Longchamp's performance comes as sales growth has slowed in the luxury goods sector, hit by weaker demand in China and low oil prices reducing Russia and Middle Eastern purchasing power. Longchamp, which opened three stores in mainland China bringing the total number to 25, said sales there had risen 30 percent at constant currencies, a growth level...» Read More
WELLINGTON, New Zealand-- Australia granted Mike Tyson a visa Wednesday, one week after New Zealand barred the former heavyweight boxing champion from entering that country due to his 1992 rape conviction.
WASHINGTON-- U.S. wholesalers increased their stockpiles in August and their sales rose for the first time in four months. The Commerce Department said Wednesday that wholesale stockpiles grew 0.5 percent in August after a 0.6 percent increase in July.
PARIS-- French and Spanish leaders say that the 17- country eurozone has all the tools it needs to solve its debt crisis and just needs to put its promises into action.
KINGSTON, Jamaica-- The two houses of Jamaica's Parliament held a special joint sitting Tuesday to honor former Prime Minister Edward Seaga, a major player in national politics for decades and the only survivor of the leaders who drafted the constitution when the Caribbean island gained independence from Britain in 1962..
NEW YORK-- Americans will pay more to heat their homes this winter as they feel something they didn't feel much of last year: cold. But customers will have to use more energy to keep warm than they did a year ago, according to the annual Winter Fuels Outlook from the Energy Department's Energy Information Administration.
LONDON-- A deal to create a European defense and aerospace giant to rival Boeing Co. collapsed Wednesday when BAE Systems and EADS NV called off merger talks in the face of government objections.
LOS ANGELES-- A man arrested at Los Angeles International Airport wearing a bulletproof vest and flame-resistant pants is not cooperating with federal officials working to discover why he was headed to Boston with a suitcase full of weapons, authorities say.
TRENTON, N.J.-- New Jersey homeowners will have more time to apply for property tax credits, but they'll get them later than originally planned. The state on Tuesday announced that it would extend the deadline for applying for Homestead credits to Dec. 14 from Oct. 19. The Treasury Department says the change will allow more people to apply.
DENVER-- Wind turbine manufacturer Vestas Wind Systems is laying off 75 workers at its blade factory in Brighton, Colo.. The announcement on Tuesday comes after the company cut 30 jobs in Brighton and 90 at its tower factory in Pueblo.
DES MOINES, Iowa-- Wading into an explosive social issue, Republican Mitt Romney on Tuesday said he would not pursue any abortion-related legislation if elected president. "There's no legislation with regards to abortion that I'm familiar with that would become part of my agenda," he told the Des Moines Register in an interview posted on the newspaper's website.
LOS ANGELES-- California gas prices finally have begun to fall after a month that saw them surging by nearly 50 cents a gallon _ but a continuing refinery shutdown may keep supplies short. The AAA Daily Fuel Gauge Report says the average price of regular Wednesday is less than $4.67 a gallon, down a half-cent from Tuesday.
CHARLESTON, W.Va.-- The Associated Press decided not to cover the West Virginia gubernatorial debate Tuesday because of restrictions placed on media coverage by its organizers.
LOS ANGELES-- Brian Wilson says he felt blindsided by a news release from his Beach Boys band mate Mike Love that ended the good vibrations on the band's 50th anniversary tour. Wilson answered Mike Love's recent explanation in The Los Angeles Times with a response in the newspaper Tuesday.
LONDON-- A deal to create a European defense and aerospace giant to rival Boeing Co. collapsed Wednesday when Britain's BAE Systems and EADS NV called off their merger discussions. The proposed merger between BAE and Franco-German EADS, the parent of Airbus, would have created a company, with a market value just shy of Boeing's.
SAN JOSE, Calif.-- Cypress Semiconductor Corp. said Wednesday that it completed its initial tender offer for shares of chipmaker Ramtron International Corp.. Cypress agreed to buy Colorado Springs, Colo.- based Ramtron in September for $3.10 per share, or a total of about $109.8 million, after lower bids were rebuffed by the company's board.
RIO DE JANEIRO-- The one-time right-hand-man of popular former Brazilian President Luiz Inacio Lula da Silva was found guilty on a corruption charge by a majority of 10 Supreme Court justices Tuesday, who ruled he orchestrated a widespread cash-for-votes scheme that came to light seven years ago.
NEW YORK-- Stocks are opening lower on Wall Street as the season of corporate earnings reports begins. Alcoa stock is opening slightly lower. Alcoa is down 12 cents at $9.01.
RALEIGH, N.C.-- A farm business is giving North Carolina State University $10 million for its poultry science program. School officials announced the gift from Prestage Farms in Clinton, N.C. on Tuesday. The program will be renamed the Prestage Department of Poultry Science.