Operating, research costs hurt ExOne’s 2nd quarter
The ExOne Company reported a wider second-quarter loss, as a 21 percent increase in revenue was offset by operating costs and research expenses that rose even faster. The North Huntingdon 3-D printer reported a loss of $4.7 million, or 32 cents per share, on revenue of $11.2 million vs. a loss of $1.1 million, or 8 cents per share, and revenue of $9.2 million in the year-ago quarter. Analysts surveyed by Bloomberg were expecting a net loss of 16 cents per share on sales of $11.9 million.
American Eagle sued over graffiti
American Eagle Outfitters Inc., the South Side-based retailer, was sued for copyright infringement over an eyeball by a Miami graffiti artist. David Anasagasti said two of his works featuring a signature eyeball motif are infringed in America Eagle ads, according to a complaint filed in Manhattan federal court. American Eagle didn’t respond immediately to an emailed request for comment on the claims.
Retail sales basically flat in July
The Commerce Department said Wednesday that seasonally adjusted retail sales were unchanged in July compared with the prior month. Total sales rose a statistically insignificant $161 million from $439.6 billion in June. Spending dipped at auto dealers and department stores last month. The losses were offset by gains at grocery stores, gasoline stations, restaurants, clothiers and building material stores.
Conde Nast spins off Lucky mag
The Conde Nast media company has spun off struggling shopping and fashion magazine Lucky to the e-commerce platform BeachMint in a new entity called The Lucky Group. Eva Chen, Lucky’s editor-in-chief, will serve as The Lucky Group’s chief creative officer, and BeachMint’s co-founder Josh Berman will be the new entity’s CEO.
Businesses boosted stockpiles in June
Business inventories increased 0.4 percent in June on a seasonally adjusted basis after a 0.5 percent gain in May, the Commerce Department said Wednesday. Sales rose 0.3 percent in June, matching the May increase.
PepsiCo sued over use of ‘Aunt Jemima’
PepsiCo Inc. and its Quaker Oats unit were sued for trademark infringement by the descendants of the woman on whom the “Aunt Jemima” product line was allegedly based. They are seeking $2 billion in damages. In a suit filed in federal court in Chicago, the heirs said Anna Short Harrington’s image was used for profit without adequate compensation. A spokeswoman for Purchase, N.Y.-based PepsiCo, said in an emailed statement the company doesn’t believe there’s any merit in the suit.