Retail industry

August 09, 2018 - 11:08 am
NIWOT, Colo. (AP) — Colorado-based footwear company Crocs Inc. is closing company-owned manufacturing plants in Italy and Mexico by year's end and replacing its chief financial officer. The company announced the outsourcing of additional manufacturing and the closure of a distribution facility in...
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Indian customers stand outside IKEA's first store in India as it opened in Hyderabad, India, Thursday, Aug.9, 2018. Swedish home furnishings giant IKEA opened its first store in India on Thursday, five years after it received approval to invest in the country's single-brand retail sector. (AP Photo/Mahesh Kumar A.)
August 09, 2018 - 4:31 am
HYDERABAD, India (AP) — Band music and loud cheers greeted hundreds of customers as Swedish home furnishings giant IKEA opened its first store in India on Thursday, five years after it received approval to invest in the country's single-brand retail sector. The store in the southern Indian city of...
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FILE- This Dec. 3, 2017, file photo shows a CVS Pharmacy in the Brooklyn borough of New York. CVS Health reports earnings Wednesday, Aug. 8, 2018. (AP Photo/Mark Lennihan, File)
August 08, 2018 - 4:54 am
CVS Health beat Wall Street expectations for the second-quarter, helped by rising prescription sales, though a nearly $4 billion charge from one of the company's businesses led to a loss. The drugstore chain and pharmacy benefits manager said Wednesday that it has struggled to grow its long-term...
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North Carolina coach Larry Fedora makes comments during the NCAA college football team's media day in Chapel Hill, N.C., Monday, Aug. 6, 2018. Following an NCAA violation involving the sale of team-issued shoes, the university announced today that 13 football players will miss games during the 2018 season. (AP Photo/Gerry Broome)
August 06, 2018 - 4:08 pm
CHAPEL HILL, N.C. (AP) — Less than a year after emerging from a long run of NCAA issues, North Carolina is dealing with rule violations again — this time for football players selling team-issued shoes. The school announced Monday that 13 players will miss games serving suspensions for the secondary...
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This image from the website of Allied Wallet CEO Ahmad "Andy" Khawaja shows Khawaja posing with President Donald Trump in the Oval Office of the White House in Washington. Khawaja gave more than $4 million to Hillary Clinton's failed presidential campaign and other Democrats, then began extending his largesse to Republicans after a lunch with GOP fundraiser Elliott Broidy two weeks after Trump clinched the presidency. Records obtained by The Associated Press show that Khawaja has helped pornographers, payday loan debt collectors and offshore gambling operations get past the gates of the banking system.(Andy Khawaja via AP)
August 03, 2018 - 12:46 pm
NEW YORK (AP) — Federal authorities looking into the illegal sale of prescription drugs online are probing the business practices of payment processor Allied Wallet, according to a person with direct knowledge of the case. Allied Wallet's CEO has donated millions of dollars to both political...
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FILE - In this June 1, 2017, file photo, a sign stands on the campus of the Aetna headquarters, in Hartford, Conn. Aetna Inc. (AET) on Thursday, Aug. 2, 2018, reported second-quarter earnings of $1.21 billion. (AP Photo/Bill Sikes, File)
August 02, 2018 - 6:41 am
Aetna easily topped second-quarter earnings expectations as another drop in benefit expenses and lower taxes helped the nation's third-largest health insurer. Net income inched up less than 1 percent to $1.21 billion, while earnings adjusted for non-recurring gains totaled $3.43 per share, the...
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FILE - In this Oct. 17, 2017, file photo, customers line up at a Taco Bell restaurant inside Miami International Airport in Miami. The parent company of KFC, Taco Bell and Pizza Hut reported second-quarter results that beat Wall Street’s view, but a key sales metric failed to meet expectations. Sales at Pizza Hut restaurants open at least a year dipped 1 percent. KFC and Taco Bell reported a 2 percent rise in the metric. (AP Photo/Wilfredo Lee, File)
August 02, 2018 - 5:40 am
LOUISVILLE, Ky. (AP) — The company that owns KFC, Taco Bell and Pizza Hut is reporting healthy second-quarter profits, though sales at existing stores could create some unease. Shares slipped more than 2 percent before the opening bell Thursday. Yum Brands Inc. posted earnings of $321 million, or...
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FILE - In this March 17, 2011, file photo, cans of Coca-Cola and Diet Coke sit in a cooler at a deli in Portland, Ore. Items ranging from canned beverages to airline tickets will likely get more expensive, companies warn, as they face higher costs. Procter & Gamble, one of the biggest makers of consumer products, said Tuesday, July 31, 2018, that Pampers prices will increase by an average of 4 percent in North America, while the Bounty, Charmin and Puffs brands could see 5 percent increases. (AP Photo, File)
August 01, 2018 - 12:12 am
The price of a can of Coca-Cola? Likely going up. A package of Pampers? That too. Plane tickets? They also may be more expensive. These items and more may cost more in the coming months as people start feeling the effects of higher fuel prices and raw-material costs as well as a range of tariffs...
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July 26, 2018 - 10:08 am
DETROIT (AP) — Eminem has found himself in an unlikely battle: one over retail, not rap. The Detroit Free Press reports that fashion designer Clement Brown of the Three Thirteen shop is trying to block Eminem's trademark request for his apparel line, E13. Brown has held a trademark for his Three...
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