Latest Retail industry News

Global stocks sink ahead of US tariff deadline

Dec. 10, 2019 8:14 AM EST

BEIJING (AP) — Stock markets around the world fell sharply Tuesday as nervous investors watched a rapidly approaching deadline for more U.S. tariffs on Chinese imports. Markets also have their eyes on American and European interest rate decisions coming this week and the outcome of Britain's general...

Millennial Money: How procrastinators can win at gift-giving

Dec. 10, 2019 7:44 AM EST

Check the calendar. No, this isn’t a dream. It really is December, and Christmas Day is staring you straight in the face. And if you celebrate Hanukkah, it’s coming even sooner. Where did the holiday season go? Well, no time to reminisce now. It’s down to the wire, but there are still methods...

California fines CVS $3.6 million for failing to recycle

Dec. 9, 2019 9:24 PM EST

SACRAMENTO, Calif. (AP) — California is fining the nation's largest pharmacy health care provider a record $3.6 million for failing to redeem deposits on bottles and cans at some of its locations, regulators said Monday. The California Department of Resources Recycling and Recovery, better known as...

George Laurer, inventor of ubiquitous UPC, dies at 94

Dec. 9, 2019 7:10 PM EST

WENDELL, N.C. (AP) — George J. Laurer, whose invention of the Universal Product Code at IBM transformed retail and other industries around the world, has died. He was 94. A funeral was held on Monday for Laurer, who died Thursday at his home in Wendell, North Carolina, a suburb of Raleigh. Sean Bannon...

ArQule and Fate Therapeutics soar; Sanofi and Diplomat fall

Dec. 9, 2019 4:35 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday: Sanofi, down 73 cents to $45.30 The drug developer is buying biotechnology firm Synthorx, which focuses on potential cancer treatments, for $2.5 billion. ArQule Inc., up $10.04 to $19.70 The biotechnology company is being bought...

UnitedHealth plans bargain bid for Diplomat Pharmacy

Dec. 9, 2019 10:35 AM EST

UnitedHealth plans to acquire Diplomat Pharmacy at a steep discount about a month after the specialty drug provider said it may not be able to make its debt payments. United Health Group's OptumRx said Monday that the company will spend $4 for each share of Diplomat in a cash tender offer. That’s 31%...

This Week: GameStop earns, Fed meeting, retail sales

Dec. 9, 2019 1:10 AM EST

A look at some of the key business events and economic indicators upcoming this week: ROUGH GAME It's been a rough year for GameStop. The video-game retailer slid to a loss in the second quarter versus a year earlier. That followed profit and revenue drops in the previous quarter. Did the trend continue in the...

Average US price of gas drops 1 penny per gallon to $2.65

Dec. 8, 2019 4:30 PM EST

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline has dipped 1 penny per gallon (3.8 liters) to $2.65 over the past two weeks. Industry analyst Trilby Lundberg of the Lundberg Survey says Sunday that further cuts to retail gas prices are unlikely because crude oil costs are on the...

Kroger, Sage take losses while Five Below, Acadia advance

Dec. 5, 2019 5:02 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday: United Airline Holdings Inc., down 31 cents to $87.86 The airline said CEO Oscar Munoz is stepping down from his post and named J. Scott Kirby as its new leader. Kroger Co., down 84 cents to $26.80 The supermarket chain's...

Markets Right Now: Stocks end a wobbly day slightly higher

Dec. 5, 2019 4:21 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending a wobbly day slightly higher on Wall Street as traders wait for more news on trade talks between the U.S. and China. Gains for technology companies and banks outweighed losses in energy and other...