European leaders wary of G seven amid fracturing politics
European leaders including Cameron Renzi Merkel and Hollande face mounting domestic crises as Brexit migration terrorism and populism erode authority ahead of the Ise Shima G seven meeting. The leaders seek to project unity while grappling with referendums low growth and social unrest at home.
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Gawker Mulls Sale After Hulk Hogan Verdict Fallout
Gawker Media hired investment banker Mark Patricof to explore options including a sale amid a $140 million invasion of privacy loss to Hulk Hogan. Peter Thiel funded the suit. Gawker disputes the verdict on appeal and cites contingency plans. Hogan’s team cited 2015 gross revenue of $48.7 million and a claimed $83 million worth.
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Jobs stay steady as unemployment aid drops further
Weekly initial jobless claims fell to 268000, a 10000 decline, with the four week average rising to 278500. The data, alongside housing and retail strength, point to solid hiring and a modestly improving economy ahead of potential Fed rate moves.
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Sears eyes outside sales for Kenmore Craftsman DieHard brands
Sears Holdings plans to expand the Kenmore Craftsman and DieHard line beyond Sears and Kmart to boost cash. The company also targets Sears Home Services and weighs options including licensing, selling in other stores, or an outright sale with Citigroup Global Markets and LionTree Advisors assisting. Analysts note brand strength amid ongoing earnings declines.
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