Retail

Walmart beats earnings expectations as 4Q online sales surge

NEW YORK (AP) — Walmart defied a gloomy government retail sales report for December, delivering fiscal fourth-quarter profits and sales that beat Wall Street expectations. The world's largest retailer also enjoyed another quarter of surging e-commerce sales during the critical holiday period as it expanded its online assortment and services. Shares moved higher in morning...

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FAA probes Southwest calculations of baggage weight on jets

Federal officials have told Southwest Airlines to fix the way it calculates the weight of luggage loaded on flights after finding frequent mistakes during a yearlong investigation. Southwest said Tuesday that it has made improvements in its methods for calculating the weight and balance of loads, and that it isn't facing enforcement action. The airline...