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Rally powers rebound in stocks day after slump
Solid gains among phone companies and some retailers helped nudge U.S. stocks higher on Thursday, a day after the stock market had its biggest drop in eight months. Banks also recouped some of their losses. Energy and materials stocks fell. The rally came a day after the market’s worst drop since...
By Alex Veiga The Associated Press FULL STORY
Gap shares climb after profit exceeds expectations
Shares of Gap climbed Thursday after the retailer reported a quarterly profit that topped Wall Street expectations. The San Francisco-based company has struggled to adjust to changes in retail, with more consumers buying online, craving discounts and spending less time at the malls where the compa...
The Associated Press FULL STORY
Wal-Mart sees online sales surge, more shoppers at stores
BENTONVILLE, Ark. — Wal-Mart saw online sales surge as it changed up its shipping offers, and drew more shoppers to its stores as well in the most recent quarter even as retail overall is more competitive. The world’s largest retailer said Thursday that sales at established stores rose for the e...
The Associated Press FULL STORY
Ralph Lauren posts quarterly loss after naming new CEO
NEW YORK — Preppy clothing retailer Ralph Lauren Corp. reported a quarterly loss and another drop in revenue on Thursday, a day after announcing a new chief executive. The latest report from the company known for its polo shirts and pony logo underscores the challenges that Patrice Louvet, who w...
The Associated Press FULL STORY

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