Retail and wholesale

November 17, 2018 - 1:16 pm
FORT LAUDERDALE, Fla. (AP) — Florida is suing the nation's two largest drugstore chains, Walgreens and CVS, alleging they added to the state and national opioid crisis by overselling painkillers and not taking precautions to stop illegal sales. Attorney General Pam Bondi announced late Friday that...
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FILE- In this Nov. 8, 2018, file photo traders Eric Schumacher, left, and Richard Deviccaro work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Nov. 16. (AP Photo/Richard Drew, File)
November 16, 2018 - 5:26 pm
Wall Street capped a day of volatile trading with a late-afternoon buying spree that sent U.S. stock indexes to a mostly higher finish Friday. Despite the 11th-hour rally, the benchmark S&P 500 index ended with its second weekly loss in four weeks. Gains in health care and energy companies...
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This cover image released by Crown shows "Becoming," by Michelle Obama. Crown Publishing told The Associated Press on Friday that the former first lady’s memoir had sold more than 725,000 copies after its first day of publication. “Becoming” came out Tuesday, the same day Obama launched a national book tour. (Crown via AP)
November 16, 2018 - 1:10 pm
NEW YORK (AP) — Michelle Obama's "Becoming" is already well on its way to selling a million copies. Crown Publishing tells The Associated Press on Friday that the former first lady's memoir had sold more than 725,000 copies after its first day of publication. "Becoming" was released on Tuesday, the...
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November 15, 2018 - 8:34 am
WASHINGTON (AP) — U.S. retail sales rose at a healthy pace in October, though the gains were likely boosted by one-time factors such as hurricane recovery spending and higher gas prices. The Commerce Department said Thursday that retail sales rose a seasonally adjusted 0.8 percent last month,...
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FILE- This Nov. 9, 2018, file photo shows a Walmart Supercenter in Houston. Walmart Inc. reports earnings Thursday, Nov. 15. (AP Photo/David J. Phillip, File)
November 15, 2018 - 7:59 am
NEW YORK (AP) — Walmart reported strong sales online and in its established store sales for its fiscal third quarter, and raised profit expectations for the year heading into the holiday shopping season. The report Thursday suggests that efforts by Walmart to improve the experience of its customers...
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FILE- In this Friday, Nov. 9, 2018, file photo trader Thomas Ferrigno, right, and specialist Gregg Maloney work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Nov. 13. (AP Photo/Richard Drew, File)
November 13, 2018 - 2:07 pm
U.S. stock indexes veered mostly higher in afternoon trading Tuesday, on course to recoup some of the market's big losses from a day earlier. Gains in technology companies, banks and industrial stocks outweighed losses in household goods sellers, utilities and elsewhere in the market. Energy stocks...
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FILE - In this July 7, 2017, file photo, Flipkart Group Chief Executive Officer and co-founder Binny Bansal poses during a photo call at the company's headquarters in Bangalore, India. Bansal, the co-founder of Flipkart, the massive online retail operation in India acquired by Walmart this year, is stepping down following an allegation of serious personal misconduct. Walmart, which purchased a $16 billion controlling stake in Flipkart Group in May, said Tuesday, Nov. 13, 2018, that an independent investigation done on behalf of both companies did not find evidence corroborating the allegation against Bansal, but it did reveal lapses in judgment on his part. (AP Photo/Aijaz Rahi, File)
November 13, 2018 - 7:54 am
NEW YORK (AP) — The co-founder of Flipkart, the massive online retail operation in India acquired by Walmart this year, has stepped down as CEO following an allegation of serious personal misconduct. Walmart, which purchased a $16 billion controlling stake in Flipkart Group in May, the largest...
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November 13, 2018 - 7:52 am
NEW YORK (AP) — Amazon is hard to escape. Whether you've bought shoes at Zappos, picked up milk at Whole Foods or listened to an audiobook on Audible, you've been caught up in Amazon's growing web of businesses. And now, Amazon's sprawling empire will stretch even further. The company is expected...
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A worker talks on his cellphone as he uses his laptop computer at the command center at the headquarters of e-commerce retailer JD.com in Beijing, Sunday, Nov. 11, 2018. Online shoppers spent more than $14 billion within the first two hours of China's annual buying frenzy on Sunday, once again breaking records as the consumer tradition enters its 10th year. (AP Photo/Mark Schiefelbein)
November 11, 2018 - 10:04 am
SHANGHAI (AP) — Online shoppers in China have shattered last year's record of $24 billion in sales on the country's annual buying frenzy Sunday, as the tradition marked its 10th year. The spending binge has for years eclipsed Cyber Monday in the U.S. for online purchases made on a single day. This...
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November 09, 2018 - 5:12 am
BERLIN (AP) — Germany's antitrust authority has cleared the planned merger of the country's two main department store chains, ruling that it doesn't threaten competition at a time when online retail is rising. The Federal Cartel Office said Friday that the two companies exceed a combined 25 percent...
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