CNBC's Mandy Drury looks back at the week's top business and financial stories. The Lumber Liquidator CEO resigns. LA agrees to raise its minimum wage, and egg prices have nearly tripled because of the bird flu.» Read More
Stocks pared some losses Thursday afternoon as oil prices flattened out. Putting pressure on stocks today was a quartet of dismal news: a rise in jobless claims, oil's resurgence, Wal-Mart's sales miss and AIG's wider-than-expected loss.
Brett Favre hasn't even taken a snap as a member of the New York Jets and yet his new jersey is being snapped up at unprecedented levels.
The next generation of gamer now has the same opportunity to develop early arthritis. The game is called "Beijing 2008" and its developed by Sega for XBox 360 and Playstation 3.
Stocks opened lower, clipped by a quartet of dismal news: a rise in jobless claims, oil's resurgence, Wal-Mart's sales miss and AIG's wider-than-expected loss. But a better-than-expected report on home sales helped shave a few points off the decline.
Early July sales results from retailers have been disappointing, with many falling short of analyst estimates. It also appears that the benefit from tax rebate checks is beginning to wane.
Stock futures fell further after a report showed jobless claims unexpectedly rose last week. Futures had already been pointing lower as oil rose nearly $3 a barrel, Wal-Mart missed sales estimates and Dow component AIG posted a wider-than-expected loss.
Over the past 17 seasons, Favre has sold more jerseys than any player in NFL history. Favre finished the season ranked No. 3 in jersey sales. There was not a single Jets player in the top 20 best selling jerseys last year.
Nine-time gold medalist Carl Lewis will always be remembered for what he did on the track. Unfortunately, he'll also be remembered for what some might call the worst public singing of our National Anthem.
Investors will get a glimpse of how much cash-strapped consumers are willing to spend in the key back-to-school shopping season when major U.S. retail chains release July sales results Thursday.
U.S. sales of clothes and shoes fell in July as cash-strapped consumers cut back spending further to pay for nondiscretionary purchases such as food and gasoline, MasterCard Advisors said in a report Wednesday.
For the second straight Summer Olympiad, swimsuit maker Speedo is floating a $1 million prize to Michael Phelps if he ties Mark Spitz's 1972 gold medal record of seven gold medals in a single Olympics.
The July sales rate dropped to it's lowest level since April of '92. Last month, the sales pace was 12.55 million. More than a million units slower than June. And unlike June nearly every automaker was down in July.
Australian retail sales took their biggest fall in six years in June, stirring fears the economy was slowing far more rapidly than policy-makers had planned and fanning talk of early cuts in interest rates.
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Billions of dollars are stolen from grocery stores every year, but it's not because of shoplifting. The money walks out the door right at the cash register, where employees are using a scheme called "sweethearting," or giving away merchandise by not scanning it. Now, there's a video security system that can stop it.
Shoemaker Crocs on Thursday cut its profit and revenue forecasts for the second quarter and full year, sending the company's shares spiraling by more than 50 percent in extended trading.
Amazon.com's quarterly net income doubled from a year ago and beat Wall Street targets, though much of the gain was related to the sale of European DVD rental assets, confusing some investors.
If Favre is traded to the Carolina Panthers, there could be some money involved with getting the No. 4. That’s because the man who wears No. 4 is their kicker John Kasay, who was drafted in the same draft as Favre (1991) and is the last standing original Panther.
Costco Wholesale, the No. 1 U.S. warehouse club operator, warned on Wednesday that quarterly profit would miss current Wall Street targets because of soaring energy costs and other inflationary pressures, sending its shares down more than 8 percent.
U.S. parents with school-aged children will spend more on back-to-school merchandise this year, helped by tax rebates, but spending for back-to-college will fall as students struggle with the spike in gas prices, according to a survey released Tuesday.