NEW YORK (AP) – A JC Penney Co. attorney told a bankruptcy judge Wednesday that the retailer will continue to sell its business and expects the deal to be completed by fall. The potential sale occurs when Penney, based in Plano, Texas, is looking for three bidders, who are looking …
Read More »Samsung beats earnings estimates on chip recovery and gadget sales
(Bloomberg) – Samsung Electronics Co. beat earnings estimates and offered a cautiously optimistic outlook, predicting that new smartphones and game consoles will increase demand for memory chips in the second half of the year. Net income rose to 5.5 trillion won ($ 4.6 trillion) in the three months ending June, …
Read More »Trump touts ‘suburban lifestyle dream’ after rescinding Obama-era rule that prevents housing discrimination
TOPLINE President Trump promised on Wednesday to residents of the suburbs of the United States that the value of their homes would not be affected by crime or low-income housing construction after an Obama-era rule designed To limit housing segregation will end last week, the culmination of years of deregulation, …
Read More »Four Hong Kong student activists arrested for ‘secession’ over social media posts
Police said those arrested were three men and a woman, aged between 16 and 21. Although police declined to name the group or those arrested, the political group Studentlocalism said on Facebook that its members were among those detained, naming one as former leader Tony Chung. Student localism was one …
Read More »Tennessee lawmaker used federal funds to pay for a luxurious lifestyle: federal
A Tennessee state senator has been charged with defrauding $ 600,000 in federal funds to pay for his wedding and finance a lavish lifestyle, federal prosecutors announced Wednesday. From 2015 to 2019, State Senator Katrina Robinson is accused of stealing money that was awarded to The Healthcare Institute, a company …
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