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NEW YORK— New York is increasingly becoming chain store city. "To me, the streetscape of New York City is what sells New York City. "Yes, they go to Times Square, but then they get so excited when they go to Little Italy or Chinatown.... that's what makes New York."
BLOOMFIELD HILLS, Mich.— A. Alfred Taubman, the self-made Michigan billionaire whose philanthropy and business success— including weaving the enclosed shopping mall into American culture— was clouded by a criminal conviction late in his career, has died. Taubman, who donated hundreds of millions of dollars to universities, hospitals and museums, died Friday...
April 17- U.S. arms maker Raytheon Co has agreed to buy Websense Inc from private equity firm Vista Equity Partners LLC, in a deal that values the network security company at $1.9 billion, including debt, according to people familiar with the matter. Raytheon will combine Websense with its own cybersecurity operations and have an 80 percent stake in the combined...
Vencore's owner, private equity firm Veritas Capital Management LLC, has hired Stone Key Group LLC and Wells Fargo& Co to advise on an auction for the company, three people said on Friday. Veritas Capital and Wells Fargo declined to comment. Veritas Capital bought the company, which was previously called SI Organization Inc, from Lockheed Martin Corp for $815...
Equities lost ground after industrials Honeywell International and General Electric took hits from the strong dollar, while concerns over new trading regulations in China and Greece's place in the euro zone dented sentiment. "Our markets will get kind of quiet again as we wait for some of those earnings and what is going to happen on the 24th with Greece," said...
A line of bike hooks that can unexpectedly detach from their mounting are among this week's recalled consumer products. Other recalls include mattresses that failed flammability standards and truck and motorcycle toys with excessive amounts of lead. They were sold at Home Depot stores nationwide from April 2011 to March 2015.
NEW YORK— Sprint's Boost Mobile business is offering prepaid calling cards for Miami customers who want to call Cuba. Cuba charges some of the world's highest rates for long-distance calling, and calls into Cuba are also among the world's most expensive. The two nations announced a prisoner exchange, and on Tuesday the White House said President Obama will...
NEW YORK— A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:. The shares fell $1.70 or 7.7 percent to $20.29. Celanese Corp.: Approximately 6,642,500 shares changed hands, a 577.1 percent increase over its 65- day average volume.
NEW YORK— A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading:. BRT Realty Trust: Approximately 100 shares changed hands, a 97.0 decrease from its 65- day average volume. The shares fell$. 08 or 1.2 percent to $6.90.
Caterpillar fell $1.06 or 1.3 percent, to $83.28. Deere& Co. fell $1.43 or 1.6 percent, to $87.51. Terex fell$. 37 or 1.3 percent, to $27.27.
DR Horton fell$. 19 or. 7 percent, to $28.27. Hovnanian Enterprises Inc. fell$. 08 or 2.2 percent, to $3.48. Lennar Corp. fell $1.57 or 3.1 percent, to $48.58.
Delta Air fell$. 23 or. 5 percent, to $44.76. JetBlue Airways Corp. fell$. 14 or. 7 percent, to $19.42. Southwest Airlines Co. fell$. 46 or 1.1 percent, to $41.79.
Kelly Services Inc. class A fell$. 22 or 1.3 percent, to $17.22. Korn/Ferry International Inc. fell$. 42 or 1.3 percent, to $32.12. Robert Half International Inc. rose$. 05 or. 1 percent, to $58.72.
Costco Wholesale Corp. fell $2.54 or 1.7 percent, to $144.57. Target fell $1.90 or 2.3 percent, to $80.02. Wal-Mart Stores Inc. fell $1.36 or 1.7 percent, to $77.88.
Kroger fell $1.53 or 2.1 percent, to $71.84. Supervalu fell$. 26 or 2.3 percent, to $11.10. Whole Foods Market Inc. fell$. 55 or 1.1 percent, to $48.81.
Apollo Group rose$. 22 or 1.3 percent, to $17.82. Career Education Corp. fell$. 05 or 1.0 percent, to $4.87. DeVry Education Group Inc. fell$. 15 or. 4 percent, to $35.88.
Coca-Cola Co. fell$. 30 or. 7 percent, to $40.30. Dr Pepper Snapple fell $1.38 or 1.8 percent, to $76.98. Molson Coors Brewing Co. rose$. 06 or. 1 percent, to $76.97.
NEW YORK— Shares of some top telecom companies were down at the close of trading:. AT&T Inc. fell$. 24 or. 7 percent, to $32.51. Verizon Communications Inc. fell$. 37 or. 8 percent, to $48.90.
CVS Health Corp. fell$. 78 or. 8 percent, to $100.39. Rite Aid fell$. 21 or 2.6 percent, to $8.00. Walgreen Boots Alliance Inc. fell $2.56 or 2.9 percent, to $86.96.
ConAgra Foods Inc. fell$. 08 or. 2 percent, to $37.30. General Mills Inc. fell$. 14 or. 2 percent, to $56.09. Hormel Foods Corp. fell $1.11 or 1.9 percent, to $56.35.