US Business News

Target's Quarter Lacks Spring

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Target posted a 29% drop in quarterly earnings and lowered its outlook, citing weak sales in seasonal and weather-related categories.

Pesticides Make a Comeback

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Sales of insecticides are surging after years of decline, as U.S. corn planting expands and a genetic modification used to protect crops from pests has started losing its effectiveness.

Dimon Strengthens Grip at J.P. Morgan

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J.P. Morgan shareholders rejected a proposal to split James Dimon's dual roles as chief executive and chairman, and re-elected all the members of the bank's board.

Phone Firms Sell Data on Customers

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Big phone companies have started to sell the data they gather about subscribers' locations, travels and Web-browsing habits, providing a powerful tool for marketers but raising new privacy concerns.

Ford to Increase North American Output

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Ford plans to increase its North American manufacturing capacity by 200,000 vehicles through a series of production-line expansions and a shortening of its summer shutdowns.

Cooler Weather Hurts Lowe's

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Lowe's net profit rose 2.5% as the home-improvement retailer reported slightly lower expenses, but revenue was almost flat and results missed Street estimates.

Lower Sales Hit Staples Profit

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Staples said quarterly net profit fell 9.2% as the office-supplies retailer's North American and European same-store sales continued to weaken.

Samsung Buys Stake in Local Handset Firm

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Samsung is stepping up investments to beef up its mobile business, this time taking a 10% stake in a local handset maker.

Gupta Makes Case for Appeal

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Rajat Gupta asked a federal appeals court to set aside his insider-trading conviction because he said wiretaps were improperly allowed as evidence.

Microsoft Shows Off Xbox One Console

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Microsoft unveiled a reinvented Xbox game console that demonstrated the software giant's most aggressive play yet for control of consumers' living rooms.

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