business
Stocks barely budge; market ends week with loss
NEW YORK (AP) — Major stock indexes closed out their first weekly loss in a month in quiet trading Friday. The Standard & Poor’s 500 index dropped 0.91 of a point to close at 1,649.60. The Dow Jones industrial average rose 8.60 points to 15,303, a gain of 0.1 percent. Procter & Gamble supported the Dow with an increase of 4 percent.
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Walmart to sell frozen Fatburger patties
Fatburger, a chain with a devoted following on the West Coast, said Friday it will sell its branded frozen beef patties in Walmart stores nationwide.
News Corp. OKs poison pill, buyback before split
News Corp. said its board has approved plans to split its entertainment and publishing businesses into two separate companies. The company also adopted a shareholder-rights plan designed to prevent a hostile takeover in the volatile trading period after the split is complete.
US durable goods orders rise 3.3 percent in April
U.S. orders for long-lasting manufactured goods rose 3.3 percent in April, buoyed by more demand for aircraft and stronger business investment. The gains suggest economic growth may be holding steady this spring.
Summer travel forecast: Better, but no blowout
Airlines, hotels and campgrounds are commanding higher rates and seeing more customers than a few summers ago. But for a travel industry still stinging from the Great Recession, the best it can likely hope for is another summer of steady, but slow, recovery.
Berko: A managed risk
D ear Mr. Berko : This may sound undoable, but I would like to be an aggressive investor with five or six speculative stocks that have good long-term potential (not more than three years) and get a dividend income of 5 to 6 percent. Last …
Some unions now angry about health care overhaul
Some labor unions that initially backed President Barack Obama’s health care overhaul are now frustrated and angry about what they say are unexpected consequences of the plan that could hurt their members.
Hobby Lobby tests birth-control coverage mandate
Hobby Lobby Stores Inc. asked a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the morning-after pill.
Japan’s ANA to resume Boeing 787 flights Sunday
Japan’s All Nippon Airways, the launch customer for Boeing’s 787 “Dreamliner,” will resume commercial flights of the aircraft on Sunday, just over four months after the jets were grounded due to smoldering batteries.
Sears reports bigger-than-expected loss
It was another ugly quarter for Sears Holdings Corp. The beleaguered department-store chain reported a steeper-than-expected loss for its first quarter on slumping sales.
Procter & Gamble brings back A.G. Lafley as CEO
NEW YORK (AP) — Procter & Gamble is bringing back former CEO A.G. Lafley, a 33-year industry veteran, to its top post in a surprise move as the world’s largest consumer goods maker tries to improve its results globally.
Pepper your wardrobe with ‘Gatsby’ glitz for less
Baz Luhrmann’s big screen adaption of “The Great Gatsby” is shining a spotlight on Roaring Twenties glam fashions, from drop-waist dresses and head scarves to crisp bow ties and spectator shoes. But you don’t need a wallet the size of Jay Gatsby’s to get the look.
McDonald’s can’t shake criticism about nutrition
McDonald’s was taken to task at its shareholders meeting Thursday by speakers associated with an advocacy group about its menu and marketing toward kids. Among the speakers was a 9-year-old girl who asked CEO Don Thompson to stop “tricking kids into eating your food.”
US new home sales up 2.3 percent in April
Sales of new homes rose in April to the second-highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering.
Dover to spin off communications businesses
Equipment maker Dover Corp. said Thursday its board has approved a plan to spin off some of its communication technologies businesses into a new publicly traded company known as Knowles Corp.
Birth control coverage up for federal appeal
In the most prominent challenge of its kind, Hobby Lobby Stores Inc. is asking a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the morning-after pill.
