Burberry Rattles Luxury Industry as Growth Slows

Burberry Group Plc, the U.K.’s largest luxury-goods maker, said full-year profit will disappoint after sales growth slowed globally, sending the shares down the most ever and rattling those of peers.
Obama Says Republican Budgets Help `Folks at the Top'
16:04 - President Barack Obama speaks about Republican budget plans and U.S. regulations on payday loans. Obama, speaking at Lawson State Community College in Birmingham, Alabama, also comments on the U.S. economy and education policy. (Source: Bloomberg)
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