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  • NEW YORK— Shares of G-III Apparel Group Ltd. are surging in Wednesday premarket trading following a strong quarterly performance and raised full-year forecast on strong sales of Calvin Klein and other brands. Analysts polled by Zacks investment Research expected earnings of 7 cents per share on revenue of $404.7 million. KeyBanc Capital Markets' Edward...

  • Wendy's to buy back stock, move will trim Peltz's stake Wednesday, 3 Jun 2015 | 8:53 AM ET

    NEW YORK— The Wendy's Co. board of directors approved a new $1.4 billion stock buyback plan that will also trim Chairman Nelson Peltz's stake in the company. The remaining $211 million will be bought from board members Nelson Peltz, Peter W. May and Edward P. Garden, along with investment funds managed by Trian Fund Management L.P.. It expects adjusted profit of 31...

  • NEW YORK— AutoNation Inc. said new auto sales rose 5 percent in May on strong results from domestic and high-priced luxury vehicles. Fort Lauderdale, Florida- based AutoNation said it sold 31,777 new vehicles in May. AutoNation owns and operates 293 new vehicle franchises, selling 35 brands across 15 states.

  • Today, it is Warsaw's Soho Factory, a hip new space of exhibitions, offices and restaurants. Taking inspiration from SoHo and the Meatpacking District in New York City, entrepreneur Rafal Bauer saw "soul" in a pile of dilapidated brick buildings sinking into the ground in Warsaw's gritty Praga neighborhood and transformed them into a creative space whose...

  • CHARLESTON, W.Va.— Blackhawk Mining LLC is offering to buy most of bankrupt Patriot Coal Corp.' s assets. Patriot has eight active mining complexes in West Virginia and employs about 2,900 people, most of them non-union. The Blackhawk proposal doesn't involve Patriot's Federal No. 2 mine in northern West Virginia.

  • Pros and cons of freelancing for workers and companies Wednesday, 3 Jun 2015 | 5:03 AM ET

    NEW YORK— Thinking of making the leap to freelance, or hiring an independent contractor? Here are some pros and cons to keep in mind:. —More control over the work you do.

  • NEW YORK— If you want an income, or you're an employer looking for help, it may be time to scrap the idea of the traditional 9- to-5 arrangement. For workers, it's become easier and less risky to go solo. In 2013, 23 million people were self-employed, according the U.S. Census Bureau.

  • NEW YORK— Upgrading your phone is no longer as simple as paying $100 or $200 and extending your service contract by two years. With contract plans, you're paying $40 to connect a smartphone. With full-price or leasing plans, you're paying $15 or $25.

  • LA could become latest US city to pass $15 minimum wage Wednesday, 3 Jun 2015 | 2:35 AM ET

    Seattle and San Francisco recently passed laws to reach the same minimum wage over several years, and Chicago passed one last year that plateaus at $13. Earlier this week, the California Senate approved a plan to again raise the statewide minimum wage, lifting it to $13 an hour in 2017 and tying it to the rate of inflation after that. New York City Mayor Bill de Blasio...

  • NEW YORK, June 2- A federal judge on Tuesday ruled largely in favor of the trustee seeking potentially hundreds of millions of dollars for Bernard Madoff's victims in 233 lawsuits that sought to recoup alleged fictitious profits generated by the Ponzi schemer's firm. Bankruptcy Judge Stuart Bernstein in Manhattan said trustee Irving Picard could try to claw...

  • Madoff trustee largely prevails in 233 lawsuits Tuesday, 2 Jun 2015 | 6:23 PM ET

    NEW YORK, June 2- A federal judge on Tuesday ruled largely in favor of the trustee seeking millions of dollars for Bernard Madoff's victims in 233 lawsuits that sought to recoup alleged fictitious profits generated by the Ponzi schemer's firm. Bankruptcy Judge Stuart Bernstein in Manhattan said the trustee Irving Picard could try to claw back money that...

  • VIENNA, June 2- Core Gulf OPEC members and others have a consensus to keep the organization's oil production ceiling intact at its meeting this week, a senior Gulf OPEC delegate told Reuters on Tuesday, reinforcing a view among a growing chorus of members. Most members expect OPEC to stand by its decision to keep pumping out oil at current rates at its meeting on...

  • NEW YORK, June 2- Oil prices rose on Tuesday, driven by a weak dollar and expectations that U.S. crude supplies could have fallen last week for a fifth straight week. But the American Petroleum Institute estimated an inventory build instead, in a report released after the market's settlement, causing oil to pare some of its earlier gains. The government-run Energy...

  • ABM Industries beats 2Q profit forecasts Tuesday, 2 Jun 2015 | 5:10 PM ET

    NEW YORK _ ABM Industries Inc. on Tuesday reported fiscal second-quarter earnings of $18.3 million. ABM Industries expects full-year earnings in the range of $1.75 to $1.85 per share. ABM Industries shares have risen 13 percent since the beginning of the year.

  • Health care enrollments by state Tuesday, 2 Jun 2015 | 5:02 PM ET

    Source: U.S. Department of Health and Human Services.

  • JPMorgan has ended voicemail services for roughly half of its roughly 136,000 consumer bank employees, in an effort to save money and in recognition that voicemail is slowly being replaced by text messages and emails. In some company departments that only interact with other bank employees, as many as 90 percent of employees no longer have voicemail, JPMorgan...

  • Warner Bros. announced Tuesday that Eastwood will direct and produce the not-yet-titled drama as his next film. The Oscar-winning "American Sniper," starring Bradley Cooper as Navy SEAL Chris Kyle, made $543.4 million globally for Warner Bros. and became the top domestic release of 2014.. "Simply put, Clint Eastwood is at the top of his game, not to mention a global...

  • At JPMorgan, voicemail deemed obsolescent Tuesday, 2 Jun 2015 | 4:29 PM ET

    NEW YORK, June 2- Voicemail is going the way of the typewriter, at least at JPMorgan Chase& Co.. The Wall Street bank is eliminating voicemail for thousands of employees who do not take calls from customers, at a savings of $10 a month per person, Gordon Smith, chief executive of the company's consumer banking operations, said at an investor conference on Tuesday.

  • June 2- U.S. stocks eased on Tuesday as a jump in bond yields hit utilities and other top dividend payers, but energy gains and optimism Greece is near a deal with creditors limited losses. "Today the utilities are way underperforming, obviously because people are thinking rates are going to go up sooner rather than later," said Uri Landesman, president of Platinum...

  • Dollar General and Delta are big market movers Tuesday, 2 Jun 2015 | 4:26 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Dollar General Corp., up $2.17 to $74.98. TravelCenters of America LLC, up 76 cents to $16.52.