New York Times

Buffett Asks Big Money: Why Pay High Fees?
New York Times
Warren E. Buffett, the chairman of Berkshire Hathaway, in 2015. This year, his annual letter to Berkshire shareholders contained a harsh assessment of the hedge fund industry. Credit Kevin Lamarque/Reuters. Poof: $100 billion disappeared. That's the
Here is the full transcript of billionaire investor Warren Buffett's interview with CNBCCNBC
Warren Buffett Has Boosted His Apple, Inc. Position Nearly Tenfold in 4 MonthsMotley Fool
Warren Buffett Hints Bank of America Could Be His Next Big InvestmentFortune
Bloomberg –Seeking Alpha –Washington Post –TheStreet.com
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Business Standard

Audi, Porsche sales help Volkswagen to record underlying profit
Business Standard
Record Audi and Porsche sales helped Volkswagen swing to a record underlying profit in 2016, although a bigger than expected charge from the diesel emissions scandal meant it missed estimates for its operating profit. Sales of the German carmaker's …
VW Executive Charged in Emissions Case Says He Was a Bit PlayerNew York Times
As dieselgate scandal fades, VW races back into profitThe Express Tribune
VW's Costs Keep Adding Up From Its Worst Crisis EverBloomberg
Washington Post –New Jersey Herald –UPI.com –USA TODAY
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Washington Post

Do What Warren Does, Not What He Says
Seeking Alpha
Warren Buffett's letter with the 2016 Annual Report of Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) came out Saturday morning. I rushed to open and read it like so many millions of investors to hear the pearls of wisdom from the "Oracle of Omaha.
Warren Buffett praises 'ambitious immigrants' in annual letter to shareholdersUSA TODAY
Warren Buffett Lets Some Things Go UnsaidBloomberg
Buffett upbeat on American business; Berkshire operating profit downReuters
Washington Post –ValueWalk –Yahoo Finance –The Boston Globe
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Alton Telegraph

JCPenney to close more than 100 stores
WatertownDailyTimes.com
JCPenney Co. Inc. announced it will close 130 to 140 stores in the next few months, but repeated efforts to contact the company, Salmon Run Mall and store employees have not revealed whether the Watertown store will be among those closing its doors.
Malls face more change with JCPenney closingsSarasota Herald-Tribune
JCPenney to close locations across the countryHollandSentinel.com
Fate Of Local JCPenny Uncertain As Retailer Plans ClosuresJamestown Post Journal
Orange County Breeze –NBC Montana
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Seeking Alpha

JC Penney: A Buy Or A Sell After Friday's Drop?
Seeking Alpha
Nonetheless, the retailer's announcement of store closures and weak 2017 guidance triggered a sell-off in the stock. J.C. Penney's share price has slumped ~40 percent since December. I think J.C. Penney makes for an interesting speculative BUY.
JC Penney to close 130 to 140 stores, sales dipMarketWatch
A Strategic Mistake That Still Haunts JC PenneyForbes
JC Penney to shut 130-plus stores, offer early retirementsBusiness Insider
Allentown Morning Call –Syracuse.com –Detroit Free Press –cleveland.com
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Los Angeles Times

Feds moves in to clean up Dakota Access protest camp; thorny skate will not be on endangered list
Washington Post
The U.S. Army Corps of Engineers has moved into the evacuated Dakota Access pipeline protest camp to finish the cleanup started weeks ago by the Standing Rock Sioux Tribe. A Florida-based company has been hired to provide trash removal and …
Photos tell story of dramatic movement birthed in North DakotaBismarck Tribune
Meet the youth at the heart of the Standing Rock protests against the Dakota Access PipelineABC News
Special law wanted on pipeline protestsBlack Hills Pioneer (blog)
Reuters –Christian Science Monitor –Daily Caller –WABE 90.1 FM
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The State Journal-Register

Local business notes: Family Christian liquidation includes local store
The State Journal-Register
A more-than-two-decade tradition in the Parkway Pointe Shopping Center in Springfield is coming to an end with this week's liquidation announcement from FAMILY CHRISTIAN STORES. The not-for-profit cited changes in consumer book-buying habits and …
Family Christian Stores To Shut Down All 240 OutletsChristian Post
JC Penney Shrinks, Family Christian Closes – Economic Change Is Harsh But NecessaryForbes
Family Christian to close 240 stores after 85 yearsChristian Daily
WND.com –CBN News –WLTX.com –ChristianityToday.com
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Forbes

Elon Musk's Net Worth Falls $500 Million In Two Days Following Latest Earnings Report
Forbes
For Elon Musk, it's been a tough 48 hours in an otherwise spectacular year. On Wednesday afternoon, Musk's electric car maker, Tesla, announced its fourth-quarter and full-year financial results, beating both earnings and revenue estimates. Investors
Elon Musk Slams Tesla Union Drive, Promises Workers Free Frozen YogurtBuzzFeed News
Tesla will begin selling its solar roof this year — here's everything you need to knowBusiness Insider
The Model 3 could be the worst thing that ever happened to TeslaYahoo Finance
Auto World News –Inc.com –Eastern Daily News –CNBC
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Washington Post

A Trump voter's message to retailers: 'Keep your mouths shut about our president'
Washington Post
Mary Carson picks up her leopard-print tote bag and tugs on her leopard-print scarf. “I'm just going to do a little bit of business,” the 77-year-old says as she walks into Neiman Marcus at the Tysons Galleria in Northern Virginia and asks for the manager.
Nordstrom says Trump's tweets after Ivanka's collections were dropped didn't hurt resultsMarketWatch
Nordstrom Tightens Belt to Deal With Department-Store SlumpBloomberg
Nordstrom posts higher profits; Trump impact 'negligible'USA TODAY
CNBC –Business Insider –Huffington Post –Corpus Christi Caller-Times
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CNNMoney

Uber: We're 'absolutely not' behind smear campaign of former employee
CNNMoney
Uber said it has no part in any smear campaign against the ex-employee who alleged sexual harassment. On Sunday, former Uber engineer Susan Fowler rocked the company with a lengthy blog post detailing sexual harassment and misconduct at the …
Here's the message Uber users get when trying to delete the app over the sexual harassment scandalMashable

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