Consumer products and services

February 16, 2019 - 10:11 am
CHICAGO (AP) — In a story Feb. 15 about a Department of Energy lithium-ion battery research and development project, The Associated Press reported erroneously the amount that would be spent over three years and the name of Hans Eric Melin's company. The correct amount is $15 million, not $15...
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FILE- This Aug. 23, 2006, file photo shows a Payless store front is seen in Philadelphia. Paylesss ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico, joining a list of iconic names like Toys R Us and Bon-Ton that have been shuttered in the last year. The Topeka, Kansas-based chain said Friday, Feb. 15, 2019 it will hold liquidation sales starting Sunday and wind down its e-commerce operations. (AP Photo/Matt Rourke, File)
February 15, 2019 - 7:36 pm
NEW YORK (AP) — Payless ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico, joining a list of iconic names like Toys R Us and Bon-Ton that have closed down in the last year. The Topeka, Kansas-based chain said Friday it will hold liquidation sales starting Sunday...
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FILE- In this May 7, 2018, file photo a delivery man unloads cases of soft drinks from a Pepsi truck in New York. PepsiCo Inc. reports earns on Friday, Feb. 15, 2019. (AP Photo/Mark Lennihan, File)
February 15, 2019 - 10:28 am
PURCHASE, N.Y. (AP) — PepsiCo moved to a profit in its fourth quarter, getting a boost from a large tax benefit as sales in its Frito-Lay unit North America strengthened. Shares rose $2.36, or 2.1 percent, to $114.95 in Friday morning trading. The food and beverage company recorded a $5.3 billion...
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FILE- In this Dec. 17, 2018, file photo, a pair of athletic shoes designed for the military are laced up at a New Balance factory in Norridgewock, Maine. On Friday, Feb. 15, 2019, the Federal Reserve reports on U.S. industrial production for January. (AP Photo/Robert F. Bukaty, File)
February 15, 2019 - 10:18 am
WASHINGTON (AP) — U.S. industrial production fell 0.6 percent in January, stemming in large part from an 8.8 percent plunge in the making of motor vehicles and auto parts. The Federal Reserve said Friday that that the manufacturing component of the index dropped 0.9 percent last month, reversing a...
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FILE - In this March 8, 2018 file photo photo Volkswagen cars are pictured during a final quality control at the Volkswagen plant in Wolfsburg, Germany. Germany's economic growth has stagnated in the last three months of the year. (AP Photo/Michael Sohn, file)
February 15, 2019 - 8:50 am
MILAN (AP) — The European carmakers' association says new passenger car sales in the region dropped by 4.6 percent in January, weighed down by big declines in Spain and Italy. Despite the drop, the association said Friday that the 1.2 million cars sold last month in the European Union marked the...
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FILE- In this Aug. 9, 2018, file photo, Customers stand outside Ikea's first store in India as it opened in Hyderabad, India. India is a test case for whether Ikea should keep shifting resources toward emerging economies, including Latin America and China, given the saturation of markets in Europe and the United States, and the possibility of another global recession. Six months after Ikea opened its first store in Hyderabad, the 400,000-square-foot cornucopia of furniture, linens, kitchenware and other goodies is drawing between 10,000 and 30,000 visitors per day. (AP Photo/Mahesh Kumar A, File)
February 15, 2019 - 12:23 am
HYDERABAD, India (AP) — In Hyderabad's bustling Nampally furniture market, customers explore a crowded, dusty labyrinth of shops, haggle over prices and work with carpenters to design made-to-order housewares. This is the competition Swedish giant Ikea faces in tackling the $40 billion Indian...
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In this Thursday, Feb. 14, 2019, photo, people walk by an electronic stock board of a securities firm in Tokyo. Asian shares were broadly lower on Friday, Feb. 15, 2019, tracking a weak Wall Street session as traders awaited the conclusion of U.S.-China talks in Beijing. (AP Photo/Koji Sasahara)
February 14, 2019 - 11:47 pm
SINGAPORE (AP) — Asian shares were broadly lower on Friday, tracking a weak Wall Street session as traders awaited the conclusion of U.S.-China talks in Beijing. Japan's benchmark Nikkei 225 retreated 1.2 percent to 20,886.27 and the Kospi in South Korea tumbled 1.6 percent to 2,189.50. Hong Kong's...
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FILE - In this June 5, 2017 file photo, Eric Danziger, CEO of Trump Hotels, left, joins Eric Trump, center, and Donald Trump Jr., both of whom are executive vice presidents of the Trump Organization, as the trio poses for a photograph during an event for Scion Hotels n New York. On Thursday, Feb. 14, 2019, the Trump Organization announced that it will no longer try to open hotels under its Scion and American Idea brands which would have been marketed to budget and mid-priced travelers. (AP Photo/Kathy Willens, File)
February 14, 2019 - 8:26 pm
NEW YORK (AP) — President Donald Trump's company is scrapping plans for two new hotel chains announced two years ago, casting blame in part on a hostile political environment. The Trump Organization said Thursday that it will no longer try to open hotels under its Scion and American Idea brands...
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FILE - In this April 19, 2010, file photo, Jill Abramson attends the 2010 Matrix Awards presented by the New York Women in Communications at the Waldorf-Astoria Hotel in New York. The former New York Times executor editor’s media critique sold just over 2,800 copies during its first week of publication, according to numbers released Thursday by NPD BookScan. (AP Photo/Evan Agostini, File)
February 14, 2019 - 5:08 pm
NEW YORK (AP) — Days of relentless publicity, much of it unwanted, did not lead to many sales for Jill Abramson's "Merchants of Truth." The former New York Times executor editor's media critique sold just over 2,800 copies during its first week of publication, according to numbers released Thursday...
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FILE- In this Dec. 24, 2018, photo a last-minute shopper scans his mobile device next to a sign marking discounts on coats at Columbia store as shoppers finish up their Christmas gift lists at the Outlet Malls in Castle Rock in Castle Rock, Colo. The On Thursday, Feb. 14, 2019, the Commerce Department releases U.S. retail sales data for December. (AP Photo/David Zalubowski, File)
February 14, 2019 - 3:45 pm
WASHINGTON (AP) — U.S. retail sales fell in December, posting the biggest drop since September 2009 and delivering more evidence that last year's holiday sales fizzled unexpectedly. Even e-commerce suffered a big setback. The Commerce Department said Thursday that December retail sales fell 1.2...
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