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Sears begins exploring sale of Kenmore, other divisions

UPDATED: Mon., May 14, 2018, 4:14 p.m.

Sears is considering selling its popular Kenmore appliance brand and other divisions after the hedge fund run by CEO Edward Lampert expressed interest in buying them and breaking up the company.

Marijuana growers diversify with hemp amid CBD boom

Applications for state licenses to grow hemp – marijuana’s non-intoxicating cousin – have increased more than twentyfold since 2015, and Oregon now ranks No. 2 behind Colorado among the 19 states with active hemp cultivation. The rapidly evolving market comes amid skyrocketing demand for a hemp-derived extract called cannabidiol, or CBD, seen by many as a health aid.

Business Beat

Banking Spokane Federal Credit Union has announced three promotions. Jon Maroni has been promoted to business development officer from consumer/real estate loan officer. Shelly Roberts, who has been with the credit union since 1987, has been promoted to member service analyst from operations supervisor. Ed Bedell has been promoted to member experience supervisor from business development officer. He was hired in 2013.

Motley Fool: Booking profits

With solid economic conditions across much of the globe and a rising interest in travel, the outlook for the industry is bright, and Booking Holdings has established itself as a key growth leader.

Week Ahead

Tuesday Free Tax Workshop for Small Business Owners - Participants will learn about Washington excise taxes, reporting classifications, deductions, tax incentives, sales tax collection and record-keeping requirements. Attendees receive a workbook and reference guide to related rules and regulations. Presented by the Washington State Department of Revenue. To register, call (509) 327-0200. Tuesday, 9-11:45 a.m., Rock Pointe III, third-floor conference room A, 1330 N. Washington St., free.

Wells Fargo’s growth ban won’t end until vote of full Fed Board

UPDATED: Fri., May 11, 2018, 7:39 p.m.

Unprecedented growth restrictions imposed on Wells Fargo will stay in place until the Federal Reserve’s board agrees the bank has made enough progress in fixing flaws that led to customer-abuse scandals over the past two years, Fed Chairman Jerome Powell said in a letter to Sen. Elizabeth Warren.

Walmart acknowledges labor violations, permits union logos

UPDATED: Fri., May 11, 2018, 5:38 p.m.

Walmart has settled a long-running battle with labor activists over the punishment of workers who claimed they were mistreated by managers for supporting efforts to organize by wearing union insignia.

U.S., Emirates strike deal resolving airline spat

UPDATED: Fri., May 11, 2018, 11:14 a.m.

The United States and the United Arab Emirates have signed a deal resolving a years-old spat over alleged unfair competition in the U.S. by Emirati national carriers.

Starbucks tells employees: Let anyone use the restroom

UPDATED: Fri., May 11, 2018, 7:39 p.m.

Starbucks has told employees to let anyone use the restroom, even if they haven’t bought anything, as it reviews its policies and tries to restore its reputation after the arrest of two black men at a coffee shop in Philadelphia.

Symantec stock plunges on internal investigation

Shares of the security software company Symantec are plunging 30 percent at the opening bell after the company revealed an internal investigation that could delay its annual report.

Trump’s prescription to reduce drug prices takes small steps

UPDATED: Fri., May 11, 2018, 10:10 p.m.

President Donald Trump’s long-awaited plan to bring down drug prices, unveiled Friday, will mostly spare the pharmaceutical industry he previously accused of “getting away with murder” and instead focus on increasing private competition and requiring more openness about costs.