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 United Airlines computer glitch creates cascade of delays; A computer glitch grounded all United domestic flights for about two hours on Sunday evening, causing further delays to ripple across the United States.
The Christian Science Monitor, January 23, 2017 Monday

 United Airlines grounded all domestic flights for about two hours on Sunday evening, after a computer glitch struck their system. Leading to six cancellations and 200 delays, it was the latest IT issue to cause the airline problems in recent months. And United is not the only carrier to have suffered such setbacks of late, as the complexity of the computer systems in charge make it all but impossible to proceed when they malfunction.
 Lowe's appoints former Family Dollar exec to top marketing role
Charlotte Observer (North Carolina), January 23, 2017 Monday

 Mooresville-based Lowe's Cos. on Monday morning named Jocelyn Wong as its new chief marketing officer, effective immediately. Wong succeeds Marci Grebstein, who Lowe's said has left the company.
 Foxconn Is Considering Building a U.S. Plant
The New York Times, January 23, 2017 Monday

 TAIPEI, Taiwan -- Foxconn, the world's largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, the company's chairman and chief executive, Terry Gou, said Sunday.
 Apple Adds to Qualcomm's Troubles, Filing Lawsuit Over Rebates
The New York Times , January 20, 2017 Friday 00:00 EST

 SAN FRANCISCO - By mastering some tough computer chip technology and then pulling off an audacious business strategy based on selling its smartphone knowledge, Qualcomm has made billions of dollars and seized influence in the tech industry. Some days that is a real drag. On Friday, Apple, its longtime partner, sued Qualcomm over what it said was $1 billion in withheld rebates. In the lawsuit, filed in Federal District Court for the Southern District of California, in San Diego, Apple said the...
 Heineken Sets Sights on Brazil; Breakingviews
The New York Times , January 20, 2017 Friday 00:00 EST

 Heineken hopes that Dutch courage will succeed where Japanese adventurism did not. The beer company is in talks to buy the Brazilian unit of Kirin, and may pay $872 million, according to Japanese news media. Landing a deal would give the company close to a 20 percent market share, still well behind its dominant rival, Anheuser-Busch InBev. The target is loss-making, but Heineken has reason to believe it could do a better job.
 Beauty brand sell-off nets P&G big profit
The Cincinnati Enquirer (Ohio), January 21, 2017 Saturday

 Procter & Gamble reported a $7.9billion second-quarter profit Friday, a 146 percent increase from the same period a year ago. Two-thirds of P&G's profit, about $5.3 billion, came from the divestiture of beauty brands. Total sales declined 0.3 percent to nearly $16.9 billion.
 Sources: FTC balks at Walgreens plan in Rite Aid merger
Chicago Tribune, January 21, 2017 Saturday

 Walgreens Boots Alliance's plan to win U.S. antitrust clearance for its acquisition of Rite Aid hasn't satisfied officials at the Federal Trade Commission, according to people familiar with the matter. With just a week left before the companies' deadline to complete the deal, FTC lawyers aren't sold on Walgreens' proposal to sell 865 drugstores to rival Fred's to get approval to take over Rite Aid, said two people, who asked not to be identified because the discussions are confidential. That...
 GE revenue falls amid persistent oil slump
The Boston Globe, January 21, 2017 Saturday

 General Electric Co. slumped Friday after another quarter hampered by persistent woes in the oil-patch. Weakness in the oil and gas unit, which makes drilling equipment and pipes, will probably linger into this year after an "extremely difficult" 2016, Chief Financial Officer Jeff Bornstein said on a conference call. Improvement is unlikely until the second half of 2017, he said after GE announced fourth-quarter sales that fell short of analysts' estimates.
 BANKING; Higher expenses depress SunTrust's profits for 2016
The Atlanta Journal-Constitution, January 21, 2017 Saturday

 SunTrust Banks' profits fell in the final quarter of 2016 and for the full year as higher costs and set-asides for loan losses outstripped higher revenue. The Atlanta bank's results were still better than analysts expected, beating the average estimate.
 Marriott picks Bethesda site for new headquarters, hotel
The Washington Post, January 21, 2017 Saturday

 Company working  to secure millions instate, county subsidies Marriott International is still pressing to secure up to $62 million in state and county incentives for a new headquarters, and now the firm knows where it would like to spend it. The $33.1 billion company announced Friday that it had signed a letter of intent to lease space in a planned development by Boston Properties and Bernstein Cos. in Bethesda, Md., at 7750 Wisconsin Ave. at the corner of Norfolk Avenue. The project beat out...
 Wells Fargo Offers Regrets, but Doesn't Admit Misconduct
The New York Times , September 9, 2016 Friday 00:00 EST

 Wells Fargo was flowing with regrets on Friday, taking out ads in nearly a dozen newspapers saying the bank took "full responsibility" for creating sham bank accounts without its customers' permission. The bank's chief executive officer, John Stumpf, even called one prominent Democrat in Congress to express his willingness to assume personal responsibility for the mess. The bank fired at least 5,300 employees and refunded millions of dollars to customers. But with its banking regulators, Wells...
 G.M. Spots an Airbag Problem and Moves Quickly to Respond
The New York Times , September 9, 2016 Friday 00:00 EST

 Correction Appended Concerns about automobile airbags lately have focused on ones that deploy too explosively or even spontaneously. This week, General Motors announced a major recall over the opposite problem: airbags that, in rare instances, might not deploy when they are supposed to. The National Highway Traffic Safety Administration put a notice on its website on Thursday that the company would recall 4.3 million vehicles worldwide - including 3.6 million in the United States - to fix the...
 Profits are proliferating at these nine companies; Tech, commodities lead way as investors look for confidence
USA TODAY, January 20, 2017 Friday

 Corporate profits are looking better than they have in some time. But a few companies are about to show how they're stacking up the earnings gains. There are nine companies in the Standard & Poor's 500 -- including online retailer Amazon.com, mining and oil and gas exploration company Freeport-McMoRan and computer graphics hardware maker Nvidia -- expected to have increased their adjusted profit in 2016 by 70% or more, based on a USA TODAY analysis of data from S&P Global Market Intelligence.
 H.B. Fuller finishes fiscal year strong, eyes big 2017
Star Tribune (Minneapolis, MN), January 20, 2017 Friday

 H.B. Fuller finished 2016 with a strong fourth quarter, reporting a 56 percent increase in net income to $39.1 million, or 76 cents per share. In the fourth quarter of 2015, the St. Paul-based company reported net income of $25 million, or 49 cents per share.
 Belk continues to grow its footprint under new ownership
Charlotte Observer (North Carolina), January 20, 2017 Friday

 Just over a year after being sold to a private equity group, Charlotte-based Belk continues to open new stores even as it shutters underperforming ones: The retailer recently announced plans to open two new locations this year in Kentucky and Georgia.
 Profits are proliferating at these nine companies
The Indianapolis Star (Indiana), January 20, 2017 Friday

 Corporate profits are looking better than they have in some time. But a few companies are about to show how they're stacking up the earnings gains. There are nine companies in the Standard & Poor's 500 - including online retailer Amazon.com, mining and oil and gas exploration company Freeport-McMoRan and computer graphics hardware maker Nvidia - expected to have increased their adjusted profit in 2016 by 70% or more, based on a USA TODAY analysis of data from S&P Global Market Intelligence.
 J.B Hunt's revenue, profit up But adjusted 4Q results shy of expectations; shares fall
Arkansas Democrat-Gazette (Little Rock), January 20, 2017 Friday

 J.B. Hunt Transport Services Inc. reported increases in revenue and profit Thursday for the final quarter of 2016, though its stock dropped as the market reacted to results that fell below analyst expectations after one-time costs and payments were taken into account. Profit for the quarter ending Dec. 31 was $117.6 million, up 0.7 percent from the same three-month period of 2015. It breaks down to $1.05 earnings per share for the Lowell company, a 4 percent increase from $1.01 in 2015.
 Bad weather may have hit McDonald's Q4 earnings
Chicago Tribune, January 20, 2017 Friday

 Bad weather, hefty competition and a sluggish restaurant industry may have caught up with McDonald's in the final months of 2016. A small survey of franchisees by Nomura analyst Mark Kalinowski published this week suggests that McDonald's same-store sales swung into the red in the fourth quarter. McDonald's will report financial results for the period on Monday.
 Tesla's Self-Driving Tech Cleared in Crash Inquiry
The New York Times, January 20, 2017 Friday

 Eight months after a fatal crash involving a Tesla Motors car operating in a computer-assisted mode, federal auto-safety regulators said their investigation of the car found no defects in the system that caused the accident and said Tesla's Autopilot-enabled vehicles did not need to be recalled. The outcome is a major win for Tesla and its chief executive, Elon Musk, who has forcefully promoted the car's technological prowess and ability to prevent accidents. The crash on May 7, 2016, attracted...
 Dow's Gains Are Wiped Out for the Year
The New York Times, January 20, 2017 Friday

 The Dow Jones industrial average erased its gains for 2017 on Thursday as it fell for the fifth day in a row, part of a downturn for stock indexes as Treasury yields continued their upward march. Losses were widespread -- for every stock that rose on the New York Stock Exchange, three stocks fell. Utilities, real estate investment trusts and others that pay big dividends were among the hardest hit because their payouts look less attractive when bond yields are rising. Small-company stocks took...
 By Announcing New Jobs, Corporations Help Themselves
The New York Times, January 18, 2017 Wednesday

 Donald J. Trump won't be sworn in until Friday but big business has already thrown him a veritable inaugural ball. A series of blue-chip companies, among them Ford, Lockheed Martin, Amazon and Sprint, have all announced plans in recent weeks to hire and invest in the United States. A who's who of executives from boardrooms here and overseas have made the pilgrimage to Trump Tower and sought the president-elect's blessing.   The near-daily drumbeat of announcements -- on Tuesday it was the turn...
 Nordstrom to lose another technology executive
The Seattle Times, January 19, 2017 Thursday

 Dan Little, Nordstrom's chief information officer, is retiring in the fall, an announcement that came less than two weeks after the retailer's chief technology officer departed the company, and amidst other churns among its tech leadership.
 MARKET ROUNDUP; Stocks fall; Dow erases 2017 gains
Los Angeles Times, January 20, 2017 Friday

 The Dow Jones industrial average erased its 2017 gains Thursday as it fell for the fifth day in a row, part of a pullback for stock indexes as Treasury yields continued their upward march.
 BUSINESS BEAT; Western Union to pay fraud victims
Los Angeles Times, January 20, 2017 Friday

 Western Union Co. has agreed to pay $586 million to the U.S. government to pay back victims of fraud whom the money-transfer company failed to protect.
 BUSINESS BEAT; U.S. sues Oracle for discrimination
Los Angeles Times, January 20, 2017 Friday

 Technology company Oracle Corp. has discriminated against women, African Americans, Asians and non-Asians in its employment practices, the U.S. Department of Labor said Wednesday after filing a lawsuit.
    

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