PROFILE
FROM Jane Hali
Gap to Close 174 Stores in Search of Profits Nevermind the Cardinals; maybe the Gap should be stealing trade secrets from H&M and Forever 21. Gap says it’s closing 175 stores, a quarter of its retail outlets, in an attempt to become more profitable. The brand that defined preppy cool in the ‘80s and ‘90s has been struggling recently to compete with trendier, cheaper stores. Why can’t it keep up?
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Why did Jared Kushner want a back channel with Russians? News broke Friday that President Trump’s son-in-law and senior advisor, Jared Kushner, tried setting up a back channel between the Trump transition team and the Russian government. What are the consequences for Kushner, President Trump, and the investigation into Russian meddling?
Accusations of lying fly between James Comey and White House During his testimony Thursday, former FBI Director James Comey accused President Trump and other White House officials of lying when they said the FBI was in disarray and its staff had lost confidence in him. President Trump’s lawyer said Comey was wrong -- that the president never asked for his loyalty, and never asked him to back off the investigation into former NSA director Michael Flynn.
Previewing James Comey's blockbuster testimony Former FBI director James Comey testifies Thursday in front of the Senate Intelligence Committee, but his opening statement has been released. In it, he says he felt pressured by Donald Trump to declare loyalty to him and publicly clear him of any wrongdoing in the Russia investigation.