Wednesday, March 8, 2017

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Russia Sputnik/Aleksey Nikolskyi/Kremlin via REUTERS MOSCOW Russian President Vladimir Putin on Tuesday pardoned a 46-year old woman who was sentenced to seven years in a penal colony for sending a text message to a Georgian acquaintance about the movement of Russian military equipment. An order from the president published by the Kremlin said Oksana Sevastidi, sentenced for treason in March 2016, would be relieved from completing the rest of her sentence, citing humanitarian principles. Sevastidi was found guilty of treason after she sent a text message describing the movement of a train which carried Russian military hardware near the border with Georgia's breakaway region of Abkhazia not long before a war broke out in 2008. According to an interview with Sevastidi's mother Svetlana in Russia's daily MK, the message was sent to a man who Oksana Sevastidi had only met twice and her mother has not been able to reach since. The mother said Oksana had little interest in politics but was a member of the ruling party United Russia. Sevtlana said the exchange was the man asking "Oksana, are there tanks on your platform." Oksana answered: "There were before but now I don't know." The case was criticized by rights groups, with the local group Memorial branding Sevastidi a political prisoner. Memorial, which Sevastidi had asked for help, said she was found guilty under Article 275 more tips here of Russia's criminal code. Asked whether Sevastidi had asked to be pardoned and whether she admitted wrongdoing, presidential spokesman Dmitry Peskov on Tuesday declined to answer. In December Putin promised to sort out her case, calling the court decision "quite harsh". "She wrote what she saw, what everyone saw, so that means it cannot be any big secret," he said at the time.

Just add items to create a watchlist now: S&P 500 Index (SPX) Add By Tonya Garcia , MarketWatch Getty Images Nordstrom will invest more than $3 billion in the coming years in upgrades, including tech enhancements The furor over Nordstroms decision to drop Ivanka Trumps collection, and the presidents unhappy response, didnt seem to hurt its bottom line. During the companys late-Thursday earnings call, an Evercore analyst questioned whether Trumps response helped you or hurt you at all. No, that would be negligible, said Peter Nordstrom, the companys president of merchandising, according to a FactSet transcript of the call. I think its not really discernible one way or the other. News broke early this month that Nordstrom /quotes/zigman/235890/composite JWN -2.72% would drop Ivanka Trumps collections , explaining that it was a business decision, not a political one. A Wall Street Journal report found that sales of the footwear and apparel lines tanked 32% in the last fiscal year, with declines growing as the presidential election approached. The president was not happy with the retailers decision. Nordstrom shares momentarily slipped after Trumps Terrible! tweet , but recovered in just four minutes. Nordstrom reported fourth-quarter adjusted earnings per share of $1.37 per share, beating the $1.15 FactSet consensus. Sales totaled $4.32 billion, just below the $4.35 billion FactSet estimate. Same-store sales fell 0.9%. See also: Nordstroms discount stores drive sales gains Nordstrom ends [its] fiscal year as a company of two halves: the mainstream business, which is struggling to grow; and the off-price business which, overall, is motoring along nicely, said Neil Saunders, managing director of GlobalData Retail, in a Thursday note. Same-store sales for the Nordstrom Rack business, the companys off-price retailer, increased 4.3% for the quarter.

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