Business

Macy's to close 100 stores

In the Memphis metro area, Macy's stores are located at Carriage Crossing, Oak Court Mall and Wolfchase Galleria. Macy's now has 728 stores, 675 of which are full-line stores. In late-morning trade, Macy's was up 16.1 percent at $39.48. Macy's , the largest department store chain in the USA, plans to close more than 10 per cent of its stores in an effort to reverse years of sagging sales.

Business

Alex Naddour, US men compete for team gymnastics medal

The teen added that she hopes this will not be her last Olympics: "I have three more years of NCAA eligibility, and then I'll be shooting the next year after that aiming for Tokyo". Medals in rugby will be awarded for the first time in 92 years as the top four women's sevens teams in the world - Australia, Canada, Britain and New Zealand - compete.

Business

Stock Futures Inch Higher in Another Range-Bound Day

People are afraid of missing out". Six of the 10 major S&P 500 indexes were higher, led by a 0.36 percent rise in consumer staples. Oil prices were largely flat after rising 2.5 per cent on Monday on renewed hopes that OPEC members would work out a plan to freeze output.

Business

India central bank chief rebuts critics, holds rates

Describing the political attacks on him as abominable, outgoing Reserve Bank of India governor Raghuram Rajan said on Monday that he had been open to staying a bit longer to complete the unfinished work of cleaning up the banking system, but is perfectly happy to go when his tenure ends next month.

Business

Nordstrom Earnings Continue to Wow Investors With Bottom-Line Beat

Nordstrom Inc. shares are up more than 11 percent as of 4:30 p.m. ET after the department store chain's Q2 earnings, posted after the market close Thursday, fared much better than analysts had expected. Royal Bank Of Canada started coverage on Nordstrom in a research report on Tuesday, May 3rd. They set a sector perform rating and a $51.00 price target for the company.

Business

Delta Flights to Soon Pick Up at DTW

Debbie McGarry left Switzerland on Monday and was still stuck Tuesday at the Atlanta airport, far from her Arizona home. "I thought there might be a fistfight". Airlines have been putting more people in each plane, so when a system of a major carrier crashes, as has happened with others before Delta, finding a new seat for the waylaid becomes more hard.

Business

Ukraine Ammases Troops On Crimean Border

Ukraine's president put his army on combat alert Thursday along the country's de-facto borders with Crimea and separatist rebels in the east as a war of words between Russian Federation and Ukraine threatened to heat up the largely frozen conflict over the Black Sea peninsula.

Business

Forest fires kill three people on Portuguese island of Madeira, 1000 evacuated

Mainland Portugal, meanwhile, has also been struck by a spate of forest fires since Friday with the north of the country, where temperatures have surged to 35 degrees Celsius (95 degrees Fahrenheit), particularly hard hit. On mainland Portugal, more than 3,200 firefighters are now battling more than 100 fires that have been raging amid the arid summer heat, causing chaos across the country, according to the Portuguese National Authority of Civil Protection.

Business

SolarCity agrees to $2.6B buyout offer from Tesla

The Wall Street Journal confirmed that an all-stock agreement values SolarCity at around $2.6 billion, or $25.83 a share. SolarCity has a 45-day "go-shop" period to solicit deals for more eager buyers, though a withdrawal from the deal would cost executives up to $78.2 million in fees.

Business

Texas A&M renegotiates "12th Man" deal with Seattle Seahawks

Texas A&M University and the Seattle Seahawks have reached a new license agreement regarding the Seahawks' use of the phrase "12th Man", the university announced in a news release Thursday. Texas A&M trademarked the phrase in 1990. The two entities entered into a five-year licensing deal that year. The 12th Man is a cherished tradition.

Business

India has huge potential for cloud services: Yu Sicheng, VP, Alibaba

Aside from giving foreign firms access to the Chinese market, it would also enable Alibaba to expand its offering with other products that it does not have, at the same time hosting it on its cloud. Called AliLaunch, the platform provides a channel to sell and deploy software and services in China through Alibaba Cloud, which has more than 1.4 million PRC customers and is the country's largest provider of public cloud services .

Business

Arianna Huffington leaving namesake news site for a health and wellness startup

Initially, it was criticized for that practice by some journalists, including former New York Times editor Bill Keller . It bought AOL, Huffington Post's owner since 2011, last year. "There's a reason to fear that it wouldn't be as solid as it has been", said Jeff Cohen , an associate professor of journalism at Ithaca College, who started blogging on the site shortly after it was founded.

Business

Delta Air (DAL) Stock Down, Cancels 150 More Flights

Monday's computer meltdown lasted about six hours and forced Delta to suspend all flights. Southwest said it canceled 2,300 flights between July 20 and 24, about 12 percent of its schedule, and FlightStats Inc. Power utility Georgia Power (GPE-A) stated through a spokesperson , "other Georgia Power customers were not affected". By late Wednesday the effects were receding but Delta still canceled more than 300 flights for the day.

Business

Oil prices fall due to increase in U.S. crude stocks

While gasoline supplies and United States domestic production have fallen, analysts warn that global production levels are far outstripping demand. It now expects output to average 8.73m barrels a day this year and 8.31m barrels a day next year, up from its previous forecast of 8.61m per day and 8.2m a day, respectively.

Business

Researchers upbeat, say Flint water improving from lead mess

Flint's water was contaminated when the city began using the Flint River for its supply in 2014 without adding chemicals to control pipe corrosion. "We can say that the trend is very good". Virginia Tech researchers also tested Flint homeowners' water heaters, not only for high lead levels, but also for other contaminants, including the bacteria that causes Legionnaires' disease.

Business

Former US Rep. Chris Shays Says He's Voting For Clinton

The latest came Wednesday with the Daily News calling for the Republican Party and vice presidential nominee Mike Pence to " abandon Trump for toying with political bloodshed " after Trump's controversial Second Amendment comments at a Tuesday press conference.

Business

Canada's Sun Life Financial profit slumps 34 pct

Adjusted premium and deposits increased 1.1% year over year on increased fund sales and higher net premium revenue, partially offset by lower segregated fund deposits. Financial Update Assets under management increased 7% year over year to $664.7 billion (C$864.6 billion) as of Jun 30, 2016. In January, 2016, the company had entered into an agreement with PVI Holdings to acquire additional 26% stake in PVI Sun Life Insurance Company Litd in Vietnam for cash consideration of $49 million.

Business

Delta Cancels 300 Flights Wednesday Amid Power Failure Fallout

The starting point for preventing computer failures is to ensure reliable electricity sources, said Ron Peri, chief executive officer of Radixx International, which provides passenger-service systems to airlines including FlyDubai and Air India Express.

Business

Stock markets, commodities head higher

Banks and health care companies also slid, while consumer-focused companies moved higher on strong quarterly earnings. The Dow Jones industrial average fell 40.95 points, or 0.22%, to 18,492.1, the S&P 500 lost 6.5 points, or 0.3%, to 2,175.24 and the Nasdaq Composite dropped 26.05 points, or 0.5%, to 5,199.43.

Business

Donald Trump Calls President Barack Obama the 'Founder of ISIS'

In a later speech to homebuilders in Miami on Thursday, Trump said his Democratic opponent, Hillary Clinton, would be given " the most valuable player award" by IS. I mean, I don't know if you agree with that, but every single poll, you know, they have Drudge and they have Time and they have Time Magazine , and they have, you know, like six or seven, and I was in 11 debates.

Business

A Big Deal Could Be Coming For Valeant Pharmaceuticals

Mr. Papa, who took the helm in May, said Tuesday that Valeant would be going in a "new strategic direction" that involves reorganizing the company and its reporting segments, breaking them into three main units. The company, which has been selling non-core assets, said it had stripped the North American rights to the inherited angioedema drug, Ruconest, to Netherlands-based Pharming Group NV in an arrangement worth up to $165 million.

Business

Bank policymaker said no to QE over fears of fuelling inflation

The prospect of further purchases of government bonds by the BoE has fuelled buying of gilts by private investors, driving 10-year yields to just 0.52 percent, a quarter of what they were at the start of this year. "UK bond yields being higher than those in the Eurozone, means that United Kingdom bond yields have further to fall, supporting our long EUR/GBP trade", says a strategy note from Morgan Stanley .

Business

Macy's is closing another 100 stores

Macy's shares climbed on the news, ending the session up XX per cent in NY, though are down more than 40 per cent over the past 12 months. The company said it's examining opportunities for four of its downtown flagship stores in various cities, without identifying them, and is in negotiations to sell its Macy's Men's store on Union Square in San Francisco for redevelopment.

Business

Vail Resorts Buys Whistler Blackcomb Ski Resort

This year, the company faced strong criticism from Park City locals in Utah for attempting to trademark the phrase "Park City", and eventually withdrew its trademark application. Vail Resorts now operates nine mountain resorts and two ski areas in the USA and Australia, including Northstar-at-Tahoe and Park city Mountain Resort.

Business

Carmelo Anthony Becomes Top Scorer In U.S. Olympics History

Between Andrew Bogut's defense, earth shattering screens and the Aussie's persistent perimeter defense, they did great job of frustrating the U.S. and imposing their defensive blueprint on the best offense in the tournament. However, in the game against Australia, the lead in the first half has everyone questioning, "Will USA be able to hold on the Gold?". A 9-0 run to begin the third quarter helped the U.S.

Business

Olympics-Rugby-Fiji save New Zealand blushes, send USA home

Not content with upsetting sevens powerhouses New Zealand in the pool stage on Tuesday, the 10th-ranked Japanese knocked off world sevens series regulars Kenya in their final pool match and snatched victory over France with a last-gasp try on Wednesday.

Business

No Man's Sky's Murray reacts to players finding each other - Still vague

But in spite of confirming that they were in each others' line of sight (by communicating outside of the game ), neither player could see the other . No Man's Sky is out now on PS4, while the PC version hits Steam on August 12. As a result, everything in the No Man's Sky galaxy is new, meaning players need to " discover " things for them to be uploaded into the game's database.

Business

SolarCity gets $2.6 billion merger offer from Tesla

Market observers considered it a huge step for Elon Musk to realize his master plan over the next ten years. The deal includes a 45-day period for SolarCity , allowing it to solicit alternative proposals during the time frame. Some analysts also questioned whether the deal would divert Tesla's attention from an ambitious plan to significantly expand electric-car production in the next few years.

Business

One-In-Five US Republicans Want Donald Trump To Drop Out

Last year, David Paleologos, the director of the Suffolk University Political Research Center, suggested the center's August 2015 poll showed that Trump could have a ceiling of support within the Republican Party. The Iowa trip marked Mrs Clinton's first visit to the battleground state since her narrow win over Bernie Sanders in the lead-off caucuses. Republican presidential candidate Donald Trump criticized Hillary Clinton for letting Omar Mateen's father sit behind her at a rally.

Business

Arianna Huffington signs off at The Huffington Post

Thrive Global has closed its series A funding round. Six years after the site went live, AOL acquired The Huffington Post for $315 million in 2011. Huffington was named president and editor-in-chief of the Huffington Post Media Group, which took on other AOL media properties like Engadget, TechCrunch, Moviefone and MapQuest.

Business

Islamic State sympathiser shot dead by Canadian police

The action was taken on Wednesday night (10 August) following "credible information" of a potential terrorist attack in Canada. The sources declined to be identified as they did not have permission to speak to media. As a precaution, we issued a "see something, say something" vigilance notice to all TTC staff as we do after incidents that occur around the world or if advised of threats closer to home".

Business

Clinton's Post-Convention Bump Puts Her Well Ahead of Trump Now

The ad in question follows the format of Hillary Clinton's famous "3am" spot from the 2008 Democratic presidential primary, with a severe voiceover asking the animated couple "who [they] want answering the call". "While I disagree with her on many issues, I will vote for Mrs Clinton", he wrote. Hanna said Trump is "profoundly offensive and narcissistic" and "a world-class panderer", suggesting that the mogul's demeanour, comments and attitude make him unfit to be President.

Business

Oil demand set to slow in 2017 due to weak economic outlook

Brent crude, used to price global oils, slid 9 cents to $43.95 in London from $44.05. Oil prices fell sharply on Wednesday after data from the U.S. Energy Information Administration showed crude inventories rose 1.1 million barrels in the week ended August 5.

Business

Poll shows Clinton leading in Georgia: Is Alabama next?

Both candidates continue to suffer from challenging unfavorable ratings, though Clinton has made strides improving her marks following the conventions. This is a damning statistic for Trump, considering that he was the front runner in the swing state polls just over a month ago. "First and foremost, the room is not filled just with journalists", Roland Martin, a journalist who moderated a panel prior to Clinton's remarks, told TIME.

Business

Robertson blows another save, White Sox lose in 14

Paulo Orlando , batting leadoff for the first time this season, started the first with a double and scored on Cheslor Cuthbert's single. Colon raced home, ending the Royals' longest game of the year. The White Sox won for the first time in Kansas City in four tries this season despite their fourth blown save. Eric Hosmer leads Kansas City with 119 hits, Alcides Escobar has 30 RBI and Salvador Perez has 16 home runs.


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