UPDATE 1-Sears CEO Lampert blames company's woes on 'irresponsible' media
(Adds Shop Your Way context and comment from professor) By Tracy Rucinski HOFFMAN ESTATES, Ill., May 10 (Reuters) - Sears Holdings Corp Chief Executive Officer Edward Lampert blasted the media on Wednesday for "unfairly singling out" the company over the past decade and blamed "irresponsible" coverage for the retailer's woes. Sears, once the largest U.S. retailer, warned investors in March there was a chance it may not be able to continue as a going concern after years of losses and declining s..>> view originalMorning Agenda: A Shake-Up at Whole Foods
• Keith Manbeck, a former vice president of Kohl’s, will be the new chief financial officer.• Five members of the board were replaced. “We pay attention to what our shareholders tell us,” John Mackey, a founder and the chief executive of the retailer, said in an interview.Although the changes indicate the growing influence that activist investors have over companies, there is still discontent among shareholders.Neuberger Berman wrote to the board last week, urging Whole Foods to consider “possi..>> view originalAetna to pull out of all Affordable Care Act insurance marketplaces in 2018
Aetna will complete its withdrawal from Affordable Care Act insurance exchanges for 2018, announcing on Wednesday that lingering financial losses and uncertainty about the marketplaces' future was prompting it to exit two final states. According to an Aetna spokesman, the insurer will not sell individual health plans next year in Delaware or Nebraska. Its announcement came a week after the company said it would stop offering ACA health plans in Virginia in 2018 and a month after it said it wou..>> view originalEuropean Airlines Bracing for Expansion of Trump's Laptop Ban
European airlines are preparing for the anticipated widening of a U.S. ban on bringing laptops and other large electronic devices on board planes bound for American airports.Air France-KLM Group and Deutsche Lufthansa AG are among carriers to say they’re making preparations for the moratorium on devices, including tablets and games consoles, to be expanded to their hubs after initially targeting Mideast and African airports. The European Commission has written to President Donald Trump’s admini..>> view originalUber Suffers Bloody Nose in Its Fight to Conquer Europe
“It is undoubtedly transport which is the main supply and which gives the service meaning in economic terms,” Mr. Szpunar added. “The service amounts to the organization and management of a comprehensive system for on-demand urban transport.” The opinion represents a bloody nose but not a full knockout for Uber in its ongoing fight in Europe, a region still crucial to the company despite rapid expansion in emerging markets like India. Uber has gained traction across the Continent, despite some ..>> view originalDakota Access pipeline leaks 84 gallons of oil in SD
South Dakota officials are looking into a small leak along the route of the Dakota Access Pipeline that spilled 84 gallons of oil.A pump connecting the pipeline to a crude oil storage tank in rural South Dakota leaked the oil sometime in April, Dakota Media Group reported Wednesday.The oil was captured by absorbent material at the site and put back into the pipeline, officials said. The state won’t fine the pipeline’s operator because the spill was reported and properly cleaned up. A spokespers..>> view originalBoeing Halts Test Flights of New 737 Over Engine Issue
DALLAS รข€” Boeing is suspending test flights of a new airliner because of a possible problem in the manufacturing of a key engine part. The company said Wednesday that it still plans to deliver the first Boeing 737 Max later this month, and production will continue. A Boeing 737 MAX 9 under construction at the company's production facility in Renton, Washington, on Feb. 13. JASON REDMOND / Reuters, file The news sent Boeing Co. shares down nearly 4 percent, although they recovered..>> view originalLive notes from Snap's first-ever earnings call
Snap's stock was down more than 21 percent in early after-hours trading following its first earnings report. by Kurt Wagner May 10, 2017, 5:37pm EDT. tweet · share · Linkedin. Michael Kovac/Getty Images for Vanity Fair. Wall Street didn't like Snap's ...>> view originalTesla's Solar Roof Sets Musk's Grand Unification Into Motion
Tesla has begun taking orders for its transformative new solar roof. The pricing is competitive, and it marks the final piece in Elon Musk’s vision for a grand unification of his clean-energy ambitions—combining solar power, home batteries, and electric cars. “These are really the three legs of the stool for a sustainable energy future,” Musk said. “Solar power going to a stationary battery pack so you have power at night, and then charging an electric vehicle … you can scale that to all the wo..>> view originalVideo shows Southwest passengers fight aboard California flight
By Peter Szekely | NEW YORK NEW YORK Video of brawling U.S. airline passengers emerged on Wednesday for the second day in a row, this time showing two men going at it on a Southwest Airlines flight that had just landed on Sunday in Burbank, California.The grainy 22-second scene of grown men flailing, tumbling and pummeling on an airplane lingered on social media for a couple of days before breaking out onto television newscasts and news organizations' websites.What sparked the melee was not ..>> view original
Thursday, May 11, 2017
UPDATE 1-Sears CEO Lampert blames company's woes on 'irresponsible' media and other top stories.
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