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AP National Business

Target wrestles with pullback in spending and theft that may cost retailer more than $1B this year

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Target has reported another quarterly profit decline and issued a cautious sales and profit outlook for the current period. The discounter is dealing with rising costs and consumers who are more cautious about their spending. Still, Target’s fiscal first-quarter results Wednesday beat Wall Street expectations

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Ecuador’s president ends impeachment proceedings against him by dissolving National Assembly

By REGINA GARCIA CANO and GONZALO SOLANO Associated Press QUITO, Ecuador (AP) — Ecuadorian President Guillermo Lasso has put an end to impeachment proceedings against him by dissolving the opposition-led National Assembly which had accused him of embezzlement. The right-wing president has denied any wrongdoing. He can govern for up to six months by decree

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Exceptional rains in drought-struck northern Italy kill 8, cancel Formula One Grand Prix

By LUCA BRUNO and NICOLE WINFIELD Associated Press CASTEL BOLOGNESE, Italy (AP) — Exceptional rains Wednesday in a drought-struck region of northern Italy swelled rivers over their banks, killing at least eight people, forcing the evacuation of thousands and prompting officials to warn that Italy needs a national plan to combat climate change-induced flooding. The

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QuickLogic: Q1 Earnings Snapshot

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — QuickLogic Corp. (QUIK) on Tuesday reported a loss of $1.2 million in its first quarter. On a per-share basis, the San Jose, California-based company said it had a loss of 9 cents. Losses, adjusted for stock option expense, came to 4 cents per share. The

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Indonesian IT minister arrested for alleged corruption in procurement

By NINIEK KARMINI Associated Press JAKARTA, Indonesia (AP) — Indonesian authorities have arrested the information technology minister as part of an investigation into a million-dollar corruption scandal linked to the construction of mobile phone transmission towers in remote regions. Communication and Information Technology Minister Johnny G. Plate was arrested Wednesday after showing up for questioning

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East German workers strike, claiming they are paid less than counterparts in the west

BERLIN (AP) — Employees at a beverage company in eastern Germany that produces the country’s popular Vita Cola have gone on strike. They say that, more than 30 years after the country’s reunification, their salaries are still significantly lower than those of employees working for their parent company in western Germany. German news agency dpa

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