WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

Gap's 1Q profit down 8 percent on currency fluctuations
NEW YORK (AP) — Gap Inc. reported an 8 percent decline in its first-quarter profit, as results were hurt by currency fluctuations and persistent sluggish sales at its Gap and Banana Republic stores. Gap is among the companies struggling with the...
May 22, 2015 | 12:22 PM
Aviation agency unveils messaging system to reduce delays
NEWARK, N.J. (AP) — A system that replaces verbal communication between pilots and air traffic controllers with computerized messages was unveiled Thursday by federal aviation officials, who said the system will reduce delays during weather events...
May 22, 2015 | 12:22 PM
PayPal's new chief promises new services for a mobile world
SAN FRANCISCO (AP) — As PayPal prepares to split from its corporate parent, its new chief executive is promising to expand the popular online payment system, adding a variety of services for consumers to use when shopping on their phones or in...
May 22, 2015 | 11:22 AM
Expedia sells stake in Chinese travel service
NEW YORK (AP) — Expedia sold its entire stake in eLong, a Chinese travel service, to a group of businesses based in China for roughly $671 million. The news sent shares of the online travel company up more than 5 percent in midday trading Friday....
May 22, 2015 | 11:22 AM
Prosecutors: Professor offered China data on US-made device
The chairman of Temple University's physics department was arrested in what prosecutors said was a scheme to provide U.S. technology secrets to China in exchange for prestigious appointments.
May 22, 2015 | 9:22 AM
US stocks mostly unchanged on lower oil, higher inflation
NEW YORK (AP) — U.S. stocks were mostly unchanged in late afternoon trading Friday as energy companies fell along with the price of oil. Investors are weighing the latest batch of corporate earnings results and a report showing a slight increase in...
May 22, 2015 | 9:22 AM
Lumber Liquidators, NetApp are big market movers
The consumer electronics retailer reported better-than-expected quarterly results as it cuts costs and revamps stores. The defense contractor reported worse-than-expected fiscal fourth-quarter results and issued a disappointing outlook. The data...
May 22, 2015 | 9:22 AM
McDonald's CEO 'proud' of pay hike; protesters want more
NEW YORK (AP) — McDonald's CEO Steve Easterbrook said Thursday he was "incredibly proud" of a decision to bump pay for some workers, even after protesters called on the company to do more outside its annual shareholder meeting. The UAW Retiree...
May 22, 2015 | 9:22 AM
Canadian e-commerce platform Shopify climbs in market debut
The Canadian company works with merchants who want to offer their own online checkout services, providing a platform for small- and mid-size businesses that sell products online. The biggest gainers have been cancer drug developer Aduro Biotech Inc...
May 22, 2015 | 9:22 AM
How the Dow Jones industrial average fared on Thursday
The stock market eked out another record close on Thursday as rising oil prices boosted energy stocks. The market's gains this week have been modest as investors wait for more signals about the strength of the economy and the timing of a possible...
May 22, 2015 | 9:22 AM