Nordstrom, the largest U.S. luxury department-store chain, saw first-quarter sales rise 9.7% to $3.22 billion. Profits fell 8.6% to $128 million, but  the company reaffirmed its 2015 forecast. Nordstrom is using the company’s chain of outlets to attract more price-conscious shoppers, and they are plowing money into e-commerce. Nordstrom operates an online men’s clothing service called Trunk Club and the flash-sale site HauteLook. It also has invested in the Internet retailer Bonobos. (Bloomberg)

Jack In The Box reported a quarterly profit of $23 million.  The burger chain had sales of $358.1 million in the period. Jack In The Box shares have increased 15% year to date and 66% in the last 12 months. (AP)

In an unprecedented move, the parent companies or main banking units of JPMorgan , Citigroup , Royal Bank of Scotland , Barclays , and UBS are likely to plead guilty to rigging foreign exchange rates to benefit their transactions. (Reuters)

McDonald's turns 75 years old today. McDonald's Bar-B-Q restaurant, the precursor to the fast-food giant known today, opened in California on May 15, 1940. (USA Today)

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