Global share prices mixed … WPP’s Sorrell resigns … Domino’s promises to go the distance
UNDATED (AP) – Global share prices are mixed following the weekend’s air strikes on Syria. Chinese benchmarks led declines in Asia today. Britain’s FTSE 100 was down 0.4 percent in early trading while Germany’s DAX added 0.2 percent. Japan’s Nikkei 225 index gained 0.3 percent but Hong Kong’s Hang Seng dropped 1.6 percent and the Shanghai Composite index sank 1.5 percent. Oil prices fell back from spikes last week on fears over an escalation of strife in the Middle East.
LONDON (AP) – Shares in WPP, the world’s biggest advertising company, have fallen as much as 5.6 percent amid speculation it will be broken up after the resignation of CEO Martin Sorrell. Sorrell, who built WPP into a conglomerate during his 33 years at the helm, stepped down after an investigation into allegations he misused company assets. He denies any wrongdoing.
PHILADELPHIA (AP) – The coffeehouse that sells itself as a community gathering spot and a welcoming place that offers Wi-Fi is being criticized for forcing two black men to leave a Philadelphia store. Video shows several police officers taking the two men out in handcuffs Thursday. Police Commissioner Richard Ross says the men refused to leave after they weren’t allowed to use the restroom because they hadn’t bought anything. Starbucks CEO Kevin Johnson has apologized and the men were not charged.
NEW YORK (AP) – Domino’s will now deliver to the great outdoors. The chain says its drivers will now meet customers at beaches, parks and landmarks like the Gateway Arch in St. Louis or the beaches of Siesta Key, Florida. Delivery is a key business for Domino’s, and the chain is trying to keep its advantage as fast-food rivals offer more delivery options.
WASHINGTON (AP) – The Supreme Court will hear a case Tuesday on whether to tax online orders delivered to states where the business has no brick and mortar shop or warehouse. Large retailers such as Apple, Macy’s, Target and Walmart, which have a physical presence nationwide, generally collect sales tax from customers who buy from them online. But other online sellers, from 1-800 Contacts to home goods site Wayfair, can often sidestep charging the tax.