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The top US diplomat in Ukraine, Bill Taylor, told Congress in new testimony Wednesday that President Donald Trump cared more about an investigation of former Vice President Joe Biden than he did about Ukraine.Taylor on Wednesday revealed in his opening statement he'd learned additional information, testifying at the first House impeachment hearing that his staff was told the President's interest in Ukraine was the "investigations of Biden."Taylor testified that an aide told him of a phone conversation Trump had with US Ambassador to the European Union 570
The year 2018 was a tale of two stories: a year of record-breaking holiday sales and a year of retailers filing for bankruptcy. According to the Mastercard Spending Pulse report, brick and mortar stores saw a 5 percent increase in sales compared to last year. There was a 19 percent increase for online sales. However, it was also year big retailers like Sears filed for bankruptcy, and Toys-R-Us closed its stores. “Weak retailers are closing,” says marketing professor Darrin Duber-Smith. “It just takes them forever to close.” What does this mean for retailers as we head into 2019? “If the retailers that are in trouble--the ones that are kind of running out of cash, the ones that really look like they're going out of business--if they don't have a good holiday season, they're pretty much dead in the water in the first couple of quarters,” Duber-Smith explains. Despite an increase in holiday sales overall, department stores struggled. Sales were reportedly down 1.3 percent this holiday season. J.C. Penny’s stock fell below a share for the first time last week. Lord & Taylor and Saks Fifth Avenue have been shutting down some of their flagship stores, and Nieman Marcus has big debt coming due in 2020 and 2021. Duber-Smith says debt is a make or break. “These brands that are saddled with so much debt aren't able to invest in their companies,” he explains. “They're not able to invest in marketing. They're not able to invest in e-commerce.” E-commerce is key. Online sales growth for department stores grew 10.2 percent, but Amazon is still king when it comes to online retailers. That's why some stores have decided to work with the retail giant. “Best Buy was left for dead,” Duber-Smith explains. “Now, they have a partnership with Amazon where you can try the products in-store and buy it on Amazon. But now, Best Buy get a piece of that action.”Survival for some retailers means finding creative ways to thrive in an ever-changing retail landscape. 1990
The Trump campaign filed a libel lawsuit against The New York Times on Wednesday, claiming that the paper made "false and defamatory" statements against the president by publishing an opinion piece by journalist Max Frankel. 236
The staff at Deadspin, a sports news blog that also covers culture, media and politics, revolted on Tuesday after management told the site's employees to steer clear of stories that do not have a connection to sports.Instead of heeding management's mandate, staffers filled Deadspin's homepage on Tuesday morning with non-sports stories that had been popular in the past, seemingly a nod to their argument that stories that are not strictly about sports have been favorites of Deadspin's regular readers. Perhaps most telling among the selections was "The Adults In The Room," an 592
The U.S. Food and Drug Administration is warning dog owners of a possible link between certain dog food brands and a serious form of canine heart disease.The 169