Retail stocks slump as Macy's debts weigh market
U S equities decline with Macy s biggest one day drop since 2008 dragging down department stores and fashion retailers. Oil price rises offset by lower consumer spending and weaker holiday sales expectations. Office Depot and Staples fall after merger blocked by a federal judge.
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Google bans all payday lender ads effective July
Google will ban payday lender ads starting July 13, shielding users from deceptive high cost loans. Ads for loans due within 60 days and those with interest rates at or above 36 percent are prohibited, placing payday lenders among Google's restricted categories.
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Associated Press
Sears Plans Smaller Fort Collins Appliance Store Opening
At Sears annual meeting CEO Edward Lampert announced a new smaller format store in Fort Collins Colorado focused on appliances. The 7000 to 10000 square foot shop will integrate Sears online services in-store, a shift from typical larger outlets. Also noted are WBON luncheon details and contacts in Elyria for reservations.
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Alaska Airlines tops five traditional carriers in satisfaction
Alaska Airlines led five traditional carriers with a 751 score, while United ranked last among them at 675 though up from last year. Delta ranked second at 725 and JetBlue led discount carriers with 790, as cost, in flight and baggage concerns shaped the ratings.
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