Global shares up … France describes US global trade as ‘Wild West’ … Sears to close 72 stores
UNDATED (AP) – Global shares rose today on the back of promising Chinese data and fresh signs that Italy may avoid imminent elections after all. In early trading in Europe, France’s CAC 40 climbed 0.4 percent and Britain’s FTSE 100 index gained 0.2 percent. Germany’s DAX dropped 0.2 percent. Wall Street is set for an optimistic start, with Dow futures up 0.1 percent and the broader S&P 500 futures almost flat.
PARIS (AP) -France’s finance minister says the U.S. shouldn’t see global trade like the Wild West or the “gunfight at the OK Corral.” Bruno Le Maire called looming U.S. tariffs on European steel and aluminum “unjustified, unjustifiable and dangerous.” He reiterated European promises to respond with retaliatory tariffs. President Donald Trump says the tariffs are needed for U.S. national security.
NEW YORK (AP) -Sears is closing another 72 stores after reporting a first-quarter losses and plunging sales. The struggling retailer says it has identified about 100 stores that are no longer turning profits, and 72 of those locations will be shuttered soon. Sears Holdings Corp., based in Hoffman Estates, Illinois, lost $424 million, or $3.93 per share, in its first quarter.
LONDON (AP) – A government-backed review on gender balance in some of Britain’s biggest companies reveals a list of excuses used to explain why they’ve failed to appoint more women to the boardroom. The excuses include that women “don’t fit in” and “don’t want the hassle” of top jobs. Another suggested that “shareholders just aren’t interested in the make-up of the board, so why should we be?”
COLUMBUS, Ohio (AP) – UPS says it is looking to hire 600 workers in central Ohio as it expands operations at its two local package hubs. The company says a variety of positions are available, including full-time, part-time and seasonal tractor-trailer drivers. Wages start at $10.35 per hour for package-handlers and $18.75 an hour for drivers. The positions will be at its facilities in Columbus and Obetz. The company will host a job fair Sunday, June 3 at its Columbus location to help fill the positions.