Sears shutting down at RI Mall location

Sears shutting down at RI Mall location

On Friday, Sears Holdings announced plans to shut an additional 20 stores that are losing money, including 18 Sears stores and two Kmart locations. The future of one of the best-known brands in the retail travel industry - Sears Travel - is up in the air now that Sears Canada Inc. has filed for creditor protection. Read More

All US big banks well capitalized, Fed stress tests show

All US big banks well capitalized, Fed stress tests show

Although the banks, including household names like JPMorgan Chase & Co and Bank of America Corp, would suffer $383 billion in loan losses in the Fed's most severe scenario, their level of high-quality capital would be substantially higher than the threshold that regulators demand, and an improvement over last year's level. Read More

Amazon.com to acquire Whole Foods at US$42 per share

Investors are likely anxious that Amazon , once entrenched in the physical grocery store business, will ruthlessly cut prices for food products like it did with books. In order for Amazon to get the volume growth they are looking for, fresh foods has to be part of the equation. Whole Foods , which will keep operating stores under its name, said in an email to customers, that it will maintain the same standards under Amazon , including bans on artificial flavors and colors and ... Read More

Church calendar for Saturday, June 17

The Rev. David Moseley will preach on "What Should We Do?" during the 10:45 a.m. ConneXion service in the Christian Life Center. Father's Day Service , 11 a.m., Change Me Ministries and Fellowship, 2310 Fort Ave., our guest speaker will be the Rev. Read More

Oil Supply Growth to Outpace Rise in Consumption in 2018

The increase in US gasoline inventories drove down RBOB futures by more than 4 percent, tugging Brent and USA crude futures lower with them, analysts said. "Ongoing concerns about product demand is spooking the bulls, at a time that gasoline demand should be ratcheting up and driving on bigger crude draws". Read More

Captain Kane rescues England against Scotland

The 23-year-old said: "It looked like we're going to win the game and all of a sudden, it looks like we're going to lose". "It is fundamental to being a top team but it is only one step in that direction, we can still improve in all areas, we all know that, but nevertheless it is a significant moment I think", he said. Read More

Russia's economic policy no longer depends on oil prices - Economic Development Minister

Russia's economic policy no longer depends on oil prices - Economic Development Minister

Brent crude futures settled at $49.95 per barrel, down 68 cents or 1.3 percent, while U.S. West Texas Intermediate crude futures fell 70 cents to settle at $47.66 per barrel or 1.5 percent. Last week OPEC and some non-OPEC producers extended a deal to cut 1.8 million barrels per day in supply until March 2018. Crude oil prices have been dampened by rising U.S. Read More

Biden: Paris deal 'best way to protect' U.S. leadership

Nancy Pelosi, one of the top Democrats in Congress, described the apparent decision as a "stunning abdication of American leadership and a grave threat to our planet's future". which might undermine the Paris agreement . Trump tweeted on Wednesday night that he would announce his decision at 3pm ET on Thursday at the White House and there are fears that will he confirm reports thatthe USA will soon join Nicaragua and Syria on the small list of countries refusing to back the climate ... Read More

Moody's cuts China credit rating over rising debt

China's Finance Ministry said the downgrade, Moody's first for the country since 1989, overestimated risks to the economy and was based on "inappropriate methodology". Moody's changed its outlook for Hong Kong to stable from negative, citing the government's vast cash pile it can use to ward off financial and economic shocks. Read More

Why this is a unsafe time for Fox News

Why this is a unsafe time for Fox News

The NBC-owned network led by "The Rachel Maddow Show", now the No. 1 show in cable news with an average of 2.9 million viewers last week, became the go-to destination for viewers transfixed by the unfolding investigation into the White House scandal. Read More

US Senate confirms Ambassador to China

US Senate confirms Ambassador to China

Branstad, 70, was confirmed by the US Senate by a roll-call vote of 82-13, after the Senate's Foreign Relations Committee approved his nomination on May 9. As Branstad's longevity in office showed, Iowa has no term limits. Kim Reynolds has the knowledge and experience to take on the role of Governor and move Iowa forward. Read More

Donald Trump condemns 'evil losers' behind Manchester terror attack

Donald Trump condemns 'evil losers' behind Manchester terror attack

President Trump said that it's absolutely atrocious that these "beautiful young people were just going about and enjoying their life" while these utter "losers in life" killed them. "We must seize them together". Abbas also expressed his "warm condolences" to the victims of the attack and to the British people. "This wicked ideology must be obliterated", he declared. Read More

Canadian men win bronze at London Sevens

Canadian men win bronze at London Sevens

Scotland came from behind to beat England 12-7 in an all-British final at the World Rugby London Sevens today at Twickenham . "I'm proud of the players and I'm proud of the staff", he said. They had earlier defeated United States 21-14 in the semi-final thanks to Joe Nayacavou's try with the final play of the game. Eden Agero scored and converted his own try before captain Andrew Amonde grounded a converted try for a 14-0 lead. Read More

AT&T workers set strike date for tomorrow

This company made $13 billion in profits a year ago, but is now denying its workers, who are making this company so profitable, the contract they deserve. Their walkout started early Friday afternoon, and it's the first time AT&T wireless workers have gone on strike. We have made every effort to bargain in good faith with AT&T but have been met with delays and excuses. Read More

Disney's Unreleased Film Claimed to Be Held for Ransom by Hackers

Disney's Unreleased Film Claimed to Be Held for Ransom by Hackers

Although Disney CEO Bob Iger did not reveal the film that was claimed to be held by hackers, he did reveal to ABC employees during a town hall meeting in NY on Monday that the pilfering of the film definitely occurred. Deadline .com said the film was Pirates of the Caribbean: Dead Men Tell No Tales , the latest instalment of the franchise starring Johnny Depp. Disney did not immediately respond to a Guardian query seeking confirmation. Read More

US retail sales rebounded in April after sluggish winter

US retail sales rebounded in April after sluggish winter

Economists surveyed by The Wall Street Journal had expected a 0.5% gain. On a year-on-year basis, sales rose 4.5% in April. Commerce reported a 0.4 percent increase from March to April at $474.9 million and a 4.5 percent gain over April 2016. Read More

Tesla boss says orders for its solar roof product will open today

Tesla boss says orders for its solar roof product will open today

Buyers will want Tesla's roof, he said , because it looks as good or better than a normal roof. Thankfully you won't have to worry about installing the Solar Roof yourself. This is a very very rough estimate though so if you're curious there's a calculator on Tesla's site that can help potential customers find out. Tesla estimated that a typical homeowner would expect to pay US$21.85 a square foot for the solar roof , "and benefit from a attractive new roof that also increases the ... Read More

Oil Producers Have Consensus to Extend Cuts, 2 OPEC Members Say

Oil Producers Have Consensus to Extend Cuts, 2 OPEC Members Say

By the time OPEC meets in Vienna on May 25, USA output will be approaching the 9.5 million barrels a day mark - higher than in November 2014 when OPEC started a two-year price war. United States light crude oil ended the day up 50 cents, or 1.6%, at $47.83. It also forced US producers to become more efficient, and they can now withstand much lower prices than just a few years ago. Read More

US, European stocks touch record highs as calm backs risk rally

US, European stocks touch record highs as calm backs risk rally

On the Nasdaq, 1,501 issues rose and 1,233 fell. In contrast, I view decreasing levels of equity volatility as a very bullish quantitative factor, given the current U.S. It briefly touched a record high of 2,399.94. (MAR) were all trading higher after reporting better-than-expected quarterly results. The Nasdaq Composite .IXIC had declined 0.02 percent to 6,099.24. Read More

Hertz Global Holdings, Inc (HTZ) Bonds Trading 1.3% Higher

The Estero, Florida-based company said it had a loss of $2.69 per share. The company is estimating to achieve earnings per share (EPS ) growth of -28.40% in this year and the earnings per share (EPS ) growth expected to be 62.10% in the next year. Read More

Baba Ramdev plans fast food chain to counter McDonald's, KFC

Baba Ramdev plans fast food chain to counter McDonald's, KFC

Now operating primarily from Hardwar, Patanjali is looking to set up facilities at destinations such as Noida, Nagpur and Indore, among others, that would take his production capacity to Rs 60,000 crore in the next one year from Rs 35,000 crore now. Read More

Officials prepare for Day of Prayer

Officials prepare for Day of Prayer

The third annual event in the Falls, being held from 6 to 7:30 p.m. today, was originally planned for Hyde Park, but after checking out the muddy, windy and wet location near Duck Island on Wednesday, planners chose to move the celebration indoors to the veterans post nearby. Read More

UFC creates 4th weight class for women, adding 125-pounders

UFC creates 4th weight class for women, adding 125-pounders

This isn't the first time the UFC has decided on an inaugural champion for a new division via TUF, as the first ever women's strawweight champion was crowned on TUF 20. Season 30 tryouts will commence on May 30th at the Palace Station Hotel in Las Vegas for fighters aged between 21 - 34 with a winning three fight record. Read More

U.S. trade deficit improves slightly in March

U.S. trade deficit improves slightly in March

Advertisment Statistics Canada released figures Thursday morning showing that Canadian exports surged to a record $47 billion in March, but the country still posted a $135-million trade deficit for the month as imports also rose. -China trade deficit increased 7.0 percent to $24.6 billion in March. The government reported last week that trade had a neutral impact on the 0.7 percent annualized rise in gross domestic product in the first quarter. Read More

American Airlines tops first-quarter profit views; unveils pay hike

American Airlines tops first-quarter profit views; unveils pay hike

American is in contract negotiations with its mechanics and ground workers union groups, but the company implemented pay raises for those employees in September. United , Delta and Southwest all predict an increase in the revenue measures, known as PRASM, for the current quarter. The flight attendants' union recently lost an arbitration in which they argued a recent raise should have been 8.2 percent. Read More

Oil Slips as US Gasoline Stockpiles Climb, Crude Supplies Drop

On the NYME, the May delivery for West Texas Intermediate dropped by 24 cents to reach $52.41 per barrel. Traders opined that oil prices gained support as OPEC's secretary general assured that the oil cartel is committed to rebalance market stability by bringing down crude stocks down across the globe to the industry's five-year average. Read More

Marissa Mayer Is Leaving Yahoo with an Insane Amount of Money

Marissa Mayer Is Leaving Yahoo with an Insane Amount of Money

Getting more pay than Armstrong for leaving rather than staying is one of the examples that show how well Marissa Mayer did since she became Yahoo CEO five years ago. Mayer has about $84 million in stock options and $25 million in restricted stock units, according to the Monday filing. Mayer admitted that year the company had only started investing in mobile in 2013 and was "late" and "behind". Read More

Treasury doesn't name any countries as currency manipulators

One of Donald Trump's most prominent trade advisers has rounded on the president for his U-turn on branding China a currency manipulator. Chuck Schumer (D-N.Y.), the Democratic leader, said in a statement Friday. China held down the value of its currency, called the renminbi, RMB or yuan, to help its exporters for roughly a decade. In fact, the president's trade stance on China has taken an even softer tone since he met last week with President Xi Jinping. Read More

US FCC to launch 'comprehensive review' of media regulations

US FCC to launch 'comprehensive review' of media regulations

And it could pave the way for the FCC to reverse a key decision, undertaken in 2015, to regulate Internet providers like legacy telephone companies. "Broadcasting, and broadcasters, will not be a speed bump" for the Commission under his Chairmanship, PAI said, pointing to his making TV's "next-gen" ATSC 3.0 a priority. Read More

AT&T Rising: Q1 Rev Misses, Year Profit Growth View Tops Consensus

AT&T Rising: Q1 Rev Misses, Year Profit Growth View Tops Consensus

AT&T is trying to diversify by buying Time Warner Inc TWX.N in a $85.4 billion deal that would give it control of cable channels like HBO and CNN as well as film studio Warner Bros. The company posted first-quarter earnings excluding some items of 74 cents a share, matching analysts' predictions. Revenues fell 2.8% from past year to $39.4 billion, missing analysts' view for $40.5 billion. Read More