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Sears Holdings announced the closures in its quarterly results released on Thursday, in which it reported total revenues of approximately $2.9 billion - down from $4.2 billion in the same quarter a year ago. However, the store in Greenville will remain open - at least for now. This makes Sears Auto the first nationwide auto service center to offer Amazon .com customers the convenient Ship-to-Store tire solution integrated into the Amazon.com checkout process.
  • Deutsche Bank says financial strength 'beyond doubt' after ratings downgrade

    Markets

    In a letter to staff on June 1, Sewing admitted the bank is "not getting any respite" but told staff there was no reason to be discouraged by the latest blows to its reputation. As you know, we have made progress in remediating them in the past year. The Australian sharemarket was on the back foot again the United States imposed sanctions on Europe, Mexico and Canada, and German banking giant Deutsche Bank hit a record low.
  • Macron brands Trump tariffs move 'illegal' as European Union vows response

    Macron brands Trump tariffs move 'illegal' as European Union vows response

    Markets

    Mexico quickly said the USA action was not justified, and vowed to retaliate with comparable penalties on American lamps, pork, fruit, cheese and flat steel . Canadian officials said at a press conference that Canada would enact tariffs on $12.8 billion in United States exports, effective July 1, to retaliate against Trump's action.
  • Spanish PM Mariano Rajoy ousted in no-confidence vote

    Spanish PM Mariano Rajoy ousted in no-confidence vote

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    Mr Rajoy is the first prime minister in modern Spanish history to be defeated in a no-confidence motion. Mr Sanchez, 46, is expected to take office by Monday after King Felipe VI swears him in, and appoint his cabinet next week. The National Court, which deals with major criminal cases, sentenced 29 people with links to the PP, including a former treasurer, to jail. Rajoy's chance of surviving the vote was minimized on Thursday after the Basque Nationalist Party said it would support the ...
  • Banks help United States stocks higher as Italian worries ease

    Banks help United States stocks higher as Italian worries ease

    Markets

    The Dow Jones industrial average fell roughly 390 points - or 1.58 percent - amid losses in Goldman Sachs, Boeing , and J.P. Morgan Chase. Eastern time. The Italian government's successful auction of five- and 10-year bonds also assuaged concerns about the country's ability to finance itself after a sell-off in Italian bonds on Tuesday.
  • National Doughnut Day freebies and deals

    National Doughnut Day freebies and deals

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    Krispy Kreme is giving away free doughnuts on Friday, June 1 . No purchase is necessary, and the limit is one per customer. Dunkin' Donuts , 333 S. Friday. Four runners up will receive $1,000 and a one-year supply of Entenmann's Donuts . Entenmann's: Is running its Chief Donut Officer Contest through June 30.
  • Complaint: Facebook pressured users to agree to privacy policy

    Complaint: Facebook pressured users to agree to privacy policy

    Markets

    Facebook , Google's Andriod OS, Instagram and WhatsApp are the companies at the heart of the data security complaints . However, if the personal data is going to be processed by the cloud provider outside the European Economic Area (EEA), it will be necessary for the law firm to satisfy itself that the security arrangements proposed are compliant with the General Data Protection Regulation (GDPR ), and that the GDPR requirements relating to global transfers of personal data are met.
  • US Republicans fume over Trump's steel tariffs on allies

    US Republicans fume over Trump's steel tariffs on allies

    Markets

    The exemption was set to expire on Friday. The UK said: "We will continue to work closely with the European Union and US Administration to achieve a permanent exemption, and to ensure that UK workers are protected and safeguarded". He has argued that global oversupply of steel and aluminium, driven by China, threatens USA steel and aluminium producers, which are vital to the US.
  • De Beers Vowed for Years Not to Make the Move It's Making

    De Beers Vowed for Years Not to Make the Move It's Making

    Markets

    De Beers, which created the famous "a diamond is forever" slogan and once had a near-monopoly on global diamond production, said it was launching the new range of synthetic diamonds to meet demand for "affordable fashion jewellery that may not be forever but is ideal for right now".
  • ‘I’m Lost’ With Trump, EU’s Juncker Admits as Metal Tariffs Loom

    ‘I’m Lost’ With Trump, EU’s Juncker Admits as Metal Tariffs Loom

    Markets

    During a speech in Brussels, Jean-Claude Juncker, president of the European Commission, promised to announce retaliatory sanctions later on Thursday. At home, free-trade Republicans also blasted Mr. Trump . Besides the USA steel and aluminum tariffs, the U.S.is also investigating possible limits on foreign cars in the name of national security.
  • Amazon blocks Australia from global sites over tax

    Markets

    Shoppers visiting the U.S. store Amazon.com and the online behemoth's other overseas sites will be redirected to Amazon.com.au from July 1. New rules require internet retailers like the American behemoth to collect a 10% goods and services tax on everything bought from overseas sites from July 1, including under the current tax-free threshold of A$1,000 (US$760).
  • Giuseppe Conte fails to form a government leaving Italy facing another election

    Giuseppe Conte fails to form a government leaving Italy facing another election

    Markets

    The two big winners in that election - five star and the league - attempted to join forces on sunday but abandoned efforts after president sergio matarella vetoed their choice of finance minister. If Cottarelli does not pass a vote of confidence, as is almost certain, his government would not get a chance to set out such a budget. Mattarella said the appointment of Savona would have disastrous consequences for Italy's economy and ability to attract foreign investment.
  • Tesla Model 3 braking update released

    Tesla Model 3 braking update released

    Markets

    As we reported last week , Consumer Reports ( CR ) refused to give Tesla's Model 3 all-electric sedan their recommendation due to "big flaws" in the vehicle's braking system. Rather, he said that the issue could very well be resolved via an over-the-air software update . Shares of the company rallied more than 3% in early-afternoon trading.
  • Singapore Airlines to fly direct to NY

    Singapore Airlines to fly direct to NY

    Markets

    The daily non-stop journey will set off from Changi, Singapore and land at Newark Airport after 18 hours 45 minutes and covering some 16,700 km. Flights will be operated using the new Airbus A350-900ULR (ultra-long-range). Singapore Airlines now serves New York JFK daily via Frankfurt. Singapore will deploy its new fleet of next-generation, carbon-composite Airbus A350-900ULR airliners for the flight.
  • Do you think Canada should pay for the Kinder Morgan pipeline?

    Do you think Canada should pay for the Kinder Morgan pipeline?

    Markets

    Medicine Hat-Cardston-Warner MP Glen Motz weighed into the debate over the federal governments plans to buy out the Kinder Morgan pipeline project. "Any climate change plan that ignores the needs of working people is doomed to fail", Alberta Premier Rachel Notley said after the deal was announced .
  • Canada: Bank of Montreal and Simplii Financial hit by hackers

    Canada: Bank of Montreal and Simplii Financial hit by hackers

    Markets

    Simplii Financial , an online bank subsidiary of Canadian Imperial Bank of Commerce , also reported Monday that information for roughly 40,000 customers may have been stolen. In January, Bell Canada warned some of its customers that their information, such as names and email addresses, had been illegally accessed in a data breach.
  • Oil falls on threat of OPEC boost; funds quit crude

    Oil falls on threat of OPEC boost; funds quit crude

    Markets

    Thought the USA is traditionally loathe to higher oil prices, the fact that it's becoming a major exporter of oil, things have changed. The downward pressure on oil continued on Monday as traders considered data showing a jump in the number of U.S.