Markets

Sears closing stores in Mentor, Middleburg Heights

Sears closing stores in Mentor, Middleburg Heights

Department store retailer Sears Canada is to axe around 2,900 jobs and shutter 59 stores as part of a court-supervised restructuring of the business. The company plans to continue operating throughout the restructuring and said it intends to emerge as a leaner, more focused operation better able to compete in the hyper-competitive retail industry . Read More

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Fed: Biggest US banks strong enough to withstand recession

Fed: Biggest US banks strong enough to withstand recession

CIT was added this year to the banks tested by the Fed. And under regulators selected by President Donald Trump , that may continue. Banks coming closest to not meeting the minimum capital ratio were Ally Financial, with a tested level of 6.5 percent; Capital One Financial, with 7.0 percent; Huntington Bancshares, 7.0 percent; KeyCorp, 6.8 percent; and SunTrust Banks, 7.1 percent. Read More

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Empty NYC transit bus rolls down street, hits church, cars

Empty NYC transit bus rolls down street, hits church, cars

The ten damaged cars have all been towed away, while the church was not seriously damaged. Paul Quiroz, 46, was watching TV in his home on Knickerbocker Avenue when the bus started to roll away. "I don't know really what happened with the bus, but my van is damaged completely", said one witness. He was taken to Wyckoff Heights Medical Center for minor injuries. Read More

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Amazon's Acquisition of Whole Foods to Impact North Texas

Whole Foods will keep its brand and John Mackey , its current CEO, will remain in place. "I anticipate that Amazon should be able to lower the cost of Whole Foods and better enable them to compete in that market and start to bring some of those great organic products that people have liked without necessarily having to capture their whole pay check", he said. Read More

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Church calendar for Saturday, June 17

Guest speaker: Rev. Sammy Edmond, Mansfield Avenue Baptist Church , Fort Worth; keynote speaker: Rev. A.W. Minnitt, Rose of Sharon Baptist Church . Saturday, Dr. Roger Hagwood of First Christian Church in Stuart; and 11 a.m. Sunday, Minister John W. Clanton of Fayetteville, North Carolina. Brisket plates $10, auction, Bingo, kids' games, entertainment, raffle, country store. Read More

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Oil Slides to Seven-Month Low on High Inventories

The Fed "met expectations and delivered a dovish hike", said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management in Menomonee Falls, Wis. Additionally, gasoline stocks rose by 2.1m barrels, compared with analysts' expectations for a 457,000 to 500,000-barrel drop, casting doubt on a rise in demand during the United States summer driving season. Read More

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Scotland striker Leigh Griffiths 'gutted' after England's last-gasp leveller

And the former Celtic boss was clearly frustrated as he flung a bottle during an X-rated tantrum. "We're in stoppage time, 2-1 down - to get that goal was special". "I definitely did not want to lose in my first game as skipper, so to get that goal, it is a good day for us and a very proud day for me as well". The former Scotland and Manchester United midfielder said he was impressed with the physical presence of Gareth Southgate's young England side - and how his men coped with it. Read More

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Oil under modest pressure on consumer demand issues

Oil under modest pressure on consumer demand issues

USA oil production has already been increasing in recent months since the price of crude came off lows previous year, making expensive shale oil extraction more economically viable. While U.S. stockpiles have edged lower, rising American production and drilling is fanning concerns that OPEC's efforts to trim a global glut will be hampered. Read More

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China vows to work with EU to uphold Paris pact

A decision to drop out would put the USA at odds with almost every other nation on Earth. USA tech entrepreneur Elon Musk has declared he will resign from Trump's advisory council if he backs out of Paris. Trump has already , through executive orders, moved to roll back key Obama administration policies, notably the EPA's Clean Power Plan, that comprised a key part of the U.S.'s Paris promise to reduce its emissions 26 percent to 28 percent below their 2005 levels by 2025. Read More

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She's back! Schapelle Corby lands in Brisbane

She's back! Schapelle Corby lands in Brisbane

Corby's fiercely protective sister Mercedes sought to protect her from the unrelenting glare of the media pack as they climbed into the vehicle. Dozens of police and media and surrounded Corby as she was bundled out the gate of her home in Kuta and shoved into a waiting black auto with her sister Mercedes. Read More

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Guardian reporter allegedly body slammed by GOP congressional candidate speaks out

In downtown Bozeman on Thursday, many said they had already voted or were unmoved. Gianforte yells, “The last guy who came here did the same thing, ” and a shaken-sounded Jacobs tells the candidate he just body-slammed him. Interior secretary. Trump and Vice President Mike Pence recorded robocalls urging voters not to let the Democrats take their seat. Gianforte sitting in a Jeep. Read More

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Iowa Governor Branstad confirmed as US Ambassador to China

Iowa Governor Branstad confirmed as US Ambassador to China

In 1985, Branstad met Chinese president Xi Jinping , then a Hebei provincial official visiting Iowa as part of a sister state/province program. Branstad, 70, who served as Iowa's 39th governor from 1983-99 and now as its 42nd governor since returning to Terrace Hill in 2011, announced he will resign his post Wednesday and turn over state executive duties to Lt. Read More

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Scotland sevens end a century of pain from New Zealand

Scotland sevens end a century of pain from New Zealand

It took a bit of magic from Norton - who overtook Fijian sevens great Waisale Serevi on the overall points scoring list - with a try after the final hooter to see England past the Blitzboks 19-14. Twickenham Stadium, London (CNN) In a final between two of rugby's greatest rivals, Scotland upset home favorites England 12-7 to win back-to-back London Sevens titles at Twickenham Stadium. Read More

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Hackers reportedly threaten to release Disney's next movie

The hackers are thought to be the same group behind the recent Netflix leak, which saw Orange is the New Black season 5 uploaded online, prior to release. It was not clear if the Disney incident was related to the ransomware attack. Even as many businesses are anxious about hackers taking control of their computers as part of the worldwide WannaCry ransomware crisis, the Walt Disney Co. Read More

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U.S. dollar, yields rise; stocks slip from record highs

U.S. dollar, yields rise; stocks slip from record highs

The CBOE Volatility index .VIX dropped almost 8 percent to 9.73 and was on track for its lowest close since 1993 as investors took comfort from Macron's victory, as well as from strong quarterly reports in recent weeks. Shares of Kate Spade jumped 8.31 per cent after bigger rival Coach Inc said it would buy the handbag maker for $2.4-billion to increase its exposure to millennial shoppers. Read More

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Hertz Global Holdings, Inc (NYSE:HTZ) Sale Analysis

Several research analysts have recently weighed in on the company. For the next 5 years, Hertz Global Holdings, Inc .is expecting Growth of 85.7% per annum, whereas in the past 5 years the growth was 12.11% per annum. The number of shares now owned by investors are 88.58 mln. Finally, Credit Agricole S A purchased a new position in Hertz Global Holdings during the fourth quarter valued at $341,000. Read More

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'Breaking point': Puerto Rico files for historic $70bn bankruptcy

'Breaking point': Puerto Rico files for historic $70bn bankruptcy

Puerto Rico's restructuring will be the biggest in municipal-bond market history, vastly larger than Detroit's $18 billion record bankruptcy, and will mark the first time a state-level issuer has had debt written off in federal court. "It will be an orderly process that should be better for creditors in the aggregate than a chaotic and uncertain period involving proliferating lawsuits", said Moody's Investor Services analyst Ted Hampton. Read More

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Oil prices rise on expectation of output cut extension

Oil prices rise on expectation of output cut extension

OPEC and other major producers including Russian Federation agreed to cut production by 1.8 million barrels a day in the first half of the year in an attempt to drain large global stocks. U.S. West Texas Intermediate (WTI) crude oil futures were trading at $46.87 per barrel, up 65 cents, or 1.4 percent from the last close. Meanwhile Russia has said it supported extending the deal. Read More

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Indian Company Royal Enfield Plans to Own Ducati

Indian Company Royal Enfield Plans to Own Ducati

While Ducati may be launching motorcycle after motorcycle , its parent company, Volkswagen , is now looking for ways to dust off losses related to emissions scandal. Under the VW Group there are brands like Audi , Bentley, Bugatti, Lamborghini, Porsche, Ducati , MAN, Scania, SEAT, Skoda, and Volkswagen . Ducati had sales of 593 million Euros in 2016 (Rs 4,196 crore). Read More

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Patanjali looks at doubling production in a year

Patanjali looks at doubling production in a year

While the company will be focusing on scaling up its presence in biscuits, rice, flour, spices, pulses, confectionary and juices, it is also going to double its distributors from 6,000 to about 12,000. Ramdev said Patanjali was working on a blueprint for a restaurant chain. Honey is around Rs350 crore and would grow to Rs500-600 crore this year, " Ramdev said. Read More

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Trade deficit improves slightly in March

Trade deficit improves slightly in March

Canada's trade deficit narrowed sharply to just $135 million in March as exports surged to a new high on shipments of energy products and consumer goods , Statistics Canada said on Thursday. But a four-year record for Japanese imports, valued at US$13.3 billion, saw the USA deficit with that country hit its highest level since April 2008 at US$7.6 billion. Read More

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