Sears
plunges on report suppliers backing away - (www.cnbc.com) Sears
Holdings stock
is tanking after reports that three insurance firms for its suppliers are
shying away from the company. Shares in Sears fell over 12 percent Wednesday
morning, after briefly being halted, following a Bloomberg report that Euler Hermes Group,Coface,
and Atradius Credit Insurance are scaling back coverage or cancelling policies
related to the embattled retailer. Bloomberg also reported that at least one
vendor, which asked not to be named, decided to withhold its products from
Sears.
Dick
Morris Tells Hannity: Obama Pushing for One-Party Rule - (www.newsmax.com) Dick
Morris, the Democratic strategist credited with reigniting former President
Bill Clinton's political hopes in the mid-1990s, is warning that President
Barack Obama is implementing an agenda to destroy two-party rule in America. Morris'
new book "Power Grab — Obama's Dangerous Plan for a One-Party
Nation" …
outlines what Morris sees as the president's attempt to turn the United States
into a "Banana republic ruled by one party by putting the Republican Party
out of business." "What he really wants to do is stack the deck to
assure permanent Democratic control over the country – a one-party democracy,
like Mexico had and Japan has had," Morris said Thursday on Fox News
Channel's "Hannity." Everything Obama does must be seen through
that lens, Morris said, including why Obama wants open borders and stronger
labor unions and opposes photo IDs for voting. It also explains why he wants
judicial confirmations without a filibuster, he said. "I believe that the
entire country, me included, made a mistake in 2008 in not listening to you when
you kept pushing the connection between Bill Ayers and Barack Obama,"
Morris told Hannity. "We all dismissed it as guilt by association. Now
it's time to listen."
Five
more civilians killed in worst India-Pakistan fighting for years - (www.reuters.com) Five
civilians were killed and thousands took refuge in camps in the disputed region
of Kashmir on Wednesday after some of the most intense fighting between
nuclear-armed neighbours Pakistan and India in a decade. A total of nine Pakistani
and eight Indian civilians have been killed since fighting erupted more than
week ago in the mostly Muslim Himalayan region. Kashmir is claimed by both
countries and has been a major focus of tension in South Asia.
Marriott fined for blocking
wi-fi at Nashville hotel - (www.cnbc.com) Marriott
International will pay a $600,000 fine for jamming conference attendees' own
Wi-Fi networks at its Gaylord Opryland Resort and Convention Center, forcing
them to pay hefty prices to use the hotel's own connection. Frequent travelers
often carry personal Wi-Fi hotspots — tiny devices that can connect to the
Internet via cell phone towers. For $50 a month, they can connect to the
Internet on the move, often avoiding hefty fees charged by hotels, airports and
conference facilities. Some people upgrade their wireless data plans to make
their smartphones into hotspots. Last year, a conference attendee at the
Opryland hotel in Nashville, Tennessee — which is managed by Marriott — found
that the hotel was jamming devices in its ballrooms and complained to the
Federal Communications Commission. In the complaint, the guest noted that the
same thing happened previously at another Gaylord property. The block didn't
affect Wi-Fi access in guest rooms.
[Bloomberg]
China’s First Bond Defaulter Gets Guarantee From Bad Bank - (www.bloomberg.com) Shanghai Chaori Solar Energy Science & Technology Co.
(002506),
the first company to default in China’s onshore bond market, got a guarantee to
help make repayments from a state-backed fund that buys bad debt. China Great
Wall Asset Management Corp., one of the four so-called bad banks that the
government set up in 1999, will guarantee as much as 788 million yuan ($128.4
million) on the solar-panel maker’s 1 billion yuan of defaulted notes, it said
in a statement posted to the Shenzhen Stock Exchange website yesterday. Shanghai Jiu Yang Investment Management Center,
one of the nine investors to restructure Chaori, will provide 92 million yuan,
it said in a separate filing.
Japan,
U.S. Lay Out Plans for Global Defense Partnership - (www.bloomberg.com)
Turkey says Syrian town about to fall as Islamic State advances - (www.reuters.com)
Turkey says Syrian town about to fall as Islamic State advances - (www.reuters.com)
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