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 T.J. Maxx, Marshalls and HomeGoods stores to raise wages, following Wal-Mart's lead
St. Louis Post-Dispatch (Missouri), February 26, 2015 Thursday

 CHICAGO • It didn't take long for a big retailer to follow the lead of Wal-Mart Stores in raising minimum pay for workers. TJX Cos. Inc., owner of the T.J. Maxx, Marshalls and HomeGoods stores, said Wednesday that it would raise its minimum wage to $9 an hour in June and to $10 next year. TJX has 21 locations - most of them Marshalls and T.J. Maxx stores - in the St. Louis area.
 Carmakers Find That Turbos Are a Powerful Path to Fuel Efficiency
The New York Times, February 27, 2015 Friday

 EVEN as electric cars stall with Americans, another fuel-saving technology is revolutionizing the morning commute: the turbocharger. Once mostly the province of expensive sports and luxury cars, turbochargers are proliferating in everything from budget compacts to burly pickup trucks. As automakers scramble to lift their average fuel economy to 54.5 miles per gallon by 2025 -- the target set by the Environmental Protection Agency -- turbochargers have become a key to unlocking higher mileage...
 4 Different Turnaround Tales at Retailers Sears, Kohl's, Gap and J.C. Penney
The New York Times, February 27, 2015 Friday

 Four retailers, four turnaround bids -- and they could not be more different. Sears, which has struggled to stem a perpetual slide in its sales, on Thursday reported its 11th straight quarter of net losses, and said up to 300 of its stores could be spun off in its new effort to raise much-needed cash.   Kohl's is faring much better. Its holiday season topped expectations, buoyed, like many of its peers, by a brightening economy, as well as by its decision to refocus on selling national brands...
 25,000 Chrysler Cars Recalled for Transmission Problem
The New York Times, February 27, 2015 Friday

 Fiat Chrysler Automobiles is recalling more than 25,000 vehicles worldwide for a transmission problem that may prevent the cars from being shifted into park.
 Dow and S.&.P. Close Slightly Lower on Falling Energy Stocks
The New York Times, February 27, 2015 Friday

 Two of the three major United States indexes drifted down on Thursday, weighed by falling energy stocks as the slump in oil prices deepened. Chevron and Exxon Mobil were among the biggest decliners in the Dow Jones industrial average, which eased back from its latest closing high from Tuesday. The Standard & Poor's 500-stock index also slipped below its closing high from Tuesday. The Nasdaq bucked the trend, creeping within 61 points of its dot-com-era nominal peak, not adjusted for inflation....
 Carlyle's 3 Founders Got $800 Million Haul in 2014
The New York Times, February 27, 2015 Friday

 The three founders of the private equity giant Carlyle Group received more than $800 million combined in 2014, a regulatory filing on Thursday showed. The cash haul for David M. Rubenstein, Daniel A. D'Aniello and William E. Conway Jr., who founded Carlyle in 1987, included dividends, base salary and profits from their personal investments in and alongside Carlyle's funds. It also included the return of the capital they had invested, although Carlyle does not separately disclose that figure.
 Owner of The Daily News Says He Is Weighing a Sale of the Tabloid
The New York Times, February 27, 2015 Friday

 Mortimer B. Zuckerman, the longtime owner of The Daily News in New York, is exploring the possibility of selling the newspaper, opening a new chapter for a nearly century-old publication that has struggled amid changes buffeting the industry. In a memorandum to the staff on Thursday, Mr. Zuckerman said that he was approached recently about selling The News, which he has owned since 1993. ''Although there were no immediate plans to consider a sale, we thought it would be prudent to explore the...
 With Revamped Gold Cards, Bruised American Express Returns Focus to Affluent
The New York Times, February 27, 2015 Friday

 American Express, bruised by the recent loss of two major partnerships and an important court case, is seeking to reinvigorate its brand by sweetening the rewards on one of its most popular lines of cards. The company announced on Thursday new benefits for holders of its gold cards, including double points for all restaurant transactions in the United States for its premier rewards gold card and regular gold card. It will begin offering a personalized travel service for those cardholders as...
 Campbell Soup Posts Drop in Revenue and Earnings
The New York Times, February 26, 2015 Thursday

 Frigid weather around the country did not help Campbell Soup, which on Wednesday reported lower sales and earnings in its second fiscal quarter, which ended Feb. 1. Sales fell to $2.23 billion, a 2 percent drop from that same quarter last year, and earnings per share fell to 66 cents, down 11 percent.
 Home Depot adds $1 billion in e-commerce revenue
Journal of Commerce, February 25, 2015 Wednesday 8:43 PM GMT Home Depot hammered home a big gain in e-commerce in 2014, increasing online sales by 36 percent or $1 billion after overhauling its e-commerce direct fulfillment network. The Atlanta-based retailer, No. 3 in's ranking of the Top 100 U.S. Importers, opened two direct fulfillment centers dedicated to e-commerce last year, a 1.1 million square foot facility in Locust Grove, Georgia (pictured above), and an...
 Maersk Line's $2.3 billion profit lifts group to earnings record
Journal of Commerce, February 25, 2015 Wednesday 10:57 AM GMT  HONG KONG - Maersk Group made a record net profit of $5.2 billion in 2014, up 38 percent on the 2013 result and driven by a strong performance by Maersk Line, which reported a profit of $2.3 billion.
 FirstEnergy’s fired up new CEO Jones is ready to remake the company, he tells analysts
Plain Dealer (Cleveland, OH), February 22, 2015 Sunday

 Akron — New FirstEnergy Chief Executive Officer Chuck Jones made it as clear as he could Wednesday, in his first matchup with Wall Street critics, that the company will be as transparent as possible. “I think one of the things that I have to start doing is saying what we are going to do and then doing what we say,” he told an analyst at an hour-long discussion that peppered him and CFO Jim Pearson with skeptical questions about their profit projections. At the start of the session, Jones...
 Bank Settles Federal Case Over Crisis in Mortgages
The New York Times, February 26, 2015 Thursday

 Morgan Stanley said on Wednesday that it had reached a $2.6 billion settlement with the Justice Department over the sale of mortgage securities before the financial crisis. Other large banks have already struck similar settlements, with Bank of America agreeing to pay a record $16.7 billion last year and JPMorgan Chase settling for $13 billion in 2013.
 Deutsche Bank Poaches Senior Banker From JPMorgan
The New York Times, February 26, 2015 Thursday

 To fill the highly visible role of co-head of corporate banking, Deutsche Bank has poached a senior executive from one of its biggest rivals.
 HSBC Executives, With a Lot to Explain, Give It a Shot
The New York Times, February 26, 2015 Thursday

 LONDON -- HSBC's mea culpa tour continued on Wednesday as the company's chairman and its chief executive testified before the Treasury Select Committee in Parliament about the activities of its Swiss private bank. Stuart Gulliver, chief executive of HSBC since 2011, apologized for the bank's conduct, which included helping clients evade taxes as recently as 2007.   ''It clearly was unacceptable, we very much regret this, and it has damaged HSBC's reputation,'' he said.
 Blackstone Considers a Lower-Return, Longer-Term Approach to Private Equity
The New York Times, February 26, 2015 Thursday

 Private equity firms have always offered a high-octane investing experience, attempting to multiply investors' capital over a period as long as a decade. But some of the largest firms are now considering taking a more sedate approach with some of their biggest clients in the latest sign that the industry is moving away from its former free-wheeling spirit.
 Cushman & Wakefield Is Said to Be Up for Sale
The New York Times, February 26, 2015 Thursday

 Cushman & Wakefield, one of the world's biggest commercial real estate companies, is seeking a buyer, according to people briefed on the matter. The company, which acts as a broker, developer, manager and financier to office buildings worldwide, is expected to fetch at least $2 billion, these people said.
 HP Said in Talks to Buy Aruba Networks
The New York Times, February 26, 2015 Thursday

 SAN FRANCISCO -- Hewlett-Packard is in talks to buy Aruba Networks, a maker of WiFi access equipment for businesses, people briefed on the matter said on Wednesday.
 Express Scripts lays off 380 workers nationwide, 23 in St. Louis The pharmacy benefit manager also slashed jobs twice last year
St. Louis Post-Dispatch (Missouri), February 19, 2015 Thursday

 Express Scripts Holding Co., the nation's largest pharmacy benefit manager, has eliminated 380 positions, including 23 in St. Louis.
 Office Depot reports 6% drop in sales; Fourth-quarter deficit was $84 million; losses for the year were $354 million
Sun-Sentinel (Fort Lauderdale, Florida), February 25, 2015 Wednesday

 Office Depot, which plans to merge with rival Staples, reported lower sales and expenses as it closed stores during its fourth quarter. The company, based in Boca Raton, reported a loss of $84 million on sales of $3.18 billion for the quarter ended Dec. 31. That compares with a loss of $144 million on sales of $3.49 million for the same quarter a year ago.
 Business Beat: T.J. Maxx wages, Southwest planes, Motorola's new phone
Chicago Sun-Times, February 25, 2015 Wednesday

 TJ Maxx, Marshalls to follow Wal-Mart in raising pay  The owner of T.J. Maxx, Marshalls and Home Goods stores said Wednesday that it will boost pay for its U.S. workers to at least $9 per hour. Southwest allowed to use planes that missed inspection Federal officials agreed to let Southwest Airlines Co. keep flying planes that missed an inspection of a backup rudder system if the planes are checked in the next five days.
 Delta picks Gogo to outfit planes with next-generation Wi-Fi
Chicago Sun-Times, February 25, 2015 Wednesday

 In-flight Wi-Fi company Gogo Inc. has been picked to equip more than 250 Delta Air Lines jets.
 Chipotle, Maggiano's most allergy friendly restaurant chains
Chicago Sun-Times, February 25, 2015 Wednesday

 AllergyEats, the leading guide to allergy-friendly restaurants in the United States, has just released its 2015 list of Most Allergy-Friendly...  The post Chipotle, Maggiano's most allergy friendly restaurant chains appeared first on Thrive Health: Health & Wellness from the Chicago Sun-Times.
 L'Oréal Heiress Gave Generously, or Was Duped Out of an Island
The New York Times, February 26, 2015 Thursday

 BORDEAUX, France -- For five weeks, a French version of ''Downton Abbey'' has been unfolding in a courtroom here, providing a rare glimpse into the discreet lives of the ultrarich. The real-life drama, set in an Art Moderne mansion in Neuilly-sur-Seine, an exclusive town west of Paris, features a cast that includes long-serving chambermaids, cooks and butlers who tended to one of the world's richest women, whom they call ''Madame.'' There are also high-powered lawyers, advisers and confidants...
 Next Goal for Walmart Workers: More Hours
The New York Times, February 26, 2015 Thursday

 For Anthony Rodriguez, every diaper for his 2-year-old son means less money to put food on the table, or to fill up his car at the gas station. His fiancée, Melinda Prothero, tries to make each diaper last longer, but there's a limit to that, he says. Mr. Rodriguez, 26, makes those trade-offs even though he already receives above-minimum wages at Walmart, and will make at least $10 an hour next year, part of a move by Walmart to raise wages for hundreds of thousands of workers.   ''It's not...

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