Nordstrom's profit drops 24% SEATTLE -- Luxury retailer Nordstrom Inc. said Thursday its profit fell 24 percent in the first quarter, as recession rumblings in the United States crimped even wealthier consumers' shopping habits. [More] Associated Press | May 16
Associated Press
Airbus, Honeywell team on biofuel WASHINGTON -- Plane maker Airbus and diversified manufacturer Honeywell International Inc. on Thursday said they are developing a biofuel that by 2030 could satisfy nearly a third of the worldwide demand from commercial aircraft without affecting... [More] Associated Press | May 16
Big Yahoo investor presses for ouster SAN FRANCISCO -- Saying Yahoo Inc.'s board "completely botched" takeover talks with Microsoft Corp., billionaire investor Carl Icahn on Thursday launched a bid for control of the Internet giant by nominating a slate to unseat the board of... [More] Los Angeles Times | May 16 Ask employees to help find alternatives to layoffs Even though a small company's business may be down and its revenue stream more tentative, it may be quite possible for an owner to avoid laying off employees. [More] By Joyce Rosenberg | May 16 Retailers, credit-card firms bicker over fees WASHINGTON -- Americans' increasing preference for paying with plastic has pitted retailers against credit-card companies in a dispute over the cost of the billions of transactions. [More] Associated Press | May 16 CBS snaps up CNet Networks for $1.8 billion CBS Corp. is acquiring a big online reach with its acquisition of CNet Networks Inc. but also a company that's faced heavy criticism from investors. Those concerns as well as the hefty $1.8 billion price tag helped send CBS's shares down after the... [More] May 16 Airbus teams with Honeywell to develop biofuel for jets WASHINGTON -- Plane maker Airbus and diversified manufacturer Honeywell International Inc. on Thursday said they are developing a biofuel that by 2030 could satisfy nearly a third of the worldwide demand from commercial aircraft, without affecting... [More] By Dan Caterinicchia
Associated Press | May 15 Online sales tax for Washington residents starts in July OLYMPIA, Wash. -- Starting in July, retailers will start charging sales taxes on Internet customers in Washington. About 1,100 online retailers have agreed to charge the tax to avoid being sued by the state. [More] Associated Press | May 15