Tuesday, May 21, 2013
Tuesday, May 21, 2013

Business

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Urban Outfitters Inc., the hipster retailer headquartered at the Navy Yard, reported Monday that it had record quarterly revenue and a 39 percent increase in profit after reining in store markdowns.
Community Medical Center in Toms River has laid off 68 employees as it eliminated 85 positions.
The Street: If Yahoo CEO Marissa Mayer feels like she needs Tumblr, at over a billion dollars, to raise Yahoo! from the dead, she's not nearly as talented as I initially thought.
Best Buy Co. on Tuesday reported a loss in its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.
The Street: Vishay Precision Group of Malvern has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas.
Your Money: If you have the guts to blow the whistle on a Wall Street investment fraud and approach U.S. regulators with your allegations, beware the case of Kathleen Furey.
U.S. Sen. Bob Casey says he doesn't have an answer to the national need for balance in creating health-care financing solutions, but he knows that National Institutes of Health funding helps put and keep jobs in the Philadelphia region.
The man charged with reviving France's shrinking economy and attracting businesses to invest there is gaining a reputation for doing the opposite.
Small-company stocks were a bright spot in a slow and choppy start to the week for Wall Street.
U.S. stock futures are down in light trading ahead of an appearance this week by Fed Chairman Ben Bernanke before Congress.
U.K.-based mobile telecoms company Vodafone has reported a 1.9 increase in annual profits despite a slowdown in much of its European operations.
Best Buy Co. on Tuesday reported a loss in its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.
British luxury brand Burberry says that the end of a perfume licensing deal depressed its bottom line, dragging net profit down 3 percent for the year ending on March 31.
Even though the weather was poor, Home Depot posted an 18 percent increase in its net income for the first quarter thanks to the ongoing housing recovery.
Germany's central bank expects the country's economy to improve "markedly" in the second quarter _ a development that could boost the wider eurozone as it struggles to get out of recession.
Even though the weather was poor, Home Depot posted an 18 percent increase in its net income for the first quarter thanks to the ongoing housing recovery.
Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt.
The Small Business Administration is starting a program to increase bank lending to veterans.
Campbell Soup Co. shares tumbled Monday despite a rebound in U.S. soup sales and an increased earnings forecast for the fiscal year that ends in July.
Insights & Analysis
Diane Mastrull: Kip Anthony was a farm boy from the Midwest who went on to become a mechanical engineer at big companies doing big things. Then the small-business bug bit.
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