WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

US retail sales rise as consumers shrug off stock price drop
WASHINGTON (AP) — U.S. retail sales rose modestly in January, evidence that Americans kept shopping despite sharp drops in stock prices. The Commerce Department said Friday that retail sales increased a seasonally adjusted 0.2 percent last month,...
Feb 12, 2016 | 7:12 AM
US retail sales rose last month as Americans kept shopping despite lower stock prices
WASHINGTON (AP) — US retail sales rose last month as Americans kept shopping despite lower stock prices.
Feb 12, 2016 | 7:12 AM
Scandal-hit Volkswagen sees US sales fall 7 pct in January
FRANKFURT, Germany (AP) — Automaker Volkswagen says global sales rose 3.7 percent in January, held back by sagging economies in Brazil and Russia and by an emissions scandal that hurt figures in the United States. The company said Friday it sold 847...
Feb 12, 2016 | 7:12 AM
Visa buys nearly 10 pct stake in Dorsey’s company, Square
NEW YORK (AP) — Visa is now a major shareholder in Square, the mobile payment services company co-founded and led by Jack Dorsey. Shares of Square spiked 14 percent before the opening bell Friday. Visa snapped up a nearly 10 percent interest in...
Feb 12, 2016 | 7:12 AM
Nokia says quarterly profit rose but cautions on outlook
HELSINKI (AP) — Nokia Corp. saw fourth-quarter profit grow more than 50 percent to 498 million euros ($560 million) on a slight increase in sales, but the telecom networks company cautioned it would face some "market headwinds," especially in China...
Feb 12, 2016 | 7:12 AM
PepsiCo's revenue in North America climbs, helped by pricing
The maker of Frito-Lay chips and Tropicana juice has been retooling its product lineup and rethinking pricing to fetch more money from shoppers. The focus on finding novel ways to extract more money from shoppers comes as major packaged food and...
Feb 12, 2016 | 7:12 AM
Questions grow over banks as profit warnings pile up
Among the top concerns is that the global economy will weaken more than expected, souring some of the loans that banks have issued to companies around the world — particularly in distressed sectors like the energy industry. Mike van Dulken, head of...
Feb 12, 2016 | 7:12 AM
Fuel van without driver strikes plane at Boston airport
BOSTON (AP) — A fuel van has struck a plane at Boston’s Logan airport, damaging the jet but causing no injuries to the passengers. Authorities say the van, which did not have a driver, struck a Tampa, Florida-bound JetBlue plane near a gate at...
Feb 12, 2016 | 6:12 AM
Portugal’s PM vows to press ahead with anti-austerity plans
LISBON, Portugal (AP) — The Portuguese prime minister says he has taken note of European Union concerns about his debt-heavy country’s spending plans but is determined to make his anti-austerity program work. Prime Minister Antonio Costa says...
Feb 12, 2016 | 6:12 AM
113-foot blade falls off New York windmill, lands in field
FENNER, N.Y. (AP) — An energy company says it’s trying to determine why a 113-foot-long blade fell off a windmill in central New York. The Post-Standard of Syracuse reports that officials in the Madison County town of Fenner say it appears the...
Feb 12, 2016 | 6:12 AM