Retailer Macy's Inc. announced the elimination of more than 4,500 jobs and the closure of 36 stores after disappointing sales during the holiday season.
It said Wednesday it would initiate "a series of cost-efficiency and process-improvement measures" by reducing the workforce at each of about 770 Macy's and Bloomingdale's stores, closing other stores, and offering a "voluntary separation opportunity" to some senior executives. The downsizing actions are set to begin early this year.
Macy's announces closure of 36 stores, layoffs after slow holiday sales
U.S. soldier killed, two wounded in Afghanistan
One U.S. soldier was killed during a joint U.S.-Afghan Special Operations mission in Afghanistan, two U.S. defense officials told CNN on Tuesday.
Defense officials said a medical helicopter was hit by mortar fire while on the ground but was able to take off. The incident occurred in Marjah in Helmand Province.
Periodic table's seventh row is finally complete
Chemists around the world have celebrated the New Year with the addition of four newly discovered chemical elements to the periodic table.
The new elements, which were verified by international bodies on 30 December and have been given temporary names, are the missing jigsaw pieces needed to complete the seventh row of the iconic table.
Teams of scientists from Japan, Russia and the US that uncovered the missing elements have now been invited to give permanent names to their new discoveries.
China suspends markets after stocks tank
China's major stock exchanges tanked on the first trading day of the year, triggering a "circuit-breaker" that suspended equities trade nationwide for the first time and put months of regulatory work to restore market stability at risk.
The selloff saw the CSI300 index of the largest listed companies in Shanghai and Shenzhen lose 7.0 percent before trading was suspended, its worst single-day performance since late August 2015, after a summer stock market rout.
Israel indicts Jewish extremists in deadly arson
Israel on Sunday indicted four Jewish extremists suspected in a July arson attack on a Palestinian home that killed a toddler and his parents — a case that has been unsolved for months and helped fuel the current wave of Israeli-Palestinian violence.
The long-awaited indictment follows months of investigations into a web of Jewish extremists operating in the West Bank. The indictment named Amiram Ben-Uliel, 21, as the main suspect in the attack. A minor was charged as an accessory. Yinon Reuveni, 20, and another minor were charged for other violence against Palestinians.
Mexican mayor slain one day after taking office
The mayor of a municipality in Mexico was slain by armed men inside her home on Saturday -- one day after taking office.Gisela Mota Ocampo was sworn into office Friday to lead Temixco, a city of nearly 100,000 people 60 miles south of Mexico City.
The attackers entered her house Saturday morning while her family was present and killed her in the doorway, said Alberto Capella, Morelos state security commissioner, at a press briefing.
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UK Iraq veterans 'may face prosecution'
UK soldiers who fought in the Iraq War may face prosecution for war crimes, according to the head of a unit investigating alleged abuses.
Mark Warwick said there were "lots of significant cases" and that discussions would be held over whether they met a war crimes threshold.
Lawyers are continuing to refer alleged abuse by soldiers to the Iraq Historic Allegations Team (IHAT). The Ministry of Defence said it took such allegations "extremely seriously".
Inside The Tiny Police State With Seven Armies
Forces from America, Japan, France, Germany, Italy—and soon, even China—are crammed into the dirt-poor Djibouti. Good luck asking the locals if they like all the attention.
There’s a smell of sewage out on the beaches outside, juxtaposed with tangerine, sunset views glimmering atop the murky waves. Looking southward across the warm waters of the Gulf of Aden, whale sharks congregate en masse to feed in the fall and winter.
Putin names United States among threats in new Russian security strategy
A new appraisal names the United States as one of the threats to Russia's national security for the first time, a sign of how relations with the west have deteriorated in recent years.
The document, "About the Strategy of National Security of Russian Federation", was signed by President Vladimir Putin on New Year's Eve. It replaces a 2009 version, endorsed by then- President Dmitry Medvedev, the current prime minister, which mentioned neither the United States not NATO.
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