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☆ This G.O.P. Senate Candidate Says He Grew Up on a Family Farm. Not Exactly.
▼ + stars: | 2024-04-19 | by ( Katie Glueck | Hannah Beier | ) www.nytimes.com time to read: 1 min

David McCormick’s origin story goes something like this: He grew up in rural Pennsylvania, southwest of Scranton. He baled hay, trimmed Christmas trees and otherwise worked on his family’s farm. And from those humble beginnings, he rose to achieve the American dream. “I spent most of my life in Pennsylvania, growing up in Bloomsburg on my family’s farm,” Mr. McCormick, now a Republican candidate for Senate, told Pittsburgh Quarterly in 2022. “I’ve truly lived the American dream,” he wrote in a fund-raising appeal in October.

Persons: David McCormick’s, “, ” Mr, McCormick, “ I’ve, ”, — Organizations: Republican, Senate, Pittsburgh Quarterly, West, 82nd Airborne Division Locations: Pennsylvania, Scranton, Bloomsburg, West Point, Pittsburgh

☆ Lowe's beats earnings estimates as sales fall — and the company expects revenue to slide again this year
▼ + stars: | 2024-02-27 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +2 min

Lowe's on Tuesday beat Wall Street's quarterly earnings and revenue estimates, even as the company continued to see customers tackle fewer home projects. It said it expects total sales of between $84 billion and $85 billion, which would be a drop from $86.38 billion in fiscal 2023. It anticipates comparable sales will decline between 2% and 3% compared with the prior year, and expects earnings per share of approximately $12 to $12.30. Excluding the costs associated with Lowe's sale of its Canadian retail business, earnings per share were $2.28. During the fourth quarter, Lowe's spent $404 million on share buybacks and paid $633 million in dividends.

Persons: Marvin Ellison, Lowe's, Wall Organizations: LSEG, CNBC PRO Locations: Bloomsburg, Lowe's

HARRISBURG, Pa. (AP) — Republican David McCormick is expected to announce Thursday that he will enter Pennsylvania's U.S. Senate race and make his second bid for the office, this time to take on Democratic Sen. Bob Casey after losing in last year’s crowded Republican primary. McCormick's aides have sent invites to a “special announcement” by McCormick at the Heinz History Center in Pittsburgh at 5 p.m. McCormick, 58, was heavily recruited to run again by the party establishment and, thus far, has a clear GOP primary field. He is a stalwart of Pennsylvania’s Democratic Party — the son of a former two-term governor and Pennsylvania's longest-ever serving Democrat in the Senate. McCormick, who grew up near Bloomsburg, is the son of Pennsylvania’s first state university system chancellor.

Persons: David McCormick, Democratic Sen, Bob Casey, McCormick's, McCormick, Casey, West Virginia —, Republican Sen, Pat Toomey, Donald Trump, Mehmet Oz, John Fettermanbeat Oz, —, Joe Biden, Scranton . McCormick, Pennsylvania’s, George W, ___, Marc Levy Organizations: —, Pennsylvania's, Senate, Democratic, Republican, Heinz, Center, Associated Press, White, West Virginia, Democratic Party —, Star, FreeMarkets, Bridgewater Associates, Twitter Locations: HARRISBURG, Pa, Pennsylvania's U.S, Pittsburgh, Pennsylvania, — Montana , Ohio, West, Pennsylvania's, Scranton ., Bloomsburg, Connecticut

☆ Dollar Tree's shares sink, as CEO says 'challenging' economy is pressuring discounter
▼ + stars: | 2023-08-24 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

Shoppers are seen at the parking lot of a Dollar Tree store in Bloomsburg, Pennsylvania. Shares of Dollar Tree fell on Thursday and hit a 52-week low, after the retailer said customers' shopping lists have largely narrowed to food and necessities. On a call with investors, Dollar Tree CEO Rick Dreiling said customers' shopping patterns reflect a tougher economic backdrop and a reversion to pre-pandemic spending habits. At the Dollar Tree chain, same-store sales increased 7.8% and for Family Dollar, same-store sales rose 5.8% year over year. Separately, U.S. regulators announced a settlement this week with Dollar Tree and competitor Dollar General, which were both issued workplace safety violations.

Persons: Macy's, Locker, Rick Dreiling, Wall, Dreiling, Mike Creedon Organizations: Dollar, Refinitiv Locations: Bloomsburg , Pennsylvania

☆ Lowe's sticks by full-year earnings forecast despite weakening sales, as spring projects offer a boost
▼ + stars: | 2023-08-22 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Lowe's reported mixed fiscal second-quarter results on Tuesday, as consumers tackled springtime projects and helped offset weakening home improvement demand. It anticipates total sales will range between $87 billion and $89 billion for the period. It projects comparable sales will drop by 2% to 4% this fiscal year. Lowe's is more reliant on do-it-yourself shoppers for its sales than Home Depot is, but has tried to change that. Only about a quarter of Lowe's sales come from home professionals, while Home Depot typically gets about half of its sales from them.

Persons: Lowe's, Richard McPhail Organizations: Lowe's, Home, U.S . Mortgage Locations: Bloomsburg

☆ Harvard Medical School Morgue Manager Sold Body Parts, U.S. Says
▼ + stars: | 2023-06-14 | by ( Michael Levenson | ) www.nytimes.com time to read: 1 min

The manager of a morgue at Harvard Medical School has been charged with selling body parts from donated cadavers and allowing buyers to come to the morgue to choose which parts they wanted, federal prosecutors said on Wednesday. Prosecutors said that the manager, Cedric Lodge, 55, and his wife, Denise Lodge, 63, both of Goffstown, N.H., and three others had been indicted by a federal grand jury in Pennsylvania on charges of conspiracy and interstate transport of stolen goods. A sixth person, Jeremy Pauley, 41, of Bloomsburg, Pa., was charged separately, prosecutors said. A seventh, Candace Chapman Scott, of Little Rock, Ark., was previously indicted in Arkansas, prosecutors said. The defendants were all part of a nationwide network that bought and sold human remains stolen from Harvard Medical School and a mortuary in Little Rock where Ms. Scott worked, prosecutors said.

Persons: Cedric Lodge, Denise Lodge, Jeremy Pauley, Candace Chapman Scott, Scott Organizations: Harvard Medical, Wednesday, Prosecutors, Harvard Medical School Locations: Pennsylvania, Bloomsburg, Pa, Arkansas, Little Rock

☆ Walmart will offer pet telehealth in latest bid to compete with Amazon
▼ + stars: | 2023-05-22 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +6 min

Patrick T. Fallon | Bloomberg | Getty ImagesWalmart is jumping into the burgeoning pet telehealth market. Unlimited access to veterinary telehealth via video or text will be available to Walmart+ subscribers beginning on Tuesday, when Walmart is expected to announce the partnership publicly. Walmart's expansion into pet telehealth signals the largest U.S. retailer is ready to grow its share of the market. Traditional pet-only retailers like Chewy and Petco have already been investing in pet health care to better compete with big-box stores. Others have argued pet telehealth helps bridge the access to care as pet owners contend with a nationwide veterinary shortage and swaths of pet health deserts across rural America.

☆ Walmart sued by EEOC for firing deli worker with Crohn's disease
▼ + stars: | 2023-03-28 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +3 min

Equal Employment Opportunity Commission sued Walmart for firing a North Carolina employee with Crohn's disease after the retail giant allegedly refused to grant her disability-related leave. The EEOC's complaint, filed in Charlotte federal court, accuses Walmart of violating the Americans with Disabilities Act in its treatment of deli worker Adrian Tucker. Tucker worked for Walmart between February 2014 and April 2017 at its Statesville store. According to the complaint, Tucker suffers from Crohn's disease, a chronic bowel condition that causes inflammation of the digestive tract, which can lead to stomach cramps, dehydration, vomiting and diarrhea. The EEOC alleges Walmart refused to provide reasonable accommodation to her when she experienced symptoms multiple times between November 2016 and April 2017.

☆ Stocks making the biggest moves midday: Lowe's, 3M, First Horizon, Nio and more
▼ + stars: | 2023-03-01 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Rivian also shared an electric vehicle production outlook that fell short of analysts' expectations. First Solar — Shares of First Solar gained 15% after the solar company issued full-year guidance on Tuesday that came out ahead of expectations on per-share earnings and revenue. First Solar reported a fourth-quarter loss of 7 cents per share compared with a 17 cent per-share loss expected by analysts surveyed by FactSet. The company's revenue was in line with analysts' expectations of $1 billion. Ambarella gave first-quarter guidance that missed analysts' expectations on Tuesday, according to FactSet.

☆ Stocks making the biggest premarket moves: Walmart, Home Depot, Vir Biotechnology and more
▼ + stars: | 2023-02-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading:Walmart — Walmart shares fell about 4% before the bell after sharing a cautious outlook for the year as consumers trade down and purchase fewer discretionary items. Home Depot — The retail stock dropped 4% in premarket trading after Home Depot's fourth-quarter report showed lighter-than-expected sales. Home Depot reported $3.30 in earnings per share on $35.83 billion of revenue. Vir Biotechnology — The immunology company jumped nearly 11% after being upgraded to buy from neutral by Goldman Sachs. HSBC cited strong reported revenue growth and lower reported operating expenses.

☆ Post to Buy Pet Food Brands From J.M. Smucker for $1.2 Billion
▼ + stars: | 2023-02-08 | by ( Stephen Nakrosis | ) www.wsj.com time to read: 1 min

The deal includes Rachael Ray Nutrish and Gravy Train in addition to 9Lives and other brands. Post Holdings Inc. agreed to pay $1.2 billion to buy multiple brands from J.M. Smucker Co. in a deal that marks the food giant’s entry into the pet-foods market. The transaction includes Rachael Ray Nutrish, Gravy Train, 9Lives, Nature’s Recipe and Kibbles ’n Bits, as well as manufacturing locations in Bloomsburg, Pa.; Meadville, Pa.; and Lawrence, Kan.

☆ JCPenney was once a shopping giant. Can it make a comeback?
▼ + stars: | 2022-11-27 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +14 min

People walk past a JCPenney store at the Queens Center Mall in New York in 2016. The Denver Post/Getty Images Shoppers hurry across an intersection in front of a JCPenney store in Denver in 1964. Anne Cusack/The Los Angeles Times/Getty Images Customers shop at a new JCPenney store in New York in 2009. Mary Altaffer/AP A customer goes down an escalator at a JCPenney store in Westminster, Colorado, in 2009. Don Emmert/AFP/Getty Images JCPenney CEO Jill Soltau speaks during an interview in Fort Worth, Texas, in 2019.

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