WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

Alpha says lenders offer $500M for coal producer’s assets
CHARLESTON, W.Va. (AP) — Alpha Natural Resources says it has received a $500 million offer from existing lenders for the potential sale of the bankrupt coal producer’s core assets. Bristol, Virginia-based Alpha announced the offer in a filing...
Feb 9, 2016 | 12:09 PM
Companies lose billions buying back their own stock
NEW YORK (AP) — If you think your stocks are doing poorly, check out the performance of some of the most sophisticated investors, the ones with more knowledge about what’s going on inside businesses than anyone else: Companies that buy their...
Feb 9, 2016 | 12:09 PM
The Latest: European stocks close down amid world volatility
LONDON (AP) — The latest on the turmoil afflicting global financial markets (all times local): 5:35 p.m. European stock indexes have closed lower, adding to recent losses amid heightened market volatility around the globe. After opening higher,...
Feb 9, 2016 | 12:09 PM
Red Lobster enjoys sales surge after mention in Beyonce song
NEW YORK (AP) — Red Lobster says it’s feeling the “Beyonce Bounce.” The seafood chain known for its cheddar biscuits says sales surged 33 percent on Sunday, compared with last year’s Super Bowl Sunday. The increase came after...
Feb 9, 2016 | 11:09 AM
Former executives of Haslam-owned chain face fraud charges
NASHVILLE, Tenn. (AP) — The former president of a Tennessee company owned by Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam is charged along with seven others with conspiracy to commit mail fraud and wire fraud. Mark Hazelwood...
Feb 9, 2016 | 11:09 AM
Red Lobster enjoys sales surge after mention in Beyonce song
NEW YORK (AP) — Red Lobster says it’s feeling the “Beyonce Bounce.” The seafood chain known for its cheddar biscuits says sales surged 33 percent on Sunday from a year ago. The increase came after the release of “Formation,...
Feb 9, 2016 | 10:09 AM
Gap reports 7 pct drop for a key sales figure for 4Q
NEW YORK (AP) — Gap Inc. reported slumping sales at all three brands for the crucial fourth-quarter, which covers the holiday season. The company, which operates Gap, Old Navy and Banana Republic stores, said Monday that a key revenue measure,...
Feb 9, 2016 | 10:09 AM
Rates drop on 3-month and 6-month US Treasury bills
WASHINGTON (AP) — Interest rates on short-term Treasury bills fell in Monday's auction to the lowest levels in two weeks. Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making...
Feb 9, 2016 | 10:09 AM
Business Highlights
WASHINGTON (AP) — Things looked so clear back when the Federal Reserve raised its benchmark interest rate from record lows, and it signaled the likelihood of four more hikes in 2016. Technology shares, which soared last year, were targeted for...
Feb 9, 2016 | 10:09 AM
US senator calls for investigation of cruise ship in storm
MIAMI (AP) — Federal transportation officials might soon be looking into a Royal Caribbean cruise ship that ran into high winds and rough seas in the Atlantic Ocean over the weekend. Sen. Bill Nelson has called for the National Transportation Safety...
Feb 9, 2016 | 10:09 AM