Sears at Great Lakes Mall to close

Sears at Great Lakes Mall to close

A Sears Home store in northwest Edmonton will be closing along with 12 other Sears locations in Alberta as part of a larger restructuring across Canada. The closings will bring the number of announced Sears closing to more than 260 this year in a series of three announcements. Sears Canada filed for court protection from creditors Thursday as the onetime retail giant seeks to adapt to a changed business landscape and tougher online competition. Read More

Fed: Biggest US banks strong enough to withstand recession

Fed: Biggest US banks strong enough to withstand recession

The results of the central bank's so-called stress tests showed 34 major lenders were on solid capital footing, it said. Those banks represent about 75 percent of all US assets. The Fed said Thursday that under that scenario, the 34 banks would suffer combined loan losses of $383 billion. The Fed has changed the emphasis in stress scenarios from year-to-year to keep banks from managing their portfolios to the test. Read More

MTA bus rolls backward, crashes into church in Brooklyn, NYPD says

MTA bus rolls backward, crashes into church in Brooklyn, NYPD says

The MTA bus crashed into at least ten parked cars before it finally came to a stop after it hit a church. Because it hit that vehicle right there, it turned and then stopped right there at the church. "Right before it hit the church, that's why the bus turned". "But when I saw that there was no conductor, I was like, 'What's going on, '" he said. Read More

Amazon buys Whole Foods, invests $14 billion into groceries

The deal has the possibility to be "transformative", Moody's lead retail analyst Charlie O'Shea said in a note, "not just for food retail, but for retail in general". And this headline from Business Insider helps explain it: Amazon is acquiring Whole Foods - and Walmart, Target, and Kroger should be terrified . While both companies aren't headquartered here - check out Austin Inno for the deal's impact on Whole Foods' home base - the deal is certainly going to have an impact here and ... Read More

Vacation Bible School programs set

Sunday in Hunter Hall. phcc-lr.org or (501) 663-8149. First Presbyterian Church , 213 Whittington Ave., will hear guest minister Cyril Hollingsworth speak on "The God Who Raised Jesus" at 10:30 a.m. June 24 at West Craven High School, 2600 Streets Ferry Road, Vanceboro. Sundays, Maumee United Methodist Church in the Benson Room, 405 Sackett St., Maumee. Read More

USA oil production seen thwarting OPEC effort to boost prices

Crude futures had shed more than 40 cents in the first few hours of trading Wednesday in Asia , in response to a build in U.S. crude and gasoline inventories reported by the American Petroleum Institute for the week ended June 9. Adding to the supply surplus is rising US production from shale drillers that has pushed USA output up by 10 percent over the past year to 9.3 million bpd, not far below levels by top exporter Saudi Arabia . Read More

Scotland striker Leigh Griffiths 'gutted' after England's last-gasp leveller

Thoughts on Joe Hart's performance against Scotland on Saturday afternoon? Griffiths, 26, had never previously scored for Scotland and his goals drew rich praise from manager Gordon Strachan after a result that kept Scotland in fourth place in the pool. Read More

Pres. Trump Proposes Privatizing Air Traffic Control

Pres. Trump Proposes Privatizing Air Traffic Control

The FAA has been trying to get up to speed with its Next Generation Air Transport System, or NextGen , but analysts say it's fallen short of expectations . House Transportation and Infrastructure Committee Chairman Bill Shuster , R-Pa., has proposed using NavCanada as a model. "As long as we have this constant barrage of tweets and outrage du jour, it makes Congress' job of moving legislation that much harder", Heye said. Read More

Saudi's Falih says more oil output cuts possible, will assess in July

Saudi's Falih says more oil output cuts possible, will assess in July

The move pushed Brent crude prices up as much as 1 percent, before paring gains to trade down 30 cents at $49.65 a barrel at 1046 GMT (6:46 a.m. ET). He said his administration could try to renegotiate the existing agreement or try to create a new one that is more favorable to the U.S. Read More

Hong Kong stocks hit 22-month high despite Moody's China downgrade

Whilst acknowledging that reforms on the financial system are being implemented, the agency said it is unlikely to prevent a further material rise in economic debt and government liabilities. The move brings Moody's in line with rival Fitch, which has had an equivalent A+ rating on China since November 2007. China's economic growth may face more headwinds in the second half, sparking risk aversion at some point late this year. Read More

Fox News finds itself in unaccustomed spot

Fox News finds itself in unaccustomed spot

Fox News did still win the total-day viewership crown with 1.5 million, to MSNBC's 1.2 million and CNN's 1.08 million. The NBA playoffs made TNT the week's most popular cable network. All three networks are up significantly from the same period a year ago - and even with its string of nights at No. 3, FNC is still winning the month of May in both primetime and total day. Read More

'Surreal': Guardian Reporter Who Says He Was Body-Slammed Recounts

Last night I made a mistake... Saying he was "not proud" of his behavior, he added, "I should not have responded the way I did, for that I'm sorry". And both parties also privately grumbled about their candidates. But Republicans rapidly mounted a wilting attack on the airwaves over Quist's financial troubles, including a history of unpaid taxes and liens. Read More

Branstad era ends, Reynolds to be Iowa's 1st female governor

Branstad era ends, Reynolds to be Iowa's 1st female governor

This process includes the swearing in of Lt. Gov. Kim Reynolds, the replacement for Gov. Branstad. "You're the right person for the right time serving for the right reasons", Reynolds told Branstad in promising a smooth transition to the Iowa Statehouse. Read More

Senate confirms Iowa Governor Branstad as ambassador to China

Senate confirms Iowa Governor Branstad as ambassador to China

Mr Branstad, who like Mr Trump is 70, has known Chinese President Xi Jinping since the mid-1980s, when the Asian leader visited Iowa as a provincial official. I'm pleased that the Senate is finally considering the nomination of Governor Branstad to be Ambassador to China. Gov. Terry Branstad, soon to be sworn in as the USA ambassador to China, will serve his country well. Read More

Saudi says extending oil cuts, adding small producers enough to drain stocks

Saudi says extending oil cuts, adding small producers enough to drain stocks

Oil prices have gained support from reduced output, but high inventories and rising supply from producers not participating in the accord, such as the United States, have limited the rally, pressing the case for extending the curbs. This time round, Iran won't be exempt, Mr Al Falih said. "We will do whatever is necessary", he said, expressing an openness to "creative" solutions. Read More

Westpac says bank levy will cost $260m

Westpac says bank levy will cost $260m

The Government forecast that the levy will raise $6.2 billion in revenue over four years by imposing a 0.06 per cent tax on certain bank liabilities. It will apply to banks with liabilities of more than A$100 billion and won't impact either regional lenders or foreign banks operating in Australia. Read More

Scotland stun England to seal second successive London Sevens crown

Scotland stun England to seal second successive London Sevens crown

Losing the opening game of the day by three points to Canada on the last play of the day put the islanders under some pressure and even though they saw off Japan easily in a 61-5 drubbing, the final game against the Kiwis was not as easy and the 27-21 final score put a spot in the top eight out of reach. Read More

Madison school budget referendum passes Tuesday, 99 to 49

Madison school budget referendum passes Tuesday, 99 to 49

Sagaponack voters unanimously passed the school's $1.7 million budget proposal, with 19 votes for and none against. But in Pittsford, not enough people favored the budget to meet the 60 percent threshold needed for a "super majority" since the district wanted to exceed the state tax cap. Read More

Disney CEO says hackers claim to have access to upcoming movie

Disney CEO says hackers claim to have access to upcoming movie

While the affected movie hasn't been announced, Disney's upcoming big-budget films include "Pirates of the Caribbean: Dead Men Tell No Tales" and " Cars 3 ". Depp's Captain Jack Sparrow returns to the ocean alongside Geoffrey Rush as Hector Barbossa and Orlando Bloom as Will Turner. Sci-fi novelist Paul Tassi, who comments on technology and the internet for Forbes Magazine , said Pirates would be unlikely to suffer were it the target, since its release date is so near. Read More

Scotland needs choice on independence at end of Brexit: Sturgeon

Scotland needs choice on independence at end of Brexit: Sturgeon

Former Scottish first minister Alex Salmond has dismissed the "vainglorious boast" that the Tories could steal his seat in the upcoming election. Polls have suggested a third of Nats voters wanted to leave the European Union and critics yesterday accused Ms Sturgeon of trying to woo back Brexit Nats. Read More