Nordstrom Inc. said Thursday its first-quarter net income fell 3 percent, hurt by weak demand for spring merchandise and softer performance in the Northeast and Midwest.
Steady job gains and a recovering housing market are driving the economy and helping offset deep federal spending cuts that threaten growth, Conference Board economist says.
The less volatile four-week average rose just 1,250 to 339,250, the Labor Department said Thursday. That's a level consistent with modest job gains.
The world's largest retailer reported Thursday that its first-quarter profit edged up just slightly, and the company struggled with a sales slump in its namesake business during the three-month period.
Only two of 13 small SUVs performed well in front-end crash tests done by an insurance industry group, with several popular models faring poorly in the evaluations.
U.S. airlines charged more in fares and fees and reduced debt as they improved their financial performance in the first quarter.
The store hit the 10 billion downloads mark in early 2011 and 25 billion in March 2012. The 50 billion milestone does not include updates or re-downloads.
It highlights the uncertain and rapidly changing ethical landscape facing companies that, like Bloomberg, are reinventing the news business, experts say.
Macy's Inc. reported a 20 percent increase in first-quarter profit even though cool temperatures and economic worries dampened some of its shoppers' spending on spring clothes.
U.S. factories cut back sharply on production in April, as auto companies cranked out fewer cars and most other industries reduced output. The weakness suggests economic growth may be slowing this spring.
Sharp drops in fuel and food costs reduced a measure of U.S. wholesale prices in April by the most in three years. Outside those volatile categories, inflation stayed low.
Confidence among U.S. homebuilders rebounded this month, reflecting improved sales trends during the spring home-selling season and the strongest outlook for sales over the next six months in more than six years.
The recession across the economy of the 17 European Union countries that use the euro extended into its sixth quarter - longer than the calamitous slump that hit the region in the financial crisis of 2008-9.
In 1980, Sierra Nevada Brewing Co. founder Ken Grossman effectively put the Cascade hop of Yakima on the map. More than three decades later, Washington State University researchers studying optimal brewing qualities with that same hop recently interned with Sierra Nevada master brewers to hone their brewing skills and learn advanced brewing methods that are being pioneered by American craft brewers.
Idaho's potato industry is gazing north of the U.S. border to a tiny Canadian apple breeder for a sign of how the public may embrace a genetically modified potato proposed for commercialization by the J.R. Simplot Co.
Nordstrom 1st quarter net income slips
Gauge of US economy's future health up in April
US jobless claims jump to highest level in 6 weeks
Wal-Mart's 1Q profit, sales disappoint
Only 2 of 13 small SUVs do well in crash tests
Airlines losses narrowed in 1Q to $552 million
In Bloomberg uproar, ethics flags for new media
Macy's 1st quarter profit rises 20 percent on solid sales
U.S. factory output falls 0.4 percent in April
U.S. wholesale prices fall 0.7 percent, most in 3 years
U.S. homebuilder confidence rises in May from April
Eurozone recession extends into 6th quarter
Washington state hops in high demand; Cougar Ale on the way
Biotech apples may be harbinger for genetically modified spuds (Photo Gallery)