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Sears loss widens in 1Q on continued sales slide
Tribune reporterSears Holdings Corp. said it lost $279 million, or $2.63 per diluted share, in the first quarter compared to $189 million or $1.78 per share a year earlier. The Hoffman Estates-based retailer said sales slid to $8.4 billion from $9.2 billion last year,...Tags: Economy, Business and Finance, Companies and Corporations, Kmart, Sears Holdings Corp., Target Brands, Inc.
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Wall Street sags, but ends off session lows; HP hits 52-week high
ReutersNEW YORK (Reuters) - Stocks slipped on Thursday but finished sharply off their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its monetary...Tags: Raymond James Financial Incorporated, Bain Capital, LLC, Elan Corporation Plc, U.S. Senate, Level 3 Communications Incorporated
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Apple enjoyed Irish tax holiday from the start
ReutersSAN FRANCISCO/DUBLIN (Reuters) - Apple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to what was then one of Europe's poorest countries, former company executives and Irish officials have said. Chief...Tags: Government, Computer Hardware, Apple iPhone, Travel, Computing and Information Technology Industry
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At annual meeting, McDonald's CEO fields questions on nutrition, wages
Tribune reporterMcDonald's executives fielded a number of questions at the company's annual shareholder meeting Thursday, including its role in the global obesity epidemic, marketing to children and wages for entry-level workers at its restaurants. "We don't sell junk...Tags: Sandwiches, Employees, Navy Pier, Annual and Special Corporate Meetings, Healthy Diet
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Google insider Ben Ling joins Khosla to unearth great Web ventures
SAN FRANCISCO -- Khosla Ventures is adding to its roster of top Internet executives with the addition of Ben Ling, a veteran of Google, Facebook and YouTube. Ling, most recently the chief operating officer at Badoo, has joined the venture capital firm...Tags: Marissa Mayer, Computer Hardware, Apple iPhone, Computing and Information Technology Industry, Google Inc.
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On top of big salaries, companies pile on perks
NEW YORK (AP) — Wynn Resorts kept a suite open all year at its tony Las Vegas hotel and casino for founder and CEO Steve Wynn, at a cost of nearly $452,000. Former IBM CEO Samuel Palmisano was guaranteed an administrative assistant and furnished...
Tags: Shareholders, AFL-CIO, Travel, Computing and Information Technology Industry, CEO Pay
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Former Chrysler, Fisker CEO launches venture fund with Penske
ReutersDETROIT (Reuters) - Tom LaSorda, the former chief executive of Chrysler Group LLC and Fisker Automotive, is launching a venture capital fund with racing magnate Roger Penske to invest in technology startups. The fund, IncWell LP, will provide initial...Tags: Economy, Business and Finance, Indianapolis 500, Companies and Corporations, Manufacturing and Engineering, Bankruptcy
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Retail roundup: J.C. Penney loan, Abercrombie apology, Mattel layoffs
The week before the Memorial Day holiday has been a busy one for retailers. Here's a sampling of happenings from Mattel, J.C. Penney and Abercrombie & Fitch. Mattel: As the El Segundo-based toymaker adapts to its newly created North America division, it...
Tags: Layoffs and Downsizing, Memorial Day, Judges, Fisher-Price, Economy, Business and Finance
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Jimmy de Castro named president, GM of WGN radio
Tribune reporterVeteran Chicago radio executive Jimmy de Castro has been named president and general manager of WGN-AM 720, Tribune Co. announced Thursday. The move puts one of Chicago's most charismatic and successful broadcast managers in charge of the legacy radio...Tags: Clear Channel Communications Inc., Chicago Tribune, Television Industry, Computing and Information Technology Industry, Los Angeles Times
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Belgian grocer Delhaize looks to sell two U.S. units -sources
ReutersBy Olivia Oran NEW YORK, May 23 (Reuters) - Belgian grocer Delhaize is looking to sell two of its U.S. businesses as it continues to cut costs in the region, according to two sources familiar with the matter. The Food Lion parent has hired Lazard Ltd to...Tags: Economy, Business and Finance, Sales, Business, Delhaize Group, Companies and Corporations
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How an Extreme Movie Makeover Saved 'Fast & Furious' From Going Direct to DVD
ReutersMay 23 (TheWrap.com) - "Fast & Furious 6" has become a road race to riches without a finish line in sight. Roaring into theaters Friday, the movie is expected to generate $80 million or more over the Memorial Day weekend -- astounding numbers for a...Tags: The Hangover (movie), Auto Racing, Vin Diesel, Memorial Day, Fast Five (movie)
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Canadian businessman goes on trial in Cuban corruption crackdown
ReutersHAVANA (Reuters) - The trial of a Canadian businessman who has confessed to bribing Cuban officials began on Thursday, almost two years after his arrest in a sweeping government crackdown on corruption. The closed trial of 53-year-old Sarkis Yacoubian,...Tags: Government, National Government, Armenia, Trials, Police Arrests
May 23, 2013
|Story| Chicago Tribune
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|Story| Reuters
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|Story| Petoskey News
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|Story| Wrap
May 23, 2013
|Story| Reuters
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