Despite a January lawsuit settlement, many merchants are still dinging users. Insisting on minimum purchase amounts is also a no-no.
The domestic diva is reportedly insisting on high-end materials for her line of home products, raising profit concerns for the struggling retailer.
Martha Stewart is known for her high-end tastes, blogging to her fans about the pleasures of "thick and fluffy Turkish towels" and "finely ironed linens."
At issue is a deal Penney struck with Martha Stewart Living Omnimedia (MSO) to sell household products branded with Stewart's name, as part of the retailer's strategy to lure new shoppers.
Stewart is insisting that her products for J.C. Penney incorporate high-end materials -- such as top-quality fabrics and packaging components -- leading to concerns among its executives that the retailer will lose money on the goods, the Post notes.
California growers are spearheading output of the popular green nuts, helping the US surpass Iran in production.
Iran and the United States have been at odds for decades over a variety of issues. But competition between the two countries over pistachio production has apparently become a matter of national pride.
Iran has long been the world’s largest producer of pistachios. The Associated Press says pistachios are among the nation’s top non-oil exports, with production there at over 200,000 tons a year and accounting for about $1.5 billion annually. Pistachio production also employs hundreds of thousands of Iranians, and much of that produce is consumed domestically.
Iran’s Fars News Agency recently described the U.S. as a "key rival" in pistachio production, and just last month noted that the Iranian pistachio, "which enjoys high health standards and good quality, has beaten the American rival even in the U.S. market for years."
A study of 300,000 real estate listings finds some phrases can work wonders when it comes to attracting potential buyers.
Want to sell your home? A survey suggests that certain phrases and buzzwords in real-estate ads help move some properties faster --- and that those terms can vary depending on where you live and the neighborhood price range.
A study by Point2Homes.com of 300,000 real estate listings made last year found certain words or phrases highlighting a property's attributes and upgrades "seem to carry a special weight with people looking for a home."
Certain terms were universally popular. As you might expect, "beautiful" was the most frequently used word in overall real estate listings, followed by "hardwood floors" and "stainless-steel appliances."
But the study found a localized popularity of some terms or phrases, depending on the region.
Stranded customers are adding some perspective after the disabled liner finally reaches port.
The reports from the ship's more than 4,000 passengers, however, are a bit more measured than early dispatches from a ship so hobbled that it will be taken out of service for 12 more cruises. When CNN's Martin Savidge interviewed passenger Rob Kenny and compared conditions on the boat to those experienced in New Orleans during Hurricane Katrina in 2005, Kenny was quick to draw the distinction.
"Well, let's put that in perspective,” he said. “Katrina was a major a devastation. We're out on a freaking cruise ship, and just out here having a good time. . . those are two different things."
An internal memo says higher payroll taxes and delayed tax refunds are killing early sales for the month. The shares are the biggest drag on the Dow.
Wal-Mart Stores (WMT) shares slid Friday afternoon after Bloomberg News reported that the retail giant had its worst monthly sales start in at least seven years as payroll-tax increases hit shoppers already battling a slow economy.
"In case you haven't seen a sales report these days, February MTD (month-to-date) sales are a total disaster," Jerry Murray, Wal-Mart’s vice president of finance and logistics, said in a Feb. 12 email to other executives. "The worst start to a month I have seen in my ~7 years with the company."
Wal-Mart had been expecting a strong start to February because of the Super Bowl, milder weather and paycheck cycles, according to the minutes of a Feb. 1 officers' meeting Bloomberg obtained. January sales had disappointed as well.
The cantankerous billionaire insists the investment is nothing personal, however, even after his explosive argument with rival Bill Ackman over the stock.
Ichan, who has made billions over the decades through his shareholder activism, told CNBC that his decision to invest in Herbalife wasn't motivated by any personal animosity he has toward Ackman.
"I'm not going to lie to you and say if he gets squeezed, I'm going to cry and do penance," he told the business-news channel. "The fact that I don't like Ackman you can say is the strawberry on top of the ice cream."
Shares of Herbalife rose about 6% Friday on news of Icahn's investment.
While most of country is getting hit with higher taxes, the social-media giant got a pass -- and even got $429 million in refunds.
Taxes are said to be one of life's inevitabilities -- unless you're Facebook (FB), which last year not only didn't pay a cent in federal or state income taxes, but actually will receive tax refunds of $429 million, according to a new report.
The reason? Even though Facebook made a pre-tax profit of $1.06 billion last year, it benefited from a tax break: the tax deductibility of executive stock options, the report from the Citizens for Tax Justice says.
That reduced Facebook's federal and state income taxes by $1.03 billion last year. But it also is carrying forward another $2.17 billion in additional tax-option tax breaks for use in future years, the report says. Altogether, that means Facebook will shave off a total of more than $3 billion in current and future taxes.
Financial regulators had no straight answers about taking banks to trial, but the Democratic Senator's banking committee debut was more about setting examples than starting reform.
If this was the plan of Congressional Republicans, Wall Street lobbyists and outgoing Treasury Secretary Tim Geithner when they opposed her taking the director's seat at the consumer bureau back in 2011, then well played.
Now a freshman Democratic Senator from Massachusetts, Warren's first hearing boiled down to one question that Americans have been positing since the financial crisis began roughly five years ago: When was the last time anybody took a Wall Street bank to trial instead of reaching a settlement?
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While incompetent bosses like Michael Scott and Andy Bernard typically can’t survive in the workplace, office romances are a very real part of corporate culture.
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[BRIEFING.COM] The S&P 500 ended this week with a bang, roaring to a new all-time high on the back of stronger-than-expected economic data, influential leadership, and an ongoing appreciation for the Fed's monetary policy support.
The bullish bias was evident in premarket action as the S&P futures pointed to a higher start without the benefit of any definitive news catalyst. Stocks indeed benefited from a blast of buying interest at the opening bell on this ... More
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All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.