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Markets shrug off partial government shutdown
The stock market edged higher in early trading Tuesday as investors shrug off a partial shutdown of the U.S. government.
Walgreen fiscal 4Q profit soars 86%
Walgreen says its fiscal fourth-quarter earnings soared 86 percent, as the nation’s largest drugstore chain booked gains from inventory accounting and its acquisition of a stake in European health and beauty retailer Alliance Boots.
Neiman Marcus offering free shipping, returns
Luxury retailer Neiman Marcus is offering free standard shipping and returns permanently for all domestic purchases made on its websites or at its Bergdorf Goodman and namesake stores.
Republic Airways selling Frontier for $36 million
Republic Airways has agreed to sell Frontier Airlines to an investment firm led by former Spirit Airlines Chairman William Franke for $36 million.
Chrysler US sales rose slightly in September
Chrysler says its U.S. sales rose 1 percent in September on strong performances from the Jeep Grand Cherokee and Ram pickup.
Cooper Tire shareholders OK $2.2B buyout
Cooper Tire & Rubber shareholders have approved its $2.2 billion acquisition by India’s Apollo Tyres Ltd.
FDA OKs first pre-surgical breast cancer drug
A biotech drug from Roche has become the first medicine approved to treat breast cancer before surgery, offering an earlier approach against one of the deadliest forms of the disease.
Delta picks Microsoft for pilot tablets
Delta Air Lines says it will buy 11,000 Microsoft Surface 2 tablets for its pilots, to replace the heavy bundles of books and maps they haul around now.
American Airlines plans to hire 1,500 pilots
American Airlines says it will hire 1,500 pilots over the next five years. That’s in addition to recalling all of the airline’s pilots who have been furloughed.
Macy’s to hire 83,000 seasonal hires
Department store operator Macy’s Inc. says it plans to hire about 83,000 seasonal hires for the bustling holiday season, up 3.8 percent from last year. The seasonal workers will work in Macy’s stores, call centers, distribution centers and online fulfillment centers.
Airlines promise a return to civility, for a fee
Airlines are introducing a new bevy of fees, but this time passengers might actually like them. Unlike the first generation of charges which dinged fliers for once-free services like checking a bag, these new fees promise a taste of the good life, or at least a more civil flight.
IKEA starts selling solar panels for homes
Swedish flat-pack furniture giant IKEA will start selling residential solar panels at its stores in Britain, the first step in its plan to bring renewable energy to the mainstream market worldwide.
Stocks fall as government heads toward shutdown
Stocks closed lower Monday as Wall Street braces for a government shutdown. Lawmakers have until midnight Tuesday to reach a budget deal that would keep government in full operation.
Shutdown impact: Tourists, homebuyers hit quickly
WASHINGTON (AP) — A government shutdown would have far-reaching consequences for some, but minimal impact on others. The mail would still be delivered and Social Security and Medicare benefits would continue to flow. But vacationers would be turned away from national parks and Smithsonian museums. …
How budget showdowns could squeeze the US economy
Unless Congress acts before Tuesday to fund federal spending, some of the government would shut down. Separately, the government will run out of money to pay its bills by late October unless Congress raises the federal borrowing cap. Here are questions and answers about how the two standoffs could affect the economy and financial markets.
