Payless to Close 400 Stores, Files for Chapter 11
Privately held Payless ShoeSource has filed for Chapter 11 and announced that it will close 400 of its 4,400 stores.
All Work
Paul Ausick
Mortgage Loan Rates Show Little Movement While Applications Decline
New applications for mortgage loans declined last week and mortgage loan rates made small moves both up and down.
Seadrill, DryShips Plop Into Tuesday’s 52-Week Low Club
SeaDrill, DryShips, Rite Aid, and Valeant Pharma made new 52-week lows Tuesday.
Caterpillar, United Technologies Lead DJIA Higher Tuesday
Caterpillar, United Technologies, Boeing, and Apple sent the DJIA higher Tuesday.
Spotify, Universal Music Reach Meaningless Licensing Deal
Spotify and Universal Music Group have signed an agreement giving Spotify's paid subscribers a two-week window of access to new albums before the album becomes available to the streaming service's free tier of users.
February Home Prices Rise Most in Washington, Oregon, Colorado
U.S. home prices rose for the 61st consecutive month, according to CoreLogic's Home Price Index for February, but still remain nearly 4% below the pre-crisis peak posted in April of 2006.
Airbus Offers More Seating Capacity on Superjumbo A380
Airbus is introducing cabin equipment options that allow airlines to add more capacity to its already-gigantic doubled-decked A380.
Are International Visitors Really Avoiding the US?
Have policies and other pronouncements from the Trump administration had an impact on international travel to the United States?
Amazon Prime’s Knock-On Effect Boosts Online Shopping for All
Amazon Prime's estimated 50 million U.S. members not only spend more time shopping at Amazon, they spend more time shopping at other e-commerce sites as well.
Boeing Agrees to $3 Billion Sale of 737s to Iranian Carrier
Boeing has signed a memorandum of agreement to sell 30 737 MAX airplanes to Iran Aseman Airlines with purchase rights for another 30. The deal is the first with Iran since President Trump took…
First Solar, Rite Aid Dip into Monday’s 52-Week Low Club
Rite Aid, First Solar, Hertz, and Cenovus Energy posted new 52-week lows Monday.
DuPont, Caterpillar Weigh on DJIA Monday
DuPont, Caterpillar, American Express, and Cisco Systems weighed on DJIA Monday.
Gas Prices Higher in 46 States This Week
U.S. retail gasoline prices rose by an average of more than four cents a gallon in the past week.
Ford F-Series Pickups Gained Market Share in March
Pickup sales may account for more than 60% of all light vehicle sales in the month of March. Ford's F-Series trucks added to its market share lead last month.
Jeep Sales Slide 11% as Fiat Chrysler March Sales Drop 5%
A continuing slide in Jeep sales is too much for Fiat Chrysler to overcome, even with growing sales of minivans.
GM March Sales Rise, but Inventory Still Worries Investors
GM March sales were nearly 2% higher, but pickup sales dropped sharply and inventory level increased again.
Ford’s March Car Sales Tanked
Ford's March sales dropped 7.2% as passenger car sales tumbled by more than 25%. Even the company's top-selling F-Series pickups couldn't make up the difference.
Trump May Not Be Able to Save Coal, but China Might
Will China ascend to the environmental high moral ground now that the Trump administration has taken steps to revitalize the U.S. coal industry? Maybe, but not likely.
Can Apple Do Without Imagination?
Imagination Technologies announced this morning that Apple will stop using the British company's graphics chip and other intellectual property in the next 15 to 24 months. Imagination's shares plunged in London trading.
What You Must Know Before Subscribing to a VPN
Since the Congress recently overturned an FCC rule prohibiting internet service providers from selling personally identifiable data to third parties, interest in virtual private networks (VPNs) has soared. Here's what you should be looking…