Best Buy is firing the latest salvo in the holiday shipping wars with a new option: next day shipping — with no minimum order. The offer announced Tuesday follows moves by Walmart and online leader Amazon, which started rolling out the service earlier this year. Best Buy says the next...
A top Vatican administrator is denying the Holy See risks default over its structural deficit, saying claims in a new book about possible financial ruin are overblown. Archbishop Nunzio Galantino, president of the office that manages the Vatican's real estate and other assets, told the Avvenire newspaper of the...
The U.S. government's road safety agency says traffic deaths fell by a small amount for the second straight year. The National Highway Traffic Safety Administration attributed the 2.4% drop partially to technology in newer vehicles that can prevent crashes. A total of 36,560 people died on the nation's roads...
Surging demand for delivery is pushing comparable store sales higher at McDonald's, but its' coming at a cost. Earnings at the Chicago company were flat at $2.11 per share. Wall Street was looking for per-share earnings of $2.21, according to FactSet. The burger giant said Tuesday that global sales rose...
UPS is reporting strong third quarter earnings with e-commerce driving volumes higher, particularly next-day service. Next-day air delivery volumes jumped almost 24% in the three month period. The Atlanta company on Tuesday reported net income of $1.75 billion, or $2.01 per share. Adjusted for non-recurring costs, per-share earnings were $2.07,...
Swiss prosecutors have filed their first indictment in investigations related to Brazilian construction company Odebrecht and state-run oil giant Petrobras, charging a suspect with complicity in the bribery of public officials and with money laundering. The Swiss attorney general's office didn't identify the "financial intermediary" involved in a statement...
Under Armour founder Kevin Plank will step down as CEO in the new year to become the company's executive chairman and brand chief. Patrik Frisk, who became president and chief operating officer two years ago, will be the athletic gear company's second CEO since it was founded in 1996. The...