84 Lumber and the big-budget Super Bowl ad to nowhere

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84 Lumber and the big-budget Super Bowl ad to nowhere

Washington Post
Building supplies company 84 Lumber tackled a heap of controversy over the weekend with its carefully-crafted – yet inconclusive – 90-second Super Bowl ad featuring a Mexican mother and daughter embarking on a difficult journey north that left the …

Euro, European bonds unnerved by French politics

Reuters
Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, February 1, 2017.

The name on everyone’s lips: Donald Trump

CNN
Washington (CNN) He’s everywhere. In Hollywood, in Silicon Valley boardrooms, in the nation’s highest courts, across thousands of lamenting Facebook posts, and even on the sidelines of your kid’s soccer game — there’s one name on everybody’s lips.

China’s Foreign Reserves Plummet

U.S. News & World Report
China’s foreign exchange reserves have fallen to a 6-year low following an outflow of money that prompted Beijing to tighten capital controls.

GM Net Profits Fall Slightly but Company Still Makes $9.4B

New York Times
DETROIT – General Motors’ net profit fell just under 3 percent last year but the company still made a $9.4 billion on the back of its U.S.

BP Posts Profit, Sees Higher Production; Stock Dips

Nasdaq
(RTTNews.com) – Oil giant BP plc (BP.L, BP_UN.TO, BP) reported Tuesday a profit in its fourth quarter, compared to last year’s hefty loss, benefited from higher oil prices and significantly lower costs.

1Q profit for Tyson rises 29%

Arkansas Online
Tyson Foods reported Monday that its profits were up 29 percent in the first quarter, breaking company records and besting analysts’ estimates, but its top executive confirmed the company’s pricing practices were being investigated by the Securities

Macy’s facing pressure to drop Ivanka Trump line

Fox News
Macy’s is facing pressure to drop Ivanka Trump’s line after Nordstrom and Neiman Marcus have stopped selling her merchandise.

Trump’s energy plan doesn’t mention solar, an industry that just added 51000 jobs

Washington Post
The White House website may not even mention it as part of Trump’s “America First Energy Plan” – but the U.S. solar industry continues to post dramatic job growth numbers.

Greek Two-Year Yields Approach 10% Amid IMF Standoff With EU

Bloomberg
Greece’s two-year note yields neared 10 percent as a quarrel between the nation’s creditors over its fiscal targets boosted concern it is running out of time to complete yet another review of its bailout program.

RPT-White House memo confuses Wall Street on fate of fiduciary rule

Reuters
WASHINGTON/NEW YORK Feb 7 Conflicting signs from the White House have left brokerage firms and lobbyists unsure whether a controversial rule governing retirement advice will ever be put in place, but they are taking no chances and complying anyway.

Toshiba courts funds as SK Hynix, Micron Technology bid for chip stake: sources

Reuters
The logo of SK Hynix is seen in its plant in Icheon, about 80 km (50 miles) southeast of Seoul May 13, 2013. REUTERS/Lee Jae-Won. 1/2.

General Motors has ‘great year’

The Detroit News
General Motors Co. said Tuesday its net income last year fell less than 3 percent to $9.43 billion, though the company posted several yearly records including pre-tax adjusted earnings of $12.9 billion.

Rio Tinto Plans to Hand Over Diamonds

U.S. News & World Report
The Rio Tinto group has decided to hand over a diamond mine to the central Indian state of Madhya Pradesh where the project is located, the company said Tuesday.

Honda and Hitachi Are Forming an Electric Vehicle Motor Company

Fortune
Honda Motor and Hitachi’s auto parts subsidiary plan to form a joint venture to develop, produce and sell motors for electric vehicles (EV), joining forces to better compete in the highly specialized “green” car segment.

Uber Hires Veteran NASA Engineer to Develop Flying Cars

Bloomberg
The man who inspired Google’s co-founder will join the ride-hailing startup’s nascent project. by. Brad Stone. @BradStone More stories by Brad Stone.

Michael Kors comparable sales fall more than expected

Reuters  
Michael Kors logo is seen in a shop in downtown Lisbon, Portugal, November 16, 2016. REUTERS/Rafael Marchante. Apparel and accessories maker Michael Kors Holdings Ltd (KORS.

Joe Conason: ‘Populist’ Trump Punks His Fans

Noozhawk
There was never any reason to think that Donald Trump’s stump-speech assaults on Wall Street banks and hedge funds were even momentarily sincere – but millions of working- and middle-class voters loved his populist rhetoric.

European Central Bank to Trump: ‘We Are Not Currency Manipulators’

Fortune
The European Central Bank rejected U.S. accusations of currency manipulation on Monday and warned that deregulating the banking industry, now being openly discussed in Washington, could sow the seeds of the next financial crisis.

Krispy Kreme is offering free doughnuts all month

KGBT-TV
COLUMBUS, Ohio (WSYX/WTTE) – Krispy Kreme announced they will be offering free doughnuts for the entire month of February starting Monday.

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