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Costco’s fiscal second-quarter net income fell 15 percent, hurt by softer sales of some non-food items, weaker gross margins in its fresh foods business and the impact of weaker foreign currency exchange rates on its international results. Its latest performance missed Wall Street’s view.
Two advocacy groups often critical of corporate advertising tactics on Thursday urged the Girl Scouts of the USA to end its partnership with Mattel, the company that makes Barbie dolls. The Girl Scouts’ national headquarters in New York rejected the groups’ appeal.
Stocks mostly rose Thursday, lifted by a report that showed the number of people who filed for unemployment benefits fell last week to the lowest level in three months. The gains were enough to give the Standard & Poor’s 500 index its third all-time high this week.
DETROIT — U.S. safety regulators are demanding that General Motors turn over reams of documents and other data showing what the company knew and when it found out about a dangerous ignition problem that has been linked to 13 car-crash deaths. The National Highway Traffic Safety Administration is investigating how GM handled the problem, which triggered the global recall of 1.6 million older-model compact cars. GM has acknowledged it knew of the ignition troubles a decade ago but didn’t recall the cars until last month.
About three dozen passengers who sailed on the ill-fated Carnival Triumph cruise ship that drifted at sea for days are hoping to collect thousands of dollars apiece as a result of lingering medical and mental problems they say were caused by their nightmarish experience.
A northern Michigan ice cream maker is recalling a flavor that’s sold at many Aldi stores in Illinois and Indiana and may contain nuts.
Walgreen Co. said Wednesday that same-store sales rose last month, boosted by stronger growth at its pharmacies and an increase in the number of flu shots it administered.
Calm returned to the stock market Wednesday after two days of volatile trading. The Standard & Poor’s 500 index traded within a range of about five points, or about a quarter of a percentage point for the whole day, before ending a fraction lower.
Target Corp. chief information officer Beth Jacob is resigning effective Wednesday as the retailer overhauls its information security and compliance division in the wake of a massive pre-Christmas data breach. Jacob had been in her current role since 2008 and oversaw teams in the U.S. and India.
A new study shows that the top 10 global automakers amassed more than $221 billion in cash by the end of 2013 to invest in new products, strategic alliances and other growth strategies.
American Eurocopter has changed its name to Airbus Helicopters Inc. and will begin manufacturing a new commercial helicopter in Columbus, Miss.
Pilots for US Airways are suing to have an arbitrator settle a standoff with American Airlines pilots over seniority rights as the two carriers are combined.
U.S. home prices rose in January after three months of declines. A tight supply of homes might have helped boost prices and offset sales slowed by cold weather.
Relieved investors sent stocks sharply higher on Tuesday after Russia pulled troops back from the border of Ukraine. The rally pushed the Standard & Poor’s 500 index to an all-time high, erasing steep losses from Monday, when investors feared that the confrontation between Russia and Ukraine would escalate or even lead to a war.
RadioShack plans to close up to 1,100 of its underperforming stores in the U.S. and reported a wider loss for its fourth quarter as customer traffic slowed during the critical holiday season.