Retailers get creative with Pinterest
NEW YORK (AP) - Target, Nordstrom and other big chains are pinning their hopes of attracting shoppers on social media.
Retailers increasingly are using Pinterest, a social media site that allows users to create collections of photos, articles, recipes and more as "pins", to draw business to their own sites.
Target, the nation's No. 2 discounter, is creating exclusive party-planning collections with top Pinterest users. Shoes, handbags and other popular items on Pinterest are being prominently displayed in Nordstrom stores with special tags. And Caribou created a coffee blend that was inspired by the coffee chain's Pinterest fans.
HK bankers add to calls for democracy
HONG KONG (AP) - A group of Hong Kong finance industry professionals are pledging to join an Occupy-style movement to protest growing influence from Beijing that they say is undermining the Asian financial hub's economy.
The bankers, traders and stockbrokers who make up Hong Kong's financial-worker class are notoriously apolitical. But the group, which currently numbers about 70 people, added their voices to wider calls for full democracy in an open letter to China's President Xi
Worried that Hong Kong's high degree of autonomy is being eroded, they urged China's Communist leaders to stop interfering in the city's administrative affairs. They also expressed fears about growing threats to the city's freedom of speech and the press, rule of law and strong anti-corruption culture.
Ford's profit falls in first quarter
DEARBORN, Mich. (AP) - Ford Motor Co.'s worldwide sales rose in the first quarter, propelled by growing strength in Asia and Europe. But weakness in North America dragged down the company's profit.
Its earnings missed Wall Street's expectations, while revenue beat them.
Also Friday, CEO Alan Mulally said that there is no change in the plan for him to stay with the company at least through the end of this year.
In 2012, Ford named former North America chief Mark Fields as chief operating officer to handle day-to-day duties, and Fields became the heir apparent to take over for Mulally. Recent reports suggested that Mulally plans to leave the company sooner than expected and that Fields would become CEO.
Burger King's profit rises on cost cuts
NEW YORK (AP) - Burger King reported a higher first-quarter profit on Friday as new restaurant openings overseas and lower costs offset weak sales in the U.S.
The Miami-based chain on Friday said sales at established U.S. locations edged up just 0.1 percent, dampened by bad weather.
McDonald's, Taco Bell and Dunkin' Donuts also reported underwhelming domestic sales for the first three months of the year, citing the severe weather.