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 16, 2018 12:41 AM

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

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 49063

Reported Deaths: 2732
CountyConfirmedDeaths
Marion11760689
Lake5276246
Elkhart340255
Allen2835133
St. Joseph200169
Cass16429
Hamilton1608101
Hendricks1425100
Johnson1296118
Porter76738
Tippecanoe7359
Clark66844
Madison66764
Bartholomew59145
Vanderburgh5876
LaPorte58326
Howard58058
Kosciusko5624
Marshall5016
Noble48528
LaGrange4779
Jackson4733
Boone45443
Delaware45252
Hancock45236
Shelby43125
Floyd38444
Morgan32731
Monroe30928
Montgomery29720
Grant29626
Clinton2902
Dubois2886
Henry28216
White26610
Decatur25432
Lawrence24825
Dearborn23823
Vigo2388
Warrick22729
Harrison21622
Greene19032
Miami1862
Jennings17712
Putnam1708
DeKalb1634
Scott1628
Daviess14817
Wayne1436
Orange13623
Perry1359
Steuben1302
Franklin1268
Ripley1247
Jasper1232
Wabash1142
Carroll1102
Fayette1037
Newton9910
Gibson982
Whitley975
Starke943
Randolph804
Huntington782
Jefferson762
Wells751
Fulton721
Jay680
Washington671
Pulaski661
Knox640
Clay604
Rush583
Owen501
Adams491
Benton480
Posey450
Sullivan451
Spencer441
Brown421
Blackford392
Crawford320
Fountain322
Tipton311
Switzerland280
Parke240
Martin220
Ohio180
Vermillion140
Warren141
Union130
Pike110
Unassigned0193

Ohio Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 60181

Reported Deaths: 2991
CountyConfirmedDeaths
Franklin10879439
Cuyahoga8277383
Hamilton6287206
Lucas2836303
Marion273639
Summit2241207
Pickaway220541
Montgomery220131
Mahoning1861239
Butler167447
Columbiana130960
Stark1156113
Lorain106468
Trumbull99774
Warren89525
Clark7809
Delaware61715
Fairfield60517
Tuscarawas58510
Belmont55522
Medina54332
Lake52920
Licking52012
Miami47531
Portage46159
Wood45251
Ashtabula43744
Clermont4317
Geauga41443
Wayne36552
Richland3515
Allen32841
Mercer2909
Greene2879
Darke25326
Erie25022
Holmes2453
Huron2282
Madison2029
Ottawa16024
Washington14020
Sandusky13814
Crawford1365
Putnam13215
Ross1323
Coshocton1302
Hardin12312
Morrow1181
Auglaize1074
Jefferson922
Union921
Monroe8917
Muskingum891
Hancock831
Preble801
Athens791
Hocking798
Guernsey763
Lawrence740
Williams722
Shelby704
Clinton680
Logan651
Fulton630
Ashland621
Carroll603
Wyandot605
Brown591
Scioto540
Defiance533
Knox531
Fayette480
Highland461
Champaign441
Van Wert420
Perry371
Seneca352
Henry320
Jackson260
Paulding260
Adams241
Pike240
Vinton222
Gallia201
Harrison121
Meigs120
Morgan110
Noble110
Unassigned00
Fort Wayne
Clear
82° wxIcon
Hi: 92° Lo: 72°
Feels Like: 86°
Angola
Broken Clouds
73° wxIcon
Hi: 90° Lo: 71°
Feels Like: 73°
Huntington
Few Clouds
79° wxIcon
Hi: 90° Lo: 72°
Feels Like: 82°
Decatur
Clear
75° wxIcon
Hi: 91° Lo: 72°
Feels Like: 75°
Van Wert
Clear
75° wxIcon
Hi: 92° Lo: 72°
Feels Like: 75°
AM Storms, Slightly Cooler Friday
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