Markets

Sears closes another 20 stores

Sears closes another 20 stores

The Sears logo is seen on the side of a store March 24, 2005 in San Bruno, California. The Sears store in East Northport will be closing as part of another round of the flagging retail giant's store closings. The announcement came after the Ontario Superior Court of Justice granted the department store chain temporary protection from creditors under the Companies' Creditors Arrangement Act (CCAA). Read More

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All US banks pass Dodd-Frank stress tests

All US banks pass Dodd-Frank stress tests

Revising the Fed's annual stress tests is one of more than 100 recommendations the Treasury Department has suggested to lessen the burden on banks, including limiting the number of financial firms that must face the exams. The results of the central bank's so-called stress tests showed 34 major lenders were on solid capital footing, it said. Its model produced a 9.8 percent minimum CET1 ratio, 1.4 points better than the Fed's. Read More

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Coweta Assembly plans 2017 Vacation Bible School

July 8, Greater Mt. Ray T. Arrington of High Ridge Missionary Baptist Church in Martinsville; Wednesday, Men's Ministry Anniversary, the Rev. Homecoming and Revival Services , 11 a.m., New Life Baptist Church , Rev. Sunday. Priesthood and Relief Society will study "Obedience: Simply Live the Gospel" at 11:40 a.m. Minister Debra Perez and Out of the World Deliverance Ministry will be guests. Read More

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Oil Slips As Oversupply Worries Outweigh OPEC

Oil prices were mixed on Thursday, with Brent crude down on concerns that key producers were still adding to the global crude glut but US crude up slightly after a larger-than-expected domestic inventory drawdown. President Donald Trump has vowed to provide extra support for US oil production and is widely expected to pull the United States out of a landmark global climate accord. Read More

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US employers add 138000 jobs; rate dips to 4.3 percent

The US unemployment rate fell to 4.3% in May, the lowest since 2001 (pdf). "Today's jobs report reflects that the labor market is tightening, and there's not as much room for slack as the economy reaches full employment....it's tough to continue to add 200,000 jobs each month with our unemployment rate below 5%", said Steve Rick, chief economist at CUNA Mutual Group, reports Fox Business . Read More

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Down 2-0, Rinne's Slide Continues

Down 2-0, Rinne's Slide Continues

Jake Guentzel scored twice and Matt Murray made 37 saves as the Pittsburgh Penguins chased Predators goalie Pekka Rinne and moved two wins away from a second consecutive title. I think his confidence is there. It hasn't been easy against Pittsburgh . With No. 1 defenceman Kris Letang gone midway through the season, they finished 14th in shots for and against at five-on-five; going into Game 2 Wednesday night, Pittsburgh had the second-lowest percentage of five-on-five shot ... Read More

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Elon Musk Threatens to Quit Trump Advisory Council Over Paris Climate Deal

New Mexico's two US senators - Democrats Tom Udall and Martin Heinrich - both supported the USA joining the Paris Agreement in 2015, and both senators said Tuesday that they would strongly oppose Trump's decision to withdraw from it. Eurostat, the record-keeping arm of the European Union, reported a preliminary bloc-wide estimate for carbon dioxide emissions from fossil fuels declined 0.4 percent compared with a year ago. Read More

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Schapelle Corby lands in Australia

Schapelle Corby lands in Australia

They then entered a black vehicle waiting outside which was surrounded by police and the media as it drove out the narrow ally that leads to the residence. There will be plenty of beaches in Australia, but Ms Bonella believes the thing she will value most is "going home to be with her family and free of restrictions and the threat of being put back in jail". Read More

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Gianforte charged with assaulting reporter

Montana Secretary of State Corey Stapleton called the election at 10:33 pm. While Quist was outspoken in his opposition to the bill, Gianforte had hedged. More broadly, the Montana election is being scrutinized for clues on how voters will cast their ballots following both Trump's win in November and a seemingly never-ending string of controversies out of the White House. Read More

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Germany, France pledge new effort to strengthen eurozone

Germany, France pledge new effort to strengthen eurozone

French Finance Minister Bruno Le Maire said the working group would look at issues such as promoting fiscal convergence, coordinating economic policy and exploring investment projects aimed at boosting growth and lowering unemployment. "France will respect its European commitment to reduce deficits and we are not doing it to please the European Commission". "Not only our compatriots in France and Germany but also others in the eurozone are expecting concrete proposals and concrete ... Read More

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Gov. Branstad Leaves Iowa With New Voter ID, Anti-Union Laws

Gov. Branstad Leaves Iowa With New Voter ID, Anti-Union Laws

Branstad, 70, says he intends to use his decades-long relationship with Chinese President Xi Jinping (shee jihn-peeng) to advance US and global interests. I'm pleased that the Senate is finally considering the nomination of Governor Branstad to be Ambassador to China. After the Senate vote, Branstad thanked Trump and Vice President Pence for the nomination and the Senate for the confidence they have placed in him. Read More

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Saudi says extending oil cuts, adding small producers enough to drain stocks

Saudi says extending oil cuts, adding small producers enough to drain stocks

Opec and the Russia-led group of countries last year reached an agreement to remove about 1.8 million barrels per day (bpd) from the market in the first half of this year, leading initially to an oil price spike. Neither Saudi nor most of other Opec members can afford this scenario right now, BofAML said in the report. The two ministers said they had made a decision to recommend to their OPEC and non-OPEC peers that the 1.8 million barrels per day of combined production cuts in force since ... Read More

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Westpac says bank levy will cost $260m

Westpac says bank levy will cost $260m

Westpac expects to take a $260 million annual cost hit as a result of the government's bank levy, the lender told investors on Monday. "Foreign banks were first encouraged into the Australian market, for very good reasons, by Paul Keating in order to ensure that we had increased competition in the banking system". Read More

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Kenya: Shujaa Close Season With 5 Points in London

Kenya: Shujaa Close Season With 5 Points in London

The Red Roses got off to a flying start through prolific try scorer Dan Norton , but failed to add to that early score after some resilient defence from their neighbours from north of the border. With NZ on the brink of a semi-final spot at Twickenham , an assistant ref noticed something wasn't quite right with the number of Kiwi players on the field. Read More

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Phoenixville School Board eyes $90M budget, 1.89%t tax hike

Phoenixville School Board eyes $90M budget, 1.89%t tax hike

School Director Ken Wiltz said the personnel will need to be trained not to use what has been budgeted, but only what they need. The owner of a home assessed at the township average will pay $98 more in school taxes during the next year. The proposed property tax levy would be $7.1 million, up $106,993, or 1.53 percent from the 2016-17 budget, which is within the NY state property tax cap for the district. Read More

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Hackers are reportedly holding a Disney film for ransom

Disney apparently refuses to pay, and is working with the Federal Bureau of Investigation, according to Deadline . Disney was not immediately available for comment. They have threatened to release the entire title in five minute snippets and could follow through after Iger vowed Disney wasn't going to pay. " All these companies like Disney, Netflix and Discovery may have very good security teams but you have all these vendors and small production companies which don't have great ... Read More

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German economy sees strong expansion in first quarter

German economy sees strong expansion in first quarter

It represented an acceleration over the second half of a year ago, when the economy had added just 0.2 per cent between July and September and 0.4 per cent between October and December. Berlin/Paris - There was good economic news from Germany and France on Friday. High levels of employment, rising wages and low interest rates have all boosted consumer spending, while government spending has increased following the refugee influx of 2015-16, he said. Read More

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Hertz tanks 15% after missing big on earnings

Want the latest recommendations from Zacks Investment Research? (HTZ) is its Earnings per Share or EPS. The company's consensus rating on Reuter's scale slipped from 2.23 to 2 during a month. Suntrust Banks Inc. now owns 12,822 shares of the transportation company's stock valued at $224,000 after buying an additional 434 shares during the period. Read More

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Klitschko hints he will continue boxing career

Klitschko hints he will continue boxing career

Boxing has been struggling to find a new heavyweight champion who can captivate a worldwide audience for years. Mike Tyson says it is only a matter of time before Anthony Joshua starts trash-talking on camera. When you go into the trenches that's when you find out who you really are. Joshua's bespoke vehicle includes a number of special features just for the boxer, including door handles with unique boxing glove pattern surrounds, name-inscribed tread plates, a chrome B-pillar badge with ... Read More

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PM Modi is India's brand ambassador, not Patanjali's: Baba Ramdev

PM Modi is India's brand ambassador, not Patanjali's: Baba Ramdev

The group, which has built a consumer products business challenging Nestle, Unilever and Colgate, plans to go after restaurant chains such as McDonald's and KFC. We at Patanjali have broken that monopoly", he said, adding, "We are not a corporate house. We are not a corporate house. MP unit will focus on be products that will be exported to the United States, the United Kingdom, and Canada, besides neighboring countries like China. Read More

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Google to pay 306 mn in taxes (4)

Google to pay 306 mn in taxes (4)

Last year Italian tax police alleged that Google had not paid tax on about 1 billion euros of Italian revenue between 2009 and 2013. Tax officials said the settlement announced Thursday also launches a process to determine the tech company's proper taxation level in Italy going forward. Read More

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Trade deficit eases slightly in March; Korea gap widens

Trade deficit eases slightly in March; Korea gap widens

With imports and exports both falling, the Commerce Department released a report on Thursday showing that the US trade deficit was little changed in the month of March. Consumer goods exports also gained ground, climbing 6.8 per cent to $6.1 billion. Total exports fell 0.9 per cent for the month to US$191 billion, the biggest drop since October. Read More

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