×

Wires

  • The company said it expected one-time costs of about $20 million to $25 million mainly in the third quarter, and that it would save about $30 million on a yearly basis. Macy's also named former eBay Inc executive Hal Lawton as president, effective Sept. 8. The restructuring will merge three units merchandising, planning and private brands into one division, which...

  • NEW YORK— Macy's says it has hired a senior eBay Inc. executive as president and is further streamlining its organization to make it more nimble in the face of increased competition. Hal Lawton will become president of Macy's on Sept. 8. He will report to Macy's CEO Jeff Gennette, who had previously held that role.

  • NEW YORK, Aug 21- A majority of Americans think Confederate monuments should be preserved in public spaces, according to a Reuters/Ipsos opinion poll, a view that is at odds with efforts in many cities to remove them. Cities across the United States are debating what to do with hundreds of statues, plaques and other monuments to the slave-holding Confederacy.

  • LOS ANGELES— The Los Angeles Times' parent company is bringing in a new publisher, editor and other top newsroom managers in a shake-up it says is part of a plan to move one of the nation's flagship newspapers more quickly into the digital age. The Times reported Monday that its Chicago- based parent company, Tronc, named veteran media executive Ross Levinsohn as the...

  • S&P 500 stock index ended up slightly on Monday after two days of declines, though a drop in oil prices weighed on energy shares and tensions between the United States and North Korea kept investors on edge. Market participants began to turn their focus to the Federal Reserve meeting at Jackson Hole, Wyoming later this week which will be attended by Fed Chair...

  • TORONTO, Aug 21- Canada's main stock index ended flat on Monday, as sharp gains for several base metal miners and a major bank offset losses for heavyweight energy stocks as crude oil prices turned sharply lower. First Quantum Minerals Ltd jumped 5 percent to C $13.54 after Zambia restored full electricity supply to two of its copper mines over the weekend, after...

  • WASHINGTON, Aug 21- The U.S. National Transportation Safety Board will vote at a Sept. 12 hearing on the probable cause of a May 2016 crash that killed a man using the semi-autonomous driving system on his Tesla Model S sedan, the agency said on Monday. In June, the NTSB said the driver, Joshua Brown, kept his hands off the wheel for extended periods of time despite...

  • CHICAGO, Aug 21- U.S. grain prices fell about 1 percent on Monday, with benchmark Chicago Board of Trade December corn sinking to a nearly one-year low, on technical selling and easing concerns that dry weather would reduce harvests. "There's not many areas left in the United States that will have substantial drought impact, and there's a lack of bullish news," said...

  • Aug 21- U.S. department store chain Macy's Inc said on Monday it would restructure its merchandising operations, which could result in about 100 job cuts. The company said it expected one-time costs of about $20 million- $25 million mainly in the third quarter, and would save about $30 million on a yearly basis. Macy's also named former eBay Inc executive Hal Lawton...

  • NEW YORK, Aug 21- U.S. stock futures trading volume fell during the two hours on Monday that people across a large portion of the United States donned special glasses to catch a glimpse of the first total solar eclipse to unfold across the country in nearly a century. Pacific Northwest to the Atlantic Coast. Yes, I will stop and go outside and check it out in a couple of...

  • LOS ANGELES, Aug 21- Newspaper company Tronc Inc named digital media veteran Ross Levinsohn the new chief executive officer and publisher of the Los Angeles Times as part of a shake-up of senior management, the company said in a statement on Monday. The two men replace Davan Maharaj, who has served as editor and publisher of the Los Angeles Times since March 2016.

  • Aug 21- The S&P 500 ended up slightly on Monday after two days of declines, though simmering tensions between the United States and North Korea kept investors on edge and a drop in oil prices weighed on energy shares. "That confluence of strong growth and low inflation, which is somewhat like nirvana for equity investors, we don't think can last forever," said Wayne...

  • BOULDER, Colo. _ Zayo Group Holdings Inc. on Monday reported fiscal fourth-quarter net income of $23.2 million, after reporting a loss in the same period a year earlier. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 13 cents per share. Zayo Group shares have climbed slightly since the beginning of the year.

  • "We are pleased to have resolve this matter," Deerfield spokesman Jonathan Gasthalter said. The SEC's charges are related to a criminal insider trading case filed in May against four people, including Rob Olan and Ted Huber, who were mostly recently partners at Deerfield. A former Deerfield member who was also charged, Jordan Fogel, previously pleaded guilty.

  • U.S. stock indexes inched higher Monday, as the Standard& Poor's 500 index steadied following back-to-back losses the last two weeks. The S&P 500 rose 2.82 points, or 0.1 percent, to 2,428.37. The Russell 2000 index of smaller-company stocks lost 0.89 points, or 0.1 percent, to 1,356.90.

  • *Dollar falters as N.Korea weighs; Jackson Hole meeting in focus. NEW YORK, Aug 21- A gauge of world stock indexes edged up after touching a 5-1/ 2- week low on Monday as geopolitical uncertainty kept gains in check but metals prices dazzled, helped in part by Chinese demand. U.S. stocks were mixed as tensions simmered between the United States and North Korea.

  • Aug 21- Automatic Data Processing Inc on Monday rejected billionaire investor William Ackman's three proposed board candidates, sparking more criticism from the hedge fund manager who is trying to shake up the human resources outsourcing firm. The latest salvos from both sides all-but-guarantee a proxy battle that could become one of the season's...

  • QUITO, Aug 21- Ecuador's top prosecutor said on Monday he would present evidence of corruption against the country's embattled vice president, who was stripped of his duties by a presidential decree that stopped short of firing him earlier this month. "We will request the National Court of Justice set a hearing date against Jorge Glas, the vice president," Baca...

  • WESTLAKE, Ohio _ Nordson Corp. on Monday reported fiscal third-quarter profit of $101.5 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share. Nordson shares have risen 12 percent since the beginning of the year.

  • WASHINGTON— Figures on government spending and debt in millions of dollars.