Markets

Gymboree closing at Hanes Mall; Greensboro and Mebane shops will remain open

Gymboree closing at Hanes Mall; Greensboro and Mebane shops will remain open The retailer is working with Great American Group and Tiger Group to manage the closing sales for the stores it plans to shutter. Department stores making similar significant store closing announcements include Dillard's, J.C. The company is closing Gymboree, Gymboree Outlet and insane 8 stores across the U.S. Sales at those closing stores will start Tuesday, July 18. Gymboree once had a store... [Full Article...]

Honda Confirms 11th US Death From Faulty Takata Airbag

Honda Confirms 11th US Death From Faulty Takata Airbag A medical examiner ruled his death accidental due to head trauma, according to a Hialeah police report. NHTSA estimates that Honda has fixed almost 60 percent of all the recalled airbags within its own and Acura vehicles - but that still leaves millions of inflators needing a fix. [Full Article...]

Tesla wins deal for mammoth Australian battery system

Tesla wins deal for mammoth Australian battery system Tesla ( TSLA ) has committed to build the world's biggest lithium ion battery in the Australian state of South Australia . Musk said he insisted the 100-day deadline be written into the project's contract since that's what he said publically. [Full Article...]

The Zoo Digital Group plc (ZOO) Rating Reiterated by FinnCap

The Zoo Digital Group plc (ZOO) Rating Reiterated by FinnCap Jefferies Group LLC's price target would suggest a potential upside of 10.13% from the company's current price. BNP Paribas reaffirmed an "outperform" rating and set a GBX 405 ($5.25) target price on shares of Glencore PLC in a research note on Thursday, March 23rd. [Full Article...]

Gas prices haven't changed much in northern New England

Gas prices haven't changed much in northern New England Meanwhile, the average price nationally stayed flat at $2.25 a gallon, GasBuddy reported. Gas was selling Monday as low as $1.67 at several Cleveland stations, including the Hi-Tech station on Ocoee Street that briefly dipped its price to $1.64 earlier this week. [Full Article...]

Qatar deadline extended by 48 hours: Saudi

Qatar deadline extended by 48 hours: Saudi Here are the demands that the Arabs nations want to be met by the end of the Qatar deadline. Last month, the network said "We assert our right to practice our journalism professionally without bowing to pressure from any government or authority". [Full Article...]

Ibaka re-signs with Raptors for three

Although there was interest from both the Houston Rockets and Miami Heat , it felt like it was only a matter of time until the Raptors reached an agreement with Ibaka. Ibaka is one of only 13 players in National Basketball Association history to make 100 3-pointers and record 100 blocks in the same season; he did it last season, along with Karl-Anthony Towns, Kristaps Porzingis and Brook Lopez. [Full Article...]

Carrie Lam Is Sworn In as Hong Kong's First Female Leader

Carrie Lam Is Sworn In as Hong Kong's First Female Leader Xi Jinping , China's president, right, and Carrie Lam , Hong Kong's incoming chief executive, leave the stage during a swearing-in ceremony in Hong Kong, China, on Saturday, July 1, 2017. On Saturday, pro-democracy protesters clashed with police amid increased security across the city for Xi's visit. During his speech , Xi stressed that "one country" is the foundation of "two systems"-a m... [Full Article...]

Earnings on the Doorstep For Constellation Brands, Inc

Earnings on the Doorstep For Constellation Brands, Inc Parallel Advisors LLC bought a new stake in Constellation Brands during the fourth quarter valued at about $267,000. The institutional investor held 224,898 shares of the edp services company at the end of 2016Q4, valued at $10.65 million, up from 213,382 at the end of the previous reported quarter. [Full Article...]

Berkshire Takes 9.8% Stake in Store Capital in Property Bet

Berkshire Takes 9.8% Stake in Store Capital in Property Bet Store Capital describes itself as a leader in the single tenant operational real estate and dedicates itself to net-lease profit-center property investments. 14 shares were traded on Berkshire Hathaway's last session. Berkshire "saw an opportunity to invest at an attractive price, and they believe in us". [Full Article...]

China vows to back 'Afghan-led' peace process

China vows to back 'Afghan-led' peace process Wang Yi said during a visit to Pakistan on Sunday that foreign ministers from the three countries would discuss relations, with an emphasis on economic cooperation. "In our discussions, yesterday, we took stock of the progress made in bilateral relations, including political, strategic and economic cooperation". [Full Article...]

America's biggest banks pass post-crisis stress tests

America's biggest banks pass post-crisis stress tests The results of the stress tests showed that these banks' tier one capital ratio, an important indicator for banks' capital levels, will drop to a minimum level of 9.2 percent in the most severe scenario, well above the minimum requirement set by regulators. [Full Article...]

Brexit talks to begin amid post-election fallout in Britain

Brexit talks to begin amid post-election fallout in Britain In the first step, the two sides will deal with "the most pressing issues" in order to "lift the uncertainty caused by Brexit ", including "citizen rights , the single financial settlement, and other separation issues". "To do this in the context of our wider objectives will be challenging", he said. "It will nearly certainly need an implementation period, outside the customs union itself bu... [Full Article...]

Authorities: Teen slain after leaving mosque, man arrested

Torres - already enraged by the argument - caught up with the group at a nearby parking lot, got out of his auto and then began chasing them while armed with a baseball bat, police said. Hassanen's body was found later in a pond. The attack happened early on Sunday after the victim and several friends walking outside the mosque got into a dispute with a motorist in the community of Sterling, t... [Full Article...]

McCain: Americans 'stupid' to travel to North Korea

McCain: Americans 'stupid' to travel to North Korea But U.S. doctors who examined him said he suffered severe neurological trauma and showed no signs of botulism . He died Monday as a result of his condition. When Otto returned to Cincinnati late on June 13th he was unable to speak, unable to see and unable to react to verbal commands. What doctors at the University of Cincinnati hospital did find was extensive brain damage that looked like ... [Full Article...]

Trump confirms he's under investigation, fires angry tweets

On Wednesday, The Washington Post reported that Trump was under investigation for obstruction of justice, citing unnamed officials. Rosenstein's statement also came hours before an ABC report that claimed the deputy attorney general had said he might need to recuse himself from Mueller's probe. [Full Article...]

Amazon To Buy Upmarket Grocer Whole Foods For US$13.7b

Amazon To Buy Upmarket Grocer Whole Foods For US$13.7b In the US "this adds 440 refrigerated warehouses within 10 miles of probably 80% of the population", said Michael Pachter, an analyst for Wedbush Securities. Analysts say the Whole Foods footprint and distribution channel could theoretically make 5-minute deliveries a reality. The post Amazon-Whole Foods Marriage Could Disrupt Grocery Business (NASDAQ: AMZN ) appeared first on Market Exclusi... [Full Article...]

Court filing: Marsh seeks OK to sell 26 grocery stores

Court filing: Marsh seeks OK to sell 26 grocery stores Kroger and Fresh Encounters have said in court documents that it would proceed with the acquisition only if the restriction is removed. The other bidder is a corporation called Generative Growth II, which owns Fresh Encounter . Michigan Street) and Fishers. Marsh is selling off the stores after closing 19 locations in May and filing to reorganize under the protection of bankruptcy. [Full Article...]

US Inflation Demurs as Fed Hike Expected

Unemployment dropped by 50,000 to 1.53 million in the quarter, a 42-year low unemployment rate of 4.6%. Fed futures markets on Wednesday showed the chances of another increase before the end of the year, which had been seen as highly likely in September or December, had fallen below 50 percent. [Full Article...]

Oil futures nosedive on U.S. inventory data, IEA warning

OPEC production rose more than 336,000 bpd in May from a month earlier to 32.14 MMbpd, according to a monthly report from the group on Tuesday. Inventories rose by 2.75 million barrels in the week to June 9 to 511.4 million, according to the American Petroleum Institute report, compared with expectations for a decrease of 2.7 million barrels. [Full Article...]


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