business news

Walmart and Google are plotting to change your shopping habits – Washington Post

August 23, 2017 11:13:59 am | 0 Comments

Walmart is currently the country’s second-largest online retailer, behind Amazon. (Alan Diaz/AP) Move over, Alexa. Walmart is going high-tech in its fight against Amazon.com. Beginning next month, shoppers will be able to buy Walmart products by speaking to their Google Home devices. The retailer is the latest — and largest — to make its goods…

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Go fish: Washington pleads for anglers to snag escaped Atlantic salmon – OregonLive.com

August 23, 2017 10:52:00 am | 0 Comments

Call it a fish for all. Several thousand Atlantic salmon escaped from a fish farm near the San Juan Islands this week, prompting Washington Fish & Wildlife officials to plead for anglers to catch as many of the non-native species as possible. A fish farm near Cypress Island, just east of the San Juans, told the…

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WPP Will Barely Grow This Year — Sorrell Points to Packaged-Goods as Culprits – AdAge.com

August 23, 2017 9:54:49 am | 0 Comments

Most Popular Blaming spending cuts from major consumer packaged-goods marketers who provide 30% of its revenue, the world’s largest holding company, WPP, slashed its full-year forecast today to miniscule growth of zero to 1%. Martin Sorrell  Credit: Courtesy WPP The picture is especially grim in North America, where like-for-like net sales fell by 3.3% in…

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US new home sales hit seven-month low as prices soar – Reuters

August 23, 2017 9:37:30 am | 0 Comments

WASHINGTON (Reuters) – New U.S. single-family home sales unexpectedly fell in July, dropping to their lowest in seven months amid a surge in prices, raising concerns of a slowdown in the housing market recovery. Coming on the heels of data this month showing a tumble in home building and permits in July, the weak sales…

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Ex-SAC Capital Manager Martoma Denied New Trial on Appeal – Bloomberg

August 23, 2017 9:11:59 am | 0 Comments

Mathew Martoma, a former portfolio manager at a unit of SAC Capital Advisors LP, center, exits federal court in New York, on Nov. 26, 2012. Former SAC Capital Advisors LP portfolio manager Mathew Martoma lost a bid to overturn his insider-trading conviction, giving a boost to federal prosecutors seeking to clean up illegal behavior on…

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What Cities Lose When an Alt-Weekly Dies – CityLab

August 23, 2017 8:49:27 am | 0 Comments

The free Village Voice newspaper announced on Tuesday it would cease publishing in print. Mark Lennihan/AP As the Village Voice stops its print edition, the alternative-weekly era officially ends. The death of the print edition of the Village Voice, which was announced on Tuesday, is being widely eulogized as the end of an era. Which…

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Here's why new home sales tanked – CNBC

August 23, 2017 7:34:47 am | 0 Comments

Newly built homes are more expensive than they’ve ever been before. They are also more expensive when compared to similar existing homes than they’ve ever been before. And that is why sales are suffering, dropping an unexpected 9.4 percent in July compared to June, according to the U.S. Census. They are simply out of reach…

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Wall Street drops on Trump's threats of government shutdown – Reuters

August 23, 2017 7:33:45 am | 0 Comments

(Reuters) – U.S. stocks were lower late on Wednesday morning after President Donald Trump’s warning of a government shutdown to secure funds to build the Mexico border wall added to nerves as the deadline to the raise the U.S. debt ceiling looms. Lawmakers face a late-September deadline to raise the debt ceiling or risk a…

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Lots of Caveats for Art Buyers on Cruise Ships – HuffPost

August 23, 2017 7:31:07 am | 0 Comments

<!– /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:””; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:”Times New Roman”; mso-fareast-font-family:”Times New Roman”;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.25in 1.0in 1.25in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} –> To some, Royal Caribbean’s fleet of fifteen cruise ships are just big boats, but looking more closely one can see that they…

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Lowe's misses earnings estimates, forecasts slower margins growth – Reuters

August 23, 2017 7:22:30 am | 0 Comments

(Reuters) – Lowe’s Companies Inc (LOW.N) reported lower-than-expected quarterly earnings on Wednesday and warned of slower growth in profit margins as it spends more on marketing and staffing to take advantage of a robust home improvement market. Shares of the No.2 U.S. home improvement retailer dipped 6 percent to $71.27 in morning trading. Demand for…

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