Latest Retail and wholesale News

FBI, IRS agents search Baltimore mayor's homes, City Hall

Apr. 25, 2019 12:11 PM EDT

BALTIMORE (AP) — Federal agents raided the homes and offices of Baltimore's embattled mayor on Thursday amid widening probes to determine whether she used sales of her children's books to disguise government kickbacks. The searches pushed the latest political scandal for Maryland's largest city to a...

The Latest: Mayor probe expands with searches of associates

Apr. 25, 2019 11:08 AM EDT

BALTIMORE (AP) — The Latest on investigations involving Baltimore Mayor Catherine Pugh (all times local): 11:00 a.m. Federal agents have expanded their searches related to embattled Baltimore Mayor Catherine Pugh to include the work address of one of her attorneys, and the home of one of her aides. FBI...

Walmart experiments with AI to monitor stores in real time

Apr. 25, 2019 9:55 AM EDT

LEVITTOWN, N.Y. (AP) — Who's minding the store? In the not-too-distant future it could be cameras and sensors that can tell almost instantly when bruised bananas need to be swapped for fresh ones and more cash registers need to open before lines get too long. Walmart, which faces fierce competition from...

UK blocks Sainsbury's merger with Walmart unit Asda

Apr. 25, 2019 8:59 AM EDT

LONDON (AP) — British regulators blocked Sainsbury's 7.3 billion-pound ($9.4 billion) purchase of Walmart's Asda unit on Thursday amid concerns the deal would have increased prices and reduced the quality and range of products available. For Walmart, it's another setback as it tries to refocus its...

AP EXCLUSIVE: At Walmart, using AI to watch the store

Apr. 25, 2019 2:58 AM EDT

LEVITTOWN, N.Y. (AP) — Inside one of Walmart's busiest Neighborhood Market grocery stores, high resolution cameras suspended from the ceiling point to a table of bananas. They can tell how ripe the bananas are from their color. When a banana starts to bruise, the cameras send an alert to a worker....

Microsoft's cloud growth pleases Wall Street

Apr. 24, 2019 5:03 PM EDT

REDMOND, Wash. (AP) — Microsoft's ongoing push to get automakers, retailers and other businesses onto its cloud computing platform helped power the company's third-quarter earnings ahead of Wall Street expectations Wednesday. The software maker posted fiscal third-quarter earnings of $8.8 billion, up 19%...

Domino's shares up as earnings overshadow slower growth

Apr. 24, 2019 12:34 PM EDT

ANN ARBOR, Michigan (AP) — Domino's Pizza Inc.'s first quarter earnings beat overshadowed investor's concerns about slowing growth at the world's biggest pizza chain. Domino's net income rose 4.4% to $92.7 million, or $2.20 per share. That beat Wall Street's forecast of $2.09, according to analysts polled...

Stop & Shop strike cost company about $100 million

Apr. 24, 2019 12:26 PM EDT

BOSTON (AP) — The owners of New England's largest supermarket chain are projecting around $100 million in losses from the labor strike that ended Easter Sunday. Ahold Delhaize, the Dutch company that owns Stop & Shop, said the 11-day strike is expected to lead to losses between $90 million and $110...

Philippine police summon owner of quake collapsed building

Apr. 24, 2019 6:35 AM EDT

MANILA, Philippines (AP) — Philippine police investigators have summoned the owner of a four-story supermarket that collapsed in a powerful earthquake and is feared to have trapped dozens of people, officials said Wednesday. Chuzon Supermarket owner Samuel Chu on Tuesday appeared at a police station in...

Indictment: Ex-CEO ignored red flags as opioid crisis raged

Apr. 23, 2019 6:56 PM EDT

NEW YORK (AP) — The pharmaceutical industry executive hit Tuesday with criminal charges stemming from the opioid crisis doesn't have his name on a museum wing, and his company isn't within earshot of Apple or anyone else on the Fortune 500. Even his $1.5 million paycheck was a paltry sum compared to his...