Costco Wholesale CFO Richard Gallanti talks about competition and deflationAs consumers have limited their spending, retailers have become increasingly competitive to lure them into their stores — typically focusing on value to draw the cost-conscious. At the same time, retailers are seeing prices drop on some items as manufactures adjust to lower demand, lower input prices and other factors. Oil prices fall below $70 a barrel as traders focus on weak US demandNEW YORK — Oil prices fell Wednesday as traders shrugged off an unexpected drop in crude supplies and focused instead on government data that showed Americans still have little appetite for more petroleum. Global economic crisis accelerates China’s ascent, but what role will it play?BEIJING — The auto-parts maker Delphi Corp. is headquartered in Troy, Mich., in the heart of the region that made the United States the car capital of the world. It’s a place where the phrase “buy American” is right at home. Brewer Anheuser-Busch InBev sell SeaWorld, Busch theme parks to Blackstone for at least $2.3BAnheuser-Busch InBev said Wednesday it will sell its theme parks, including the three SeaWorlds and two Busch Gardens across the country, to private equity firm Blackstone Group for at least $2.3 billion. Anheuser-Busch InBev raises $2.7 billion from selling theme parks to Blackstone GroupBRUSSELS — Anheuser-Busch InBev says it will sell its U.S. theme parks to the Blackstone Group for $2.7 billion. Anheuser-Busch InBev raises $2.7 billion from selling SeaWorld, Busch Gardens theme parksBRUSSELS — Anheuser-Busch InBev SA, the world’s largest brewer, said Thursday that it will raise $2.7 billion from selling its U.S. theme parks to the Blackstone Group. Tips on how to safeguard your security and privacy when staying in a hotelNEW YORK — The case of an ESPN reporter who was videotaped through a peephole in her hotel room door shows how easy it is for a hotel guest’s security and privacy to be violated. Here are some tips for staying safe in hotels. Oil falls below $70 a barrel as traders focus on weak US demandNEW YORK — Oil prices fell Wednesday as traders shrugged off an unexpected drop in crude supplies and focused instead on government data that showed Americans still have little appetite for more petroleum. Oil rises slightly after government reports crude supplies drop unexpectedlyNEW YORK — Oil prices rose Wednesday after the government reported an unexpected drop in crude supplies. ESPN video case shows holes in how hotel industry handles reservations, guest privacy issuesNEW YORK — The hotel industry is reexamining guest privacy safeguards in light of the case of an ESPN reporter who was videotaped nude through the peephole of her hotel room door, allegedly by a man who reserved an adjacent room. Costco 4th-quarter profit slips partly on stronger dollar, but tops analysts’ estimatesNEW YORK — Costco Wholesale Corp. said Wednesday that its fiscal fourth-quarter profit fell 6 percent, partly on the stronger dollar and increased employee benefit costs, but results beat analysts’ estimates. Kroger feeds store-brand product lines from own network of food-manufacturing plantsSPRINGDALE, Ohio — Ice cream swooshes out of metal nozzles and swirls into 38,000 “party pails” per day here, one of many ways Kroger Co. is using its massive manufacturing capability to feed growing demand for low-priced store brands. Colo. Safeway, King Soopers workers reject latest contract offer, ask for more talksDENVER — A union representing Colorado grocery workers says members statewide have voted to reject the latest contract offers from Safeway and the Kroger Co.’s King Soopers and City Market chains. After 4 years, auto parts supplier Delphi emerges from Chapter 11 as new companyNEW YORK — Auto parts supplier Delphi finally exited bankruptcy protection on Tuesday nearly four years to the day it filed for Chapter 11. Boeing, MGM Mirage, Corning, Avocent, Pepsi Bottling Groupare among big market movers TuesdayNEW YORK — The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange: Strong business in China boosts 3rd-qtr profit 18 pct at KFC owner Yum Brands to $334 millionLOUISVILLE, Ky. — A robust performance in China helped chain-restaurant operator Yum Brands Inc. post 18 percent growth in its third-quarter profit, easily beating Wall Street forecasts. Flame chandeliers? Burger King sets sights on Paneras of the world with restaurant overhaulCHICAGO — Burger King Corp. plans to swap its generic fast-food feel and bland tiles and tabletops for a vibe that’s more sit-down than drive-through. French company trumpets cost savings of tires, shows legendary Michelin Man battling gas pumpNEW YORK — Michelin rolled out a global media campaign on Tuesday that touts the cost savings of its tires as it fights for market share in an increasingly competitive market. Neiman Marcus holiday book not all fantasy: Gifts under $250 give a nod to frugalityNEW YORK — With even super affluent shoppers tightening their Gucci belts, luxury retailer Neiman Marcus Group Inc. unveiled its Christmas Book Tuesday with a nod to this new frugality. PepsiCo Inc. reports on its 3rd qtr Thursday; analysts expect soft drink sales to keep fallingMILWAUKEE — Soft drink and snack maker PepsiCo Inc. reports earnings for its fiscal third quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period. UK manufacturing down on the month in August, but car registrations, house prices riseLONDON — Manufacturing output in the United Kingdom fell during August, official statistics showed Tuesday, overshadowing more upbeat data on house prices and car sales and suggesting economic recovery will be slow. Agriculture secretary: Struggling US dairy industry must be restructured to stabilize pricesBATH, S.D. — The struggling U.S. dairy industry must be restructured to avoid cycles of boom and bust, Agriculture Secretary Tom Vilsack said Monday, less than a week after Congress announced a $350 million dairy bailout. Retail group downcast about holidays, and Sept.. may have brought sector its 13th monthly dropNEW YORK — After parents cut back on clothes and accessories for children this past fall, the retail industry suspects they won’t be any more generous by the holidays. FTC: Bloggers must disclose freebies or payments; testimonials to reflect typical resultsThe Federal Trade Commission on Monday took steps to make product information and online reviews more accurate for consumers, regulating blogging for the first time and mandating that testimonials reflect typical results. Restaurant operator Yum Brands to report on its third-quarter earnings TuesdayLOUISVILLE, Ky. — Yum Brands Inc. is scheduled to report its earnings for its fiscal third quarter on Tuesday after the market closes. The following is a summary of key developments and analyst opinion related to the period. CityCenter on Las Vegas Strip cutting condo prices 30 percent when existing buyers close dealsLAS VEGAS — Developers of the $8.5 billion CityCenter on the Las Vegas Strip plan a 30 percent price cut on condos there that people have already agreed to buy, just help close the deals during the recession. Chrysler CEO shakes up management in bid to boost sales; splits Dodge into truck, car groupsDETROIT — With sales down sharply and pressure to start generating cash before government loans run out, Chrysler CEO Sergio Marchionne shook up his executive team Monday, replacing two of his brand managers after just four months and splitting Dodge into car and truck units. Pies and Wings: Pizza Hut sees winning combination in promoting WingStreet brandLOUISVILLE, Ky. — Want some wings with that pie? Pizza Hut is banking on it, with new marketing for its chicken wings, now sold in about half the chain’s 6,200 U.S. restaurants. Oil reverses early losses, settles above $70 on strong stocks and weak dollarOil prices pushed through early losses to settle above $70 a barrel Monday on the coat tails of strong equity markets and weakness in the U.S. dollar. AP Enterprise: United States has no reliable system to track defective medical implantsNEW YORK — Three years ago, the maker of a surgical clip called the Hem-o-lok issued an urgent recall notice warning doctors to stop using the fasteners on living kidney donors. It said the clips could dislodge in their bodies, with “serious, even life-threatening consequences.” |
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