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Estee Lauder, Elizabeth Arden top expectations

Estee Lauder Cos Inc and Elizabeth Arden Inc topped profit expectations and raised their fiscal year forecasts as sales jumped overseas while parts of the U.S. cosmetics market remain under pressure.

Investors rotate into retail stocks

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Retailers were a standout in an otherwise flat market on Thursday as a bigger-than-expected rise in sales at U.S. chain stores helped dispel some of the concern about the U.S. consumer.

Senate panel backs patent overhaul bill

The Supreme Court in Washington
A bill to reduce the likelihood of massive damage awards in patent disputes took a step forward on Thursday with approval by the Senate Judiciary Committee.
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Yum profits rise as China sales accelerate

Yum profits rise as China sales accelerate

Yum Brands Inc posted a quarterly profit that topped Wall Street's estimate, boosted by sales growth in China, its largest market, though labor and food costs there surged.
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Pay gap widening between male, female doctors

Newly trained female doctors in the United States make nearly $17,000 less than their male counterparts, even though women increasingly are choosing careers in higher-paying medical specialties, U.S. researchers
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Wall St slips as rally loses steam

U.S. stocks slipped on Thursday as concerns over increasing disorder in Egypt and signs of exhaustion in the recent market rally weighed on investor sentiment.
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New books describe storms behind WikiLeaks scenes

- WikiLeaks founder Julian Assange threatened to sue Britain's Guardian newspaper for allegedly giving his website's cache of classified U.S. cables to the New York Times, according to two new books.
Job seekers visit employment center in San Francisco- file photo

Jobless claims tumble, productivity rises

New U.S. claims for unemployment benefits fell sharply last week while nonfarm productivity in the fourth quarter was stronger than expected, confirmation the economic recovery was strengthening.
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Dow Chemical profit tops expectations

Brisk agricultural, plastic and electronic sales helped Dow Chemical Co, post a better-than-expected fourth-quarter profit, with earnings from joint ventures in the glass and energy sectors particularly strong.
Shoppers leave Costco in Fairfax, Virginia

Retail chains beat sales estimates, snow

Major U.S. retailers shrugged off the snowiest January in six years to post sales that blew past analyst expectations, easing concerns that consumers were all spent out after the holidays.
Traders work on the floor of the New York Stock Exchange

US stocks decline as Egypt crisis weighs

U.S. stocks declined in early trade on Thursday as political crisis in Egypt overshadowed better-than-expected economic reports on weekly jobless claims, non-farm productivity and monthly factory orders.
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Some Verizon Wireless iPhone customers complain

Some Verizon Wireless customers complained they were unable to buy its iPhone online, but the phone company said sales were mostly running smoothly on its first day of Internet orders for the long-awaited phone.
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Economic data points to strong growth momentum

Growth in the U.S. services sector in January was the fastest in more than five years, another sign the economy started the new year on a solid footing, with measures of employment showing some strength.

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