Corporate news

FILE- In this Nov. 9, 2017, file photo, Walmart employee Kenneth White scans items while conducting an exercise during a Walmart Academy class session at the store in North Bergen, N.J. Walmart reports financial results Tuesday, Feb. 20, 2018. (AP Photo/Julio Cortez, File)
February 20, 2018 - 4:40 pm
NEW YORK (AP) — Walmart is getting bruised in its battle with online leader Amazon. The world's largest retailer on Tuesday reported a smaller-than-expected fourth-quarter profit as it wrestled with slower e-commerce sales during the busiest time of the year. The results underscore the company's...
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India's opposition Congress party supporters shout slogansas they burn an effigy of Prime Minister Narendra Modi as they protest against the alleged $1.8 billion bank fraud in Lucknow, India, Tuesday, Feb. 20, 2018. (AP Photo/Rajesh Kumar Singh)
February 20, 2018 - 1:34 pm
NEW DELHI (AP) — India's federal investigating agency on Tuesday arrested another five executives as it swooped down on companies run by two main suspects in an alleged $1.8 billion bank fraud case that continued for six years. Central Bureau of Investigation spokesman Abhished Dayal said the five...
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FILE- In this Nov. 9, 2017, file photo, Walmart employee Kenneth White scans items while conducting an exercise during a Walmart Academy class session at the store in North Bergen, N.J. Walmart reports financial results Tuesday, Feb. 20, 2018. (AP Photo/Julio Cortez, File)
February 20, 2018 - 1:34 pm
NEW YORK (AP) — Walmart is taking some bruises from its battle with online leader Amazon. The world's largest retailer reported a lower-than-expected fourth-quarter profit and wrestled with slower e-commerce sales during the busiest time of the year, signs that underscore the company's challenges...
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FILE- In this Nov. 9, 2017, file photo, Walmart employee Kenneth White scans items while conducting an exercise during a Walmart Academy class session at the store in North Bergen, N.J. Walmart reports financial results Tuesday, Feb. 20, 2018. (AP Photo/Julio Cortez, File)
February 20, 2018 - 10:34 am
NEW YORK (AP) — Walmart reported a lower-than-expected fourth-quarter profit and wrestled with slower e-commerce sales during the busiest time of the year, signs that underscore the company's challenges in a fiercely competitive landscape. The news, announced Tuesday, overshadowed the discounter's...
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FILE - In this Oct. 2, 2014, file photo, people pass a Wall Street subway stop, in New York's Financial District. The U.S. stock market opens at 9:30 a.m. EST on Tuesday, Feb. 20, 2018. (AP Photo/Richard Drew, File)
February 20, 2018 - 10:15 am
U.S. stocks were mostly lower in the early going Tuesday as trading reopened after a long holiday weekend. Disappointing earnings from Walmart weighed on the market, which was coming off a six-day winning streak. Losses in consumer-focused stocks and other sectors outweighed gains in energy...
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February 20, 2018 - 9:36 am
NEW YORK (AP) — Guess Inc. says that co-founder Paul Marciano will give up his day-to-day responsibilities at the clothing company until a sexual misconduct investigation is completed. Model and actress Kate Upton told Time magazine earlier this month that Marciano forcibly grabbed her breasts...
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FILE - In this Feb. 23, 2015, file photo, Prince Addy of Manassas, Va., straightens up the shelves of roofing products at the Home Depot in Falls Church, Va. Home Depot a reports financial results Tuesday, Feb. 20, 2018. (AP Photo/Susan Walsh, File)
February 20, 2018 - 8:13 am
NEW YORK (AP) — A strong home-improvement market pushed Home Depot's profit higher in the fourth quarter, topping expectations. The Atlanta company's profit rose 5.6 percent to $1.78 billion, or $1.52 per share, for the three months ended Jan. 28. Earnings, adjusted for pretax expenses, were $1.69...
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FILE- In this Nov. 9, 2017, file photo, Walmart employee Kenneth White scans items while conducting an exercise during a Walmart Academy class session at the store in North Bergen, N.J. Walmart reports financial results Tuesday, Feb. 20, 2018. (AP Photo/Julio Cortez, File)
February 20, 2018 - 7:58 am
BENTONVILLE, Ark. (AP) — Walmart reported a fourth-quarter profit that missed Wall Street expectations and struggled with slower e-commerce sales during the period. Its shares slipped more than 6 percent before the market open on Tuesday. Still, the world's largest retailer announced better-than-...
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FILE - In this Feb. 23, 2015, file photo, Prince Addy of Manassas, Va., straightens up the shelves of roofing products at the Home Depot in Falls Church, Va. Home Depot a reports financial results Tuesday, Feb. 20, 2018. (AP Photo/Susan Walsh, File)
February 20, 2018 - 7:41 am
NEW YORK (AP) — A strong home-improvement market pushed Home Depot's profit higher in the fourth quarter, topping expectations. The Atlanta company's profit rose 5.6 percent to $1.78 billion, or $1.52 per share, for the three months ended Jan. 28. Earnings, adjusted for pretax expenses, were $1.69...
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Wynn Resorts new CEO Matt Maddox reacts as he speaks during an interview at Wynn Las Vegas Monday, Feb. 19, 2018, in Las Vegas. Maddox says he was not aware of any of the sexual misconduct accusations against casino mogul Steve Wynn before they surfaced in a news report last month. He was appointed CEO on Feb. 6 after Wynn resigned. (AP Photo/Isaac Brekken)
February 20, 2018 - 1:56 am
LAS VEGAS (AP) — The new CEO of Las Vegas-based Wynn Resorts said he was not aware of any of the sexual misconduct accusations against casino mogul Steve Wynn before they surfaced last month. Matt Maddox, who was appointed CEO on Feb. 6 after Wynn resigned, added that people should "hold off making...
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