CNN Money: Top business headlines for May 16

NEW YORK, NY (CNN) - CNN Money's Maribel Aber has your top business and financial news on this Friday, May 16.

Dillard's 1Q profit down 5 percent, revenue flat

Dillard's Inc. of Little Rock on Thursday reported first-quarter profit of $111.7 million, down about 5 percent from the $117.2 million it reported in the same quarter last year. But same-store sales rose by 2 percent.

Auto recalls speed up, are on track to break

American car owners have been peppered by recall announcements in 2014, as automakers have issued almost 20 million vehicle safety announcements so far this year. No, the world's cars aren't falling apart. But headlines and lawsuits over slow recalls have made auto manufacturers more vigilant.

Now you can text 911, but not from everywhere

Text-to-911 became available in select markets today. As the name implies, the service allows you to text your emergency to first responders rather than call. There's just one issue: it doesn't work in most places. The list of supported cities is so small in fact, you should probably just assume the feature isn't up and running in your town.

Chipotle authors fast-food twist

Chipotle has added some unlikely best-sellers to its roster: authors. The Mexican, fast-casual dining chain has signed 10 best-selling writers to create ultra-short stories -- up to 250 words each -- that will appear, at least temporarily, on its bags and cups.


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