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Coach 2nd-quarter profit grows 15 percent

Coach 2nd-quarter profit grows 15 percent NEW YORK (AP) — Luxury bag maker Coach says strong demand for its luxury handbags during the holidays helped fiscal second quarter net income rise nearly 15 percent. The luxury sector has been a bright spot in U.S. retail as the affluent keep spending while other sectors have been slower to recover from the recession.

Coach Inc. Earnings: Profit Increases Again

Here's a closer look at the company's latest earnings release...

Coach 2Q profit rises 15 percent, showing luxury market still has legs

New York— Luxury sales? Coach has it in the bag.

Coach Gains as Profit Tops Analysts’ Estimates on Holiday Sales

Coach Inc., the largest U.S. luxury handbag maker, climbed the most in almost two months after reporting quarterly profit that topped analysts’ estimates, driven by holiday sales in North America.

Coach Q2 Profit Rises - Quick Facts

Coach Q2 Profit Rises - Quick Facts

Coach 2Q profit rises 15 percent, showing luxury market still has legs

Coach 2Q profit rises 15 percent, showing luxury market still has legs

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Coach reports better-than-expected 2Q profit as revenue rises 15 per cent in holiday quarter http://t.co/URd4cZcL

Coach reports better-than-expected 2Q profit as revenue rises 15 per cent in holiday quarter http://t.co/URd4cZcL

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❥ツ*OnlineDon Twice Daily ! is out! http://t.co/82h4FAU9 ▸ Top stories today via @paulcastain @aquarianmedia @webqueenbee @profit_coach

Unsold goods weigh on future growth

The economy perked up late last year as factories ramped up production. Unfortunately, a lot of what those factories made is still in warehouses and on store shelves. 

Economy picked up pace as 2011 ended

U.S. economic growth picked up speed in the final three months of 2011, expanding at the fastest pace in 1-1/2 years, according to new data released Friday.

CEOs make huge sums when companies go bankrupt

CEOs and other top executives of companies that go through Chapter 11 receive robust compensation in the form of salary, stock grants and other benefits.

Facebook poised to file for IPO next week

Facebook looks set to file papers for its public stock offering by as soon next Wednesday, CNBC reported Friday.

Too little, too late? Factory jobs making comeback

President Barack Obama is on the road this week touting a plan to bring jobs back to the United States, in part by bolstering manufacturing here. It’s no secret that’s a tough challenge.

Obama administration expands foreclosure prevention program

The Obama administration is taking another swing at improving its main foreclosure prevention program.

Retirement saving: Don't shortchange the later years

Many people think they can plan on spending less later in retirement since they'll become less active as they age. But if their health declines, they may actually shift spending rather than reduce it. Do you think it's risky to plan as if one's expenses will go down later in retirement? --Tim, U.K.

Mortgage probe unveiled as foreclosure talks loom

President Obama's latest probe into the mortgage meltdown will have more power than past efforts, and federal officials say it won't derail a possible $20 billion settlement for underwater and foreclosed homeowners.

FDA blocks orange juice shipments from Canada

The Food and Drug Administration said Friday that it had detained orange juice shipments from Canada after they tested positive for low levels of a banned fungicide previously found in Brazilian juice. The FDA announced earlier this month that it would begin testing foreign orange juice shipments for the presence of the fungicide carbendazim before allowing them to enter the country. On Friday, the agency said that among 80 shipments from around the world it tested so far, six from Canada and five from Brazil had tested positive. The samples that have tested positive so far had carbendazim levels of between 10 and 52 parts per billion. The Environmental Protection Agency says carbendazim levels under 80 parts per billion do not raise safety concerns.

Italy, Spain downgraded by Fitch

Fitch downgraded the sovereign debt ratings Friday of five European countries, with Italy and Spain taking the biggest hit.