Sears warns of ‘going concern’ doubts

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Sears warns of ‘going concern’ doubts

Nasdaq
… * Lost more than $2 bln last year * Sale of Craftsman brand to help satisfy capital needs this year * Limits on further assets it can sell (Adds income and debt figures, asset sale details, background) By Ankit Ajmera and Nathan LayneMarch 21

US Labor nominee Acosta says he’ll advocate for workers

Washington Post
WASHINGTON – Labor Secretary nominee Alexander Acosta says he will work with Congress to address the need for good, safe jobs and to provide American workers with the training they need to get them.

One key stumbling block is causing Wall Street to question Trump’s whole economic agenda

Business Insider
A fierce battle over Trumpcare within the Republican Party is causing Wall Street to sharply reassess its optimism about Donald Trump’s economic policy agenda, as evidenced by the sharpest sell off in stocks this year.

Airbnb makes a late play for China

CNNMoney
The short-term rental startup paid little attention to the world’s most populous country for years. But it’s now stepping up efforts to appeal to China’s growing ranks of young people with money to spend on travel.

US and UK ban laptops and other devices on flights from Middle East

CNNMoney
The U.S. and U.K. on Tuesday banned people flying from much of the Middle East and North Africa from carrying laptops, tablets and other large electronic devices in the airplane cabin because of concerns about terrorism.

Amazon to expand counterfeit removal program in overture to sellers

CNBC
An Amazon.com employee lifts a box from a conveyor at the company’s fulfillment center in Tracy, California. Amazon.com is expanding a program to remove counterfeit goods from its website this spring as part of a broader push to assure brand owners

FedEx (FDX) Misses on Q3 Earnings, Strong Q4 Anticipated

Zacks.com
FedEx Corporation’s (FDX – Free Report) third-quarter fiscal 2017 (ended Feb 28, 2017) earnings per share (on an adjusted basis) of $2.35 fell short of the Zacks Consensus Estimate of $2.63.

Uber details early steps to change culture, and ongoing COO search

TechCrunch
Uber held a special press call on Tuesday, hosted by board member Arianna Huffington and staffed with three of its highest ranking female staff, including North American operations lead Rachel Holt, Chief HR officer Liane Hornsey and company comms lead …

Yen extends gains amid market selloff, hits 111.25 per dollar

Financial Times
The yen has hit a fresh four-month high against the dollar, passing 111.3 per dollar for the first time since November 23 as the biggest wobble in the Trump Trade so far boosts the typical beneficiaries from a shift to haven assets.

The 5 most shocking allegations brought against former THINX CEO Miki Agrawal

CNBC
Miki Agrawal, the founder, former CEO and now “SHE-eo” of THINX who aimed to take on the feminine hygiene industry, finds herself awash in allegations that she touched employees inappropriately and created a hostile work environment.

Carl’s Jr./Hardees CEO, Trump’s pick for Labor, retires

USA TODAY
The parent company of the Carl’s Jr. and Hardee’s chains on Tuesday named a new CEO to replace Andy Puzder, who last month withdrew his nomination to be Labor Secretary under President Trump.

Chipotle Tries to Rebuild Trust With Parents After Safety Crisis

Bloomberg
Chipotle Mexican Grill Inc., whose rapid growth was fueled by millennials enamored of the chain’s signature fresh ingredients, is looking to families to help it recover from a food-safety crisis that tarnished its carefully crafted image.

A record number of investors think this market is overvalued

CNBC
Professional investors are starting to worry that stock prices are getting out of hand compared with where they should be. Valuation has been a key concern of late for market participants in a bull market that just passed its eighth anniversary.

AkzoNobel rejects improved bid from US rival PPG

CNBC
Dutch paints and coatings maker AkzoNobel rejected a second takeover proposal from U.S. rival PPG Industries saying an improved 22.4 billion-euro ($24.1 billion) offer was too low and too risky.

Costco takes a swing at Titleist over golf balls

CBS News
The staid world of golf is heating up over dimples and curves. Costco (COST) is suing golf-ball maker Titleist over the right to produce its own — and lower-priced — golf balls.

AI Expert at Baidu, Andrew Ng, Resigns From Chinese Search Giant

New York Times
Andrew Ng, an alumnus of Stanford and Google, in 2012. Credit Jim Wilson/The New York Times. Advertisement. HONG KONG – In 2014, Baidu announced a hiring coup in the world of artificial intelligence: It had brought in the Stanford and Google alumnus …

Trump’s EPA budget proposes harshest funding, staffing cuts in agency’s history

Washington Times
Environmental Protection Agency Administrator Scott Pruitt has agreed with President Trump’s intention to return the agency to its “core mission” of ensuring clean air and clean water.

Dublin Is Best EU City for Bankers Fleeing Brexit, Study Says

Bloomberg
Dublin is the best destination in the European Union for London-based bankers forced to move after Brexit, according to an index of 15 cities compiled by a relocation company.

Li Ka-Shing’s Main Companies to Increase Dividend Payments

Bloomberg
Billionaire Li Ka-shing’s two main companies raised their dividend payments as Hong Kong’s richest man followed through on a pledge to shareholders after completing the biggest-ever reorganization of his business empire.

Where The Wealthiest Live: Cities With The Most Billionaires

Forbes
It’s official: There are more billionaires than ever spread across the globe: This year’s FORBES list of the 2,043 richest spans six continents, 71 countries and territories and hundreds of cities.

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