Trump’s Twitter Warning to Toyota Unsettles Japanese Carmakers

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Trump’s Twitter Warning to Toyota Unsettles Japanese Carmakers

New York Times
A Toyota showroom in Tokyo on Friday. Stocks in Toyota fell on Friday after Donald J. Trump threatened high taxes on the carmaker if it added a plant in Mexico.

1 Sears, 4 Macy’s and 10 Kmart closings create retail challenge in Michigan

MLive.com
When Sears closes its store in Woodland Mall, shoppers won’t have to wait long to see a new vision for its space that will include a new higher-end department store, an addition and possibly stores from hot brands like Michael Kors and Timberland.

Macy’s Bites The Bullet — Kohl’s Drops Sales — Amazon Is The Winner

Forbes
The holiday sales reports were not good for the department stores. Both Macy’s and Kohl’s saw comparable store sales drop by 2.1% during the vital 2016 Christmas selling period.

Yahoo Deletes Tweet About Trump That Included Racist Slur

U.S. News & World Report
Yahoo Finance says it accidently tweeted out a racial epithet when promoting a story about the cost of President-elect Donald Trump’s plans to increase the size of the U.S.

Sears Agrees to Sell Craftsman to Stanley Black & Decker to Raise Cash

New York Times
A Sears store in Brooklyn. The company said on Thursday that it would close 150 stores to try to improve its finances. Credit Elise Amendola/Associated Press.

IRS: Here’s when you can begin filing your 2016 taxes

USA TODAY
The Internal Revenue Service said Thursday it expects to hold tax refunds for taxpayers this year claiming the earned income tax credit and the additional child tax credit until Feb. 15 to give the agency more time to detect fraud.

BOE’s Haldane Says ‘Fair Cop’ to Getting Brexit Forecasts Wrong

Bloomberg
Bank of England Chief Economist Andy Haldane has put his hand up to say his profession has a lot of work to do if it is to recover from its failed predictions over the global financial crisis and Brexit.

Mexico: 20% gas price hike fuels looting, protests

CNN
(CNN) A hefty government gas price hike is fueling protests, looting and road blockades in Mexico. Authorities arrested more than 250 people for robbery and acts of vandalism around the country this week, officials said.

Lawsuit claims Snap Inc. hasn’t been honest about its pre-IPO performance metrics

TechCrunch
Anthony Pompliano, the one-time head of Snap’s growth and user engagement team, is seeking an injunction and monetary relief after being fired just three weeks into his tenure.

Trump’s SEC pick Clayton points to capital formation, not enforcement

Reuters
A general exterior view of the U.S. Securities and Exchange Commission (SEC) headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst.

Apple Will Open its First Retail Store in South Korea This Year

Mac Rumors
Apple will open its first retail store in South Korea this year, according to a report on Friday (via Reuters). The country’s Yonhap News Agency said that construction was underway for a store in the southern district of Seoul and that work on the site

China cementing global dominance of renewable energy and technology

The Guardian
China is leading the world in renewable energy, investing both domestically and internationally. Photograph: Tyrone Siu/Reuters. Renewable energy.

Chinese Submarine’s Malaysian Port Call Signals Regional Power Shift

Wall Street Journal
A Chinese attack submarine made an unprecedented stopover in Malaysia this week in a rare public display of China’s expanding undersea force and a further sign of power realignment in Southeast Asia.

Officials to Probe LIRR Train’s Erratic Speed Just Before Crash

NBC New York
The Long Island Rail Road train that derailed at Atlantic Terminal in Brooklyn Wednesday morning was traveling at more than twice the speed limit when it slammed into a bumper at the end of the tracks, federal investigators said Thursday.

Amazon opening NYC physical bookstore

Fox News
Amazon is reportedly expanding its family of physical bookstores into New York City. The online retailer plans to open its sixth location—NYC’s first—at the Time Warner Center near Central Park.

China’s yuan holds gains as PBOC hikes mid-point by most since 2005

Reuters
SHANGHAI China’s yuan held onto its gains after a two-day rally on Friday as borrowing rates for its offshore component soared and the central bank set a stronger guidance rate for the currency, signaling no respite in official efforts to contain

Coca-Cola accused of tobacco industry-like deception in lawsuit

Chicago Tribune
In a lawsuit, the nonprofit Praxis Project seeks to stop Coke and the Washington-based American Beverage Association from deceptive advertising of sugary drinks, particularly to children, and for the disclosure of documents related to their impact on

Corzine to pay $5M penalty to resolve MF Global case

Washington Post
WASHINGTON – Jon Corzine, the former New Jersey governor who led the collapsed brokerage MF Global, has been ordered to pay a $5 million penalty for his role in the firm’s alleged illegal use of almost $1 billion in customer funds.

Southwest’s CVG launch could have larger impacts for region

Cincinnati.com
When Southwest announced it was finally starting service out of the Cincinnati/Northern Kentucky International Airport, area travelers rejoiced – hoping for the low fares the carrier is known for.

Verizon Still Doesn’t Know if It Will Close Its $4.8 Billion Purchase of Yahoo!

TheStreet.com
After two massive cyber breaches at Yahoo, Verizon’s digital executive Marni Walden says the telecom has to make sure it is not ‘jumping off blindly off a cliff.

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