Macy's Terry Lundgren to Step Down as CEO Next Year

24 Jun, 2016

Shares of Macy's ( NYSE:M ) sank more than 50 percent over the past year. Department stores have been hurting at a time when their vast sales floors and huge selection of goods have come to be seen as overwhelming and unnecessary. He began his retail career in 1983 as an executive trainee at Macy's West. Gennette forecasted changes to come, but didn't give details. The leadership shake-up could mean that Macy's will move more quickly to monetize its real estate portfolio, which it ...


Friday's Mega Millions jackpot reaches $363 million

23 Jun, 2016

Tickets can be purchased for $1 until 10:45 p.m. Friday. It's also the Mega Millions' largest jackpot since March 18, 2014, when it hit $414 million. Virgin Islands. According to the game's official website , the odds of winning the jackpot are 1 in 258,890,850. That's five different numbers between one and 75 and one number between one and 15.


Tencent to buy Clash of Clans maker Supercell for $8.6bn

22 Jun, 2016

The deal values the Finnish gaming house at about $10.2 billion and adds chart-toppers Clash of Clans and Hay Day to a Tencent portfolio that dominates the Chinese social media scene but made few waves overseas. Now, a majority stake will be held by Tencent , which will reportedly be finalized sometime in Q3 of 2016, after regulatory approvals. As for Supercell? Tencent's Lau hinted at what it means for them in his statement .


Ryan on Trump: 'You can't make this up sometimes'

18 Jun, 2016

This literally is an "Anybody but Trump" movement. And this in spite of the fact that 44 percent of the poll's respondents said they were Republican, as opposed to 28 percent being self-identified Democrats. "Look I'm sorry that this has happened. There's this thing called Republican loyalty". They have recruited regional coordinators in Arizona, Iowa, Louisiana, Washington and other states.


Walmart Back-office Workers To Lose Jobs

18 Jun, 2016

The company will use cash recycler machines to automatically count money at the stores. In the new roles, workers will make at least $17.55 an hour, Ibbotson told the Wall Street Journal. This was the part of company's overall plan to shut 269 stores worldwide. About 10,000 workers in the United States faced losing their jobs. Roughly 1,500 Walmart workers that are employed in back office positions found out today that their jobs are being eliminated.


Nigeria central bank floats embattled naira currency

16 Jun, 2016

The Central Bank of Nigeria had always been expected to to allow the naira to be more flexible and trade at a market-driven rate. "They have to accept reality at some point after a period of denial", said Ayo Teriba, CEO of Economic Associates consultancy.


Stocks yawn at jobs report news, finish week flat

13 Jun, 2016

Hiring in March and April also was revised lower, with job gains now just 123,000 in April, down from an initial estimate of 160,000. Even as job growth stalled, the government said that the nation's unemployment rate fell to 4.7 percent from 5 percent.


Start of IndyCar race in Texas pushed back because of rain

13 Jun, 2016

Munoz, driving for Andretti Motorsports, will be making his 46th career start Saturday night in the Firestone 600 . The Colombian was able to gain a little solace on Friday by taking the Verizon P1 Award and will start from the pole position in Saturday's Firestone 600 Verizon IndyCar Series race.


Curry says he needs to play better, and Warriors say he will

11 Jun, 2016

It was also the Warriors' lowest-scoring playoff game this year, and that was with Cleveland missing Kevin Love because of a concussion. Green was at his all-around best in Games 1 and 2, including notching a career-playoff-high 28 points in Game 2.


GM to add 700 technical jobs in Ontario, Canada

11 Jun, 2016

According to several sources and published reports, General Motors Canada is expected to announce up to 1,000 new jobs this week at its Oshawa location. Unifor, the union that represents the company's blue-collar workers, told the Financial Post on Wednesday that there will be a strike if new vehicles aren't allocated to Oshawa.


'Shield' actor sentenced for killing wife

11 Jun, 2016

On May 31, Michael Jace was convicted of second-degree murder by a jury of six men and six women that deliberated for less than three hours. At that point Henry, who had previously told the court in a victim impact statement that the murder "would alter our family forever", walked out, saying she didn't want to listen to "this s**t".


British European lawmaker says goodbye to EU, he hopes

10 Jun, 2016

The rush came in the hours after a debate on the matter between Prime Minister David Cameron and UK Independence Party leader Nigel Farage. "It's so important to say to people: 'don't take a decision to leave the European Union and damage our economy on the basis of clearly false information that you're being given, '" he said.


Potential suspension problems with Tesla Model S reportedly under review

10 Jun, 2016

While announcing the review, the National Highway Traffic Safety Administration also singled out a potential (mal) portent in saying that the administration also takes issue with a "troublesome nondisclosure agreement" that Tesla apparently has with a Model S owner regarding suspension issues with his or her Model S.


The end of the Dab? Cam Newton sacks the celebration

10 Jun, 2016

The NFL's Most Valuable Player is moving on from the touchdown celebration he performed last season that became popular across the country. He set team records with 500 points scored and 59 touchdowns. "I've learned from it, no doubt I've learned from it". Newton was criticized for not handling the 24-10 loss to the Denver Broncos in a more professional manner.


China leads move to nix India's entry into NSG

10 Jun, 2016

President Barack Obama and Prime Minister Narendra Modi, Chinese state-run media said and cautioned India that it can not rise by "containing" China or picking one side against the other. While the Indian leader did not mention Pakistan by name, Modi urged USA lawmakers to help isolate those who support terrorism that is "incubated in India's neighbourhood".


Obama meets Indian PM, seeks implementation of climate pact

09 Jun, 2016

On its own, the U.S. has been supportive of India's candidature for NSG membership as well as other non-proliferation groups. China on Tuesday kept mum whether India's inclusion into the Nuclear Suppliers Group (NSG) was discussed during the strategic dialogue with the United States, but insisted on "full discussion" and "consensus" on the issue within the elite grouping, PTI reports from Beijing.


Southwest plane to St. Louis calls emergency, lands in Vegas

09 Jun, 2016

Southwest's sale ends Thursday, June 9, at 11:59 pm in the time zone of the originating city. For travel to Florida and Nevada, the lowest fares are offered only on Tuesdays and Wednesdays. These worldwide flights are also included in the fare sale, though these flights will cost at least $129. Travel is valid from August 23 until mid December, and blackout days do apply.


Monkey blamed for nationwide blackout in Kenya

09 Jun, 2016

He climbed onto the roof of a major power station. "Our technical teams have been able to restore supply to the affected areas following the outage that resulted from a fault at the Gitaru Power Station". Kenya Power buys and distributes energy produced by the KenGen facility. The troublemaking monkey survived its brush with death and had been handed over to the Kenyan Wildlife Service, KenGen said .


Asian stocks higher after Fed chief's remarks

08 Jun, 2016

Banks rose as investors anticipated that interest rates will eventually rise. "There's still a lot of data to go", he said. Dow e-minis were up 45 points, or 0.25 percent at 8:15 a.m. The price of oil surpassed $50 a barrel for the first time in nearly a year. Hercules plans to sell all of its assets to pay off investors, including global divisions.


Here's the New List of Cars with Exploding Takata Airbags

08 Jun, 2016

Six automakers Thursday announced the recall of almost 2.5 million vehicles in the United States, according to documents posted with government regulators. Upward of 100 million vehicles worldwide with Takata air bag inflators have been recalled and are linked to 13 deaths and more than 100 injuries. The problematic inflators contain ammonium nitrate, which can deteriorate over time when exposed to moisture and high temperatures.


From mini-tours to a Memorial title for William McGirt

07 Jun, 2016

DUBLIN, Ohio (AP) - The putt measured just over 6 feet, a minuscule distance compared with how long William McGirt traveled to get to this point. In his 165th PGA Tour start, a playoff at The Memorial Tournament secured McGirt his first ever PGA Tour victory.


US presses China on industrial glut at strategic dialogue

07 Jun, 2016

U.S. Treasury Secretary Jack Lew on Sunday warned about excess Chinese industrial capacity, calling it a "central concern" for other countries because of the "distortions" it creates. Beijing and neighbors including Vietnam and the Philippines have conflicting claims to portions of the sea and possible oil and gas resources. China stepped up its island-building activities in the South China Sea as the Permanent Court of Arbitration in The Hague is expected to rule on a case brought by the ...


Cubs Game Notes For Friday vs. Arizona

06 Jun, 2016

Addison Russell and Javier Baez each hit two-run doubles against Silvino Bracho. There he pumped his fist and let out a primal scream to put an exclamation point on the game's first run on a picture-perfect Friday at Wrigley Field. "You feel pretty good about them getting deep into the game". The Chicago Cubs (38-15) took three out of four against the Los Angeles Dodgers and now welcome the Arizona Diamondbacks (24-33) to Wrigley Field.


Big banks, waited years for a rate hike, get pummeled

05 Jun, 2016

Policy makers had been considering raising interest rates in the next month but a shaky labor market may postpone those plans. Brainard took note of the weak jobs report, saying it suggested that the labor market has slowed and was among a string of mixed readings on the economy.


Indian shares post third day of gains; L&T soars

04 Jun, 2016

Out of 1,440 stocks traded on the NSE, 566 declined and 817 advanced today. Both the key indices had ended on a positive note during the previous trade session on Tuesday. Dhruv Desai, director and chief operating officer of Tradebulls, pointed out that follow up buying was seen on the first day of the fresh June series.


Jobs Added in May, Unemployment Falls to 4.7%

04 Jun, 2016

A July rate increase remains possible, but it would require clear evidence of a rebound in June payroll figures and a United Kingdom vote to remain in the European Union, said Paul Ashworth, chief USA economist at Capital Economics, in emailed comments.


Europe agency grounds Airbus helicopters after Norway crash

04 Jun, 2016

Metallurgical assessment of some recovered wreckage from the helicopter's critical main gearbox suggested a component failed because of fatigue, the Accident Investigation Board Norway said Wednesday. Statoil, which used the helicopter for emergency service operations, said the Norwegian Civil Aviation Authority has made a decision to suspend all use of the H255.


Johnson & Johnson buying Vogue Int'l for about $3.3B

03 Jun, 2016

While most of J&J makes most of its sales from drugs or medical devices, the health-care giant has a long history in consumer products, with storied brands such as its baby-care line, Band-Aid bandages, Listerine oral care and Neutrogena hand cream.


Clinton to attack Trump on foreign policy

03 Jun, 2016

Reading poorly from the teleprompter! Or it may be that Trump continues to stray from his core message of addressing America's ills to indulge in his peevish battles with the press and the Republican establishment, making Clinton look presidential by contrast.


Johnson Matthey profit falls but dividend rises

03 Jun, 2016

Matthey paid a special dividend in February and today proposed a final dividend of 52p per share, totalling the full year dividend to71.5p a 5 percent increase. Precious Metal Products manages, distributes, refines and recycles precious metals and fabricates products using precious metals and related materials.



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