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Hobby Lobby tests birth-control coverage mandate
In the most prominent challenge of its kind, Hobby Lobby Stores Inc. asked a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the morning-after pill. The Oklahoma City-based arts-and-crafts chain argued ...
Study: No higher cancer rate at Conn. Pratt plant
Researchers examining the incidence of brain cancer at jet engine manufacturer Pratt & Whitney in Connecticut say they have found no statistically significant elevations in the rate of cancer among workers. The researchers at the University of Pittsburgh and the University of Illinois at Chicago said Thursday they identified 723 ...
New rules for labeling meat go into effect in US
Shoppers in the U.S. will soon have more information about where their meat comes from after new federal labeling rules went into effect Thursday. The rules require labels on steaks, ribs and other cuts of meat to say where the animal was born, raised and slaughtered. Earlier U.S. Department of ...
Procter & Gamble brings back A.G. Lafley as CEO
Procter & Gamble is bringing back former CEO A.G. Lafley to its top post in a surprise move as the world's largest consumer goods maker tries to grow globally. Lafley, 65, replaces CEO Bob McDonald, effective immediately. McDonald, who will retire June 30 after a transition period, served as CEO ...
Gap back in style as 1Q profit jumps 43 percent
After years of struggle, Gap is back in style. Gap Inc., which owns The Gap, Old Navy and Banana Republic clothing chains, on Thursday reported a 43 percent jump in its fiscal first-quarter net income, as the company continues to reap benefits from the turnaround plan that it began early ...
Ralph Lauren's 4Q profit rises 35 pct
Ralph Lauren Corp. reported a 35 percent increase in fourth-quarter profit as the luxury retailer benefited from lower cotton prices and cost controls. But the seller of Polo and other brands saw its stock fall Thursday because its revenue fell below Wall Street expectations amid poor weather, economic challenges in ...
Stocks edge lower as investors reassess Fed fears
Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower. U.S. markets plummeted immediately after the opening bell Thursday following a global slump prompted partly by an unexpected slowdown in Chinese manufacturing. Concern that the Federal Reserve might ease back on its ...
House backs variable rate student loans
Dismissing a veto threat from President Barack Obama, lawmakers in the House passed legislation that links student loan rates to the ups and downs of the financial markets in a vote largely along party lines. The Republican-backed bill would allow students to dodge a scheduled rate hike for students with ...
87-year-old woman loses to Trump in civil case
An 87-year-old grandmother took on billionaire Donald Trump. And on Thursday — she lost. Jurors sided with the real estate mogul-turned-TV showman in a weeklong civil trial focused on Jacqueline Goldberg's claim that Trump cheated her in a condo bait-and-switch scheme in a Chicago skyscraper he built. The federal jury ...
ECB official: New bank authority 'indispensable'
European Central Bank President Mario Draghi said it was "imperative" that Europe's leaders create a new agency with powers to restructure busted banks in order to help the region leave its economic and financial crisis behind it once and for all. In the text of a speech to be delivered ...
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