Business News

A Shareholder Rebellion

Gap announced March results that show a continued sales slide. It was the 12th consecutive monthly decline in sales. Gap also warned that it was entering April with higher levels of inventory, which will hurt profit margins. The retailer says sales at stores open a year or more fell 6% for all three key brands— Banana Republic, Old Navy and Gap. (AP)  

Macy’s did it right and BP did not. Now they are paying the price.  BP CEO Bob Dudley is facing a shareholder rebellion against his 20% percent pay raise when the oil giant reported its worst annual loss ever. (CNBC)

Who would have ever thought this would happen?  The government is lowering the amount of money it takes out of your pocket. The price of a U.S. stamp goes down 2 cents this weekend. A temporary rate increase granted to the Postal Service in 2014 is ending. (WSJ)

Join us this weekend for Financial Focus Radio, the truth in wealth building when we will tell you how those without the proper licenses and education are claiming they are financial advisors.

Oil is up $1.45 at $38.71 a barrel.

Gold is down $1 at $1236 a Troy ounce.

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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