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Sat
01
Sep
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The Aftermath: Hurricane Isaac 2012

 

With the remnants of Hurricane Isaac retreating from the Gulf Coast north, leaving massive devastation in their wake, piles of dead nutria - large semiacquatic rodents have been spotted littering the shore in Waveland, Mississippi, on Friday.   But perhaps one of the most striking images to have come out of the natural disaster was the sight of tombstones and caskets from an above-ground cemetery floating among the debris.  Dozens of damaged headstone were spotted sitting washed atop a levee by flood waters after a breach in Braithwaite, Louisiana. The breach occurred as Isaac made landfall Tuesday night.

Fri
31
Aug
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Sears Ousted From S&P 500

 

Sears Holding Company has had its membership in the S&P 500 revoked.

The ailing retailer, which owns Sears and K-Mart chains as well as apparel brand Land's End, will exit the index at the close of trading on Tuesday, Sept. 4, said S&P late Wednesday.

S&P said the number of Sears shares available to the public, known as its public float, has long been below the 50% threshold needed to be considered "representative of the index."

Sears chairman Edward Lampert, founder of hedge fund ESL Investments, controls 62% of the company's shares.

 

Sears has been a member of the S&P 500 index since it was founded in 1957. Before that, it had been a component of the Dow Jones industrial average, which it had joined in 1924 (and left in 1999).

S&P said Sears will be replaced by LyondellBasell, a chemicals company based in The Netherlands.

Fri
31
Aug
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Mall Shooting Leaves Three Dead In New Jersey

 
Police in New Jersey have reportedly shot and killed a man suspected of being involved in a deadly shootout inside a shopping plaza this morning.
Law enforcement officials say the three dead include the alleged gunman,according to WABC-TV.
Police responded to shots fired inside the Pathmark supermarket on Route 9 in Old Bridge, N.J., just before 4 a.m. There was a confrontation with the alleged gunman, WABC reported. There's no word on his motive.
Several employees were inside the store, which was preparing to open at 6 a.m. Two windows near the entrance to the Pathmark have been shot out.
Numerous employees were taken across the street to a T.G.I. Friday's.
The scene is now under control, according to WABC, and there are emergency responders in the plaza parking lot who have been standing in front of the store for the past hour.

Fri
31
Aug
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West Houston Retailers Enjoy Back To School Surge Along With Rest of The Nation

 

Shoppers hit the malls for back-to-school shopping in August and handed retailers a healthy boost in sales despite continued worries about the job market and a sluggish economy.

With many Southland schools already starting their fall terms and more opening in the next few weeks, retailers have aggressively pushed promotions to encourage shoppers to scoop up backpacks, clothes and notebooks. Analysts say brisk sales during back-to-school months are an encouraging sign for the upcoming holiday season.

Major chain stores posted a 3.6% sales increase in August compared with a year earlier, outpacing analysts' expectations of a 2% rise, according to Thomson Reuters' tally of 17 retailers.

"August was an excellent month for retailers," said Ken Perkins, founder of Retail Metrics Inc. "Back-to-school sales were really a driving catalyst to one of the highest sales increases we have seen in a year or so."

Fri
31
Aug
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Apple vs. Samsung Summary of Legal Lockup

 

Apple Inc. of the U.S. and Samsung Electronics Co. of South Korea are embroiled in legal battles in 10 nations over intellectual property, spanning dozens of cases. Here are details of some of the bigger legal fights:

— In the U.S., Apple scored a major victory on Aug. 24 when a jury found Samsung had "willfully" copied Apple's iPhone and iPad, and awarded Apple $1 billion in damages. Apple is now requesting eight Samsung products be banned from the U.S. market. A hearing was rescheduled for Dec. 6.

— In South Korea, the court on Aug. 24 dismissed Apple's claim that Samsung copied the look and feel of the iPhone and the iPad in a ruling widely seen as a victory for Samsung. Still, the judges issued bans on some Samsung and Apple products. It found that Apple illegally used Samsung's wireless technology while Samsung violated Apple's patent related to the way mobile devices notify users when an image reaches to the end.

Fri
31
Aug
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Mitt Romney Accepts Republican Nomination

Romney Speech

 

TAMPA—Mitt Romney accepted the Republican presidential nomination by making an appeal to Americans disappointed in President Barack Obama's tenure in the White House, arguing he can usher in the change Obama promised in 2008 but has failed to deliver.

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