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Nordstrom 2Q beats Wall Street expectations

Nordstrom Inc. on Thursday reported fiscal second-quarter net income of $162 million. On a per-share basis, the Seattle-based company said it had profit of 95 cents.

FCC chair: White House called about Sinclair-Tribune deal

UPDATED: Thu., Aug. 16, 2018, 5:01 p.m.

The chairman of the Federal Communications Commission, an independent agency, says a White House official called to talk about a proposed merger between Sinclair Broadcast Group Inc. and Tribune Media Co.

Walmart sees sales rise at stores and online, raises outlook

Walmart raised its financial outlook for the year after beating Wall Street’s expectations for the quarter and seeing the strongest growth in more than a decade in sales at established stores. Its shares rose nearly 10 percent.

Penney posts bigger-than-expected loss, cuts outlook

J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street’s view. The department store operator also cut its full-year forecast again, and its shares plunged 24 percent.

Stocks tumble as tech, commodities trigger fears

UPDATED: Wed., Aug. 15, 2018, 3:46 p.m.

U.S. stocks had their worst day in seven weeks Wednesday amid a broad decline in global equities as technology shares were roiled by disappointing results from Chinese internet giant Tencent Holdings Ltd. and copper sank into a bear market, weighing on commodities.

Wall Street’s yearning for quick Tesla verdict hits SEC snarl

As the bizarre Tesla Inc. go-private saga enters its ninth day, many investors are wondering when regulators will decide whether Elon Musk broke the rules by dripping out details so haphazardly. History suggests it might take a while.

Alexa, Cortana finally get the conversation going

UPDATED: Wed., Aug. 15, 2018, 11:10 a.m.

Amazon’s Alexa and Microsoft’s Cortana are coming soon to a smart device near you – together, with new integrated features that allow the digital assistants to talk to each other.

Warren Buffett’s firm adds to Apple, Teva investments

UPDATED: Wed., Aug. 15, 2018, 2:19 p.m.

Investor Warren Buffett’s company added to its stakes in Apple and Israeli drugmaker Teva Pharmaceuticals in the second quarter while tweaking several of its other stock investments.

Nearing century mark, Kirishian embraces change

Kirishian LLC., parent company to long-time Spokane import rug business, started the countdown to its 98th birthday in May with the acquisition of a home décor cleaning company while simultaneously beginning a national push with its mail-in rug washing and repair business, called Rug Spa.

Tinder founders, execs file suit against IAC and Match Group

The founders of the dating app Tinder, along with current executives and some of its employees, have filed a lawsuit against IAC/InterActiveCorp and its Match Group subsidiary for allegedly manipulating financial information, hurting Tinder’s valuation and unlawfully getting rid of stock options.