Latest Business News
Belgian fashion designer Dries Van Noten is to step down as creative director at the end of June
BRUSSELS (AP) — Belgian designer Dries Van Noten, who for almost four decades dazzled the fashion world with his luscious use of colors and fabrics, said Tuesday he will step down as creative director of his namesake brand at the end of June. Van Noten, 65, a master of blending the...
Millennial Money: Navigating the SSI ‘marriage penalty’
Jennifer Updike and Lewis Fredette, of Auburn, New York, got engaged in December 2023. The couple, who are both on the autism spectrum, look forward to moving in together soon and tying the knot in a religious ceremony. But because they both receive Supplemental Security Income —...
Stock market today: Wall Street mostly lower in premarket as world's central banks take center stage
Wall Street drifted modestly lower early Tuesday in what's turning out to be a big week for central banks around the world. Futures for the S&P 500 fell 0.4% and futures for the Dow Jones Industrial Average were 0.2% lower before the bell, one day ahead of the Federal Reserve's...
A newspaper says video of Prince William and Kate should halt royal rumor mill. That's a tall order
LONDON (AP) — Prince William and his wife Catherine have been filmed at a farm shop near their Windsor home, The Sun newspaper reported — the first footage of Kate since she had abdominal surgery for an unspecified condition two months ago. The newspaper published a short clip...
Sex trade to slavery: A UN agency says criminals reap $236B a year in profits from forced labor
GENEVA (AP) — Illegal profits from forced labor worldwide have risen to the “obscene” amount of $236 billion per year, the U.N. labor agency reported Tuesday, with sexual exploitation to blame for three-fourths of the take from a business that deprives migrants of money they can send home,...
Unilever to cut 7,500 jobs and spin off its ice cream business, which includes Ben & Jerry's
LONDON (AP) — Unilever, the company that makes Ben & Jerry’s ice cream, Dove soaps and Vaseline, said Tuesday that it is cutting 7,500 jobs and spinning off its ice cream business to reduce costs and boost profits. London-based Unilever said its ice cream business, which also...
Bill and Lisa Ford to raise $10M for Detroit youth nonprofit endowments
Ten nonprofits serving young people in Detroit will get an unusual, lasting gift as part of a campaign started by Lisa Ford and her husband, Bill Ford, the executive chair of Ford Motor Co. The Fords, along with The Children’s Foundation, Tuesday announced their plans to raise at...
Diversified Energy: Q4 Earnings Snapshot
BIRMINGHAM, Ala. (AP) — BIRMINGHAM, Ala. (AP) — Diversified Energy (DEC) on Tuesday reported earnings of $758 million in its fourth quarter. On a per-share basis, the Birmingham, Alabama-based company said it had net income of $15.95. Earnings, adjusted for non-recurring gains,...
Formula Systems: Q4 Earnings Snapshot
OR YEHUDA, Israel (AP) — OR YEHUDA, Israel (AP) — Formula Systems (1985) Ltd. (FORTY) on Tuesday reported earnings of $15.7 million in its fourth quarter. The Or Yehuda, Israel-based company said it had net income of $1.01 per share. The information technology...
Core & Main: Fiscal Q4 Earnings Snapshot
ST. LOUIS (AP) — ST. LOUIS (AP) — Core & Main Inc. (CNM) on Tuesday reported fiscal fourth-quarter profit of $63 million. On a per-share basis, the St. Louis-based company said it had net income of 34 cents. The results met Wall Street expectations. The average...