Business

Target Stock Soars On Latest Earnings Report

Remember loony Janet Porter’s plot to disrupt Target’s back-to-school sales? Oops. Via Fortune: The discount retailer’s shares rose 9% in pre-market trading on Wednesday after it reported a much smaller than expected decline in comparable sales and posted strong e-commerce growth. As a result, Target has raised its full year profit and sales forecast. The retailer’s strong third-quarter performance is ...

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Shoemaker New Balance Denounces Support From Nazi Website After Praising Election Of Donald Trump

The Boston Globe reports: An “alt-right” website for white supremacists is encouraging its followers to buy shoes from New Balance in a show of solidarity after a company representative said last week that president-elect Donald Trump’s victory was good for American manufacturing. The website “The Daily Stormer,” which identifies itself as a source for Republican news but is filled with ...

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CHINA: Government Threatens To Stifle Sales Of iPhones And US Goods If Trump Launches Trade War

The Guardian reports: US president-elect Donald Trump would be a “naive” fool to launch an all-out trade war against China, a Communist party-controlled newspaper has claimed. During the acrimonious race for the White House Trump repeatedly lashed out at China, vowing to punish Beijing with “defensive” 45% tariffs on Chinese imports and to officially declare it a currency manipulator. “When ...

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The John Lewis Holiday Ad Is Here [VIDEO]

The Christmas ad for Britain’s John Lewis department store chain is always big news and pundits love to find metaphors for current events. This year is no different. The Guardian reports: In theory, the intention was admirable. But this year has been such a domino stack of heartbreaking disappointment that John Lewis wouldn’t have had to do much to make ...

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Unemployment Dips In Final Pre-Election Report

CNN Money reports: America’s economy stayed on track before the U.S. election. The U.S. economy added 161,000 jobs in October, a solid gain, yet below the 191,000 jobs added in September, according to the Labor Department. It is the last look at the health of the economy for Americans voters before they cast their ballots. Unemployment fell a tick to ...

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Texas Leads Nine States In Federal Appeals Court Demand To Legalize Anti-LGBT Business Discrimination

The Austin Statesman reports: Joined Thursday by Republican officials from eight other states, Texas Attorney General Ken Paxton urged a federal appeals court to reinstate a Mississippi law that had been struck down as discriminatory against gay and transgender people. The Mississippi law, Paxton told the 5th U.S. Circuit Court of Appeals in a legal brief, was intended to protect ...

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The Annual Starbucks Cup War Has Started

Starbucks issued a new green cup yesterday and the usual nutjobs are losing their minds. And this isn’t even their holiday cup. Via press release from Starbucks: A single line connects the figures. A coffee farmer, a family, a barista, friends embracing. A mosaic of more than a hundred people drawn in one continuous stroke is featured on a new ...

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TORONTO: Trump Tower Nears Debt Auction

The Toronto Star reports: Investors who want a piece of the Trump name may now have their chance. The Trump International Hotel & Tower in Toronto is likely to hit the market as the owner of debt on the property seeks a sale. JCF Capital ULC, a closely held firm, recently bought the construction loan on the 65-story hotel and ...

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GDP Hits 2.9% In Biggest Gain Since 2014

Good news for Hillary in the final days of the campaign. MarketWatch reports: The U.S. economy grew in the third quarter at the fastest pace in two years, aided by a surge in exports and a rebound in the size of inventories companies keep on hand for sale. The government said gross domestic product, the official scorecard for the economy, ...

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SCOTLAND: State Tourism Agency Delists Five-Star Hotel After Trump Pal Owner Uses Anti-Gay Slur

The BBC reports: Tourism agency VisitScotland has suspended the five-star status of an Aberdeen hotel following the owner’s homophobic comments. Stewart Spence used a derogatory term about homosexuals at The Marcliffe Hotel during a Hospitality Industry Trust (HIT) Scotland event last week. Mr Spence later said he wanted to “sincerely apologise”. VisitScotland said the Marcliffe had been removed it from ...

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Twitter Kills Off 6-Second Video Platform Vine

TechCrunch reports: With Twitter’s future still in question following failed attempts at finding an acquirer and the recently announced layoffs of nine percent of its workforce, the company today announced it’s shutting down its standalone short-form video app, Vine. According a post, nothing is changing immediately — the website and apps will remain online for the time being, and users ...

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PHILADELPHIA: Brian Sims Calls For Boycott After Owner Of Famed Local Brewery Yuengling Backs Trump

The Philadelphia Voice reports: The owner of America’s oldest brewery has come out in support of Republican presidential nominee Donald Trump, and the company’s faithful drinkers aren’t too happy about it. Eric Trump, the nominee’s son, stopped at D. G. Yuengling & Son’s in Pottsville on Monday while campaigning on behalf of his father. His message to the company? Hard-working ...

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NORTH CAROLINA: Petulant State Officials Demand That PayPal Return Pre-HB2 Ceremonial Wooden Bowl

The Charlotte Observer reports: Over the last year, when companies announced plans to grow their footprints in North Carolina, state leaders have presented them with an unusual gift: An oak bowl carved from wood from the state capitol grounds. So when PayPal unceremoniously canceled its plans for an expansion in Charlotte over opposition to House Bill 2, state officials did ...

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NORTHERN IRELAND: Anti-Gay Bakers Lose Appeal

The BBC reports: The Christian owners of a Northern Ireland bakery have lost their appeal against a ruling that their refusal to make a “gay cake” was discriminatory. Appeal court judges said that, under law, the bakers were not allowed to provide a service only to people who agreed with their religious beliefs. Two years ago, the family-run firm refused ...

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John Oliver On The Opioid Epidemic [VIDEO]

The Week recaps: “I would like to talk to you about drugs,” John Oliver said on Sunday’s Last Week Tonight, but not in some 1960s “reefer madness” way. “Unfortunately, America is now in the midst of a new drug crisis, and it seems that no one is safe from it,” he said. That would be the “epidemic of addiction to ...

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AT&T Closes Deal Buy Time Warner For $80B

The New York Times reports: AT&T has agreed to buy Time Warner for more than $80 billion, a person briefed on the matter said on Saturday, a move that would create a new colossus in the worlds of media and telecommunications. Putting together AT&T, a sprawling video and internet empire that encompasses cellphone and cable service along with DirecTV, and ...

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New Trump Hotels To Dump Trump Name

Travel & Leisure reports: Amidst reports that occupancy rates at Trump Hotels have slipped this election season, the company has announced that new brand hotels will no longer bear the Trump name. The newest line of luxury hotels, geared towards millennials, will be called Scion, the company said. “We wanted a name that would be a nod to the Trump ...

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Nobody Wants To Stay At Trump’s New DC Hotel

Not even with the room rates slashed by 50%. New York Magazine reports: Last weekend bankers and dignitaries from around the world descended on Washington for the annual World Bank–IMF meetings. But just a few days before the conference, rooms were not only still available at Trump International, they were heavily discounted. On October 2, a deluxe room, with a ...

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Wells Fargo CEO Resigns After Massive Scam Scandal

Via press release: Wells Fargo & Company announced today that Chairman and Chief Executive Officer John Stumpf has informed the Company’s Board of Directors that he is retiring from the Company and the Board, effective immediately. The Board has elected Tim Sloan, the Company’s President and Chief Operating Officer, to succeed him as CEO, and Stephen Sanger, its Lead Director, ...

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Samsung Scraps Production Of Galaxy Note 7

Reuters reports: Samsung Electronics Co Ltd scrapped its flagship Galaxy Note 7 smartphone on Tuesday less than two months after its launch, dealing a huge blow to its reputation and outlook after failing to resolve safety concerns. Samsung announced the recall of 2.5 million Note 7s in early September following numerous reports of the phones catching fire and on Tuesday ...

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