Macy’s said Wednesday it’s shutting down 68 stores and cutting more than 10,000 jobs.
The announcement was issued alongside an unfavorable earnings report, showing comparable store sales dipped 2.1% last quarter. The news caused its stock to plunge nearly 10% during after-hours trading Wednesday.
Macy’s(M) said it expects to layoff about 3,900 workers as a result of the upcoming store closures, and another 6,200 jobs will be cut as the company works to streamline its management team, according to a press release.
A few stores have already been shuttered, but 63 will close down between now and mid-2017, leaving about 660 U.S. stores left open. The closings are among the 100 stores Macy’s said last August that it intends to shutter.
President Barack Obama delivered a mandate to Democrats on Wednesday: “Don’t rescue” Republicans on Obamacare.
Less than three weeks out from leaving the White House, Obama visited Democratic lawmakers on Capitol Hill with a mission to save his signature healthcare reform law as Republicans are moving quickly to unroll the Affordable Care Act.
In the closed-door meeting, the President urged fellow Democrats to not “rescue” Republicans by helping them pass replacement measures, according to sources in the room.
He also floated this idea: Start referring to the GOP’s new plan as “Trumpcare.”
The suggestion was a clear indication of the Democratic Party’s goal of turning the tables on Republicans, who are already facing pressure to quickly craft a replacement bill.
As he walked by a scrum of reporters, Obama would only say this about the Democratic Party’s message: “Look out for the American people.”
Donald Trump called WikiLeaks “disgraceful” and suggested there be a “death penalty” for their actions during a 2010 interview.
Speaking on camera to preview Brian Kilmeade’s radio show, the Fox News anchor brought up the topic of WikiLeaks. At the time, WikiLeaks had published hundreds of thousands of classified documents and videos that were leaked to the organization by Pfc. Chelsea Manning, known at the time as Pfc. Bradley Manning.
“I think it’s disgraceful, I think there should be like death penalty or something,” Trump said during the quick exchange uncovered online by CNN’s KFile.
On Tuesday she stunned the television news world by defecting from Fox, her TV home for the past decade, and joining NBC News.
Later this year Kelly will start hosting a daytime news program on weekdays and a prime time program on Sundays, both on the NBC network.
Kelly will only be on Fox for a few more days. She will sign off her 9 p.m. show, “The Kelly File,” on Friday night.
The move will be perceived in the industry as a coup for NBC and a blow to Fox. In the past couple years, Kelly has become one of the biggest stars on television as she defied expectations and tangled with Donald Trump.
Bolstered by Bill O’Reilly’s 8 p.m. show, Kelly at 9 p.m. had the second-most watched news program on all of cable news.
Kelly’s contract was coming due in July, which meant her future was the topic of constant speculation in the TV industry.
Former President Bill Clinton and 2016 Democratic presidential nominee Hillary Clinton will attend President-elect Donald Trump’s inauguration later this month, aides to both Clintons told CNN on Tuesday.
Former President George W. Bush and former first lady Laura Bush will also attend, the 43rd president’s office said in a statement Tuesday.
“President and Mrs. George W. Bush will attend the 58th Presidential Inauguration Ceremony on January 20, 2017, at the U.S. Capitol in Washington, D.C.,” the statement read. “They are pleased to be able to witness the peaceful transfer of power — a hallmark of American democracy — and swearing-in of President Trump and Vice President Pence.”
Previously, Jimmy Carter was the only former commander in chief who had publicly said he would attend Trump’s inauguration. Bush’s father, President George H.W. Bush, will not be attending due to his health, a spokesman has told CNN.
ISIS claimed responsibility for the New Year’s attack at Istanbul’s Reina nightclub that left 39 people dead, but authorities are still scrambling to find the killer.
ISIS’ claim, made in a statement posted to Twitter, cannot be independently verified by CNN. But it boasted about the first major terrorist attack of 2017.
“In continuation of the blessed operations which ISIS carries out against Turkey, a soldier of the brave caliphate attacked one of the most popular nightclubs while Christians were celebrating their holiday,” the statement read.
Both Turkish and US officials have called the attack an act of terrorism.
At least one gunman shot his way into an Istanbul nightclub packed with hundreds of New Year’s revelers on Sunday, killing 35 people and wounding more than 40 in what the provincial governor described as a terrorist attack.
One assailant shot a police officer and a civilian as he entered the Reina nightclub before opening fire at random inside, Istanbul Governor Vasip Sahin said at the scene. Some reports suggested there were multiple attackers.
“A terrorist with a long-range weapon … brutally and savagely carried out this attack by firing bullets on innocent people who were there solely to celebrate the New Year and have fun,” Sahin told reporters.
The attack again shook Turkey as it tries to recover from a failed July coup and a series of deadly bombings in cities including Istanbul and the capital Ankara, some blamed on Islamic State and others claimed by Kurdish militants.
President-elect Donald Trump praised Russian President Vladimir Putin on Friday afternoon, after the Russian leader said he would not expel any U.S. diplomats from his country.
Trump tweeted, “Great move on delay (by V. Putin) – I always knew he was very smart!”
It’s shockingly direct praise from an incoming American president for a Russian leader who’s been accused by U.S. intelligence agencies and President Barack Obama of overseeing hacking efforts aimed at influencing the 2016 election.
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Sean Gallup via Getty Images
A woman walks past a mural showing President-elect Donald Trump (R) blowing marijuana smoke into the mouth of Russian President Vladimir Putin on the wall of a restaurant on Nov. 23, 2016, in Vilnius, Lithuania.
President-elect Donald Trump took credit Wednesday for bringing a total of 8,000 jobs to the U.S., when those jobs were part of a previously announced commitment that there’s no evidence Trump was involved in.
During brief remarks outside his Mar-a-Lago estate in Florida, Trump said 5,000 jobs at Sprint Wireless would be returning to the U.S. from abroad and 3,000 would be created at OneWeb “because of what’s happening and the spirit and the hope.”
“I was just called by the head people at Sprint and they’re going to be bringing 5,000 jobs back to the United States,” Trump said. “They’re taking them from other countries, they’re bringing them back to the United States. And also OneWeb, a new company, is going to be hiring 3,000 people.”
Media outlets quickly ran with the news that Trump was bringing jobs back to the U.S., in some cases connecting it to the president-elect’s intervention at Carrier several weeks ago that kept 800 jobs at the company from moving to Mexico.
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Donald Trump Tricks The Media Into Crediting Him For Creating More U.S. Jobs
Film and Writing Festival for Comedy. Showcasing best of comedy short films at the FEEDBACK Film Festival. Plus, showcasing best of comedy novels, short stories, poems, screenplays (TV, short, feature) at the festival performed by professional actors.
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New human organ
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James' World 2 