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Sears surprise; Stocks stabilize; iHeartMedia bankruptcy

1. Retail watch: Shares in Sears are set to surge Thursday after the retailer reported better-than-e...

Posted: Mar 15, 2018 11:41 PM

1. Retail watch: Shares in Sears are set to surge Thursday after the retailer reported better-than-expected fourth quarter results and a boost to profit from US tax changes.

Another major retailer -- Toys "R" Us -- has announced that it will close its doors after 70 years in business.

The iconic toy seller will shut or sell all of its 735 stores in the United States, according to court documents filed early Thursday. About 31,000 US jobs are at risk.

2. BrokenHeartMedia: San Antonio-based iHeartMedia has filed for bankruptcy after being crippled by falling revenue and piles of debt.

The company is best known for operating about 850 radio stations across the United States.

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3. Moving out: Unilever has selected the Dutch city of Rotterdam as the location of its corporate headquarters, ending nearly a century of residency in London.

The consumer goods company said in a statement Thursday that it would use Rotterdam as its sole legal home amid a broader shake up of its corporate structure.

Unilever shares will continue to be listed in London, Amsterdam and New York. The company said that its 10,000 employees in the Netherlands and the UK would not be affected.

The company owns brands including Dove and Lipton.

4. Stocks stabilize: US stock futures were inching up after a rough trading session on Wednesday.

The Dow slid 249 points, or 1%, after President Donald Trump escalated threats to clamp down on China. The S&P 500 dropped 0.6%, and the Nasdaq shed 0.2%.

European markets posted minor gains and losses in early trading. Asian markets ended mixed.

5. Earnings: Shares in German airline Lufthansa were flat after the company reported solid growth in revenue and earnings for 2017. CEO Carsten Spohr said it was "the best result in the history of our company."

Dollar General is releasing earnings before the US open. Adobe Systems and Broadcom will follow after the close.

Broadcom withdrew a $117 billion offer for its rival Qualcomm on Wednesday after Trump stopped the deal, citing national security concerns.

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6. Coming this week:

Thursday -- Broadcom earnings
Friday -- Tiffany earnings

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Alabama Coronavirus Cases

Cases: 540083

Reported Deaths: 11038
CountyCasesDeaths
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Mobile41283809
Madison35157506
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Shelby25302249
Montgomery24723593
Baldwin21411310
Lee15993172
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Morgan14425280
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Houston10648282
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Cullman9768194
Lauderdale9460243
DeKalb8865188
Talladega8341176
Walker7261278
Autauga7005108
Jackson6840112
Blount6773139
Colbert6322135
Coffee5581118
Dale4877113
Russell445738
Chilton4373113
Franklin426382
Covington4138118
Tallapoosa4044153
Escambia394877
Chambers3596123
Dallas3569153
Clarke351561
Marion3140101
Pike312077
Lawrence303098
Winston275873
Bibb264764
Geneva254178
Marengo249865
Pickens234862
Barbour232056
Hale224078
Butler219169
Fayette212862
Henry189943
Cherokee184845
Randolph182542
Monroe178141
Washington167839
Macon161350
Clay157257
Crenshaw153557
Cleburne149641
Lamar143336
Lowndes140653
Wilcox127430
Bullock123242
Conecuh110829
Coosa109228
Perry107826
Sumter105032
Greene92634
Choctaw61024
Out of AL00
Unassigned00

Tennessee Coronavirus Cases

Cases: 857055

Reported Deaths: 12312
CountyCasesDeaths
Shelby964521629
Davidson89674942
Knox51116636
Hamilton44570496
Rutherford43212437
Williamson28116217
Sumner24135349
Montgomery20402227
Wilson18907236
Out of TN1822399
Sullivan16952298
Unassigned16918134
Blount15559196
Bradley15100151
Washington14691245
Maury13545172
Sevier13451175
Putnam11437175
Madison11281241
Robertson9793132
Anderson8795171
Hamblen8632173
Greene7928156
Tipton7397104
Coffee6922123
Dickson6854113
Cumberland6769133
Carter6662158
Gibson6542146
McMinn654198
Bedford6522128
Roane6318105
Jefferson6244125
Loudon616469
Hawkins6161107
Lawrence598491
Monroe587596
Warren555581
Dyer5440106
Franklin516490
Fayette511878
Cheatham457856
Obion455096
Cocke452499
Lincoln437163
Rhea435775
Marshall420658
Campbell417463
Weakley416365
Giles4010100
Henderson380776
White368170
Carroll363483
Macon363178
Hardin358968
Hardeman353764
Henry320676
Lauderdale320244
Claiborne318873
Scott315245
Marion312847
Overton302561
Wayne297034
Hickman284746
McNairy284254
DeKalb280754
Smith278539
Haywood271562
Grainger263550
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Fentress243047
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