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  • Oxford Industries tops 4Q profit forecasts Thursday, 26 Mar 2015 | 4:18 PM ET

    The owner of the Tommy Bahama, Lilly Pulitzer, Ben Sherman, Lanier Clothes and Ben Sherman clothing lines posted revenue of $274.5 million in the period, which matched Street forecasts. For the current quarter ending in April, Oxford Industries expects its per-share earnings to range from $1.15 to $1.25. Analysts surveyed by Zacks had forecast adjusted...

  • ATLANTA— In the political uproar over Common Core, various myths are peddled as fact. Rand Paul slams "rotten to the core" propaganda forced on children by an initiative that has no curriculum at all. Even so, the 2016 GOP presidential prospects who are criticizing Common Core have a point— if an overstated one— when they dispute the notion that it is strictly a...

  • NEW YORK, March 25- A forecast model from the Federal Reserve of Atlanta on Wednesday suggested the U.S. economy is barely growing in the first quarter following an unexpectedly steep 1.4 percent drop in durable goods orders in February. "Following this morning's advance report on durable goods manufacturing from the U.S. Census Bureau, the nowcasts for real...

  • Bosses can't get even when staffers gripe on social media Wednesday, 25 Mar 2015 | 11:05 AM ET

    NEW YORK— Bosses can get mad when staffers vent on social media about their jobs, but they may not be able to get even. When one of Bert Martinez' employees posted gripes about her job and the boss on Facebook last year, the publicist consulted his lawyer, who said the staffer couldn't be fired. "The first lesson I learned is, employees are allowed to vent," says Martinez,...

  • Justices revive ex-UPS worker's pregnancy bias lawsuit Wednesday, 25 Mar 2015 | 10:06 AM ET

    WASHINGTON— The Supreme Court gave a former UPS driver another chance Wednesday to prove her claim of discrimination after the company did not offer her lighter duty when she was pregnant. The justices on Wednesday sided 6-3 with former driver Peggy Young in throwing out lower court rulings that rejected her lawsuit. Atlanta- based UPS Inc. maintained that it...

  • March 25- Emergent BioSolutions Inc said the U.S. Food and Drug Administration approved its treatment for inhaled anthrax, triggering a $7 million milestone payment from the Department of Health and Human Services. Emergent Bio developed the treatment, Anthrasil, as part of a $160 million contract it signed in 2005 with the Biomedical Advanced Research and...

  • Ocwen plans to sell $25B portfolio to Nationstar Tuesday, 24 Mar 2015 | 8:31 AM ET

    ATLANTA— Ocwen Financial plans to sell a portfolio of approximately $25 billion in mortgage servicing rights to a subsidiary of Nationstar Mortgage Holdings Inc.. The portfolio includes about 142,000 loans owned by Freddie Mac and Fannie Mae. It needs approval from Freddie Mac, Fannie Mae and the Federal Housing Finance Agency.

  • HD Supply reports 4Q loss Tuesday, 24 Mar 2015 | 6:21 AM ET

    ATLANTA _ HD Supply Holdings Inc. on Tuesday reported a loss of $93 million in its fiscal fourth quarter. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share. For the current quarter ending in April, HD Supply expects its per-share earnings to range from 25 cents to 31 cents.

  • Parents seeking urban lifestyles for kids Tuesday, 24 Mar 2015 | 3:26 AM ET

    SEATTLE— A small but growing number of parents are bucking a trend when it comes to raising their kids: Rather than move to suburbs as their parents once did, many are opting to stay in or near downtown. Parents in cities across the country, including Seattle, Minneapolis and Denver, are banding together to advocate for new downtown schools, more playgrounds and more...

  • WASHINGTON— Remember the Detroit man who walked 21 miles to work? A Brookings Institution report out Tuesday finds the number of jobs within typical commuting range dropped 7 percent between 2000 and 2012 in major U.S. metropolitan areas. Elizabeth Kneebone and Natalie Holmes of Brookings' Metropolitan Policy Program used U.S. Census Bureau data for 96 big...

  • ATLANTA— Graco has agreed to pay a $3 million fine to the government for being too slow to report complaints about difficulty opening car seat buckles. The company also must spend $7 million on measures to improve child seat safety, including better programs to register seat owners so they can be notified of safety problems and better procedures to identify...

  • Atlantic City rejected by voters on new Monopoly games Thursday, 19 Mar 2015 | 3:10 PM ET

    Atlantic City is where the Monopoly board game began, but voters in a global contest to pick cities for new editions of the 80- year-old game have turned their attention elsewhere. According to results released Thursday— the 80th birthday of Monopoly— Atlantic City, whose streets provided the names for the game's squares when it was created in 1935, did not make...

  • Applications for US jobless aid barely rose last week Thursday, 19 Mar 2015 | 8:32 AM ET

    WASHINGTON— The number of people seeking U.S. unemployment benefits basically held steady last week, as the job market continues to outpace broader economic growth. The Labor Department said Thursday that weekly applications for unemployment aid rose slightly by 1,000 to a seasonally adjusted 291,000. Jobless claims have been subdued for the past two...

  • After 20 years of competing against rival web browsers, Microsoft is gearing up to launch its own alternative to its once-dominant Internet surfing program. Microsoft has built a new web browser designed for the modern web and mobile devices to go with its new Windows 10 operating system that's coming later this year. "They want to be associated with something...

  • Less noticed: One of the companies where he served on the board, Florida timber company Rayonier Inc., faced a flurry of lawsuits not long before his exit. One case alleges that a plant in Georgia violated the Clean Water Act and contaminated the Altamaha River, and five other suits from investors contend the company made false and misleading statements that...

  • Ocwen to sell $9.6 billion in mortgage-servicing rights Wednesday, 18 Mar 2015 | 2:22 PM ET

    NEW YORK— Ocwen said Wednesday that it will sell the mortgage-servicing rights of $9.6 billion worth of loans to a unit of Walter Investment Management. Atlanta- based Ocwen recently reached settlements with regulators in New York and California. Shares of Ocwen Financial Corp. slipped 24 cents, or 2.7 percent, to $8.75 in afternoon trading Wednesday.

  • March 18- Package delivery company FedEx Corp reported a better-than-expected quarterly net profit on Wednesday but forecast full-year earnings below analysts' estimates as it looked for the global economy to grow at a lackluster rate. Memphis- based FedEx also said fuel expenses were reduced by 30 percent due to low oil prices but its international...

  • Starbucks CEO defends 'Race Together' after backlash Wednesday, 18 Mar 2015 | 8:09 AM ET

    NEW YORK— Starbucks CEO Howard Schultz on Wednesday defended the company's new "Race Together" campaign that has been criticized for being naive and even using racial tensions to boost its bottom line. Starbucks also plans to start publishing "conversation guides" on the topic, with questions like "How have your racial views evolved from those of your parents?"

  • Google's moonshots, gender bias at South by Southwest Wednesday, 18 Mar 2015 | 3:01 AM ET

    The head of Google's division talked about testing driverless cars and delivery drones, gender bias in tech was a hot topic and event-goers checked out the latest products and companies on the trade show floor. Some of Google's most secretive projects like Google Glass and driverless cars have come out of its five-year-old division, so attendees flooded in...

  • BOSTON— A pickup truck has struck an empty Southwest jet parked at Boston's Logan International Airport, but no injuries have been reported. Dallas- based Southwest Airlines Co. says the truck belonged to another carrier. As a result, Southwest Flight 771 to Atlanta with 119 customers was delayed about 2 1/ 2 hours.