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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Aug 25, 2016
Page
4
Ford Motor announces recalls to fix over 113 thousand vehicles for defects including fuel pump issues that could stall engines. About 88 thousand units are 2013 to 2015 Taurus Flex Police Interceptor Lincoln MKS and MET. A separate ruling clears Fitbit of Jawbone trade secrets theft claims with no sales ban.
Five risks threaten the rally as stock indexes hit records. September weakness, Clinton lead uncertainty, possible Trump presidency, oil volatility around 40s, and talk of earlier rate hikes threaten earnings and sentiment. analysts warn market gains may be overextended and a 20% correction remains a plausible case.
A February long of inventory and higher costs cut into existing home sales in July, driving a 3.2 percent drop to a seasonally adjusted annual rate of 5.39 million from 5.57 million in June. The median sale price rose 5.3 percent to 244,100 dollars from a year earlier, marking the 53rd straight month of annual price gains.
La-Z-Boy fell 12.6 percent to close at 27.24 as it reported a drop in same-store sales. The company said first quarter 2017 sales at stores open at least a year declined 1.9 percent, versus a 5.3 percent rise a year earlier.
USA Today summary notes last week and this week figures from Bankrate. Jae Yang and Veronica Bravo report rates holding near 0.48 percent, indicating stability in the short term. The piece points readers to rates.usatoday.com for current figures.
Planning notes and local coverage point to three possible drive up grocery hub sites for Amazon click and collect in San Carlos Sunnyvale and Seattle The concept would let online shoppers pick up groceries at a designated area without home delivery It would complement Amazon Fresh and Prime Now and mirrors language in a projected project X filing in Seattle Job and retail planning documents indicate Amazon behind the Silicon Valley and Seattle hubs Analysts say Amazon holds about 1 percent of the U S food and beverage market with potential for growth
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