The storied retailer is running out of shareholder confidence. January started with Sears taking out loans from a hedge fund managed by Eddie Lampert, the company’s own chairman and CEO.
Month: February 2017
Why Crisper Therapeutics Tumbled 12.4% in January
However, ongoing uncertainty about who owns the rights to this intellectual property may have contributed to shares slipping12.4% last month,according to S&P Global Market Intelligence . Crisper Therapeutics is one of a small group of new biotech start-ups that are researching CRISPR-Cas9, an approach that could potentially reshape disease caused by genetic mutation.
Twin Cities airport to get automated security lanes
The Metropolitan Airports Commission on Monday approved the purchase of the lanes, which promise to increase the capacity of passenger screening by as much as 40 percent by using automatic bin dispensers and conveyors, Minnesota Public Radio reported . The Transportation Security Administration recommended the new system.
Seattle to cut ties with Wells Fargo over oil pipeline
Paul Cheoketen, of the Wagner Saanich First Nations tribe, raises his arms as he ends his comments in favor of divestiture before a Seattle City Council meeting Tuesday, Feb. 7, 2017, in Seattle. The City Council is scheduled to vote on whether to … divest $3 billion in city funds from Wells Fargo over its funding of the Dakota Access Pipeline.
Panera Bread Rises Higher on Solid Growth, Optimistic Outlook
At the same time that it has sought to use ingredients in its menu items that consumers can trust, Panera has also worked hard to keep up with changes in the marketplace that have changed the way customers want to place orders and have items ready for them when they arrive. Coming into Tuesday’s fourth-quarter financial report, Panera investors had high hopes that the fast-casual company would be able to keep its sales and income growing at a steady pace.
How FireEye Inc. Burned to the Ground
FireEye’s revenue stayed roughly flat year-over-year at $184.7 million, but that represented a big slowdown from its double-digit growth in previous quarters and missed forecasts by $6.3 million. Billings fell 14% annually to $221.8 million, which missed the company’s prior forecast of $230 million to $250 million.
Hate Checking Your Portfolio? Try These 3 Stocks
We all know the feeling. You hear the rumble of the mail truck, and after it trundles away, you open your mailbox to find one of the big envelopes.
Arkansas House passes bill aimed at collecting Amazon taxes
Amazon would be required to tell Arkansas customers they owe the state sales tax under a bill approved by the House Tuesday, one of two efforts by lawmakers to recover millions in tax revenue from the e-commerce giant. The bill approved by the House on a 54-46 vote would also require Amazon and other out-of-state companies without a physical presence in Arkansas to provide a list to finance officials of purchases made by state residents.
4 Key Quotes From Amd Ceo Lisa Su
Ryzen, the company’s new CPU, aims to go toe-to-toe with Intel AMD reported its fourth-quarter results in January, concluding its fifth consecutive year of losses. The situation could improve dramatically this year if Ryzen and Vega drive market share gains, something the market is already pricing in.
Report card
Sweden has been experimenting with six-hour days, with workers getting the chance to work fewer hours on full pay, but now the most high-profile two-year trial has ended – has it all been too good to be true? Assistant nurse Emilie Telander, 26, cheers as one of the day patients at Svartedalen’s elderly care home in Gothenburg manages to roll a six in a game of Ludo. But her smile fades as she describes her own luck running out at the end of the year, when after 23 months of six-hour shifts, she was told to go back to eight-hour days.
PaycomVoice: Don’t Ask, Won’t Tell: 10 Questions You Should Be Asking Your Employees
And it’s not entirely your fault. As businesses scale from small start-ups to large enterprises, the lines of communication between management and the rest of the workforce begin to blur, making it all the more challenging to remain in tune with all parts of your organization.
PaycomVoice: 5 Ways To Stand Out To Secure That Next Promotion
Have you ever been passed over for a promotion and wondered what you could have done differently? Or what your recently promoted colleague had that you didn’t? The answer very well may be that he or she exceeded expectations on a daily basis and always gave a little extra. If you continually show commitment to go above and beyond your job description, the impact could be significant.
PaycomVoice: An Open Letter To HR
We know you are juggling the challenges of managing benefits, payroll, hiring and onboarding. The struggle is real, right? We understand these tasks are crucial to the success of the organization, but we need information.
Who made my car?
They have been making trucks at the factory, outside Detroit, since 1938, and you don’t get much more American than the chunky, no-nonsense, big-tyred Dodge Ram 1500s that roll out from the 87-acre site every day. The Kogod School of Business at American University in Washington DC compiles an annual index of the cars Americans drive – and where they are made.
Dems come out swinging on net neutrality
Democrats on Tuesday vowed to stand firm against any efforts by Republicans to roll back the Federal Communications Commission’s net neutrality rules. “The big broadband barons and their Republican allies want to turn back the clock and make big cable and big cellphone companies the gatekeepers for internet access,” Sen. Ed Markey Dems come out swinging on net neutrality Senators introduce resolution in support of Australia after Trump call Dem senator: Trump ‘trying to rig’ Supreme Court MORE Supporters of the internet rules, which require broadband providers to treat all traffic the same, are worried net neutrality could be on the chopping block under a GOP-controlled Congress and FCC.
Democratic senators push to save net neutrality rules under Trump
Democratic senators have promised to fight any move by President Donald Trump’s administration to gut the Federal Communications Commission’s net neutrality rules. Any moves by Trump or the Republican-controlled FCC to roll back the 2015 regulations will meet stiff resistance from Democratic lawmakers and digital rights groups, the five senators said during a press conference Tuesday.
This activist group is trying to oust Mark Zuckerberg as Facebook’s chairman
Mark Zuckerberg should give up some of his control over Facebook by relinquishing his position as chairman of the board, according to a new proposal by a consumer watchdog group and a few shareholders. The proposal , led by SumOfUs, claims that Facebook’s future success requires “a balance of power between the CEO and the board,” and that without a chairman who is independent of the company, Facebook could act without repercussions against investors.
Daily Dividend Report: ICE, ADM, MA, EMR, VIAB, CDW
Intercontinental Exchange announced board authorization of its first quarter 2017 dividend of $0.20 per share, up 18% from its $0.17 per share quarterly dividend in 2016. The first quarter dividend is payable on March 31, 2017 to shareholders of record as of March 16, 2017.
How Ajit Pai could impact your Netflix stream
Under President Donald Trump’s newly-minted chairman, the Federal Communications Commission is quickly working to eliminate regulations created to ensure internet service providers grant equal access to all web content – the rules commonly known as “net neutrality.” The shift is part of an unspooling of FCC policies from the Obama administration.
RBS Upgraded at Deutsche as Outlook Brightens for European Financials
European banks will probably continue to struggle with the loss of investment-banking clients to the U.S., according to New York-based Goldman Sachs. Royal Bank of Scotland climbed in New York trading after Deutsche Bank upgraded the shares to hold from sell, making it the latest European lender to benefit from a boost in analyst ratings.
Airline Industry Executives Will Meet With Trump on Thursday, Sources Say
Leaders from the U.S. airline industry are scheduled to attend a morning meeting with President Trump on Thursday, sources said. It’s not clear exactly who from the airline industry will attend the meeting, but CEOs from some carriers, some airport executives, and Nick Calio, president of Airline for America, the industry trade group, are expected, the sources said Tuesday.
Starbucks Now Wants to Give Employees Free Lawyers to Handle Trump Related Immigration Issues
Below is a letter that went out to Starbucks employees on Monday that TheStreet has obtained. The coffee giant is now offering to provide employees and their families with free legal advice and guidance on immigration issues.
Schlumberger’s Pullback Could Lead to a Rebound: Charts
Schlumberger’s post-earnings slump has driven the stock down to a key support area. Here’s how to trade it.
Google Badly Needs to Swing a Deal for a Chinese App Store
Launching Google Play in China would let the search giant take part in a booming local app store market, and provide a means of distributing its apps. When it comes to mobile, China represents quite the paradox for Alphabet /Google .
Here’s Why Ford Is the Auto Stock to Buy While Trump Is President
Those who are looking for an automaker that can ride out any new border taxes that may come out of Washington should consider Ford Motor . That might seem like a strange thing to say about a global colossus such as Ford Motor, which has taken criticism from President Donald Trump more than once, including over its planned $1.6 billion plant in Mexico, which it ended up canceling last month .
Why Advanced Micro Devices Still Has Room to Run Higher
AMD shares have seen stellar gains since the company reported strong fiscal first quarter results last week, but there are reasons to think it can appreciate even more. Shares of the chipmaker have climbed more than 30% in the days since AMD reported stronger-than-expected fourth-quarter results last Wednesday.
Apple vs. Amazon: Why Investors Have Got It Wrong
Investors are rewarding Apple, while taking Amazon to the woodshed. Here’s why it should be the other way around.
Micron’s in Shallow End of Correction Pool
If MU can overcome some overhead resistance, we could find further gains in the months ahead. In this one-year daily chart of MU, above, we can see an uptrend from a May low.
Cramer: Never Forget the Link Between Oil, Rates and the Banks
You’ve got to have something going right. You can’t expect the stock market to go higher if oil is getting crushed and interest rates are going down.
Breadth Is Deteriorating, Sell Stops Are Being Triggered
The market is repeating what it did the last time the DJIA broke over the 20,000 level. The breakout is failing and momentum is drying up.
LULAC Opposes Federal Communications Commission Decision to Revoke…
LULAC expressed concern for the 13 million low-income Americans who do not have broadband service at home and are eligible to benefit from this program. “We have a national responsibility to ensure all Americans, regardless of their income level, have access to the broadband needed to achieve educational and economic prosperity.”
Auction Goes Into Lightning Rounds
The TV spectrum incentive action is going into lightning rounds as the prices inch up in a handful of smaller markets where demand continues to exceed supply. Bidding will go from four, one-hour rounds to six lasting 40 minutes each, beginning Wednesday, Feb. 8 at 10 a.m. ET.
FCC Extends Comment Period on Repack Reports
The comment period has been extended for weighing in on the TV channel repack reporting requirements proposed Jan. 10 by the Federal Communications Commission. Comments are now due Feb. 17 with replies due Feb. 27. “The Media Bureau hereby extends the filing deadlines for public comment in the pending proceeding proposing to require certain broadcast television stations that are not eligible to receive reimbursement from the TV Broadcast Relocation Fund but must transition to new channels during the post-auction transition period to provide progress reports,” the commission said in a Feb. 6 Public Notice .
No Job Cuts in Gray TV $91M Auction Take
Gray Television did not say Tuesday morning which of its 64 TV stations would be affected when it announced expected auction proceeds of $90.824 million. The company did say, however, that operations would not be materially affected, which means the company may be working out channel-sharing arrangements.
FCC Chairman Defends Decision to Bar 9 Companies From…
New Federal Communications Commission Chairman Ajit Pai has wasted no time getting used to his role, dropping inquiries into free data perks offered by wireless providers. It’s a decision that has raised the ire of net neutrality advocates, stopping nine companies from participating in a federal program, Lifeline, that subsidizes internet service for low-income communities.
Ford reveals new aluminum-sided Expedition SUV
This photo provided by Ford Motor Company shows the 2018 Ford Expedition. Ford says the 2018 Ford Expedition is 300 pounds lighter than the previous model thanks to a new aluminum body and a high-strength steel frame.
Nigel Farage: Brexit, Trump was the Beginning of a Political Revolution
On Monday, Speaker of the House of Commons John Bercow expressed his strong opposition for the newly appointed President of the United States, Donald Trump to speak at Parliament. The Speaker claimed it is “an earned honor” for foreign leaders to address Westminster Hall, adding, “After the imposition of the migrant ban by President Trump, I am even more strongly opposed to an address by President Trump in Westminster Hall.”
How to take care of your house like you’re selling it
Home sellers need to understand that buyers today have access to more information and are more educated and savvy than ever before. As a result, today’s buyers tend to be more cautious.
Twitter’s going to start weeding out abusive tweets before you see them
Twitter knows it has a problem with online abuse, and on Tuesday it announced three more changes it’s making to help users deal with it. The social network said in a blog post that it’s cracking down even more on repeat abusers who make new accounts to continue trolling This “whack-a-mole” problem is a big one for Twitter, which many of its critics have brought up as a consistent weakness in the network’s anti-harassment policies.
U.S. trade deficit last year hit highest level since 2012
The U.S. trade deficit narrowed slightly in December, but the improvement wasn’t enough to keep the deficit for the entire year from rising to the highest level since 2012. That should provide fuel for President Donald Trump’s contention that America needs a tougher approach to trade.