Latest Retail and wholesale News

Feds: Retailer broke law by selling rifle in Texas attack

Oct. 17, 2019 3:42 PM EDT

SAN ANTONIO (AP) — A sporting goods retailer violated the law by selling an AR-15-style rifle and large capacity magazine to a man who later used them to kill more than two dozen worshippers at a Texas church, federal prosecutors said in a court filing. Devin Patrick Kelley presented a Colorado driver's...

Barneys pens deal to sell assets to Authentic Brands

Oct. 17, 2019 3:41 PM EDT

NEW YORK (AP) — Luxury chain Barneys New York has penned a deal to sell its assets for $271.4 million to Authentic Brands Group, a licensing company that owns such brands as Nine West and Aeropostale, and investment bank B. Riley Financial Inc., according to court documents filed late Wednesday. The deal...

Atlanta businessman spared prison in college hoops scandal

Oct. 17, 2019 1:04 PM EDT

NEW YORK (AP) — An Atlanta businessman and former NBA referee was spared prison time Thursday after pleading guilty in a college basketball scandal that paid bribes to steer top athletes to certain schools and money managers. Rashan Michel wiped his eyes when U.S. District Judge Loretta A. Preska in New...

Europe's specialty food makers brace for US tariffs

Oct. 17, 2019 12:25 PM EDT

MILAN (AP) — European producers of specialty agricultural products like French wine, Italian Parmesan and Spanish olives are facing a U.S. tariff hike due Friday with a mix of trepidation and indignation at being dragged into a trade war they feel they have little to do with. The tariffs on $7.5 billion...

Colorado pot grower loses 20K plants due to early snow

Oct. 17, 2019 11:41 AM EDT

DENVER (AP) — A Colorado marijuana grower has lost about 20,000 plants worth millions of dollars because of an early winter storm and says the impact is expected affect the state's legal pot supply. The Marijuana Business Daily reported Wednesday that Pueblo-based Los Sueños Farms lost the plants...

Farrow books sells across Australia despite legal threat

Oct. 17, 2019 4:54 AM EDT

CANBERRA, Australia (AP) — Ronan Farrow's new book is being sold in Australia despite threats of defamation lawsuits that the Pulitzer-winning journalist believes led some Australian retailers to drop the bestseller. "Catch and Kill" covers events leading to Farrow's New Yorker magazine expose of Hollywood...

Asian shares mixed on caution over China-US trade deal

Oct. 17, 2019 1:01 AM EDT

BANGKOK (AP) — Asian shares were mixed Thursday after officials signaled work remains to be done on an agreement for a truce in the tariff war between the U.S. and China. Hong Kong led regional gains after its chief executive, Carrie Lam, announced help for the property sector. The semi-autonomous city's...

Opioid settlement talks broaden ahead of 1st federal trial

Oct. 16, 2019 9:41 PM EDT

CLEVELAND (AP) — Efforts to settle thousands of lawsuits related to the nation's opioid epidemic intensified Wednesday ahead of the scheduled start of arguments in the first federal trial over the crisis. A person with knowledge of the negotiations told The Associated Press that three major drug...

Cuba to let citizens buy imports with foreign currencies

Oct. 16, 2019 5:12 PM EDT

HAVANA (AP) — The Cuban government says it will allow citizens to use 10 foreign currencies to buy products like televisions and air conditioners at state stores in an attempt to compete with a multi-billion-dollar informal market in imported goods. The communist state has a monopoly on most forms of...

Markets Right Now: Stocks close mostly lower on Wall Street

Oct. 16, 2019 4:12 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing mostly lower on Wall Street as losses for technology and energy companies offset gains in other sectors. Salesforce.com slumped 3.8% Wednesday and Exxon Mobil gave up 1.7%. Homebuilders benefited...