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KDWN

1 day ago

Macy’s profit falls nearly 13 percent as sales drop

NEW YORK (AP) — Macy's, the nation's largest department store chain, says its earnings for the quarter that includes the holiday period dropped nearly 13 percent as results were dragged down by lower sales, store closures and other costs….

KDWN

1 day ago

Deal hunger sends food stocks higher; US indexes at records

NEW YORK (AP) — Stocks again broke records Tuesday as investors came back from a long weekend hungry for deals. While Kraft Heinz and Unilever couldn't complete a proposed $143 billion mega-merger, food and household goods makers rose as investors bet that other deals are coming….

KDWN

1 day ago

Wal-Mart, General Mills and Popeyes climb; Kraft Heinz falls

NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday:…

KDWN

1 day ago

Top 2 CSX executives retiring, railroad lays off 1,000

OMAHA, Neb. (AP) — The top two CSX executives will retire this spring, and the railroad plans to lay off roughly 1,000 management employees next month….

KDWN

1 day ago

Wal-Mart keeps working to make inroads against Amazon

NEW YORK (AP) — The nation's largest retailer keeps working to make headway against the largest online seller….

KDWN

1 day ago

Markets Right Now: US indexes climb to more record highs

NEW YORK (AP) — The latest on developments in financial markets (All times local):…

KDWN

1 day ago

UPS tests drones for regular deliveries in rural areas

UPS says its latest flying test shows the potential for using drones to make deliveries in rural areas….

KDWN

1 day ago

Wells Fargo fires 4 senior managers in sales scandal inquiry

NEW YORK (AP) — Wells Fargo's board of directors said it is firing four senior managers as part of its investigation into the bank's sales practices scandal….

KDWN

1 day ago

United, American begin selling cheaper economy-class fare

DALLAS (AP) — American and United have started selling cheaper "basic economy" fares as they battle discount airlines for the most budget-conscious travelers….

KDWN

1 day ago

CSX railroad’s top 2 executives retiring this spring

OMAHA, Neb. (AP) — The top two CSX executives plan to retire this spring from the railroad that is in discussions with a hedge fund seeking to install the executive who led Canadian Pacific's turnaround….