Business


THURSDAY, FEB. 23, 2017

Shoppers walk into a Nordstrom store in Pittsburgh on Feb. 8. The department store operator said Thursday, Feb. 23, that it earned $201 million, or $1.15 per share, for the period that ended Jan. 28. Earnings, adjusted for non-recurring costs, were $1.37 per share. That exceeds the $1.13 per share that analysts surveyed by Zacks Investment Research were anticipating. (Gene J. Puskar / AP)

UPDATED: THURSDAY, FEB. 23, 2017, 5:09 P.M.

Nordstrom reports better-than-expected quarterly profit

Nordstrom Inc., the department store recently scolded by President Donald Trump, reported a better-than-expected quarterly profit with help from strong sales online and at Nordstrom Rack. The Seattle-based chain said Thursday that it earned $201 million, or $1.15 per share, ...

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UPDATED: THURSDAY, FEB. 23, 2017, 5:34 P.M.

SmartRecruiters plans sales office in downtown Spokane

SmartRecruiters is opening a Spokane sales office in March that will employ about 10 people. The San Francisco-based company sells systems that companies use to recruit and hire employees, including background checks and video interviews. About 40 percent of its ...

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UPDATED: THURSDAY, FEB. 23, 2017, 6:08 P.M.

Landlords are taking over the U.S. housing market

As rising home prices, slow new home construction, and demographic shifts push homeownership rates to 50-year lows, the U.S. is increasingly a country of renters-and landlords. Last year, 37 percent of homes sold were acquired by buyers who didn’t live ...

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Taco Bell spokesman Rob Poetsch said Feb. 23, 2017, that theits Naked Chicken Chalupa, a sandwhich with a shell made out of fried chicken, will be pulled from menus as it was always intended to be a limited time offer. (Gene J. Puskar / Associated Press)

THURSDAY, FEB. 23, 2017, 3:09 P.M.

Taco Bell will take popular chicken-shelled chalupa off menu

A Taco Bell treat that has a shell made entirely of fried chicken will vanish from the fast-food chain’s menu despite its popularity. Taco Bell spokesman Rob Poetsch says the Naked Chicken Chalupa always was planned as a limited-time offer and will be taken off the menu in March.

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Peoria Mayor Jim Ardis poses for a photo in Peoria, Ill. Caterpillar’s recent decision to move 300 top headquarters jobs to the Chicago area made Peoria the latest city with a vacuum to fill. Many midsize communities are looking to redefine themselves as more companies trade longtime hometowns for major cities with easier access to global markets and the lifestyle that talented young workers want, with nightlife and public transit. (Sara Burnett / Associated Press)

UPDATED: THURSDAY, FEB. 23, 2017, 6:10 P.M.

Plight of company towns: finding a new identity

Peoria Mayor Jim Ardis planned to open this year’s State of the City speech by thanking Caterpillar Inc. for its longtime commitment to the central Illinois town, declaring “We wouldn’t be Peoria without Caterpillar.” It’s been that way for decades in Peoria and in other company towns across the United States. Now many of those midsize communities are looking for a new identity as more companies trade their longtime hometowns for major cities with easier access to global markets and to the lifestyle talented young workers want, with public transit, nightlife and trendy restaurants.

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UPDATED: THURSDAY, FEB. 23, 2017, 6:11 P.M.

Apple, Intel and others don’t want conflict minerals rule rolled back

Apple doesn’t want to see it scrapped. Neither does Intel or Tiffany & Co. But the U.S. conflict minerals law – which requires American public companies to avoid using minerals that fund war and human rights abuses in the Congo region – is widely seen today as facing its most serious threat since its passage in 2010.

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THURSDAY, FEB. 23, 2017, 9:50 A.M.

Mnuchin says goal is to pass tax reform by August

Treasury Secretary Steven Mnuchin says the administration is committed to getting major tax reform legislation through Congress by August. He also says President Donald Trump’s economic proposals will boost growth significantly to annual rates above 3 percent.

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WEDNESDAY, FEB. 22, 2017








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Parting Shot

Women attempt to take a selfie amid strong winds on Westminster Bridge, London, Thursday. Flights have been cancelled and commuters were warned they faced delays after Storm Doris reached nearly ...