Business News

Port Operations Resume

Coca-Cola reported a 55% plunge in quarterly profits as a stronger dollar hurt revenue from international markets. Profits fell to $770 million. Net operating revenue fell 2% to $10.87 billion. (Reuters)

Home Depot, the nation's largest home-improvement retailer, is hiring more than 80,000 workers for the spring selling season. The positions include both part-time and full-time positions.  Typically, more than half of Home Depot's spring seasonal workers stay on. Home Depot, operates 2,269 stores in all 50 states and employs more than 300,000 associates.  (Associated Press)

U.S. West Coast port operations resumed on Monday after shipping companies halted loading and unloading this weekend. The 29 ports affected handle nearly half of all U.S. maritime trade and more than 70% of Asian imports. Port slowdowns have trickled through the U.S. distribution chain, disrupting shipments of a wide range of goods affecting agriculture, manufacturing, transportation and retail. (Reuters)

Cigarette maker Reynolds American Inc. says its fourth-quarter profit fell 49% on pension charges and other costs. The maker of Camel and Pall Mall cigarettes said the number of cigarettes sold by its subsidiaries fell about 5% during the quarter to 14.9 billion, compared with an industry decline of 2%. (Associated Press)

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