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By Phil Wahba NEW YORK (Reuters) - Many large U.S. retailers slashed their earnings forecasts on Thursday because of steep discounts they offered during the holidays to persuade reluctant consumers. The discounts boosted overall industry sales but hurt profits at many chains, including L Brands Inc , Family Dollar Stores Inc and teen retailer Zumiez Inc . Even retailers that reported big sales gains, like Kay Jewelers parent Signet Jewelers Ltd... Read more...
PARIS (AP) — French President Francois Hollande threatened legal action Friday over a magazine report saying he is having a secret affair with an actress, the latest breach in the French media's practice of turning a blind eye to presidential love affairs.... Read more...
US premium cable TV provider HBO announced that the next season of award-winning prohibition-era show "Boardwalk Empire" will be its last. "The final call for drinks on the Boardwalk comes this fall," program makers announced on the Twitter feed of the show, starring Steve Buscemi as a politician-gangster in charge of Atlantic City. The series has won a string of awards, including two Golden Globes and over a dozen Emmys,... Read more...