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  • Savers stores agree to changes after sued by Minnesota AG Thursday, 25 Jun 2015 | 11:58 AM ET

    MINNEAPOLIS— The Savers thrift store chain has agreed to improve transparency and will not solicit non-clothing donations without compensating charities as part of a settlement with Minnesota Attorney General Lori Swanson. Swanson said the agreement, approved Thursday in Hennepin County District Court, requires enhanced transparency about the amount...

  • FRANKFURT, June 25- The top executives of many a corporate giant must feel like the fictional character Gulliver, waking up to find themselves under attack from modern-day Lilliputians, small start-up companies which overwhelm their established rivals with new technologies. "Not just lone companies, but entire industries are being side-swiped by these...

  • WASHINGTON, June 18- The U.S. current account deficit widened in the first quarter to its highest level since 2012 likely due to the negative impact of a strong dollar on overseas profits and exports. The Commerce Department said on Thursday the current account deficit, which measures the flow of goods, services and investments into and out of the country,...

  • *New York state factory activity gauge falls in June. WASHINGTON, June 15- U.S. industrial production unexpectedly fell in May as manufacturing and mining activity remained weak, a sign that a strong dollar and spending cuts in the energy sector continued to constrain economic growth. The challenges of the stronger dollar and drop in energy prices linger, "said...

  • Ollie's IPO filing follows the successful market debuts of retailers such as party goods chain Party City Holdco Inc and crafts marketplace Etsy Inc earlier this year. Party City's shares rose roughly 23 percent in their debut on April 16, while Etsy's shares more than doubled in their debut on the same day. Through Friday's close, Party City's shares have...

  • Deep discount retailer Ollie's files for IPO Monday, 15 Jun 2015 | 12:19 PM ET

    June 15- Deep discount retailer Ollie's Bargain Outlet Holdings Inc filed with U.S. regulators on Monday for an initial public offering of common stock. The Harrisburg, Pennsylvania- based company, known for the signature catch phrase "good stuff cheap," has 181 retail stores across the United States. J.P. Morgan, Jefferies, Bofa Merrill Lynch, Credit Suisse and...

  • *New York state factory activity gauge falls in June. WASHINGTON, June 15- U.S. industrial production unexpectedly fell in May as manufacturing and mining activity remained weak, a sign that a strong dollar and spending cuts in the energy sector continued to constrain economic growth. Looking ahead, production is likely to stabilize when the oil industry...

  • Factory orders fall 0.4 percent in April. WASHINGTON, June 2- New orders for U.S. factory goods fell in April on weak demand for transportation equipment and other goods, suggesting that manufacturing remained constrained by a strong dollar and spending cuts in the energy sector. Households are gradually boosting their spending on manufactured goods, "said Gus...

  • *Factory orders fall 0.4 percent in April. WASHINGTON, June 2- New orders for U.S. factory goods fell in April as demand for transportation equipment and other goods weakened, suggesting that manufacturing remained constrained by a strong dollar and spending cuts in the energy sector. Households are gradually boosting their spending on manufactured goods, "...

  • *Factory orders fall 0.4 percent in April. WASHINGTON, June 2- New orders for U.S. factory goods unexpectedly fell in April as demand for transportation equipment and a range of other goods weakened, suggesting that manufacturing remained constrained by a strong dollar and spending cuts in the energy sector. New orders for manufactured goods slipped 0.4...

  • *First-quarter GDP revised down to show contraction. *GDP shrinks at a 0.7 percent annual rate. WASHINGTON, May 29- The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity already has rebounded modestly.

  • *First-quarter GDP revised down to show contraction. *GDP shrinks at a 0.7 percent annual rate. WASHINGTON, May 29- The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls and a resurgent dollar, but activity has rebounded modestly.

  • SHANGHAI, May 25- China will slash import tariffs on consumer goods including skincare products, Western-style clothes and diapers from June, potentially giving a fillip to global brands and bolstering domestic consumption amid faltering economic growth. China retail sales rose 10 percent last month, but eased from March as data showed that China's economy...

  • SHANGHAI, May 25- China will lower import taxes on some consumer goods including skincare products, Western-style clothing and diapers starting from June 1, to help bolster domestic consumption as authorities step up efforts to prop up a faltering economy. The decision follows a statement by China's State Council, the country's Cabinet, in April that it would...

  • SHANGHAI, May 22- Apple Inc is planting trees, Mars may move to' zero carbon' and Foxconn Technology Co Ltd is spending millions of dollars to give its factories a' green' makeover, as companies operating in China face tighter rules on pollution. "China's environmental law is becoming one of the strongest in the world," said Manuel Baigorri, senior director of...

  • Flooring retailer Lumber Liquidators' CEO resigns Thursday, 21 May 2015 | 8:38 AM ET

    May 21- Hardwood flooring retailer Lumber Liquidators Holdings Inc said Chief Executive Robert Lynch had resigned unexpectedly, sending its shares down 17 percent in premarket trading on Thursday. The company named founder Thomas Sullivan as acting CEO. Lumber Liquidators is facing U.S. government investigations after CBS's "60 Minutes" show alleged that...

  • Ralph Lauren Corp suffers setback in U.S. trademark fight Wednesday, 13 May 2015 | 4:43 PM ET

    NEW YORK, May 13- Ralph Lauren Corp lost some ground on Wednesday in its long-running trademark fight with the United States Polo Association over the use of its logo depicting a horse-mounted polo player swinging a mallet. The 2nd U.S. Circuit Court of Appeals in Manhattan ruled that the Polo Association cannot be held in contempt for selling sunglasses with a...

  • May 7- Hardwood retailer Lumber Liquidators Holdings Inc said it would suspend sales of all laminate flooring sourced from China, following allegations that the products contained excessive levels of cancer-causing formaldehyde. Lumber Liquidators' shares rose as much as 7.2 percent in early trading on Thursday. "Despite the initial positive air quality...

  • North Korea launches e-shopping despite no Internet Wednesday, 6 May 2015 | 7:14 AM ET
    North Korean leader Kim Jong Un smiles during a visit to the Chonji Lubricant Factory, in this undated photo.

    Online shopping has arrived in North Korea, even though citizens of the isolated country have no access to the Internet.

  • WASHINGTON, May 4- New orders for U.S. factory goods recorded their biggest increase in eight months in March, boosted by demand for transportation equipment, but the underlying trend remained weak against the backdrop of a strong dollar. The report on Monday from the Commerce Department was the latest indication that the rebound from the first quarter's...