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☆ US weekly jobless claims post biggest drop in 20 months
▼ + stars: | 2023-06-29 | by ( Lucia Mutikani | ) www.reuters.com time to read: +4 min

"A tight labor market will keep the rate path on an upward trajectory, until policymakers see a material rebalancing in supply and demand. "Initial claims for state unemployment benefits decreased 26,000 to a seasonally adjusted 239,000 for the week ended June 25. Continuing claims covered the period during which the government surveyed households for June's unemployment rate. The unemployment rate was at 3.7% in May. Economists had expected first-quarter GDP growth would be raised slightly to a 1.4% pace.

Persons: Rubeela Farooqi, Unadjusted, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: Federal Reserve, Labor Department, Reuters, Conference Board, Labor, Gross, Commerce Department, Thomson Locations: WASHINGTON, U.S, White Plains , New York, Minnesota, California, Texas, Pennsylvania, Connecticut, New Jersey

☆ US weekly jobless claims post biggest drop in 20 months as economy shows stamina
▼ + stars: | 2023-06-29 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

"The economy is currently displaying genuine signs of resilience," said Gregory Daco, chief economist at EY-Parthenon in New York. Initial claims for state unemployment benefits decreased 26,000 to a seasonally adjusted 239,000 for the week ended June 24. Continuing claims covered the period during which the government surveyed households for June's unemployment rate. The unemployment rate was at 3.7% in May. GDP consumer contributionEconomists had expected first-quarter GDP growth would be raised slightly to a 1.4% pace.

Persons: Gregory Daco, Unadjusted, Rubeela Farooqi, Jerome Powell, Amira Karaoud, Scott Hoyt, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: Federal Reserve, Labor Department, Reuters, Financial, U.S, Treasury, REUTERS, Conference Board, Gross, Commerce Department, Thomson Locations: WASHINGTON, EY, New York, Minnesota, Ohio, California, Texas, Pennsylvania, Connecticut, New Jersey, White Plains , New York, Spanish, Madrid, Louisville, U.S, West Chester , Pennsylvania

☆ Nursing Homes Defrauded Taxpayers of $83 Million, Lawsuit Says
▼ + stars: | 2023-06-28 | by ( Erin Nolan | ) www.nytimes.com time to read: +1 min

The owners and operators of four nursing homes siphoned off more than $83 million in taxpayer funds and neglected residents, leading to injuries and at least one death, according to the New York State attorney general, Letitia James, who filed a lawsuit against the owners on Wednesday. “They put profit over people again and again and again while vulnerable New Yorkers were reduced to skeletons,” Ms. James said at a news conference on Wednesday, noting in an earlier statement that the co-owners of the nursing homes, Kenneth Rozenberg and Daryl Hagler, had turned the facilities into “moneymaking machines,” “leading to elderly residents and those with disabilities suffering unconscionable pain, neglect, degradation and even death.”The four nursing homes named in the lawsuit, filed after an investigation by the Office of the Attorney General’s Medicaid Fraud Control Unit, are run by Centers Health Care, and include two in New York City, Holliswood Center for Rehabilitation and Healthcare in Queens and Beth Abraham Center for Rehabilitation in the Bronx; as well as Martine Center for Rehabilitation and Nursing in White Plains and Buffalo Center for Rehabilitation and Nursing in Buffalo.

Persons: Letitia James, “, Ms, James, Kenneth Rozenberg, Daryl Hagler, ”, Beth Abraham, Martine Organizations: New York, Control Unit, Centers Health Care, Holliswood Center for Rehabilitation, Healthcare, Beth, Beth Abraham Center for Rehabilitation, for Rehabilitation and Nursing, Buffalo Center for Rehabilitation and Nursing Locations: New York State, New York City, Queens, Bronx, White Plains, Buffalo

☆ US core capital goods orders beat expectations; shipments rise modestly
▼ + stars: | 2023-06-27 | by ( Lucia Mutikani | ) www.reuters.com time to read: +3 min

SummarySummary Companies Core capital goods orders increase 0.7% in MayShipment of core capital goods rise 0.2%Durable goods orders jump 1.7%WASHINGTON, June 27 (Reuters) - New orders for key U.S.-manufactured capital goods unexpectedly rose in May, but the prior month's data was revised down, suggesting that businesses remained cautious about new capital investment because of higher borrowing costs and an uncertain economic outlook. Core capital goods orders increased 0.7% last month. Data for April was revised lower to the core capital goods rising 0.6% instead of 1.3% as previously reported. Economists polled by Reuters had forecast core capital goods orders would be unchanged. Core capital goods shipments are one of the inputs used to calculate equipment spending in the gross domestic product measurement.

Persons: Rubeela Farooqi, Lucia Mutikani, Chizu Organizations: Commerce Department, Reuters, Federal, Institute, Supply, Transportation, Boeing, Thomson Locations: WASHINGTON, White Plains New York, U.S

☆ Accused in Missing Man’s Grisly Killing: His Ex-Wife and Her Husband
▼ + stars: | 2023-06-16 | by ( Erin Nolan | ) www.nytimes.com time to read: +1 min

Just before 4 p.m. on April 28, 2020, Steven Kraft did as he often did on Tuesday afternoons. He caught up with them over a fast-food dinner before returning them to their mother’s home around 7 p.m.That was the last time anyone saw Mr. Kraft alive. But on Thursday, Mr. Kraft’s ex-wife, Jamie Orsini, and her husband, Nicholas Orsini, were arrested and each charged with one count of carjacking resulting in death and one count of conspiracy. The Orsinis are accused of concocting and executing an elaborate scheme to murder Mr. Kraft, 34, and dismember and burn his body, according to a criminal complaint filed in Federal District Court in White Plains, N.Y. Mr. Kraft’s body has not been recovered, according to investigators.

Persons: Steven Kraft, Kraft, Kraft’s, Jamie Orsini, Nicholas Orsini Organizations: Court Locations: Marlboro, N.Y, Beacon, White Plains

☆ 51 US cities expected to see the highest home price increases and 5 at risk of falling in the next 12 months — plus where mortgage rates could be by year-end — according to a housing economist
▼ + stars: | 2023-06-11 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

Areas that saw price declines during the pandemic are expected to make a comeback. Metropolitan areas including Anaheim, Seattle, and Sacramento top the list. In April, prices for single-family homes rose by 2% year-over-year and 1.2% from the previous month, according to CoreLogic's Home Price Index. Below is a list of 51 metropolitan areas expected to see the most home prices increase in the next 12 months, beginning from the highest to the lowest. The CoreLogic HPIFinally, while mortgage rates can be difficult to predict, Hepp believes we have likely peaked for the year.

Persons: Selma, it's, Selma Hepp, Hepp, Louis Organizations: CoreLogic, Irvine CA Metropolitan, Everett WA Metropolitan Division, Arcade, Statistical, Oakland, Berkeley CA Metropolitan, Metropolitan Statistical, Riverside, Jacksonville FL, Vegas, Paradise, Clearwater FL, Newark, Sanford FL, Angeles, Glendale CA Metropolitan, Palm Beach, Boca Raton, Delray Beach FL, Cambridge, Suffolk County NY Metropolitan, Towson, Metropolitan, Fort Lauderdale, Boston, Scottsdale, Scottsdale AZ Metropolitan Statistical, Miami, Kendall FL Metropolitan, Alexandria DC, Bloomington, Franklin TN Metropolitan, Virginia, Newport News, Livonia MI, Gastonia NC, SC Metropolitan, West Allis WI Metropolitan, Philadelphia PA Metropolitan, Kansas City, KS Metropolitan, Providence, Richmond VA Metropolitan, Cincinnati, Pittsburgh PA, Oklahoma City, Cleveland, Elyria, NJ, Columbus OH, Houston, Indianapolis, Arlington TX Metropolitan, Dallas, Irving TX Metropolitan Locations: Selma Hepp, Anaheim, Seattle, Sacramento, West Coast, Metropolitan, Santa Ana, Irvine, Bellevue, Roseville, Hayward, Berkeley, Portland, Vancouver, Hillsboro, San Bernardino, Ontario, Diego, Carlsbad CA, Denver, Aurora, Lakewood, Henderson, Tampa, St, Petersburg, Clearwater, Newark NJ, Orlando, Kissimmee, Sanford, Long, Glendale CA, Palm, Delray Beach, Newton, Framingham, Nassau County, Suffolk, Baltimore, Columbia, Pompano Beach, Deerfield Beach FL, Mesa, Scottsdale AZ, Miami, Kendall, Montgomery County, Bucks County, Chester County, Washington, Arlington, Alexandria, Sandy Springs, Roswell, Minneapolis, Paul, WI, Murfreesboro, Virginia Beach, Norfolk, Detroit, Dearborn, Livonia, Charlotte, Concord, Gastonia, Milwaukee, Waukesha, Warwick, Chicago, Naperville, Arlington Heights IL, Troy, Farmington Hills MI, Antonio, New Braunfels TX, York, Jersey, White Plains, Carmel, Worth, Plano

☆ 51 US cities expected to see the highest home-price increases and 5 at risk of falling in the next 12 months — plus where mortgage rates could be by year-end — according to a housing economist
▼ + stars: | 2023-06-11 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

The economist Selma Hepp says home prices in some areas are rising because of limited inventory. The US housing market started off on a solid footing this year as home prices rose. In April, prices for single-family homes rose by 2% year-over-year and 1.2% from the previous month, according to CoreLogic's Home Price Index. Below is a list of 51 metropolitan areas expected to see the most home-price increases in the next 12 months, from the highest to the lowest. The CoreLogic HPIFinally, while mortgage rates can be difficult to predict, Hepp said that we had likely peaked for the year.

Persons: Selma Hepp, it's, Hepp, CoreLogic's, Louis, CoreLogic Organizations: Irvine CA Metropolitan, Everett WA Metropolitan Division, Arcade, Statistical, Oakland, Berkeley CA Metropolitan, Metropolitan Statistical, Riverside, Jacksonville FL, Vegas, Paradise, Clearwater FL, Newark, Sanford FL, Angeles, Glendale CA Metropolitan, Palm Beach, Boca Raton, Delray Beach FL, Cambridge, Suffolk County NY Metropolitan, Towson, Metropolitan, Fort Lauderdale, Boston, Scottsdale, Scottsdale AZ Metropolitan Statistical, Miami, Kendall FL Metropolitan, Alexandria DC, Bloomington, Franklin TN Metropolitan, Virginia, Newport News, Livonia MI, Gastonia NC, SC Metropolitan, West Allis WI Metropolitan, Philadelphia PA Metropolitan, Kansas City, KS Metropolitan, Providence, Richmond VA Metropolitan, Cincinnati, Pittsburgh PA, Oklahoma City, Cleveland, Elyria, NJ, Columbus OH, Houston, Indianapolis, Arlington TX Metropolitan, Dallas, Irving TX Metropolitan Locations: Anaheim , California, Seattle, Sacramento , California, West Coast, Metropolitan, Anaheim, Santa Ana, Irvine, Bellevue, Sacramento, Roseville, Hayward, Berkeley, Portland, Vancouver, Hillsboro, San Bernardino, Ontario, Diego, Carlsbad CA, Denver, Aurora, Lakewood, Henderson, Tampa, St, Petersburg, Clearwater, Newark NJ, Orlando, Kissimmee, Sanford, Long, Glendale CA, Palm, Delray Beach, Newton, Framingham, Nassau County, Suffolk, Baltimore, Columbia, Pompano Beach, Deerfield Beach FL, Mesa, Scottsdale AZ, Miami, Kendall, Montgomery County, Bucks County, Chester County, Washington, Arlington, Alexandria, Sandy Springs, Roswell, Minneapolis, Paul, WI, Murfreesboro, Virginia Beach, Norfolk, Detroit, Dearborn, Livonia, Charlotte, Concord, Gastonia, Milwaukee, Waukesha, Warwick, Chicago, Naperville, Arlington Heights IL, Troy, Farmington Hills MI, Antonio, New Braunfels TX, York, Jersey, White Plains, Carmel, Worth, Plano

☆ André Leon Talley’s ‘Sanctuary’ in White Plains, N.Y., Is for Sale
▼ + stars: | 2023-06-07 | by ( Joyce Cohen | ) www.nytimes.com time to read: +1 min

Mr. Talley was the first Black creative director of Vogue Magazine. Mr. Talley didn’t cook, Ms. Thomas said. “I said, ‘You should put stanchions up’” so nobody could sit on it, Ms. Thomas said. Mr. Talley used one of the four bedrooms in the house as a linen closet. “Nobody slept there but me,” Ms. Thomas said.

Persons: Talley, Alexis E, Thomas, Talley didn’t, “, Truman, ‘, ” Ms Organizations: Vogue Magazine, influencers

☆ More kids are anxious but fewer get the right help, study shows
▼ + stars: | 2023-06-07 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +6 min

CNN —More kids, teens and young adults are experiencing anxiety — but fewer are getting the appropriate treatment, according to the latest research. “The burden for treating mental health conditions among young kids is growing,” Chavez said. How to make sure your family gets the right helpWhile there is a larger problem of resources and availability when it comes to mental health care, there are things families can do to get help. Don’t write off chronically anxious behavior as shyness and instead seek out a mental health professional for an evaluation, she said. Families can also find help getting care and resources in the meantime at onoursleeves.org, she added.

Persons: CNN —, Laura Chavez, ” Chavez, Lata McGinn, McGinn, they’re, ” McGinn, Dr, Ariana Hoet, Hoet, ” Hoet, Chavez, “, Don’t Organizations: CNN, Medical, Survey, American Academy of Pediatrics, Pediatrics, US National Center for Health Statistics, Center for Child Health Equity, Research, Nationwide Children’s Hospital, Yeshiva University, Cognitive, Behavioral Consultants Locations: United States, Columbus , Ohio, New York City, White Plains , New York, onoursleeves.org

☆ US private payrolls increase solidly; wage growth cools
▼ + stars: | 2023-05-03 | by ( Lucia Mutikani | ) www.reuters.com time to read: +4 min

SummarySummary Companies Private payrolls increase by 296,000 in AprilPrior month's gain revised lower to 142,000WASHINGTON, May 3 (Reuters) - U.S. private employers boosted hiring in April amid strong demand for workers in the leisure and hospitality industry, but a slowdown in wage growth offered some good news for the Federal Reserve's fight against inflation. Private payrolls increased by 296,000 jobs last month, the ADP National Employment Report showed on Wednesday. Economists polled by Reuters had forecast private employment would increase 148,000. It has not been a reliable gauge in forecasting private payrolls in the BLS employment report. According to a Reuters survey of economists, private payrolls likely increased by 160,000 jobs last month.

☆ US core capital goods orders fall; goods trade deficit narrows
▼ + stars: | 2023-04-26 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

SummarySummary Companies Core capital goods orders fall 0.4% in MarchShipments of core capital goods drop 0.4%Goods trade deficit narrows 8.1%WASHINGTON, April 26 (Reuters) - New orders for key U.S.-manufactured capital goods fell more than expected in March and shipments declined, suggesting that business spending on equipment likely remained a drag on economic growth in the first quarter. Data for February was revised down to show a 0.7% drop in these so-called core capital goods orders instead of the previously reported 0.1% dip. Economists polled by Reuters had forecast core capital goods orders would slip 0.1%. Shipments of core capital goods decreased 0.4% in March after falling by a similar margin in February. Goods imports fell $2.5 billion to $257.3 billion, pulled down by decreases in industrial supplies, capital goods and other goods.

☆ US pending home sales rise for third straight month; loan demand increases
▼ + stars: | 2023-03-29 | by ( Lucia Mutikani | ) www.reuters.com time to read: +3 min

WASHINGTON, March 29 (Reuters) - Contracts to buy U.S. previously owned homes increased for a third straight month in February, raising cautious optimism that the housing market slump could be bottoming out. Economists polled by Reuters had forecast contracts, which become sales after a month or two, would fall 2.3%. The surprise increase occurred despite a rise in mortgage rates from early February through early March, according to data from mortgage finance agency Freddie Mac. Before the recent rise, mortgage rates had mostly been on the decline since November. The housing market outlook is, however, uncertain because the financial market stress has caused banks to tighten lending standards, which could make it harder for prospective homebuyers to borrow.

☆ Whole Foods, Other Grocery Stores Are Hot Property
▼ + stars: | 2023-03-14 | by ( Kate King | ) www.wsj.com time to read: 1 min

Grocery-store complexes, like the one Hines bought in White Plains, N.Y., are more attractive now as the pandemic winds down and in-person shopping returns. Global real-estate investment manager Hines is paying $112 million for a suburban New York shopping center featuring a Whole Foods, the largest grocery-anchored retail sale in the U.S. since September. The sale of the 262,000-square-foot property in White Plains, N.Y., shows how demand for grocery-store complexes persists, despite rising interest rates and slowing activity for other property types. These outlets have become increasingly attractive as the pandemic winds down and consumers return to shopping in person.

☆ U.S. consumer confidence ebbs; house price inflation slows further
▼ + stars: | 2023-02-28 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

But the correlation between confidence and consumer spending has been weak. The Conference Board's consumer confidence index dropped to 102.9 this month from 106.0 in January. Consumer spending increased by the most in nearly two years in January, driven by a surge in wage gains. The S&P CoreLogic Case Shiller national home price index, covering all nine U.S. census divisions, increased 5.8% year-on-year in December, a second report showed on Tuesday. Price growth remained strong in the South, with double-digit gains in Miami, Tampa and Atlanta.

☆ U.S. job openings increase to five-month high as labor market stays tight
▼ + stars: | 2023-02-01 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

There were 1.9 job openings for every unemployed person in December, the Labor Department's monthly Job Openings and Labor Turnover Survey, or JOLTS report, showed on Wednesday. Job openings, a measure of labor demand, increased by 572,000 to a five-month high of 11.0 million on the last day of December. Others speculated that job openings had been overstated because of difficulties adjusting the data for seasonal fluctuations. "A jump in job openings in the retail sector is also at odds with a lower pace of seasonal hiring around the holidays." The job openings rate up shot to 6.7% from 6.4% in November.

☆ 4 women execs at Meta, Pinterest, Hyundai and Heineken share the early morning routines that helped them climb the corporate ladder.
▼ + stars: | 2023-01-19 | by ( Lola Christina Alao | ) www.businessinsider.com time to read: +6 min

Insider talked to four female senior executives about their morning work routines. They all start work no later than 7:30 a.m.Two of the execs — Christine Trodella and Olabisi Boyle — prefer to take walking meetings. Insider spoke with four women who've climbed to the corporate ladder — up to senior executive roles at companies including Hyundai and Pinterest — about theirs. Christine TrodellaChristine Trodella, the director of B2B-commercial sales for Reality Labs at Meta, typically starts work between 6 and 7 a.m. "I start work between 7:15 and 7:30 a.m. but wake up at 5 a.m. to give myself time to breathe," she said.

☆ Stocks making the biggest moves after hours: Under Armour, Micron Technology and more
▼ + stars: | 2022-12-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines after the bell:Micron Technology — The semiconductor stock slumped about 2% in after-hours trading after earnings and revenue for its fiscal first quarter fell short of Wall Street's expectations. Micron Technology also said it expects a wider-than-expected adjusted loss of 62 cents a share for the current period. Under Armour — Under Armour's stock seesawed in extended trading following news that Marriott International President Stephanie Linnartz will join the athletics apparel company as its next CEO. MillerKnoll — MillerKnoll's stock jumped 6% in extended trading after the office furniture maker beat top and bottom line estimates for its fiscal second quarter. Guidance for the current quarter fell roughly in line with expectations from analysts surveyed by StreetAccount.

He was interviewed by Maria Butina, a Russian gun-rights enthusiast-turned TV personality who now works for the network. Viktor Bout arrives at Westchester County Airport November 16, 2010 in White Plains, New York. When asked if he had a portrait of President Vladimir Putin in his prison cell, Bout said: “Yes, always. Griner, 32, returned to the United States early Friday after being released from custody in an exchange for an international arms dealer. The families of Griner and Whelan had urged the White House to secure their release, including via prisoner exchange if necessary.

☆ U.S. weekly jobless claims rise; continuing claims at 10-month high
▼ + stars: | 2022-12-08 | by ( Lucia Mutikani | ) www.reuters.com time to read: +4 min

SummarySummary Companies Weekly jobless claims increase 4,000 to 230,000Continuing claims rise 62,000 to 1.671 millionWASHINGTON, Dec 8 (Reuters) - The number of Americans filing new claims for jobless benefits increased moderately last week, while unemployment rolls hit a 10-month high towards the end of November, suggesting the labor market was gradually slowing down. Still, labor market conditions remain tight, keeping the Federal Reserve on course to continue increasing interest rates as it fights inflation. "Overall, the labor market remains tight and demand for workers is strong," said Rubeela Farooqi, chief U.S. economist at High Frequency Economics in White Plains, New York. Initial claims for state unemployment benefits increased 4,000 to a seasonally adjusted 230,000 for the week ended Dec. 3. The unemployment rate for people on jobless benefits increased to 1.2%, the highest since March, from 1.1% in the prior week.

☆ In White Plains, N.Y., the Long Death of an Old Mall
▼ + stars: | 2022-12-06 | by ( Kate King | ) www.wsj.com time to read: 1 min

A rendering of the apartments planned on the former site of a 1970s-era mall in White Plains, N.Y. The long-decaying White Plains Mall is dead and buried, with developers set to break ground this week on the first phase of a $650 million project to build hundreds of apartments in its place. It is an outcome that is widely welcomed, but has taken years to come to fruition. There is no shortage of dying malls in the U.S., where aging shopping centers, in particular, have declined due to changing shopping habits, e-commerce and competition from newer malls. These large, well-located properties attract interest from developers, and town officials are typically eager to see them revitalized.

☆ I charge up to $2,000 to rewrite people's résumés. Here's how I turned my HR expertise and side gig into a lucrative career.
▼ + stars: | 2022-12-03 | by ( Robin Madell | ) www.businessinsider.com time to read: +8 min

Like most kids, I didn't even know résumé writing was a profession. Once you start treating résumé writing seriously, the game changesWhen I first started helping people with their résumés, I saw it as a side business or a hobby. My coaching rates hover around the same hourly rate, depending on whether it's career coaching or executive coaching. Keep your skills and brand sharpWhile résumé writing and its affiliated components comes easy to me now, it wasn't always that way. My long-term goal is to be the best career and executive coach that I can be — and résumé writing will likely always be a part of that mix.

☆ Is this the last Christmas for Sears?
▼ + stars: | 2022-11-29 | by ( Chris Isidore | ) edition.cnn.com time to read: +13 min

Easterling was at the Sears in her hometown of Jersey City, New Jersey, one of only 15 full-line Sears stores still open. The two started a catalog business selling watches and jewelry in 1888, incorporating under the Sears Roebuck name in 1893. The Sears catalog was the way many Americans first started to buy mass-produced goods. File photo/AP People shop inside a Sears store in Morton Grove, Illinois, in 1961. AP Soldiers guard a Sears store in Baltimore after riots broke out following the assassination of Martin Luther King Jr. in 1968.

A small airplane with two people on board was dangling an estimated 100 feet above ground Sunday night after the aircraft struck a tower supporting high-voltage power lines. The two were not injured and were communicating with first responders as they awaited rescue, Maryland State Police said in a statement. A small plane with two people aboard sits lodged in a power line pole Sunday evening in Montgomery County, Maryland. "Arriving troopers found the plane suspended in the air, entangled in a power line tower," state police said in the statement. What caused the small plane to go down was under investigation by the FAA and the National Transportation Safety Board.

☆ Photos show a plane after it crashed into live power lines in Maryland, leaving two passengers stuck for seven hours
▼ + stars: | 2022-11-28 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

A small plane crashed into live power lines in Maryland on Sunday evening, authorities said. In this photo provided by Montgomery County Fire and Rescue, a small plane rests on live power lines after crashing, Sunday, November 27, 2022. He identified hypothermia and "orthopedic and trauma injuries," but did not say if those were affecting both passengers. He added that the plane had crashed into the power lines first, before getting caught up in the tower. A small plane caught on live power lines after crashing, Sunday, November 27, 2022.

Others, like Target (TGT.N) and Barnes & Noble, sealed merchandise behind plexiglass or tethered it with steel cables to store shelves. One survey by the National Retail Federation (NRF) cited a 26.5% jump last year in "organized retail crime" carried out by groups of people. But it is unclear whether overall U.S. retail crime is on the rise, with little data available on the problem. Retailers rarely openly acknowledge the threat of theft or crime because they generally don't want to spook shoppers. "Along with other retailers, we've seen a significant increase in theft and organized retail crime across our business," Target CEO Brian Cornell told investors on a November 16 conference call.

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