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Macy’s profit, sales rise even as some shoppers pull back

By Phil Wahba (Reuters) – Macy's Inc reported higher first-quarter profit and sales on Wednesday as it won market share from rival department stores. The company's shares closed up 2.5 percent at $48.57, near a year high Continue reading

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Syrian rebels unite to retake strategic town near Damascus

By Mariam Karouny BEIRUT (Reuters) – Syrian rebels including the al Qaeda-linked Nusra Front have counter-attacked east of Damascus to retake a town that served as a conduit for arms from Jordan into the capital before it was seized by government forces last month, rebel sources said. The rebels' struggle to end four decades of Assad family rule has been complicated in part by internal divisions along ideological and political lines, as well as a shortage of heavy weaponry that could decisively turn the tide of conflict. .. Continue reading

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OKC Thunder Star Kevin Durant Calls Truce in ‘Durantula’ Lawsuit

Oklahoma City Thunder all-star Kevin Durant has overcome his fear of spider-ly lawsuits … Continue reading

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‘That’s So Raven’ Star Orlando Brown — Another Day, Another Bench Warrant

What’s worse — getting a bench warrant issued for your arrest or having to take a moment to figure out which DUI arrest case the warrant is for?Case in point … TMZ has learned “That’s So Raven” star Orlando Brown was on the receiving end of… Continue reading

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True Religion Finds Savior in $835M TowerBrook Buyout

NEW YORK (TheStreet) — High-end jeans and clothing chain True Religion is being bought by private-equity firm TowerBrook Capital Partners in a $835 million deal that values the company’s shares at $32 in cash. Were TrueReligion shareholders to accept Friday’s takeover offer, the company will fall into the hands of a PE firm with experience in the high-end retail industry. TowerBrook has owned apparel brands such as Jimmy Choo, Odlo, BevMo! And Phase Eight, the fund said in a statement Continue reading

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As U.S. earnings estimates rise and fall, a guess may be best

By Caroline Valetkevitch NEW YORK (Reuters) – Following U.S. Continue reading

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Velodyne Provides a Feast for the Eyes AND Ears with New Artistic Headphones at High End Munich

After 30 years of providing customers with legendary, in-home theater sound, Velodyne Inc. is proud to announce its launch of sculptural headphones at High End Munch 2013. Velodyne provides a feas… Continue reading

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BofA fires back at New York over modification violations

Bank of America Corp has fired back at New York Attorney General Eric Schneiderman after he threatened to sue the bank for violating the terms of a $25 billion settlement designed to end mortgage servicing abuses. Continue reading

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Yen hits 4-1/2-year low vs dollar, oil and gold tumble

By Herbert Lash NEW YORK (Reuters) – The yen slid to a 4-1/2-year low against the dollar on Friday, triggering a sell-off in oil and gold as well as safe-haven U.S. and German debt, after recent signs of strength in the U.S. labor market added to bullish sentiment on the dollar. Continue reading

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Yen hits four-and-half-year low vs dollar, oil and gold tumble

By Herbert Lash NEW YORK (Reuters) – The yen slid to a 4-1/2-year low against the dollar on Friday, triggering a sell-off in oil and gold as well as safe-haven U.S. and German debt, after recent signs of strength in the U.S. labour market added to bullish sentiment on the dollar. Continue reading

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