Dec 17, 10:50 PM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury National By Pritha Paul @ZiggyZina143 12/17/18 AT 10:20 PM Two Chicago Police officers were fatally struck by a Metra train Monday while responding to the call of potential gunfire.According to sources who spoke to ABC7, the officers were responding to a call of shots fired around 6 p.m. local time (7 p.m. EST) near 103rd Street and Dauphin, when they were hit by a NICTD-Indiana South Shore train. The officers were pronounced dead at the scene. Their identities were not revealed.Chief Communications Officer of Chicago Police Anthony Guglielmi tweeted: “A devastating tragedy occurred tonight at 103rd and Cottage Grove where two #ChicagoPolice officers investigating a shots fired call were struck by a passing train. Please pray for the @ChicagoCAPS05 5th district.”The Fraternal Order of Police also confirmed the deaths of the policemen through a Facebook post. … [Read more...] about 2 Chicago Police 5th District Officers Killed By Train While On Duty
The wholesale shopping chain posted disappointing earnings on Friday. Andrew Osterland Published 4:25 pm CST, Friday, December 14, 2018 Photo: Scott Olson | Getty Images Photo: Scott Olson | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: Scott Olson | Getty Images Are Amazon and Walmart Killing Costco? 1 / 1 Back to Gallery The U.S. economy still appears to be humming, but slowing growth in the rest of the world dragged down stock prices today. U.S. core retail sales (excluding food, gas and automobiles), were up 0.9 percent in November about twice the median estimate. However, lower industrial output and retail sales in China along with weak economic data from the … [Read more...] about Are Amazon and Walmart Killing Costco?
Dec 14, 12:44 PM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury National By Susan Oliver Nelson 11/10/18 AT 3:57 PM There is no precise data on U.S. gun sales but the FBI file repository provides a good estimate through the number of background checks that it performs from the National Instant Criminal Background Check System (NICS). The NICS requires gun sellers to run the names of potential gun buyers to ensure they aren't disqualified from buying a firearm.There are gun sales that aren't subject to background checks, so those gun purchases go uncounted. The NICS statistics show there were 25,235,215 background checks in 2017, and as of October, there have been 21,245,508 background checks in 2018.Since 1998, there have been more than 230 million background checks, leading to more than 1.3 million denials.According to industry research group IBISWorld, gun sales had hit a record high of $9 … [Read more...] about How Many Guns Were Sold In The US In 2017 And 2018?
Dec 14, 12:17 PM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Leo Sun 12/14/18 AT 12:17 PM Amazon (NASDAQ:AMZN) should buy Target (NYSE:TGT) to counter Walmart's (NYSE: WMT) growth, according to Loup Ventures analyst Gene Munster. Munster floated a similar idea last year, but his firm is now doubling down on the radical suggestion.Loup Ventures admitted in a recent post that its prediction that Amazon would acquire Target in 2018 was wrong, but it still believes the combination "makes sense," primarily because Amazon "needs to acquire Target-like footprints (1,800 stores) in order to continue growing its retail presence." This article originally appeared in the Motley Fool.Would Amazon really buy Target, which has a whopping enterprise value of nearly $50 billion? Or is this simply an analyst's pipe dream?Why buying Target would make senseAmazon's biggest rival in … [Read more...] about Would Amazon Really Buy Target?
Dec 14, 12:23 PM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Rich Duprey 12/14/18 AT 12:23 PM Dick's Sporting Goods (NYSE:DKS) shot itself in the foot when earlier this year it both banned the sale of modern sporting rifles (MSR) at its Field & Stream stores and prohibited adults under 21 from buying firearms. The backlash against the retailer was so great that double-digit comparable sales declines in hunting and related categories dragged down the performance of the entire company.This article originally appeared in the Motley Fool.But rather than admit it made a mistake and reverse its policy decisions, Dick's is instead removing the hunt category altogether at 10 stores where the category is seriously underperforming and replacing it with something else, like baseball equipment. It is also considering closing down all 35 Field & Stream stores. Reverberations from the firearms industryThe decision … [Read more...] about Dick’s Sporting Goods Hunting For A Way To Grow Again