National Business News
Target's 1Q profit drops 26 pct on weak sales
Target Corp. reported a 26 percent drop in first-quarter profit as cool temperatures and financial pressures limited customers' appetite for spending.
National Business News
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NATIONAL BUSINESS NEWS
Lowe's 1Q profit rises, but results miss Street
Lowe's Cos. said Wednesday that its first-quarter net income rose nearly 3 percent, but results fell short of expectations as rainy weather hurt spring gardening sales.
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NATIONAL BUSINESS NEWS
Futures rise; all eyes on the Fed
U.S. stock futures are rising with the nation's central bank seemingly committed to ushering along a financial rebound and the housing market nearing an important milestone.
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NATIONAL BUSINESS NEWS
IMF calls on Britain to do more for growth
The International Monetary Fund has called on the British government to do more to support the country's recovery now that it has started to ease the pace of its budget austerity measures.
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NATIONAL BUSINESS NEWS
US auto factories cutting back on summer downtime
The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks.
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NATIONAL BUSINESS NEWS
US auto factories cutting back on summer downtime
Detroit auto factories are forgoing their traditional two-week summer break and speeding up production to meet buyers' growing demand for new cars and trucks.
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NATIONAL BUSINESS NEWS
Bernanke testimony to be studied for policy clues
When Ben Bernanke testifies about the U.S. economy Wednesday, the Federal Reserve chairman's words will be examined for any clues that the Fed might soon taper - or increase - its support for the economy.
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NATIONAL BUSINESS NEWS
US auto factories cutting back on summer downtime
Detroit auto factories are forgoing their traditional two-week summer break and speeding up production to meet buyers' growing demand for new cars and trucks.
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NATIONAL BUSINESS NEWS
Japan's trade deficit hits $8.6B due to weaker yen
Japan's trade deficit widened to a larger-than-expected 879.9 billion yen ($8.6 billion) in April as its weakening currency accentuated surging import costs.
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NATIONAL BUSINESS NEWS
JPMorgan's Dimon survives shareholder referendum
Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have called on him to give up his role as chairman of the nation's largest bank. But shareholders sent a message that the bank needs better oversight by giving only narrow approval to three of the bank...
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NATIONAL BUSINESS NEWS
Best Buy reports 1Q loss on restructuring costs
Best Buy Co. on Tuesday reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.
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