Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Shares of DSW rose more than 20 percent on Tuesday after the company posted quarterly results that easily topped analyst expectations.
The footwear retailer reported adjusted fiscal second-quarter earnings of 63 cents a share on revenue of $795.3 million. Analysts polled by Reuters expected a profit of 46 cents a share on sales of $689.4 million. Earnings grew by 65.8 percent from the year-earlier period and revenue increased by 16 percent.
The results sent DSW's stock up 20.2 percent, its best day since its 2005 IPO. That day, the stock shot up 26.8 percent.
DSW's results were boosted by much better-than-expected same-store sales, which is a key number for retailers. Same-store sales rose 9.7 percent last quarter, surpassing a Reuters forecast of 2.5 percent growth.
CEO Roger Rawlins said the company's earnings and revenue for the quarter were records. "Our merchandise strategy and marketing investment fueled strong customer engagement, traffic and transaction activity," he said. "The strong results we've had this spring demonstrate we're successfully activating customers and increasing lifetime value."
DSW also said it would close its 38 Town Shoes stores, which are based in Canada, to focus on its three largest retail banners: Shoe Company, Shoe Warehouse and DSW Designer Shoe Warehouse. The company said the consolidation would be "slightly accretive" this year.
The company's stock has been on fire this year. Entering Tuesday's session, it was up 27 percent for 2018.