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 Yum Brands co-founder gives back; David and Wendy Novak's $21.6M grant will establish Leadership Institute at alma mater
The Courier-Journal (Louisville, Kentucky), September 18, 2017 Monday

 David Novak, the retired chairman and CEO and co-founder of the Yum Brands mega-restaurant corporation, and his wife, Wendy, are providing a $21.6million grant to the University of Missouri School of Journalism.
 Fast-food leaders may surprise
The Indianapolis Star (Indiana), September 16, 2017 Saturday

 The fast-food industry might seem vulnerable to healthier eating habits and lower grocery prices, but it's still growing. However, consumer tastes are changing, and fast-food leaders such as McDonald's and Subway - which still generate the highest systemwide sales in the U.S. - aren't the most successful chains.
 Renault-Nissan-Mitsubishi powers up electric car plan
Orlando Sentinel (Florida), September 17, 2017 Sunday

 PARIS - Gambling that mass-market drivers are going to pivot soon to electric cars, the Renault-Nissan-Mitsubishi alliance announced plans Friday to produce 12 new electric models by 2022 and to make electric cars 30 percent of its overall output.  The carmakers - who collectively sold more vehicles than any other company in the world in the first half of this year - also announced plans to make "robo-taxis," driverless public transport vehicles and autonomous cars aimed at middle-class...
 Equifax breach shows need for action
The Boston Globe, September 17, 2017 Sunday

BODY WASHINGTON — Whatever your political affiliation, there is now one financial issue on which we can all agree. We need Congress to pass legislation allowing consumers to temporarily freeze and unfreeze their own credit files at no charge to help thwart identity theft. In case you missed it, the credit-reporting agency Equifax recently discovered that criminals had gained access to people's names, Social Security numbers, birthdates, addresses and, in some instances, driver's license numbers.
 Macy's trims holiday hires by nearly 4 percent
St. Louis Post-Dispatch (Missouri), September 16, 2017 Saturday

 NEW YORK - Macy's is increasing the number of temporary workers it's hiring for distribution and warehouses for the holiday season as it chases fast growing e-commerce sales. But overall holiday hiring will fall nearly 4 percent.
 Bon-Ton Stores to hire 10,000 workers; Company will bring them on for season
The Milwaukee Journal Sentinel, September 16, 2017 Saturday

 The parent company of Boston Store and Younkers said Friday it plans hire 10,000 seasonal employees to help staff stores for the holidays, about 3,000 fewer than last year.
 Anheuser-Busch signs wind farm power deal as part of global renewable energy goal
St. Louis Post-Dispatch (Missouri), September 14, 2017 Thursday

 Anheuser-Busch InBev has signed a deal to buy power produced by an Oklahoma wind farm as part of its global goal to have 100 percent of its purchased electricity come from renewable sources by 2025.
 S&P index closes over 2,500
The Atlanta Journal-Constitution, September 16, 2017 Saturday

 U.S. stocks edged higher Friday as technology companies and banks rose.The Standard&Poor's 500 index closed over 2,500 for the first time as stocks had one of their best weeks of the year. Stocks wobbled in early trading after the Commerce Department said retail sales slipped and the Federal Reserve said industrial production dropped in August, but big names like Apple and Boeing took the market higher.
 Walmart Sticks With Arkansas Headquarters as Amazon Plays the Field
The New York Times, September 16, 2017 Saturday

 Take that Amazon. Walmart is doubling down on its hometown of Bentonville, Ark. One week after Amazon announced, with great fanfare, that it is planning to build a second headquarters in a city offering the best perks, Walmart said on Friday that it is replacing its aging headquarters in Bentonville with a new one.
 Equifax Finally Responds
The New York Times, September 16, 2017 Saturday

 In the last few days, several hundred of you have sent me questions or tweeted about the Equifax breach and its credit freeze process. I don't blame you, given that you've melted their websites and phone banks since the company announced last week that up to 143 million people may have had their Social Security numbers and other data stolen. In the absence of much, if any, cogent response from Equifax in the early days of its crisis, I've been sending your questions to its representatives and...
 G.M. Chief, in China, Challenges Countries' Plans to Ban Gasoline Cars
The New York Times, September 16, 2017 Saturday

 SHANGHAI -- Cars should run on gasoline for a little while longer. So argued Mary Barra, the chief executive of General Motors, who on Friday cautioned against the growing trend of officials in China and a number of other countries making plans to phase out sales of gasoline- and diesel-powered cars.   Speaking in Shanghai on Friday, Ms. Barra said her company was making a big push to develop electric cars but that consumers, not government dictates, should decide how cars are powered.
 2 Executives Retire Immediately, Company Announces
The New York Times, September 16, 2017 Saturday

 Equifax, the credit reporting agency, said Friday that its chief information officer and chief security officer were retiring, one week after the company revealed that a cyberattack potentially compromised confidential information of 143 million Americans. The retirements would be ''effective immediately,'' the company said.
 BUSINESS BEAT; Alphabet snub is a blow to Uber; Google's possible $1-billion investment in Lyft may reflect rivals' changing status.
Los Angeles Times, September 16, 2017 Saturday

 Uber was the indisputable No. 1 player in the domestic on-demand transportation industry. And by its workforce size, passenger count and capital raised, it still is. But reports Thursday from Bloomberg and Axios that Google's parent company, Alphabet, is mulling over a $1-billion investment in Uber's archrival, Lyft, suggests that Uber's ongoing dominance isn't a sure thing, and that recent scandals that led to a change in the company's leadership may have dealt a greater blow to the company's...
 GM mass-production plan puts Cruise into fast lane; Driving the Future; GM, Cruise unveil self-driving car ready for mass production
The San Francisco Chronicle (California), September 12, 2017 Tuesday

  General Motors' purchase last year of San Francisco self-driving startup Cruise Automation appears to be bearing fruit. The two companies on Monday unveiled a jointly developed self-driving car that - unlike the autonomous prototypes already being tested on California roads - is fully designed for large-scale production.  Kyle Vogt, Cruise's co-founder and CEO, referred to the vehicle as "the world's first mass-producible self-driving
 Equifax, other credit agencies will survive huge data breach; Black eye? Yes, but business is central to U.S. economic life
USA TODAY, September 14, 2017 Thursday

 Despite a data breach that put as many as 143 million Americans at risk of identity theft, the chances of credit-reporting agency Equifax -- or the broader industry -- being forced out of business are extremely slim, according to Wall Street analysts. A huge black eye? Certainly. Costly legal fees? Yes. Outrage from lawmakers and a likely regulatory crackdown? Yup. Fewer sales of credit-monitoring services to consumers and the potential for clients to defect to rivals? Check.
 Toshiba Says It Favors Bain Group's Bid for Microchip Business
The New York Times, September 14, 2017 Thursday

 TOKYO -- Toshiba Corporation, the struggling Japanese conglomerate, will once again try to sell its immensely valuable microchip business to a group of American and Japanese buyers. Better offers would be welcomed, too.   Toshiba said on Wednesday that it had agreed to negotiate with a group led by Bain Capital, the American investment firm, that also includes two organizations controlled by the Japanese government. They will seek to strike a deal over Toshiba's chip business, the world's...
 MARKET ROUNDUP; Stocks edge up to more new records
Los Angeles Times, September 14, 2017 Thursday

 U.S. stock indexes notched tiny gains Wednesday as retailers jumped after a strong hiring forecast from Target and energy firms rose along with oil prices. Energy companies rose after the U.S. government said oil and gasoline stockpiles shrank last week. Those gains were almost canceled out as technology and healthcare companies, which have led the market higher this year, slipped.
 BUSINESS BEAT; Target to boost holiday hiring by 40%
Los Angeles Times, September 14, 2017 Thursday

 Target plans to hire 100,000 people to work during the hectic holiday shopping season, up 40% from last year.
 Lowe's hires former Neiman Marcus executive
Charlotte Observer (North Carolina), September 13, 2017 Wednesday

 Mooresville-based Lowe's has named former Neiman Marcus executive Michael West its new executive vice president of supply chain field operations, a position responsible for overseeing the system that helps online orders reach customers quickly and efficiently.
 In Latest Display of Activist Investors' Power, DowDuPont Revises Breakup Plan
The New York Times, September 13, 2017 Wednesday

 DowDuPont, the chemicals giant, said on Tuesday that it would shift the focus of its reorganization plan after shareholders opposed a proposal to break up the company. The decision is the latest response by a big company to activist shareholders who have taken on ever-larger targets in recent years, demanding changes to corporate strategies. Household names like Procter & Gamble, Nestlé and Samsung have all found themselves in the sights of such investors.   The new plan, announced in a...
 China's Electric Car Push Lures Global Auto Giants, Despite Risks
The New York Times, September 13, 2017 Wednesday

 TIANJIN, China -- Volkswagen, the German auto giant, is preparing for a swift expansion in its output of electric cars next year -- and the biggest jump in production will be in China. General Motors is making China the hub of its electric car research and development. Renault-Nissan, the French and Japanese carmaker, and Ford Motor have hustled to set up joint electric-car ventures in China. Global automakers see the future of electric cars, and it looks Chinese. The biggest players are...
 Nordstrom a step closer to buyout, report says
The Seattle Times, September 13, 2017 Wednesday

 Nordstrom family members are close to choosing private equity firm Leonard Green & Partners to help fund a buyout of the Seattle-based fashion retailer that bears their name, CNBC reported Tuesday, citing people familiar with the matter.
    

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