Stocks Made Small Gains as Energy Companies Surge
NEW YORK — Stocks eked out tiny gains Wednesday as oil prices continued to recover and investors hoped the worst is over for the beleaguered energy industry. Telecommunications companies, which have climbed as the rest of the market has struggled this year, also rose. Indexes wavered between tiny gains and losses for most of the day, then climbed steadily in the last 90 minutes of trading. Oil prices increased for the seventh time in eight days, an encouraging sign after many months of shar..>> view originalTarget Ramps Up Spending on Supply Network
NEW YORK — Target Corp. is stepping up spending on capital expenditures, primarily in its supply network and technology, as the retailer aims to be more nimble in an era of online shopping. The Minneapolis-based discounter told analysts Wednesday at its annual meeting it plans to spend $1.8 billion for the current year and ramp that up next year to up to $2.5 billion. In the last fiscal year ended in January, the company spent $1.4 billion in capital expenditures.The spending comes as Target,..>> view originalShould Abercrombie change its name to Hollister?
Should Abercrombie & Fitch change its corporate name to Hollister? The controversial apparel retailer, which is in the midst of a turnaround, reported its latest earnings on Wednesday. And to, paraphrase Charles Dickens, it was a tale of two clothing chains. It was the best of times for Hollister. Same-store sales were up 4% in the fourth quarter. That's the second consecutive quarter of growth. But it remains the worst of times for the core Abercrombie brand. Same-store sales fell 2%, ..>> view originalTransportation Department bans e-cigarettes on commercial flights
Putting an end to any confusion about whether electronic cigarettes violate the ban on smoking on commercial planes, the U.S. Department of Transportation announced a final rule Wednesday snuffing out the popular devices on domestic and international flights from the U.S.Most airlines had already banned smoking e-cigarettes, and the U.S. Department of Transportation has prohibited passengers from packing them in their checked luggage because they have been known to catch fire. The federal agenc..>> view originalUPDATE 1-US private sector adds 214000 jobs in February -ADP
NEW YORK U.S. private employers added 214,000 jobs in February, above economists' expectations, suggesting solid job growth despite market turmoil and worries about a slowing global economy, a report by a payrolls processor showed on Wednesday.Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 190,000 jobs, with estimates ranging from 160,000 to 225,000.Private payroll gains in the month earlier were revised down to 193,000 from an originally re..>> view originalBruce Dold named Chicago Tribune publisher amid more Tribune Publishing changes
Tribune Publishing's transformation under new Chairman Michael Ferro picked up pace Wednesday with the announcement of sweeping leadership changes across the Chicago-based media company.Ferro, a technology entrepreneur who became the largest shareholder and chairman of Tribune Publishing last month, also announced he was donating his ownership stake in the Chicago Sun-Times to a charitable trust to avoid perceived conflicts of interest. The core organizational changes at Tribune Publishing comb..>> view originalYahoo adds competitive video gaming to sports vertical
NEW YORK (AP) — Yahoo is adding a new and potentially lucrative component to its sports vertical: competitive video gaming. The company on Wednesday announced the launch of Yahoo Esports, an online channel devoted to gaming, including expert commentary and interviews with top players. Esports will also feature articles, scores, team rosters, schedules, player rankings, calendars and statistics. Your current subscription does not provide access to this content. Pl..>> view originalEnergy CEO McClendon dies in Oklahoma car crash, a day after indictment
OKLAHOMA CITY Aubrey McClendon, a brash risk-taker who led Chesapeake Energy Corp to become one of the world's biggest natural gas producers, died in a single-car crash on Wednesday one day after being charged with breaking federal antitrust laws, police said. He was 56.The U.S. Department of Justice on Tuesday announced that McClendon had been indicted for allegedly colluding to rig bids for oil and gas acreage while he was at Chesapeake, a central player in the U.S. fracking revolution of t..>> view originalExclusive: Sports Authority CEO talks about the chain's post-bankruptcy future
The Denver Post sat down with Sports Authority CEO Michael Foss for an exclusive interview about the Englewood-based sporting goods retailer's Chapter 11 bankruptcy protection filing and how the future might look for the fourth largest U.S. sporting goods chain. Here are some excerpts from that conversation:What Sports Authority's store base looks like at this point:"We ended 2015 with roughly 464 stores. We're really, if you sit back, we're the product of a merger of about five major sporting..>> view originalAmerican airlines compete for Cuba flights
NEW YORK - U.S. airlines are looking to serve Cuba primarily from their large hub cities, with Havana being the most popular destination. At least six carriers submitted applications to the U.S. Department of Transportation Wednesday outlining what routes they would like to fly. The government will spend the next few months reviewing the requests and is expected to award the contested Havana routes this summer. Flights to smaller cities — if uncontested and lacking any contentious issues — cou..>> view original
Wednesday, March 2, 2016
Stocks Made Small Gains as Energy Companies Surge and other top stories.
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