Wal Mart tests unlimited shipping service for online shoppers
Wal Mart will test an unlimited shipping subscription priced at 50 per year, undercutting Amaz ons Prime. The invite only program targets faster delivery with over one million top selling items and no free streaming features at launch.
MENTIONED IN THIS ARTICLE
New York
Wal-Mart Stores Inc
Wal-Mart
Associated Press
The
Information
Ravi Jariwala
Jariwala
Amazon
Twitter co founder shifts to Super at Jelly Industries
Twitter co founder Biz Stone pivots from Jelly to Super, an opinion sharing app, aiming for broader appeal with new facetagging and emoji style posts. He reflects on past ventures Odeo and Twitter and notes the need for fun to drive adoption. Stone remains adviser and major shareholder with Dorsey and Williams, and chats with Costolo.
MENTIONED IN THIS ARTICLE
San Francisco
Biz Stone
Odeo
Twitter
Stone
Jelly Industries
Jelly
Ben Finkel
Super
Facebook
Jack Dorsey
Evan Williams
Dick Costolo
Fair housing groups fault Fannie Mae over foreclosed homes
A coalition led by the National Fair Housing Alliance accuses Fannie Mae of neglecting foreclosed properties in minority neighborhoods, including Baltimore, citing photos of boarded windows, litter, and decay in 34 metro areas. Fannie Mae denies the claims and says its properties are maintained equitably.
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Baltimore
Fannie Mae
National Fair Housing Alliance
Fair Housing
U.S. Department of Housing and Urban Development
Ing Center
Chicago
Washington
Andrew Wilson
Gail Williams
Metro Fair Housing Services
Atlanta
Toledo council approves $1.5M to buy 17 properties near Jeep plant
The Toledo City Council approved 1.5 million dollars to purchase 17 residential properties near the Jeep Wrangler plant as part of an incentive package to persuade Fiat Chrysler Automobiles to keep production in Toledo. The move follows the city already acquiring over 100 acres for plant expansion as Fiat Chrysler weighs moving the Wrangler line to avoid aluminum body constraints.
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Toledo Council
Jeep Plant
Toledo
Ohio City
Toledo Blade
Fiat Chrysler Automobiles
Fiat Chrysler
Wrangler
Recall from AG highlights Takata air bag inflator probe
The recall centers on Takata air bag inflators with ammonium nitrate causing deployment concerns. Toyota’s Dino Triantafyllos stresses safety while NHTSA fines Takata about 1 million dollars for document submissions.
MENTIONED IN THIS ARTICLE
Takata
Toyota
Dino Triantafyllos
Toyota Motor North America
NHTSA
U.S
Markets steady after weak retail data
The 10 year Treasury yield rose to 2.28 percent from 2.25 percent as traders digest a disappointing retail sales report. Despite the data stocks ended unevenly as investors weigh a potential Fed pause in rate cuts, with analysts like Phil Orlando noting the data may delay any June or September rate move.
MENTIONED IN THIS ARTICLE
Treasury
Federal Reserve
Phil Orlando
Federated Investors
Fed
Orlando
U.S
New York
London
New York Mercantile Exchange
Macy s profits fall as West Coast port slowdown hits first quarter
Macy s posted a 13 percent drop in quarterly profit amid delayed shipments from West Coast ports, harsh winter weather, and weaker international tourist spending. The stock slid $1.60 to $63.73 as investors weighed results that missed forecasts amid broader market moves including Arctic Cat and EZchip shares.
MENTIONED IN THIS ARTICLE
Macy’s
Wall Street
Arctic Cat
Ezchip Semiconductor
Owens-Illinois
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Anne D’innocenzio
AP File
National Geographic Channel
Pasadena
Calif
Watchdog
Vitro
Williams Companies
Gas Infrastructure
Williams Partners
S&p 500
Chronicle
Young Security Services
Cleveland St
Elyria
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