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 9:41 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

Oregon Coronavirus Cases

Data is updated nightly.

Cases: 176157

Reported Deaths: 2461
CountyCasesDeaths
Multnomah35145568
Washington23569229
Marion20282299
Clackamas15499204
Lane11722144
Jackson9984127
Umatilla798483
Deschutes721472
Linn418763
Yamhill412575
Klamath353759
Polk346452
Malheur343058
Josephine307862
Douglas305765
Benton275418
Jefferson207432
Coos198431
Columbia155426
Union141824
Lincoln130520
Wasco130228
Hood River113029
Morrow108115
Clatsop9008
Crook89119
Baker86114
Curry5999
Tillamook5833
Grant4204
Lake4147
Harney3136
Wallowa1575
Gilliam571
Sherman571
Wheeler261
Unassigned00

California Coronavirus Cases

Data is updated nightly.

Cases: 3723446

Reported Deaths: 61122
CountyCasesDeaths
Los Angeles122964123668
Riverside2976204547
San Bernardino2949734561
San Diego2753683674
Orange2691764900
Santa Clara1173172017
Kern1080131331
Sacramento1016651647
Fresno1007021646
Alameda855831477
Ventura803321002
San Joaquin717351334
Contra Costa67157782
Stanislaus605831032
Tulare49443831
Monterey43301364
San Mateo41226560
San Francisco36094529
Santa Barbara33926446
Solano32047239
Merced31289453
Sonoma29720311
Imperial27995719
Kings22781245
Placer21908283
San Luis Obispo20991257
Madera16289240
Santa Cruz15666204
Marin13868226
Yolo13572200
Shasta11747219
Butte11601196
El Dorado9797109
Napa971579
Sutter9299109
Yuba612744
San Benito598963
Lassen567924
Tehama544556
Nevada448975
Tuolumne408664
Mendocino399347
Humboldt363138
Amador362946
Lake341643
Glenn235825
Colusa220416
Calaveras206252
Siskiyou196521
Inyo141838
Del Norte12907
Mono12744
Plumas6936
Modoc4904
Mariposa4287
Trinity3985
Sierra1100
Alpine880
Unassigned440
Medford
Clear
73° wxIcon
Hi: 73° Lo: 37°
Feels Like: 73°
Brookings
Partly Cloudy
62° wxIcon
Hi: 75° Lo: 42°
Feels Like: 62°
Medford
Clear
73° wxIcon
Hi: 51° Lo: 24°
Feels Like: 73°
Medford
Partly Cloudy
73° wxIcon
Hi: 74° Lo: 38°
Feels Like: 73°
Klamath Falls
Clear
64° wxIcon
Hi: 62° Lo: 35°
Feels Like: 64°
Warm and windy Thursday
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