Month: January 2018

(Reuters) – Struggling retailer Sears Holding Corp (SHLD.O) said it laid off about 220 employees primarily at its corporate headquarters in Hoffman Estates, Illinois, effective immediately. Positions in various business units and roles across the organization were impacted, Sears spokesman Howard Riefs told Reuters. The move is part of the department store chain’s ongoing restructuring
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WASHINGTON (Reuters) – The U.S. Federal Reserve kept interest rates unchanged on Wednesday but said inflation likely would rise this year, bolstering expectations borrowing costs will continue to climb under incoming central bank chief Jerome Powell. Citing solid gains in employment, household spending and capital investment, the Fed said it expected the economy to expand
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(Reuters) – Norton antivirus software maker Symantec Corp (SYMC.O) reported third-quarter revenue below analysts’ estimates, hurt by lower sales in its enterprise security division, and cut its profit and revenue forecasts for 2018. The company’s shares fell about 3 percent in extended trading on Wednesday. Symantec, like its rivals FireEye Inc (FEYE.O) and Palo Alto
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(Reuters) – Microsoft Corp (MSFT.O) beat Wall Street’s profit forecast on Tuesday, helped by growth in its cloud computing business, but took a $13.8 billion one-time charge due to the new U.S. tax law. Stock of the world’s largest software company, which have risen almost 50 percent over the past 12 months, initially fell in
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NEW YORK (Reuters) – AT&T Inc (T.N) reported quarterly profit that beat analysts’ estimates on Wednesday, helped by tax cuts and new wireless subscribers, and its chief executive voiced confidence the company will complete its $85.4 billion acquisition of Time Warner Inc (TWX.N). The U.S. Department of Justice sued to block the deal last year
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MINNEAPOLIS (Reuters) – The security operation in place for Sunday’s Super Bowl between the New England Patriots and Philadelphia Eagles are “ready for anything” after two years of planning that was adjusted following last year’s deadly mass shooting in Las Vegas. The National Football League’s championship game is one of the biggest sporting events in
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LONDON (Reuters) – Technologies to remove carbon dioxide from the atmosphere to help tackle global warming only have limited potential and more effort should be made to reduce emissions, European scientists said in a report on Wednesday. Proposals to use climate technologies, ranging from spraying sun-dimming chemicals high above the Earth to capturing and storing
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A sign at Facebook headquarters in Menlo Park, Calif.(Photo: Ben Margot, AP) SAN FRANCISCO — Mark Zuckerberg warned in January that radical changes he’s making to return Facebook to its roots of connecting friends and family would curtail how much time people spend there.  He wasn’t kidding. Those changes that got underway last quarter are already hitting engagement
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CLOSE The Dow posted triple digit gains Wednesday, turbocharged by tech stocks like Microsoft and IBM. As Fred Katayama reports, the S&P 500 closed above 2800 for the first time. Video provided by Reuters Newslook Microsoft continues its upward trajectory under CEO Satya Nadella, who has successfully pivoted the software company to a cloud-focused model.(Photo:
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(Reuters) – U.S. federal prosecutors are conducting an extensive investigation into global sports corruption, including at FIFA, the world governing body for soccer, and the international and U.S. Olympics organizations, The New York Times reported on Wednesday, citing a grand jury subpoena. As part of the probe, the Justice Department is looking at possible racketeering,
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CLOSE A number of students protest at the MSU Board of Trustees meeting Robert Killips | Lansing State Journal Former Michigan Gov. John Engler speaks Jan. 31, 2018, at the Michigan State University board of trustees meeting after being selected as interim president of the university.(Photo: Robert Killips, Lansing (Mich.) State Journal)   EAST LANSING,
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WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin on Wednesday called on the Republican-controlled Congress to lift the federal debt limit “as soon as possible” so the government can pay employee benefits and other obligations. In a letter to congressional leaders and key committee chairmen, Mnuchin said the Treasury Department would continue to suspend payments
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WUHAN, China (Reuters) – Prime Minister Theresa May has warned that European citizens arriving in Britain after Brexit next year may lose some rights, setting up a clash with the European Union over their treatment during any transition period. Curbing immigration was a key reason why Britons voted to leave the EU in 2016, following
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NEW YORK (Reuters) – AT&T Inc (T.N) said on Wednesday that quarterly profit beat Wall Street analyst estimates, helped by impacts from tax cuts and wireless subscriber additions. Net income attributable to AT&T was $19.0 billion, or $3.08 per share, in the fourth quarter ended Dec. 31, up from $2.4 billion, or 39 cents a
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Forty-two percent of Americans now approve of the President’s job performance, according to a Monmouth University poll released Wednesday. That is up 10 percentage points from December 2017, when he registered a 32% approval rating — Trump’s lowest mark ever in the monthly poll. The poll also showed growing public support for last month’s GOP
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WASHINGTON (Reuters) – The FBI said on Wednesday it had “grave concerns” about the accuracy of a top-secret House Intelligence Committee memo alleging anti-Trump bias within the Justice Department, challenging President Donald Trump’s pledge to release it. The rare public rebuke by the nation’s top law enforcement agency came hours after White House Chief of
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CLOSE Residents in the Iraqi city of Mosul are returning home to devastation following the defeat of the Islamic State group in Iraq. Facing billions in construction costs and decades of rebuilding, the source of financial aid remains uncertain. (Dec. 28) AP Syrian opposition fighters drive through Syria in front of Turkish troops near the
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