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34 retailers likely to close or go broke before the end of 2017

ajc.com

34 retailers likely to close or go broke before the end of 2017

- F&D’s research has identified 34 retailers suffering from poor sales and too much overhead that it says will likely announces more store closures en masse or bankruptcy filings before the year is out. Shopko National Stores Charming Charlie Fresh Market Bloomin’ Brands Ascena Tailored Brands Rent-A-Center Bravo Brio Trans World Fred’s Rite-Aid Conn’s Tuesday Morning Guitar Center GNC Neiman Marcus Toys R Us Sears Hometown J

Categories: Business | 
Tags: Markets |  Retail Markets | 
Places: Americas |  North America |  United States |  South |  Atlantic |  Georgia | 

Arena scores its biggest ticket sale revenues ever

herald-dispatch.com

Arena scores its biggest ticket sale revenues ever

- HUNTINGTON - After having five sold-out concerts and several other successful events, the Big Sandy Superstore Arena & Convention Center in downtown Huntington will finish the current fiscal year with the highest gross ticket sales in its 40-year history. Events at the arena will have generated ticket sales estimated at more than $3.6 million during the 2017 fiscal year that ends June 30, surpassing the previous high of $2

Categories: Business | 
Tags: Corporate |  Enterprises |  Sales | 
Places: Americas |  North America |  United States |  South |  Atlantic |  West Virginia |  Huntington | 

Mother of Uber CEO Travis Kalanick killed in boat accident

washingtonpost.com

Mother of Uber CEO Travis Kalanick killed in boat accident

- FRESNO, Calif. — The mother of the CEO of the ride-hailing company Uber died in a boat accident in a California lake, the company said. Bonnie Kalanick, 71, died after the boat she and her husband, Donald, 78, were riding in hit a rock in Pine Flat Lake and sank, Fresno County authorities said. They are the parents of Travis Kalanick, 40, who founded Uber in 2009

Categories: Business |  Society & Culture | 
Places: Americas |  North America |  United States |  South |  Southcentral US |  Texas |  West |  Pacific |  California |  Central |  San Joaquin |  Fresno |  Travis | 

Can't kick the habit? Springfield's Valley Venture Mentors startup can help by predicting when you'll go for the next smoke

masslive.com

Can't kick the habit? Springfield's Valley Venture Mentors startup can help by predicting when you'll go for the next smoke

- SPRINGFIELD -- Smokers, and all people as it turns out, are pretty predictable. Where a smoker is, who the smoker is with, what that smoker is doing and the time of day determine if that smoker will light up a cigarette. Lumme, an Amherst startup business founded by University of Massachusetts computer scientists and electrical engineers, uses all those behaviors as predictors

Categories: Business | 
Tags: Enterprises |  Start-ups | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Massachusetts | 

Businessman faked drug test results, allowing clients to keep using, police say

deseretnews.com

Businessman faked drug test results, allowing clients to keep using, police say

- ST. GEORGE — The owner of a private probation company has been charged with passing one of his clients on all of her drug tests — even though police say she was still heavily using drugs — and then lying about it in court. That woman also told authorities that she knows of others who paid to be supervised by the same company because they knew they could continue using drugs while on probation and get away with it, according to court documents

Categories: Business | 
Tags: Corporate |  Enterprises |  Customers | 
Places: Americas |  North America |  United States |  West |  Mountain |  Utah | 

Ford's new CEO is a man who can connect

freep.com

Ford's new CEO is a man who can connect

- Ford has named Jim Hackett as its next CEO, replacing longtime Ford star executive Mark Fields, according to media reports. Elissa Robinson/ DFP. Buy Photo. David Kelley tells a story that he says gives some insight into new Ford CEO Jim Hackett’s persona. Hackett had invited Kelley, a legendary engineering designer and one of Hackett’s longtime business associates, to the Michigan-Ohio State game at the Big House in 2015

Categories: Business |  Motoring | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan | 

Tax credits for charitable contributions up for debate in Lansing

freep.com

Tax credits for charitable contributions up for debate in Lansing

- Buy Photo. LANSING — Michigan taxpayers have been without tax credits for charitable donations since 2011, but some Republicans in the Senate are hoping to restore the credits. They've introduced bills that would restore the tax credits for donations to community colleges and universities, public radio and television, community foundations, food banks and shelters, museums and the expenses associated with adoption

Categories: Politics & Government |  Business | 
Tags: Taxes |  Money |  Credit |  Taxation |  Tax credits | 
Places: Americas |  North America |  United States |  Midwest |  East |  Illinois |  North |  Cook |  Chicago Metro | 

Texas lawmakers OK budget but 'bathroom bill' still in limbo

newsobserver.com

Texas lawmakers OK budget but 'bathroom bill' still in limbo

- Texas will keep spending $800 million on border security while putting little new money into public schools, maintaining therapy cuts for disabled children and easing handgun license fees as the Republican-led Legislature approved a new state budget Saturday. The $217 billion spending bill sent to Republican Gov. Greg Abbott will likely be a quiet footnote to a rancorous legislative session that ends Monday — upended by a "bathroom bill" targeting transgender people and an immigration crackdown on so-called "sanctuary cities

Categories: Business | 
Tags: Money |  Expenditure |  Money Management | 
Places: Americas |  North America |  United States |  South |  Atlantic |  North Carolina |  Southcentral US |  Texas | 

Discomforts in the air start with Wall Street’s push for profit

seattletimes.com

Discomforts in the air start with Wall Street’s push for profit

- When an unlucky passenger was violently dragged off a full United Airlines flight in Chicago in April, setting off a public-relations nightmare for the company, the blame naturally fell on the cabin crew, police and eventually airline executives. But ultimately, the episode was set in motion elsewhere — on Wall Street. Relentless pressure on corporate America is creating an increasingly Dickensian experience for many consumers as companies focus on maximizing profit

Categories: Business | 
Tags: Corporate |  Enterprises |  Profits | 
Places: North America |  United States | 

Firms reject Einhorn call for dual share stock at GM

detroitnews.com

Firms reject Einhorn call for dual share stock at GM

- Two shareholder advisory firms have recommended support for current General Motors Co.board members and against creating a dual share class, proposals advanced by activist investor David Einhorn to boost the automaker’s stock. “The dissident has not made a compelling case that change at the board level focusing on the implementation of its proposal is warranted,” Institutional Shareholder Services wrote in a report released Friday

Categories: Business |  Motoring | 
Tags: Corporate |  Enterprises |  Shareholders | 
Places: Americas |  North America |  United States | 

Billionaire CEO Warren Buffett's California beach house is on sale for $11 million—take a look inside

cnbc.com

Billionaire CEO Warren Buffett's California beach house is on sale for $11 million—take a look inside

- Warren Buffett famously still lives in the Omaha, Neb., home he bought in 1958 for $31,000. (Now its property taxes are almost that much.) But at the urging of his late wife, Susie, Buffett also bought a beachfront vacation home in Laguna Beach, Calif., in 1971 for $150,000. This year, he put that mansion on the market for $11 million. That's just a drop in his $74

Categories: Business | 
Tags: Money |  Wealth |  Billionaires |  Warren Edward Buffett | 
Places: Americas |  North America |  United States |  Midwest |  West |  Nebraska |  West |  Pacific |  California |  South |  Coast |  Los Angeles |  Orange |  Laguna |  Omaha |  Douglas | 

Uber CEO Travis Kalanick's mother dies in a boating accident, and his father is injured

cnbc.com

Uber CEO Travis Kalanick's mother dies in a boating accident, and his father is injured

- Bonnie Kalanick, the mother of Uber CEO Travis Kalanick, died on Friday evening as a result of injuries sustained in a boating accident near the waters of Fresno, California. In a letter distributed to company employees by Uber on Saturday, both of Kalanick's parents were on a boat near Fresno. Uber did not disclose the nature of the accident, but called it an "unthinkable tragedy

Categories: Business |  Society & Culture | 
Places: Americas |  North America |  United States |  West |  Pacific |  California |  Central |  San Joaquin |  Fresno | 

GM says ISS advises against Greenlight share plan, board nominees

cnbc.com

GM says ISS advises against Greenlight share plan, board nominees

- General Motors Co said on Saturday that proxy advisory firm Institutional Shareholder Services has recommended that shareholders vote against a slate of directors proposed by hedge fund Greenlight Capital and reject the hedge fund's plan to divide GM shares into two classes. The advice from ISS is a setback for Greenlight and its manager David Einhorn. They have said GM shares are undervalued and would be more attractive if the company divided its common stock into shares that pay a dividend and shares that would reflect the automaker's growth potential

Categories: Business | 
Places: Americas |  North America |  United States | 

Chipotle says customer credit card data stolen from most stores

idahostatesman.com

Chipotle says customer credit card data stolen from most stores

- People who ate at Chipotle Mexican Grill restaurants should keep an eye on their credit and debit card statements. Hackers stole customer credit card numbers between March and April from Chipotle locations around the country, the company has announced. Chipotle said the company found malicious software stealing credit card data from it’s point-of-sale system between March 24 and April 18. Company spokesman Chris Arnold told USA Today that the data breach affected most of Chipotle’s 2,249 restaurants

Categories: Business | 
Tags: Corporate |  Enterprises |  Money |  Credit Cards |  Credit |  Customers | 
Places: Americas |  North America |  United States |  West |  Mountain |  Idaho | 

US rig count rises 7 this week to 908

trib.com

US rig count rises 7 this week to 908

- HOUSTON — The number of rigs exploring for oil and natural gas in the U.S. rose by seven this week to 908. A year ago, 404 rigs were active. Houston oilfield services company Baker Hughes said Friday that 722 rigs sought oil and 185 explored for natural gas this week. One was listed as miscellaneous. Colorado added five rigs while Alaska, New Mexico, North Dakota and Oklahoma each gained one

Categories: Business | 
Places: Americas |  North America |  United States |  West |  Mountain |  Wyoming | 

CEO Kashkari has Minneapolis Fed reaching deep into the community

startribune.com

CEO Kashkari has Minneapolis Fed reaching deep into the community

- Neel Kashkari, president of the Minneapolis Federal Reserve Bank has not tread softly in his first 16 months on the job. Kashkari, who was hired by the Minneapolis Fed board in January 2016, tweets, at times irreverently, about economic policy and irks big bankers with occasional criticism of management or his solution for preventing more federal bailouts. He challenges Wall Street, where he once labored, to put more skin in the game

Categories: Business | 
Places: Americas |  North America |  United States | 

With increasing acrimony, Buffalo Wild Wings and activist investor head for final showdown

startribune.com

With increasing acrimony, Buffalo Wild Wings and activist investor head for final showdown

- On a Tuesday last May, five days after Buffalo Wild Wings held its annual meeting with shareholders, a San Francisco investment firm called to say it had purchased a sizable number of shares and wanted to meet executives. This Friday, at the annual meeting, that investment firm wants shareholders to support its plan to effectively take control of the Golden Valley-based company, which has 1,250 restaurants and $2 billion in annual sales

Categories: Business | 
Tags: Corporate |  Enterprises |  Finance |  Investments |  Investors |  Shareholders | 
Places: Americas |  North America |  United States | 

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  • 34 retailers likely to close or go broke before the end of 2017
    34 retailers likely to close or go broke before the end of 2017

    , ajc.com

    F&D’s research has identified 34 retailers suffering from poor sales and too much overhead that it says will likely announces more store closures en masse or bankruptcy filings before the year is out. Shopko National Stores Charming Charlie Fresh Market Bloomin’ Brands Ascena Tailored Brands Rent-A-Center Bravo Brio Trans World Fred’s Rite-Aid Conn’s Tuesday Morning Guitar Center GNC Neiman Marcus Toys R Us Sears Hometown J

    Categories: Business | 
    Tags: Markets |  Retail Markets | 
    Places: Americas |  North America |  United States |  South |  Atlantic |  Georgia | 

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