Author: super@dmin

Sears is closing its last Chicago store Sears is running out of time to fix its problems, the CEO says. Eddie Lampert, who controls most of the company’s shares through his hedge fund, told the board on Monday that it must address “significant near-term constraints” in its cash position. He cited $134 million in debt…

Google CEO: Democracies should draw line on hate speech, not us Google CEO Sundar Pichai responded to reports that some staff had discussed tweaking search results to show a pro-immigration bias. “We do not bias our products to favor any political agenda,” he wrote in an email to Google employees. Pichai sent the note on…

Donatella Versace: A fashion icon ft. Lady Gaga Michael Kors might be about to snap up Versace. The US handbag maker is close to buying Versace in a deal that values the Italian fashion house at around $2 billion, according to Bloomberg. The deal could be announced as soon as this week. Versace declined to…

Coming off the best week for digital currencies since late July, bitcoin, the world’s No. 1 digital currency, was trading marginally lower on Monday. In early action, a single bitcoin BTCUSD, -0.93%  was changing hands at $6,588.19, down 1.3% since Sunday at 5 p.m. Eastern Time on the Kraken exchange, and off a late-Friday high…

Not all company share-buybacks are created equal. Investors can gain a crucial advantage by taking this into account. And it takes surprisingly little effort to do so: less than 10 minutes of analysis whenever a monitored company reports earnings. These are the fascinating conclusions of new research into a type of buyback known as an…

CEO: Weight Watchers name now a misnomer Weight Watchers really wants to let you know that it’s not just a diet company — so much so that it’s changing its name to WW. The company announced Monday that the new WW (WTW) name reflects its focus on overall health and wellness, and not just shedding…

President Donald Trump came to power trumpeting his “America First” agenda. Yet his immigration policies are anything but. Indeed, the U.S. is composed of immigrants, natives, and their descendants. Stoking fear and anxiety about foreigners belies the inscription on the Statute of Liberty, “Give me…your huddled masses yearning to breathe free.” Not only are Trump’s immigration…

U.S. stock-market investors are about to witness something that’s hasn’t been seen in decades: the creation of a new market sector. Friday will see the launch of the S&P Communications Services sector, a reshuffling of major industry groups that will impact some of the most widely followed and traded names on Wall Street. The new…

NEW YORK, NY – JUNE 12: General view of SiriusXM Studios on June 12, 2015 in New York City. (Photo by Robin Marchant/Getty Images for SiriusXM) SiriusXM is buying Pandora in a $3.5 billion all-stock deal. The deal will create the world’s largest audio entertainment company, the companies said early Monday. SiriusXM (SIRI) has 36…

Americans’ credit scores are higher than ever. The average FICO score, a widely used credit rating named for the Fair Isaac Corporation, is now 704. It hit that number in April 2018, according to a report from FICO released Monday, an increase of four points since the average score hit 700 for the first time…