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 Sears Holdings borrows $40M more from CEO
Chicago Tribune, October 20, 2017 Friday

 Sears Holdings Corp. is borrowing money -- again -- from affiliates of its billionaire CEO. The Hoffman Estates-based retailer revealed the $40 million loan in a regulatory filing late Thursday. The loan, the second this month, comes just days after one of Sears' largest investors said he would step down from the board.
 Trib Media shareholders vote for Sinclair merger
Chicago Tribune, October 20, 2017 Friday

 Tribune Media shareholders on Thursday "overwhelmingly" approved the company's proposed acquisition by Sinclair Broadcast Group, even as federal regulators slow down the TV station megamerger to allow for more public input.
 McDonald's McCafe drinks slow service, report says; Franchisees complain labor- intensive drinks cause delays, aren't worth the hassle
USA TODAY, October 20, 2017 Friday

 McDonald's new McCafe coffee drinks are causing a brew-haha among franchisees, an analyst finds. They're complaining the beverages take too long to make, slowing down service and causing delays at the drive-thrus, according to a new report by Nomura Instinet analyst Mark Kalinowski.
 IPhone 8 demand dwindles as holdouts wait for iPhone X
USA TODAY, October 20, 2017 Friday

 The iPhone 8 has an iPhone X problem. Smartphone buyers seem to be holding out for the high-end, high-priced iPhone X over the iPhone 8 and 8 Plus models that went on sale last month.
 Verizon sees more signs of pay-TV cord-cutting
USA TODAY, October 20, 2017 Friday

 Verizon provided more evidence that consumers continue to opt for broadband-delivered TV offerings such as Netflix and Amazon Video over traditional pay-TV service. The telecom giant added 66,000 Fios broadband customers while losing 18,000 Fios video customers during the July to September third quarter, the company said Thursday. Overall, Verizon now has 5.8 million Fios broadband customers and 4.6 million Fios Video customers.
 Kohl's kicks off experiment with Amazon; Store-within-a-store debuted Wednesday in Chicago and L.A.
USA TODAY, October 20, 2017 Friday

 Walk in the first-floor entrance of the Kohl's store in the neighborhood northwest of downtown Chicago known as Bucktown, and there's virtually no chance you'll miss the new Amazon "smart home" shop and its array of Star Trek-worthy digital gear.
 BUSINESS BEAT; Stitch Fix files plan to go public
Los Angeles Times, October 20, 2017 Friday

 Stitch Fix Inc., an online clothing styling service, has filed to go public. The company is one of several that ships shoppers clothing to try on at home before they buy. With Stitch Fix, customers pay $20 to receive five clothing items. Customers can ship back whatever they don't like or they'll be charged for anything they keep, minus the $20 fee.
 U.S. Bancorp profit jumps, stock falls
Star Tribune (Minneapolis, MN), October 19, 2017 Thursday

 U.S. Bancorp, already producing some of the best results in American banking, couldn't quite satisfy investors with one of its latest numbers. The Minneapolis company, operator of the nation's fifth largest bank, on Wednesday reported a 4 percent jump in profit for the third quarter and reached another goal of executives by having the company's revenue grow faster than expenses. Even so, the company's stock fell about 1 percent on a day when other banking shares rose and the broader market...
 Anthem Will Partner With CVS to Start Its Own Pharmacy Business
The New York Times, October 19, 2017 Thursday

 Anthem, one of the nation's major health insurance companies, said on Wednesday that it planned to start its own business to manage prescription drug plans by partnering with CVS Health, the large pharmacy benefit manager and drugstore chain.
 In Amazon Bid, New York Offers 'Strengths You Can't Buy With Tax Breaks'
The New York Times, October 19, 2017 Thursday

 The Empire State Building, 4 Times Square, 1 World Trade Center and other New York City skyscrapers were bathed in orange light on Wednesday night. Halloween had not come early. The color was a nod to the arrow in the logo of the giant retailer Amazon, designed to mark the moment New York City delivered its bid for the company's second headquarters. Competition is fierce. In a battle created by Amazon, some 50 cities across the nation are hoping to lure the company's new urban campus, and some...
 New Trouble For Samsung As Police Raid Top Subsidiary
The New York Times, October 19, 2017 Thursday

 SEOUL, South Korea -- Barely two months after its crown prince was sent to prison on corruption charges, the family that controls Samsung's vast business empire is again facing allegations of white-collar crime. The South Korean police raided the head office of Samsung's construction arm on Wednesday as they investigated whether Lee Kun-hee, the group's patriarch, had misappropriated company funds to renovate his family's home. Investigators will soon begin questioning others, including company...
 Dow Tops 23,000 as More Records Fall
The New York Times, October 19, 2017 Thursday

 A day of modest gains on Wall Street resulted in more milestones for U.S. stocks Wednesday as the Dow Jones industrial average closed above 23,000 points for the first time. The Standard & Poor's 500 index and Nasdaq composite also finished at record highs.   Technology stocks and financial companies led the gainers as investors weighed the latest batch of company earnings. Strong quarterly results drove IBM shares to their biggest one-day gain since 2009. Those gains accounted for much of the...
 Amex Chief, Who Led Expansion, Is Retiring
The New York Times, October 19, 2017 Thursday

 Kenneth I. Chenault, one of the longest-serving executives in finance and one of corporate America's few black top leaders, will retire next year as the chairman and chief executive of American Express. Under Mr. Chenault's leadership, American Express expanded beyond its core market of corporate customers and wealthy cardholders to serve a broader clientele. The co-branding deals he sought out with airlines and large retailers helped the company become the credit card issuer with the highest...
 Nielsen Tackles a Mystery: Netflix Ratings
The New York Times, October 19, 2017 Thursday

 In the five years since Netflix started streaming original series like the Emmy-winning ''House of Cards'' and ''Master of None,'' the shows have had a question hanging over them: How many people are watching? Outside of Netflix, nobody knows the answer.
 Harley-Davidson revs up rebound; Motor- cycle maker plans to innovate while staying true to its heritage in bid to boost sales
USA TODAY, October 19, 2017 Thursday

 In the face of declining profits, Harley-Davidson has a clear plan to try to inspire its die-hard customers -- and new, young riders -- to plunk down cash for a new motorcycle.
 Kohl's unveils new partnership with Amazon; Online retailer given prime space in stores
The Milwaukee Journal Sentinel, October 18, 2017 Wednesday

 CHICAGO - Walk in the first-floor entrance of the Kohl's store in the Bucktown neighborhood northwest of downtown and there's virtually no chance you'll miss the new Amazon "smart home" shop and its array of Star Trek-worthy digital gear. It's all immediately inside the door and prominently marked with the now-familiar Amazon logo - a store-within-a-store that is the first thing anyone popping in to pick up a Sonoma tank top, Under Armour hoodie or Gaiam yoga pants will see.
 Harley profit plummets; Weak motorcycle sales lead to 40% decline
The Milwaukee Journal Sentinel, October 18, 2017 Wednesday

 With U.S. sales in a continued slump, and now international sales lagging, Harley-Davidson Inc. on Tuesday reported a sharp decline in its third-quarter profit. The world's largest manufacturer of heavyweight motorcycles said it earned $68.2 million in the three-month period ended Sept. 24, down 40% from $114.1 million in the same period a year ago. On a per-share basis, the company earned 40 cents, down from 64 cents a year earlier.
 Velcro may be stuck on its own popularity ­— and that's a problem
The Boston Globe, October 18, 2017 Wednesday

BODY The Velcro brand hook and loop fastener has a problem that many startups would love to have. Velcro has a problem. It's so famous and popular that its name has turned into an everyday word. That's a problem that many startups would love to have. Companies have lots to gain when their names become terms for concepts like search, teleconferencing, and shipping. Yet it's possible to have too much of a good thing. When a brand name grows to be so pervasive that it's the only generic word for...
 Aetna To Spend $85M For N.Y. Headquarters
The Hartford Courant, October 17, 2017 Tuesday

 Aetna Inc. is spending nearly $85 million on its new headquarters in New York and will generate about $51 million in tax revenue for the city, according to its application to the city for financial assistance. In addition, the Partnership for New York City, a local organization of business leaders, backed the project last month, saying Aetna Chief Executive Officer Mark Bertolini has moved to the city and is an active member of the board. He's been on the board since 2011. The health insurer's...
 Dow tops 23,000; he Dow briefly topped 23,000 for the first time in its 121-year history Tuesday but closed just shy of the milestone despite notching its 50th record close of the year and extending a bull market rally that began nearly nine years ago. This year has been full of milestones for the Dow Jones industrial average. The blue-chip stock gauge has rallied more than 3,200 points, gained more than 16% and leapfrogged 20,000, 21,000, 22,000 and 23,000 in 2017.
USA TODAY, October 18, 2017 Wednesday

 The strong rally has been driven, Wall Street pros say, by a financial rarity: Economies in every corner of the globe picking up at the same time. "Dow 23,000 is something to cheer," says Thorne Perkin, president of New York-based money-management firm Papamarkou Wellner Asset Management. The Dow topped its newest milestone in morning trading, climbing as high as 23,002.20 before retreating. It closed up 40.48 points, or 0.18%, to 22,997.44. It took just 76 days to climb from 22,000 to 23,000,...
 MARKET ROUNDUP; Stocks mostly rise; Dow flirts with 23,000
Los Angeles Times, October 18, 2017 Wednesday

 Gains by healthcare companies led U.S. stock indexes mostly higher Tuesday, pushing the market further into record territory. The Dow Jones industrial average briefly climbed above the 23,000 mark for the first time, settling just below the milestone. Slight gains nudged the Dow and Standard & Poor's 500 indexes to new highs for the second day this week.
 BUSINESS BEAT; Wells Fargo settles with regulator over securities; Bank to repay patrons who lost money on a complex investment.
Los Angeles Times, October 18, 2017 Wednesday

 An investment industry regulator has ordered Wells Fargo to pay $3.4 million to brokerage customers who lost money buying complicated securities that even Wells Fargo brokers didn't fully understand.
 Self-Driving Technology May Be Tried In Manhattan
The New York Times, October 18, 2017 Wednesday

 Pity the poor taxi drivers. First came Uber, now comes no one. Manhattan may become the first self-driving car testing grounds in New York State, according to Gov. Andrew M. Cuomo, who announced on Tuesday that General Motors, via its start-up subsidiary Cruise Automation, has applied to test the nascent technology in early 2018 in the borough.   G.M. has already begun mapping a test site in Manhattan, according to the governor's office. It will submit its full application to the Department of...
 Goldman Sachs Had Good Earnings, but It Could Learn From Morgan Stanley
The New York Times, October 18, 2017 Wednesday

 Goldman Sachs edged past Morgan Stanley on style points in the third quarter, but not on substance. Lloyd Blankfein's firm cranked out $2 billion of earnings in the three months to the end of September, at an annualized return on equity of 10.9 percent. That bested the 9.6 percent showing of Goldman's main Wall Street rival -- the first time this year that it has come out ahead. Morgan Stanley's boss, James Gorman, though, has crafted a more attractive-looking business for the longer term.
 Aramark to buy two companies worth $2.35B
USA TODAY, October 17, 2017 Tuesday

 Aramark to buy two companies worth $2.35B Food-services giant Aramark on Monday said it is buying private companies Avendra LLC and AmeriPride Services for $2.35 billion in separate deals. The announcement said Aramark has reached a $1.35 billion deal to buy Avendra, a Maryland-based hospitality procurement services provider founded in 2001 by Marriott, Hyatt, Fairmont Hotels, ClubCorp and IHG.

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