Home products retailer Williams-Sonoma will have to pay almost $3.2 million for violating a Federal Trade Commission “Made in USA” order. Williams-Sonoma was charged with advertising multiple products as being “Made in USA” when they were in fact manufactured in other countries, including China. The FTC said Friday that Williams-Sonoma has agreed to a settlement, which includes a $3.175 million civil penalty.
Shares of Saia (SAIA) plunged on Friday after reporting first quarter earnings that missed on both the top and bottom lines. The less-than-truckload services company's CEO Fritz Holzgrefe said in the release, "March trends improved a bit from February, but we did not experience the expected seasonal step-up." Yahoo Finance's Julie Hyman and Jared Blikre explain why the stock is selling off so sharply. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
Exxon Mobil and Chevron reported first-quarter earnings and revenue declines early Friday as lower refining margins and natural gas prices took a toll on the energy giants. Meanwhile, the two U.S. supermajors continue to squabble over Chevron's attempt to move into oil-rich Guyana. XOM stock fell Friday while Chevron stock shook off early losses and advanced.
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