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Home Depot’s third-quarter results were mixed due to fewer violent storms reaching shore, more anxiety among consumers and a sluggish housing market, company officials said. The company lowered its fiscal 2025 adjusted earnings forecast but raised its expectations for sales growth. For the three months that ended Nov. 2, Home Depot earned $3.6 billion, or [...]
DEARBORN, Mich. (AP) — Ford Motor Co.’s new headquarters, the carmaker’s first central office switch since Dwight Eisenhower was president, is double the size of its old one with room for twice as many employees. The new HQ, for which a grand opening event was held last weekend, has seven restaurants as part of a [...]
Airlines say they are optimistic they can resume normal operations just a few days after the federal government lifts its order to cut some flights at 40 busy airports. Currently, it’s not clear how soon that will happen even though the federal government shutdown is done. The Federal Aviation Administration did announce last week that [...]
Disney’s fourth-quarter performance was mixed as a weaker performance from its television networks and some films was buffered by strength in its streaming business and theme parks. The Walt Disney Co. earned $1.31 billion, or 73 cents per share, for the three months ended Sept. 25. It earned $460 million, or 25 cents per share, [...]
Wendy’s plans to close hundreds of restaurants in the United States over the next few months in an effort to boost its profit and make its remaining stores more appealing. The Dublin-based chain said during a conference call with investors that it planned to begin closing restaurants in the fourth quarter of this year. The [...]
NEW YORK (AP) — American shoppers are expected to spend more during this holiday shopping season than last year, according to the 2025 forecast from the National Retail Federation. The forecast estimates that shoppers will collectively spend between $1.01 trillion and $1.02 trillion in November and December, an increase of 3.7 percent to 4.2 percent [...]
Eleven states and Kentucky’s governor are suing the Trump administration over what they call “unlawful terms” placed on federal funding critical to supporting local disaster and terrorism preparedness. The predominantly Democratic-led states, which include Michigan, Oregon and Arizona, along with Kentucky Gov. Andy Beshear sued the Department of Homeland Security and Federal Emergency Management Agency [...]
WASHINGTON (AP) — The Trump administration and private investors are partnering with two rare-earth startups in a $1.4 billion deal to scale up the nation’s access to materials and technology that analysts say is crucial for producing an array of high-tech goods and military equipment. The investment in Vulcan Elements and ReElement Technologies is the [...]
ALBUQUERQUE, N.M. (AP) — The Trump administration says it will be initiating formal meetings with Native American tribes in the Southwest as it considers revoking a 20-year ban on oil and gas development across of hundreds of square miles of federal land surrounding Chaco Culture National Historical Park. The Bureau of Land Management made the [...]
Kimberly-Clark is buying Tylenol maker Kenvue in a cash and stock deal worth about $48.7 billion, creating a massive consumer-health goods company. Shareholders of Kimberly-Clark will own about 54 percent of the combined company. Kenvue shareholders will own about 46 percent in what is one of the largest corporate takeovers this year. The combined company [...]