6 percent in first quarter

WASHINGTON (AP) — Employment costs paid to U.S. civilian workers rose at a slightly faster pace in the first three months of the year compared to the previous quarter, as wages and salaries gained steam….

KDWN

1 day ago

US consumer spending up tiny 0.1 percent in March, while incomes post solid 0.4 percent ga…

WASHINGTON (AP) — US consumer spending up tiny 0.1 percent in March, while incomes post solid 0.4 percent gain….

KDWN

1 day ago

Nationalized Royal Bank of Scotland sees loss widen

LONDON (AP) — Royal Bank of Scotland says its net loss widened in the first quarter as the taxpayer-owned bank made its final 1.2 billion-pound ($1.7 billion) payment to the U.K. Treasury as part of a deal to give the government first crack at any profits….

KDWN

2 days ago

Sanofi profits stable, strong sales in emerging markets

PARIS (AP) — Sanofi says drugs sales in emerging markets helped keep its profits stable in the first quarter despite losses caused by Venezuela's collapsing currency….

KDWN

2 days ago

FAA begins early inspection of Allegiant Air operations

DALLAS (AP) — Federal safety officials are reviewing operations at Allegiant Air two years ahead of schedule, spurred by incidents including an aborted takeoff and a plane that landed low on fuel….