The Nation

UPDATE 1-Ford plant turns 'cemetery' as Trump wrenches Mexican autos
Business Insider
SAN LUIS POTOSI, Mexico, Jan 6 (Reuters) – Ford Motor Co's abrupt move to scrap a planned $1.6 billion car plant in central Mexico has spooked a network of suppliers who bet on a growing customer base and dramatized the risk that Donald Trump's …
Trump's Auto BlusterWall Street Journal
Mexican Ford plant workers blame Trump for dashed dreamsSalon
Fix The Tax Code Friday: Driving Home A Border TaxForbes
New York Daily News –Bloomberg –Yahoo News –New York Times
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TechCrunch

Tim Cook's compensation not spared as Apple misses performance goals
TechCrunch
As a result of Apple's performance based executive compensation packages, CEO Tim Cook and other leaders within the company will be taking pay cuts. Apple missed internal revenue and operating income targets for 2016 by 3.7 and 0.5 percent …
Apple CEO Tim Cook's pay slumps along with iPhone salesBusiness Insider
Why is Apple Cutting Tim Cook's Pay?Fox Business
Tim Cook takes pay cut after Apple misses 2016 revenue targetsZDNet
Wall Street Journal (blog) –CNET –The Sydney Morning Herald –The Inquisitr
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Washington Post

The Limited is closing all of its 250 stores
Washington Post
The Limited has posted a message on its website saying it is closing all of its 250 stores nationwide, a move that would make the women's apparel chain the latest big-name retailer to be wounded by shoppers' growing preference for online shopping and
The Limited owner almost doubles investment, but closing all storesReuters
Limited stores closing for good SundayColumbus Dispatch
Limited closing all of its storesFort Wayne Journal Gazette
Roanoke Times (blog) –Omaha World-Herald –CBS Local –Retail Dive
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Wall Street Journal

Theranos Slashes Staff, Voids More Test Results
Wall Street Journal
Theranos Inc., facing a cash crunch, continues to cut staff and void unreliable blood-laboratory test results. The Silicon Valley company, which once promised to reshape the medical-testing industry, said it laid off 155 employees Friday. The cuts come
Theranos will shrink by almost half, laying off 155 employeesWashington Post
Troubled Theranos lays off 41 percent of employees following sanctions, lawsuitsThe Mercury News
Scandal-plagued Theranos lays off nearly half of employeesThe Hill
CNNMoney –Los Angeles Times –Vanity Fair –BuzzFeed News
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CNBC

Dow comes within a whisker of hitting 20000; S&P, Nasdaq close at all-time highs as tech pops
CNBC
U.S. equities closed higher after hitting all-time highs on Friday as the technology sector led, while investors parsed through key employment data. The Dow Jones industrial average rose about 65 points, with Goldman Sachs and Walt Disney contributing
Dow Brushes Against 20000 on Weak Jobs ReportNasdaq
Higher wages lift stocks to record highs; Dow almost touches 20000Los Angeles Times
Dow Flirts Anew With 20000 After Jobs ReportWall Street Journal
Seeking Alpha –TheStreet.com –Detroit Free Press –Washington Post
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The Boston Globe

Keurig, Budweiser team up for in-home booze machine
The Boston Globe
Sign up for the Talking Points newsletter, a recap of the most important business news, delivered fresh each afternoon, Monday through Friday. Ever dream of brewing beer with the push of a button? If so, hang on to your pint, because the parent
Keurig, Anheuser-Busch Team Up On In-Home Booze MakerCBS Local
AB InBev and Keurig Are Teaming Up to Build an At-Home Alcohol MakerFortune
Happy hour at home? Keurig, AB InBev to build personal booze makerChicago Tribune
Mashable –Bloomberg –Newsmax –Brewbound.com
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The Federalist

4 Times NYT Reported On Health Plans Nick Kristof Thinks Don't Exist
The Federalist
It wasn't a production error, but it was a fact-checking error Kristof could have corrected by simply reading the newspaper that employs him. By Mary Katharine Ham. Mary Katharine Ham. By Mary Katharine Ham. January 6, 2017. New York Times columnist …

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New York Times

How Obama's Jobs Record Stacks Up
New York Times
President Obama in February 2009 after a brutal jobs report, the first issued during his administration. Credit Ruth Fremson/The New York Times. On a Friday morning in February 2009, the Labor Department issued its standard monthly readout on the state
Job growth slows in 2016, but wages are risingLos Angeles Times
US added 156000 jobs in December; wage growth picked upWashington Post
Obama's final jobs report: Big pay gain, slower hiringBusiness Insider
Wall Street Journal –The Boston Globe –Fox News –U.S. News & World Report
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Fortune

Add JC Penney to the List of Retailers With Awful Holiday Sales
Fortune
The retailer said comparable sales, which include e-commerce and sales at stores open at least a year, fell 0.8% in November and December. Penney's report comes two days after Kohl's (kss)and Macy's (m) each reported that comparable sales fell 2.1% …
The 'Nightmare before Christmas' has claimed another retailerCNBC
It's Official: Online Holiday Sales Break Record — Tech RoundupTheStreet.com
JC Penney holiday sales drop in latest setback to sectorReuters
Business Insider –Dallas News –Youngstown Vindicator –Dallas Business Journal
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Wall Street Journal

With Craftsman Deal, Stanley Builds on Its Tool Empire
Wall Street Journal
Stanley Black & Decker Inc., which struck a deal Thursday to buy the 90-year-old Craftsman brand from Sears Holdings Inc., has spent the past seven-plus years cobbling together the biggest brands in tools. The $900 million acquisition will add Sears's …
Sears Agrees to Sell Craftsman to Stanley Black & Decker to Raise CashNew York Times
Sears sells Craftsman brand to Stanley Black & Decker for about $900 millionChicago Tribune
Sears sells Craftsman tool brand, announces store closingsTwinCities.com-Pioneer Press
CNBC –Consumerist –SFGate –Crain’s Chicago Business
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