Latest Business News
Kohl's names Michaels CEO Ashley Buchanan to assume top job, effective Jan. 15
NEW YORK (AP) — Department store retailer Kohl's Inc. says Michaels CEO and retail veteran Ashley Buchanan will take over its top job, effective January 15. Buchanan succeeds Tom Kingsbury, who will stay as an advisor to the new CEO and retain his position on Kohl’s board until...
Raw milk from a California dairy is recalled after routine testing detected the bird flu virus
SACRAMENTO, Calif. (AP) — The bird flu virus was detected in a retail sample of raw milk from a dairy in Fresno, California, state health officials said. The sample obtained at a store tested positive Nov. 21 during routine screening by Santa Clara County health officers, the...
Detroit's iconic Renaissance Center could see 2 towers razed in $1.6B redevelopment plan
DETROIT (AP) — Two towers at Detroit's iconic Renaissance Center would be razed and the complex converted to a mix of housing and offices under an ambitious $1.6 billion plan announced Monday. The complex, which next year will lose the headquarters of owner General Motors Co., is...
Newsom says California could offer electric vehicle rebates if Trump eliminates federal tax credit
SACRAMENTO, Calif. (AP) — California could offer rebates for electric vehicle purchases if the incoming Trump administration eliminates a federal tax credit for people who buy electric cars, Gov. Gavin Newsom said Monday. Newsom, a Democrat, proposed creating a new version of the...
Grupo Supervielle: Q3 Earnings Snapshot
BUENOS AIRES, Argentina (AP) — BUENOS AIRES, Argentina (AP) — Grupo Supervielle SA (SUPV) on Monday reported net income of $9.4 million in its third quarter. The bank, based in Buenos Aires, Argentina, said it had earnings of 11 cents per share. The financial...
Workers at Charlotte airport, an American Airlines hub, go on strike during Thanksgiving travel week
CHARLOTTE, N.C. (AP) — Workers who clean airplanes, remove trash and help with wheelchairs at Charlotte's airport, one of the nation's busiest, went on strike Monday during a busy week of Thanksgiving travel to demand higher wages. The Service Employees International Union...
Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his death
OMAHA, Neb. (AP) — Investor Warren Buffett renewed his Thanksgiving tradition of giving by handing out more than $1.1 billion of Berkshire Hathaway stock to four of his family's foundations Monday, and he offered new details about who will be handing out the rest of his fortune after his death. ...
New Jersey Resources: Fiscal Q4 Earnings Snapshot
WALL, N.J. (AP) — WALL, N.J. (AP) — New Jersey Resources Corp. (NJR) on Monday reported profit of $91.1 million in its fiscal fourth quarter. On a per-share basis, the Wall, New Jersey-based company said it had profit of 91 cents. Earnings, adjusted for non-recurring gains, came...
Central Garden: Fiscal Q4 Earnings Snapshot
WALNUT CREEK, Calif. (AP) — WALNUT CREEK, Calif. (AP) — Central Garden & Pet Co. (CENT) on Monday reported a fiscal fourth-quarter loss of $34.2 million, after reporting a profit in the same period a year earlier. The Walnut Creek, California-based company said it had a loss...
DHL cargo plane crashes and skids into a house in Lithuania, killing a Spanish crew member
VILNIUS, Lithuania (AP) — A DHL cargo plane crashed on approach to an airport in Lithuania's capital and skidded into a house Monday morning, killing a Spanish crew member but not harming anyone on the ground. The cause is under investigation. A surveillance video showed the plane...
