Staples is investigating a possible breach of payment card data and has contacted law enforcement about the matter.» Read More
Moments ago on the Staples conference call...the CEO says he that he was cautious about the consumer last quarter and now that's progressed to "worried" about the consumer. The retail business is particularly weak in Florida (Tampa, Orlando) and California.
Next week, Michael Vick will plead guilty for his connection with crimes related to dogfighting. It’s not known how long he’ll go to jail for or what the NFL will do, but I will say this, how bad of a hit the Atlanta Falcons take financially will totally be dependent on how well they can do on the field over the next 3 to 5 seasons.
With a grand jury scheduled to meet Monday and Atlanta Falcons quarterback Michael Vick reportedly exploring plea options on his dogfighting charges, we're making this blog today an all All-Vick Edition: What will be Vick's legacy when all of this is over? Vick's Wikipedia entry currently has 4,570 words on his playing career (including high school, college and the NFL) and 3,030 words on his dogfighting charges.
Last week, we started a new weekly segment called TechCheck, sponsored by AT&T, that will air each Friday on "Closing Bell" in the 4p ET hour. The 60-second spot is a quick, entertaining look at some of the stories the tech community is talking about from the world of technology. Stories that I might not have a chance to get to on the air during the week, but are still worth a mention because they're interesting and/or fun.
At CNBC we use -- among others -- a couple of primary business news wire services -- NewsEdge, part of Thomson, and Relegence, part of AOL.
From the first day I heard that Dale Earnhardt Jr. was negotiating to get his No. 8 back from his mother and DEI, I wondered why. I know he has been connected with that for a long time, but this was part of a change -- not only a new team, but a new sponsor and likely, along with that, a new color.
Japanese department stores Isetan and Mitsukoshi have agreed to merge under a holdingcompany in spring 2008, creating the sector's largest player, the Nikkei business daily reported on Friday.
Kathy Ireland… maybe you recognize her? It was hard to miss her between 1984 and 1994, a 10 year streak during which she appeared in every issue of the Sports Illustrated swimsuit edition. Not to mention her appearances on countless magazine covers, including Glamour, Cosmopolitan and Harper's Bazaar. She was traveling the world by the age of 17, modeling in exotic locations and quickly reached "supermodel" fame.
Kohl's posted higher second-quarter profit on Thursday, helped by strong back-to-school sales. The retailer reported earnings of $269.2 million, or 83 cents per share, for the three months ended Aug. 4, compared with $232.4 million, or 69 cents per share, in the year-ago period.
"Transformers" must really have been a huge hit -- isn't imitation the sincerest form of flattery? Since the rights to Transformers are already sold, Hollywood is looking to the next best thing. New Regency is negotiating with the Mark Gordon Co. to bring to the big screen "Voltron: Defender of the Universe," a 1980s Japanese animated TV series.
Upscale department store Nordstrom reported higher quarterly net profit on Thursday as sales at stores open at least a year were higher than expected.
J.C. Penney said on Thursday quarterly profit inched up 1.7%, helped by back-to-school sales and the introduction of new private-label brands.
Australian conglomerate Wesfarmers on Thursday outlined its restructuring plans for takeover target retailer Coles Group, planning to create three new business divisions and targeting supermarket store sales growth of 3% - 3.5%.
You can always count on Nielsen/Net Ratings to let you know exactly how huge a pop culture issue actually is. Michael Moore's film, Sicko, released back on June 29 -- is still making waves online. Web traffic to blogs discussing Sicko reached 1.2 million unique visitors in May. By June traffic was down to 814,000, though people are still visiting related websites, especially as the presidential political debate on health care heats up.
Pet supplies retailer Petsmart said after U.S. markets closed Wednesday that its second-quarter net profit rose 36 percent, helped by one-time gains.
Memorabilia producer and trading card maker Upper Deck has signed Boston Red Sox pitcher Daisuke Matsuzaka to an exclusive memorabilia and autograph deal. Sources tell CNBC it's a one-year deal.
Believe me, I think by suspending Michael Vick and suspending the release of his shoe, Nike has done enough to disassociate itself with Michael Vick. But if they wanted to terminate him, they can do so without any financial penalty. That's right, sources are telling me now that Nike has a clause in the contract that says that if Vick is indicted, Nike can terminate him unilaterally.
As many of you know Electronic Arts' "Madden 08" came out last night. You can find the reviews everywhere else. But I'm here to review only one thing: The rings you can get in the game. They are unbelievable. These things are going to be the most surprising success of this franchise.
TJX said its second-quarter profit was cut by more than a half as the discount retailer recorded a $118 million charge due to costs from a massive breach of customer data, mostly to build up a reserve to cover estimated future expenses.
Wal-Mart Stores Tuesday posted quarterly sales and profit that fell short of expectations, and lowered its earnings forecast, saying that customers remain under economic pressure. Chief Executive Lee Scott blamed the disappointing performance on economic pressure around the world.