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 11:41 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

Minnesota Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 88721

Reported Deaths: 2015
CountyConfirmedDeaths
Hennepin25628921
Ramsey10410318
Dakota7048125
Anoka5664132
Stearns371523
Washington352655
Scott238633
Olmsted226327
Nobles192616
Blue Earth15786
Wright15087
Carver13307
St. Louis131733
Rice12978
Mower12744
Clay123240
Sherburne107814
Kandiyohi9182
Winona84318
Lyon6384
Steele5162
Freeborn5113
Benton5003
Watonwan4984
Nicollet49616
Todd4732
Le Sueur4434
McLeod4402
Chisago4331
Waseca4258
Crow Wing41918
Otter Tail3794
Beltrami3714
Goodhue3249
Martin3049
Itasca27113
Polk2704
Isanti2440
Becker2422
Pine2390
Douglas2361
Carlton2351
Cottonwood2160
Pipestone2099
Morrison1951
Dodge1900
Chippewa1891
Unassigned18752
Sibley1763
Meeker1712
Wabasha1700
Brown1682
Murray1522
Yellow Medicine1482
Rock1460
Mille Lacs1413
Faribault1300
Redwood1290
Jackson1281
Renville1256
Cass1233
Swift1111
Roseau1100
Pennington1081
Houston1070
Fillmore1050
Kanabec1038
Koochiching1033
Lincoln1010
Stevens911
Pope860
Hubbard760
Aitkin701
Big Stone660
Wadena620
Grant574
Wilkin553
Lake530
Norman510
Marshall481
Mahnomen451
Lac qui Parle430
Red Lake370
Traverse290
Clearwater250
Lake of the Woods201
Kittson120
Cook60

Iowa Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 79506

Reported Deaths: 1256
CountyConfirmedDeaths
Polk15227256
Johnson498527
Woodbury494461
Black Hawk433686
Linn3762106
Story327917
Scott276527
Dubuque276040
Dallas267538
Pottawattamie197637
Buena Vista194112
Marshall175934
Sioux13203
Wapello125757
Webster118914
Clinton106218
Muscatine106052
Plymouth103420
Crawford9944
Cerro Gordo99321
Warren9276
Jasper75632
Des Moines7377
Marion7074
Tama68731
Carroll6305
Henry6034
Lee5947
Wright5621
Dickinson4836
Bremer4637
Boone4627
Washington43011
Louisa42515
Mahaska33619
Franklin33517
Delaware3293
Hamilton3143
Floyd2963
Jackson2963
Winneshiek2935
Clay2883
Benton2811
Hardin2761
Winnebago26611
Butler2582
Clarke2553
Emmet25210
Jones2433
Poweshiek2438
Allamakee2425
Shelby2421
Lyon2413
Buchanan2351
Clayton2303
Cedar2191
Guthrie2175
Kossuth2170
Sac2090
Chickasaw2070
Grundy2012
Madison2012
Fayette1871
Cherokee1852
Howard1825
Iowa1821
Mitchell1810
Harrison1772
Hancock1722
Humboldt1713
Calhoun1692
Mills1651
Palo Alto1590
Pocahontas1512
Monroe14610
Page1410
Lucas1386
Jefferson1331
Monona1321
Cass1292
Osceola1250
Appanoose1203
Union1203
Taylor1191
Davis1134
Van Buren1091
Worth1020
Ida960
Keokuk901
Montgomery865
Greene840
Fremont820
Wayne812
Adair641
Audubon591
Decatur580
Ringgold412
Adams280
Unassigned230
Rochester
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