January, 2019

• 15 January

  Sears extends talks on Eddie Lampert’s plan to rescue chain

  

  Bloomberg Talks on the latest Sears takeover bid from Chairman Eddie Lampert continued late into Monday evening as stakeholders tried to reach an agreement on whether Sears Holdings Corp should live on. Negotiators initially didn’t embrace Lampert’s revised rescue plan for the bankrupt retailer, but they were concentrating on his proposal rather than competing bids from liquidators, according to people ...

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• 15 January

  Boohoo offers relief with ‘holiday sales’

  Bloomberg Boohoo Group Plc lifted its full-year growth forecast after the online apparel seller’s Instagram-fuelled marketing strategy paid off over the holidays, offering a measure of relief to an embattled UK retail sector. The group lifted its growth forecast for the year to a range of 43 percent to 45 percent from a previous 38 percent to 43 percent after ...

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• 15 January

  Security waits top an hour at Atlanta airport amid shutdown

  

  Bloomberg Some airport security lanes in Atlanta, Washington and Houston were closed as the Transportation Security Administration (TSA) continued to grapple with more absenteeism during the partial government shutdown. The TSA will begin relocating airport screening officers “on a national basis to meet staffing shortages that cannot be addressed locally,” the federal agency said in a tweet. The TSA will ...

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• 15 January

  Lululemon soars as holiday sales stand out

  Bloomberg Lululemon Athletica Inc rose the most in more than four months after the yogawear company boosted its quarterly sales and profit forecast ahead of the ICR Conference in Orlando this week. The move follows a series of holiday sales misses last week and prompted a chorus of praise from analysts. “In what is turning out to be a more ...

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• 15 January

  Rich Chinese still hungry for luxury goods despite slowdown

  

  Bloomberg About half of Chinese consumers say they’re planning to spend more on luxury purchases this year in a recent survey as concerns mount that the slowing and trade war-battered economy may dent demand in the key market for premium goods. Weeks after Apple Inc said that lower-than-expected Chinese demand is hurting earnings, a new survey of 1,385 affluent consumers ...

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• 15 January

  Eni, Oman call bottom for oil at $60

  

  Bloomberg Italy’s top oil producer and Oman’s energy minister predict the latest oil rebound will stick. Prices are up more than 20 percent since hitting an almost two-year low in December. Oman Oil Minister Mohammed Al-Rumhi told Bloomberg TV that the agreement between the Organization of Petroleum Exporting Countries and partners including Russia and Oman can sustain prices at $60 ...

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• 15 January

  S&P cuts Buffett-backed solar farm rating to junk

  Bloomberg S&P Global Ratings cut the credit rating of Berkshire Hathaway Energy’s 550-megawatt Topaz Solar Farms to junk, noting that the plant counts on embattled utility giant PG&E Corp for all of its revenue. S&P lowered ratings on Topaz Solar by five notches to ‘B’ from ‘BBB-’ and maintained the ratings on CreditWatch, meaning it may make further cuts. In ...

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• 15 January

  Huawei founder breaks silence to deny spying

  

  Bloomberg Ren Zhengfei, the billionaire founder of Huawei Technologies Co, broke a years-long silence to dismiss US accusations the telecoms giant helps Beijing spy on Western governments. Ren denied suggestions that Huawei aids the Chinese government in espionage, saying it has no regular contact with Beijing as his technology empire faces its biggest crisis in its three decades of existence. ...

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• 15 January

  Singapore home sales halve in December

  Bloomberg Private-home sales in Singapore halved in December from the month prior as developers marketed fewer projects and buyers decamped from the city-state on holiday. Developers sold 602 units last month versus 1,201 in November, the Urban Redevelopment Authority said in a statement on Tuesday. That took the 2018 sales tally to about 9,246. The total number of apartments launched ...

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• 15 January

  Renault should decide to oust Ghosn: Saikawa

  

  Bloomberg Nissan Motor Co CEO Hiroto Saikawa said French partner Renault SA should reach the same conclusion as the Japanese automaker and oust Chairman Carlos Ghosn if and when it gains access to all the relevant information. A probe into Ghosn conducted by Nissan, which contributed to the Frenchman’s arrest in Japan almost two months ago, was shared with Renault’s ...

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