Kmart to close 64 more stores across the US
Kmart is closing 64 stores across 28 states and firing thousands of employees. Video by TimeKmart is closing 64 stores as it sheds unprofitable locations.(Photo: Frank Franklin II, AP)Kmart, the mass-merchandise retail chain struggling with listing sales, is going to close 64 stores across the U.S., a person familiar with the matter said Monday.Liquidation sales will begin on Sept. 22, and the stores will close their doors in mid-December, according to the person,who did not want to be ..>> view originalGlaxoSmithKline Names Emma Walmsley as Next Chief Executive
Updated Sept. 20, 2016 9:19 a.m. ET LONDON— GlaxoSmithKline GSK -0.08 % PLC said its head of consumer health care, Emma Walmsley, will succeed Andrew Witty as chief executive, in a move that cements the company’s shift away from its dominant prescription-medicine business. Ms. Walmsley, 47 years old, will take up the post when Mr. Witty steps down on March 31, making Glaxo the only top-tier pharmaceutical company to be led by a woman. The consumer health-care division, ..>> view originalWells Fargo's John Stumpf Takes Center Stage at Senate
John Stumpf’s trip to Capitol Hill on Tuesday opens Wells Fargo’s sales practices—and the executive himself—to a fresh round of scrutiny. The Wells Fargo chief executive has been called to testify before the Senate Banking Committee to discuss allegedly illegal sales practices at Wells Fargo. These led the bank to agree to a $185 million fine and enter into an enforcement action with regulators. Mr. Stumpf has said he is...>> view originalPre-Open Stock Movers 09/20: (TBRA) (CNAT) (WINT) Higher; (ASNA) (MGT) (SEAS) Lower (more...)
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here. Today's Pre-Open Stock Movers. Tobira Therapeutics, Inc. (NASDAQ: TBRA) 603% ...>> view originalHousing Starts in U.S. Declined in August on Plunge in South
New U.S. home construction fell more than projected in August as a plunge in the South, the biggest region for building, more than offset gains in the rest of the country.Residential starts declined 5.8 percent to a 1.14 million annualized rate, from the prior month’s revised 1.21 million pace, a Commerce Department report showed Tuesday in Washington. The median estimate of economists surveyed by Bloomberg called for a drop to 1.19 million. Permits, a proxy for future construction, unexpectedl..>> view originalNetflix Just Showed You Another One of Its Competitive Advantages
Image Source: Motley Fool Netflix (NASDAQ:NFLX) scored another coup in its quest for international dominance last week. The leading video streamer forged a deal with international cable provider Liberty Global (NASDAQ:LBTYB) to be included on its set-top boxes. With 29 million customers in 30 countries, Liberty Global is the largest international cable company in the world. Liberty called the deal a "multi-year partnership" in a press release, noting it "follows the successful launch of Netfli..>> view originalLennar's 3Q results top Street, delivers more homes
FILE - In this Jan. 6, 2012, file photo, Lennar homes are advertised for sale in San Jose, Calif. Lennar Corp. reports financial results on Tuesday, Sept. 20, 2016. (AP Photo/Paul Sakuma, File) The Associated Press MIAMI (AP) — Lennar's fiscal third-quarter results topped analysts' estimates as it delivered more homes amid the ongoing recovery of the housing market. Lennar's announcement of its quarterly performance comes on the same day that the Commerce Department reports on August U...>> view originalFinancials boost Wall Street ahead of Fed meet
Wall Street was trading higher on Tuesday, helped by financial stocks, as investors await the Federal Reserve's decision on interest rates. The central bank's two-day meeting will conclude with Fed Chair Janet Yellen's press conference at 2:00 p.m. ET on Wednesday. The doves in the Fed are most likely to rule over the hawks who support higher rates in the near term, but investors will assess the comments for clues on a likely hike in December. Investors are also watching the Bank of Japan's me..>> view originalUnilever Buys 'Green' Products Maker Seventh Generation
Updated Sept. 19, 2016 4:47 p.m. ET LONDON— Unilever UL 0.00 % PLC is getting into the market for “natural” cleaning products with a deal to buy Seventh Generation Inc., a maker of plant-based detergents and household cleaners. The European consumer products giant behind Dove soaps and Axe body sprays agreed to pay roughly $700 million for Seventh Generation, a person familiar with the terms said. The deal gives Unilever a foothold in the U.S. market for diapers and tamp..>> view originalStocks rise amid Fed, BOJ meetings; oil slips
Housing starts and permits were two of the last data sets released as the Fed began its two-day policy meeting on Tuesday. Market expectations that the Fed will raise interest rates on Wednesday were low. Lindsey Piegza, chief economist at Stifel Fixed Income, said Monday the odds of a rate hike this month are "well under 20 percent," in her view. "I maintain that Janet Yellen will refrain from adding restrictive measures until at least December. Such inaction does not guarantee a resumpti..>> view original
Friday, October 14, 2016
Kmart to close 64 more stores across the US and other top stories.
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