Published May 27, 2018 Markets Motley Fool Facebook Twitter Comments Print On Tuesday, struggling department store chain J.C. Penney (NYSE: JCP) made a shocking announcement. CEO Marvin Ellison is resigning from the company as of June 1 in order to take the top job at home improvement giant Lowe's (NYSE: LOW). Ellison's unexpected resignation leaves a gaping hole at the top of J.C. Penney's relatively thin leadership bench. That's not good news for a company that is still struggling to recover from a failed strategy shift under former CEO Ron Johnson. On the other hand, Ellison's move to Lowe's doesn't mean that he lost confidence in J.C. Penney's turnaround plan. Continue Reading Below A sign of failure? In the past few days, several pundits have argued that Marvin Ellison wouldn't have left J.C. Penney if he thought the company was still on the road to recovery. As a result, they see his decision to jump ship as a clear warning that J.C. Penney can't be … [Read more...] about J.C. Penney’s CEO Jumps to Lowe’s: Is the Turnaround Doomed?
Published May 27, 2018 Markets Associated Press Facebook Twitter Comments Print A strike by Brazilian truckers that has caused shortages at gas stations and supermarkets across Latin America's biggest country has entered a seventh day with no immediate solution in sight. Anger over rising diesel prices led truckers to begin striking last week and they've vowed to continue striking until the government commits itself to lowering those prices. Continue Reading Below The Folha de S. Paulo newspaper said on Sunday that the strike has resulted in nearly $3 billion in losses since it began on May 21. Police have cleared 132 of the 529 blockades truckers erected across the country, allowing trucks with emergency fuel supplies to reach army facilities and police stations. … [Read more...] about Brazilian truckers strike enters its 7th day
Published May 27, 2018 Markets Motley Fool Facebook Twitter Comments Print It's been a little over a year now since we first introduced you to Ionic Materials, the private company founded by former Bell Labs researcher Mike Zimmerman, which has invented a solid polymer lithium metal battery that you can stab with a screwdriver or cut in half with a pair of scissors -- and it won't explode, and it will keep powering your mobile device. When last we checked in, Ionic Materials had won a $3 million Advanced Research Projects Agency-Energy (ARPA-E) grant from the Department of Energy and begun "discussing potential partnerships with leading multi-national materials companies, battery manufacturers and device OEMs." It hadn't found a partner yet. Continue Reading Below But now it has. Rounding up seed money In February, Ionic Materials confirmed it had just wrapped up a Series C round of funding, attracting $65 million in investments from "financial and … [Read more...] about Fire-Safe Lithium Batteries Move Closer to Market
Published May 27, 2018 Markets ETF Trends Facebook Twitter Comments Print This article was originally published on ETFTrends.com. By Chris Skinner via Iris.xyz I’ve often been hired to run a workshop or presentation at a bank’s boardroom meeting. Usually, I’m hired by the frustrated digital guy who wants to convince the rest of the leadership team that it’s important. They don’t get digital, he or she will tell me, so you must make them understand, they plead. [...] Continue Reading Below Read more at ETFTrends.com > … [Read more...] about Is the Preference for Human or Digital Relationships?
By COREY WILLIAMS Published May 27, 2018 Markets Associated Press Facebook Twitter Comments Print People living and working near the Michigan Central Station in Detroit are excited that Ford Motor Co. is considering buying the massive old building that has sat vacant for 30 years. Ford board member Edsel B. Ford II has said the company was in talks with the train station's owner about buying it. But some locals won't believe it until they see Ford move into the 105-year-old building in Corktown, one of the Detroit neighborhoods on the upswing. Continue Reading Below Stephen Bryant is the general manager of the nearby Mercury bar. Bryant says he's heard about repurposing plans for years but won't believe it until Ford's sign is on the building. Few details about the company's interest have been made public. A spokeswoman says Ford expects to grow its presence in Detroit "and will share more details in the future." … [Read more...] about Vacant for decades, Detroit’s train station may get new life