Sears at Park City Center in Lancaster among those closing in March

Liquidation is expected to begin in January. Sears is not indicating how many employees are affected by the closure. Sears chairman Eddie Lampert proposed to buy out the company as a whole through his hedge fund, ESL Investments, for $4.6 billion... More..

by | Published more than a month ago
Wells Fargo to pay $575m settlement for setting up fake banking accounts
by | Saturday, December 29, 2018

Wells Fargo to pay $575m settlement for setting up fake banking accounts

Iimposed aggressive and unrealistic sales goals on bank employees and implemented an incentive compensation program where employees could qualify for credit by selling certain products to customers creating an ...More..

Sears faces critical deadline, will it survive?
by | Friday, December 28, 2018

Sears faces critical deadline, will it survive?

The deadline to submit bids for Sears is December 28. If he is named a qualified bidder, then ESL could participate in an auction against liquidation bids on January 14. Hoffman Estates-based Sears Holdings C...More..

Washington state minimum wage increases to $12 per hour
by | Friday, December 28, 2018

Washington state minimum wage increases to $12 per hour

In coordination with the increase, the state Department of Labor will release a multimedia public education campaign to raise awareness about the new minimum wage. Timothy Olawale , NECA's Director, expressed h...More..

Dow notches record point surge in dramatic rebound
by | Friday, December 28, 2018

Dow notches record point surge in dramatic rebound

If Wednesday's gains do not hold and slip away in the next three trading days, US stocks could still have their worst December ever. At its session low, the S&P hit a fresh 20-month low and came within two poin...More..

Amazon's record holiday shows consumer spending appetite alive
by | Friday, December 28, 2018

Amazon's record holiday shows consumer spending appetite alive

It doesn't immediately ask you to log into your Amazon account, which is freakish considering you need one to use Alexa on Alexa-enabled devices. Nonetheless, this shows us just how successful Echo Dot device...More..

by | Friday, December 28, 2018

As of late afternoon, no CenturyLink ETA for restored Internet service

CenturyLink subsequently said it had identified a "network element that was impacting customer services" and aimed to have its services back up and running by 1 a.m. Overnight internet outages have been affec...More..

Blue light in the sky over NYC was 'not aliens'
by | Friday, December 28, 2018

Blue light in the sky over NYC was 'not aliens'

Blown transformer at Queens Con-Ed facility", Eric Phillips, the mayor's press secretary, tweeted , "Scattered power outages, including LGA. There are no injuries reported, and no fire", the fire department sa...More..

'I do' have confidence Treasury Secretary Mnuchin
by | Friday, December 28, 2018

'I do' have confidence Treasury Secretary Mnuchin

Further declines in stock futures yesterday in Asia suggested that the benchmark for American equities was nearing a bear market until it turned around, as U.S. Markets have been roiled by ongoing uncertainty...More..

Global e-commerce giants face hit from new India rules
by | Friday, December 28, 2018

Global e-commerce giants face hit from new India rules

This will impact backend operations, as Group entities would have to be removed from the e-commerce value chain. The Ministry of Commerce and Industry also said that no e-commerce firm can oblige any seller to ...More..

Trump ready to sign executive order that would bar Huawei, ZTE purchases
by | Friday, December 28, 2018

Trump ready to sign executive order that would bar Huawei, ZTE purchases

Three sources familiar with the matter told Reuters the order has been under consideration for more than eight months, but that it could drop as early as January. "We have to recognise the fact ... that the C...More..

How the world celebrates Boxing Day
by | Friday, December 28, 2018

How the world celebrates Boxing Day

The BBC has compiled a menu of vaguely disquieting recipes for Boxing Day brunch, including Christmas cake soufflés, cheesy sprout fondue, and "ham and watercress salad with clementine dressing" - plus seve...More..

Tokyo stocks open higher after Tuesday's sharp plunge
by | Thursday, December 27, 2018

Tokyo stocks open higher after Tuesday's sharp plunge

The blue-chip stock gauge dropped below 20,000 for the first time since September 2017 and closed 21 percent lower than an October 2 high, joining the broader Topix index in a bear market. Investors had bee...More..

Dow Suffers Record-Breaking Christmas Eve Losses
by | Thursday, December 27, 2018

Dow Suffers Record-Breaking Christmas Eve Losses

The offshore yuan extended gains from earlier this week on the latest news on trade negotiations being scheduled for next month. The rally came after a strongly positive report from Mastercard, which had reve...More..

Trump blasts Fed as USA economy's 'only problem'
by | Thursday, December 27, 2018

Trump blasts Fed as USA economy's 'only problem'

Stocks initially fell on Monday following a statement from Treasury Secretary Steven Mnuchin that he had checked on the health of the country's largest banks. Meanwhile, the U.S. Senate has been unable to bre...More..

Shutdown cuts Christmas vacation short for Federal employees
by | Thursday, December 27, 2018

Shutdown cuts Christmas vacation short for Federal employees

Democrats have dug in and are refusing to give in to Trump's demand for $5 billion. "I'll call it whatever they want, but it's all the same thing". Matt Schlapp, head of the American Conservative Union and a ...More..

Oil in London dips below $50 as market chaos counters Opec+cuts
by | Thursday, December 27, 2018

Oil in London dips below $50 as market chaos counters Opec+cuts

At the same time, an ongoing trade war between the US and China, and the Federal Reserve's policy on interest rates has led to concerns over the global economic outlook. USA crude CLc1 was up $2.86 a barrel, or...More..

Tesla set to introduce the new Model Y EV next March
by | Wednesday, December 26, 2018

Tesla set to introduce the new Model Y EV next March

And with a sticker price that will likely resemble the Model 3's, the Model Y will launch in the U.S. with very little direct competition when you consider the premium attached to the electric SUVs from Jaguar,...More..

Mega Millions Christmas Jackpot Announced
by | Wednesday, December 26, 2018

Mega Millions Christmas Jackpot Announced

A very lucky victor with the numbers 2-8-42-43-50 wins the Christmas jackpot. "Lucky retailers" qualify as spots that have paid out on average $4,000 per week in winning tickets. For the drawing, players can bu...More..

What's open and closed on Christmas Eve, Christmas Day and Boxing Day
by | Wednesday, December 26, 2018

What's open and closed on Christmas Eve, Christmas Day and Boxing Day

The Buffalo Wild Wings chain is not only open, but wants to give you the space to hold your own holiday party this Christmas . Not only is it Christmas but it's also his birthday right after Christmas. Last-mi...More..

Ex-Nissan chief Ghosns detention extended by 10 days
by | Wednesday, December 26, 2018

Ex-Nissan chief Ghosns detention extended by 10 days

The court's decision is the latest twist in a saga that has gripped Japan and the business world since his arrest in Tokyo on 19 November. Ghosn was re-arrested on Friday based on suspicions that around Oct...More..

Ministers to discuss Gatwick drone drama as suspects released
by | Wednesday, December 26, 2018

Ministers to discuss Gatwick drone drama as suspects released

Gatwick chief operating officer Chris Woodroofe said police decided against shooting down the drones at the airport with firearms because of "what might happen with stray bullets". Despite their release, the ...More..

U.S. stocks dive after brutal holiday-shortened session
by | Wednesday, December 26, 2018

U.S. stocks dive after brutal holiday-shortened session

President Trump , already seething at the Federal Reserve over the market's poor performance, is weighing getting rid of Mnuchin , whose future may depend on the market rebounding, Bloomberg News reported l...More..

Top Trump official calls bankers, will convene
by | Wednesday, December 26, 2018

Top Trump official calls bankers, will convene "Plunge Protection Team"

To which, the collective response from the whole world seemed to be: "Wait, who said anything about not having ample liquidity?" Mnuchin "also confirmed that they have not experienced any clearance or margin ...More..

Surging US Oil from Efficient Fracking Is Forcing More OPEC Cuts
by | Wednesday, December 26, 2018

Surging US Oil from Efficient Fracking Is Forcing More OPEC Cuts

During their meeting next April, the producers are also expected to sign a long-term agreement to formalize cooperation between OPEC and non-OPEC members over oil output. Oil production has been at or near reco...More..

Federal Reserve raises interest rates, slightly lowers projection for USA economic growth
by | Tuesday, December 25, 2018

Federal Reserve raises interest rates, slightly lowers projection for USA economic growth

If that were to happen, interest rates could mean the difference between an economic slowdown and a recession. "They want to get to the place where they can say, all decisions are data-dependent", said Vincen...More..

Shoppers warned not to splurge during Boxing Day sales
by | Tuesday, December 25, 2018

Shoppers warned not to splurge during Boxing Day sales

Claus or the Grinch will get on the hill for free at Sunshine Village. You'll get it done. On Christmas Day , GO will run on a Sunday schedule, and on Boxing Day it will run on a Saturday schedule. Dollar ...More..

List of Open Restaurants on Christmas Eve and Christmas Day
by | Tuesday, December 25, 2018

List of Open Restaurants on Christmas Eve and Christmas Day

Some restaurants may have adjusted hours for Christmas Eve and Christmas Day , so be sure to check the hours for your local location. Bright Lights Windsor at Jackson Park will be open each night from 5:30...More..

Christmas Eve store hours 2018: Is Target open?
by | Monday, December 24, 2018

Christmas Eve store hours 2018: Is Target open?

Chinook Centre , Southcentre Mall, Sunridge Mall, CrossIron Mills, Market Mall and The CORE are open until 5 p.m. on Christmas Eve and closed on Christmas Day . Many stores are also likely to open slightly l...More..

Oil rises as OPEC output cuts seen deeper than expected
by | Monday, December 24, 2018

Oil rises as OPEC output cuts seen deeper than expected

While the US and China - the world's two biggest economies - are planning to hold meetings in January to negotiate a broader truce in their trade spat, a speech by Xi on Tuesday fueled concerns over slowing gro...More..

FDA Officially Says Hemp and CBD Are Now Legal
by | Monday, December 24, 2018

FDA Officially Says Hemp and CBD Are Now Legal

We will utilize our strong heritage of agronomy expertise, paired with our track and trace technology, SENTRI, to help American farmers capitalize on this emerging market to efficiently and profitably cultivate...More..

Birmingham Airport: Dozens of flights cancelled due to air traffic control fault
by | Monday, December 24, 2018

Birmingham Airport: Dozens of flights cancelled due to air traffic control fault

Steve Fisher, a commercial drone pilot who lives and works a few miles from Gatwick Airport , says he has flown drones for commercial purposes adjacent to the airport multiple times without incident. Drone fli...More..

Hydro crews work around the clock to restore power to British Columbians
by | Monday, December 24, 2018

Hydro crews work around the clock to restore power to British Columbians

Thursday's storm left a path of destruction, killing one woman when a tree fell on her tent in Duncan, and causing Nanaimo's water treatment plant to break down and part of White Rock's beloved pier to collapse...More..

Christmas shopping: Have your habits changed?
by | Monday, December 24, 2018

Christmas shopping: Have your habits changed?

It's also infamous for being the longest wait at nearly any shopping center. Ponce says after seeing how happy his daughters were, he didn't mind. "This is probably our busiest weekend of the year". Conner ...More..

Jennie-O Turkey Store recalls 164,000 pounds of ground turkey products
by | Monday, December 24, 2018

Jennie-O Turkey Store recalls 164,000 pounds of ground turkey products

The recalled products have the tag P-579 marked on the lower left corner of the front of the package . The common strain of salmonella associated with the illnesses has been identified in various raw turke...More..