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Walmart, Tracy Morgan reach settlement over N.J. Turnpike accident
Bentonville, Ark. -- Walmart and the attorney for comedian/actor Tracy Morgan have reached a settlement agreement, ending a civil lawsuit related to a crash on the New Jersey Turnpike last June. The terms and conditions of the settlement with Morgan and the other plaintiffs remain confidential.
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Chico’s profit meets forecasts but sales miss
Ft. Myers, Fla. -- Chico's FAS Inc. on Wednesday reported that its first-quarter profit dropped 18% amid restructuring charges and lower sales.
The apparel retailer reported a profit of $32.5 million for the period ended, down from $39.9 million in the year-ago period. The results met Wall Street expectations.
Revenue rose 1.7% to $693.3 million in the period, which was short of Street forecasts.
Same-store sales fell 0.1%.

