Daimler launches emissions probe at DoJ request

Daimler AG said late Thursday it’s launching an internal probe at the request of the U.S. Justice Department into how it certifies emissions standards in its cars. The German carmaker said it is cooperating with authorities, which requested the probe on April 15. “Daimler will consequently investigate possible indications of irregularities and of course take all necessary actions,” the company said in a statement. The probe comes on the heels of Volkswagen’s diesel emissions scandal that broke in September.

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Charles Schwab board hikes dividend 17%

Charles Schwab Corp. said late Thursday its board hiked the company’s quarterly dividend by 17%. The new 7-cents-a-share dividend is payable May 27 to shareholders of record as of May 13. Schwab shares were unchanged at $29.13 after hours.

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Sears to close dozens of unprofitable stores this summer

Sears Holdings Corp. shares rose in the extended session Thursday after the retailer said it would close dozens of unprofitable stores this summer. Sears shares advanced 5.5% to $19 after hours. The company said it will close 68 Kmart stores and 10 Sears stores, with nearly all the closings occuring in late July, with two of the Kmarts closing in mid-September. “The decision to close stores is a difficult but necessary step as we take aggressive actions to strengthen our company, fund our transformation and restore Sears Holdings to profitability,” said Edward Lampert, Sears chairman and chief executive, in a statement.

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