Lowe's misses earnings estimates, shares fall

U.S. home improvement retailer Lowe's reported lower-than-expected quarterly earnings and slashed its forecast for profit margins, as it spends more on marketing and longer employee shifts to boost sales.



Global markets calm ahead of Jackson Hole meeting

Most Asian markets staged modest gains on Wednesday after overnight gains on Wall Street as geopolitical risks and turmoil at the White House that have dented investor sentiment in the past few weeks abated while investors eyed an annual gathering of central bankers.


New ski resort operator in New Hampshire raising concern

Some New Hampshire residents are speaking out against the new owner of a popular ski resort, saying the company's past legal troubles raise concerns about whether it can be trusted to manage the facility that dates to the 1950s.


Regulators to dig deeper into US luxury property deals

Federal regulators searching for money laundering schemes are digging deeper into who is behind luxury real estate purchases in certain parts of the U.S. The Financial Crimes Enforcement Network said Tuesday it's adding wire transfers to the list of all-cash buys it monitors during certain types of high-end deals.

Why We Were So, So Wrong About Wells Fargo

Everyone makes mistakes, but not many of us air them publicly. That's the theme of this week's "Industry Focus," starting with our prediction in 2015 that concerns about Wells Fargo's cross-selling culture were much ado about nothing.