About 17,000 AT&T wireline technicians and call center employees went on strike in California and Nevada today while filing an unfair labor charge to the National Labor Relations Board (NLRB) alleging that AT&T violated federal law.
“The company has shown disrespect to the bargaining process by changing the work assignments of workers without bargaining as required by federal law,” the Communications Workers of America (CWA) union said in its strike announcement. “Further, AT&T reneged on an agreement to resolve the dispute without any explanation.”
The CWA said that AT&T “is asking its workers to do more for less—keeping them from their families with unpredictable overtime, undercutting pay and advancement, offshoring good jobs, and pushing more health care costs onto employees.”
Kudos to Sears Holdings Corp. (SHLD) for finally admitting what everyone already knew: it’s almost dead.
As TheStreet broke the news on Twitter Tuesday evening, Sears indicated in its newly filed annual report that “substantial doubt exists related to the company’s ability to continue as a going concern.” For those clickbait-loving headline writers out there with no financial services training: what Sears essentially said is that yes, it’s unsure if it could stay in business. Well, duh.
Sears’ cash position has melted from a high point of $1.7 billion for the 2009 calendar year to a mere $286 million to close out 2016. Revenue hasn’t grown since the credit boom lifted all ships in retail in 2006. The company hasn’t generated cash flow from its operations since 2006.
The world’s happiest – and saddest – countries Happiest Least happy 1. Norway 146. Yemen 2. Denmark 147. South Sudan 3. Iceland 148. Liberia 4. Switzerland 149. Guinea 5. Finland 150. Togo 6. Netherlands 151. Rwanda 7. Canada 152. Syria 8. New Zealand 153. Tanzania 9. Australia 154. Burundi 10. Sweden 155. Central African Republic
In his recent speech, President Trump said he had promised that “dying industries will come roaring back to life” – and then highlighted the boost he gave one such industry by blocking an environmental regulation “that threatens the future and livelihoods of our great coal miners.”
The move Trump referred to stopped an environmental rule meant to protect streams from pollution stemming from mining.
The company said that about 5,000 positions nationwide will be affected by the closures, most of which will occur in June.
Below is the list of stores slated to close Mall/Shopping Center City State Auburn Mall Auburn AL Tannehill Promenade Bessemer AL Gadsden Mall Gadsden AL Jasper Mall Jasper AL Military Plaza Benton AR Chickasaw Plaza Blytheville AR Riverview Mall Bullhead City AZ Downtown Bishop Bishop CA Sunwest Plaza Lodi CA The Village at Orange Orange CA Hilltop Mall Richmond CA Fort Morgan Main St. Fort Morgan CO Glenwood Springs Mall Glenwood Springs CO St. Vrain Centre Longmont CO Broadway Plaza Sterling CO Connecticut Post Mall Milford CT Jacksonville Regional Shopping Center Jacksonville FL Palatka Mall Palatka FL Dublin Mall Dublin GA Macon Mall Macon GA Milledgeville Mall Milledgeville GA Gateway Plaza Thomasville GA Tifton Mall Tifton GA Downtown Decorah Decorah IA Crossroads Mall Fort Dodge IA Penn Central Mall Oskaloosa IA Quincy Place Ottumwa IA Snake River Plaza Burley ID Eastland Mall Bloomington IL Fulton Square Canton IL Village Square Mall Effingham IL Freestanding Macomb IL Peru Mall Peru IL Northland Mall Sterling IL Centerpointe of Woodridge Woodridge IL FairOaks Mall Columbus IN Connersville Plaza Connersville IN Huntington Plaza Huntington IN Jasper Manor Center Jasper IN Logansport Mall Logansport IN Chanute Square Chanute KS Downtown Great Bend Great Bend KS Hutchinson Mall Hutchinson KS Freestanding Lawrence KS Winfield Plaza Winfield KS Cortana Mall Baton Rouge LA Park Terrace DeRidder LA North Shore Square Slidell LA Berkshire Mall Lanesborough MA Easton Marketplace Easton MD Rockland Plaza Rockland ME Lakeview Square Mall Battle Creek MI Delta Plaza Escanaba MI Westshore Mall Holland MI Copper Country Mall Houghton MI Birchwood Mall Kingsford MI Midland Mall Midland MI Cascade Crossings Sault Ste. Marie MI Central Lakes Crossing Baxter MN Five Lakes Centre Fairmont MN Faribo West Mall Faribault MN Irongate Plaza Hibbing MN Hutchinson Mall Hutchinson MN Red Wing Mall Red Wing MN Downtown Thief River Falls Thief River Falls MN Freestanding Winona MN Maryville Center Maryville MO Leigh Mall Columbus MS Southgate Plaza Corinth MS Greenville Mall Greenville MS Bonita Lakes Mall Meridian MS Oxford Mall Oxford MS Capital Hill Mall Helena MT Sidney Main Street Sidney MT Albemarle Crossing Albemarle NC Boone Mall Boone NC Eastridge Mall Gastonia NC Blue Ridge Mall Hendersonville NC Monroe Crossing Monroe NC Becker Village Mall Roanoke Rapids NC Prairie Hills Mall Dickinson ND Buffalo Mall Jamestown ND Downtown Wahpeton Wahpeton ND Fremont Mall Fremont NE Downtown McCook McCook NE Platte River Mall North Platte NE Rio Grande Plaza Rio Grande NJ The Boulevard Las Vegas NV Dunkirk-Fredonia Plaza Dunkirk NY Westfield Sunrise Massapequa NY Palisades Center West Nyack NY Findlay Village Mall Findlay OH New Towne Mall New Philadelphia OH Richmond Town Square Richmond Heights OH St. Mary’s Square St. Marys OH Altus Plaza Altus OK Ne-Mar Shopping Center Claremore OK Ponca Plaza Ponca City OK Pioneer Square Shopping Center Stillwater OK Astoria Downtown Astoria OR Grants Pass Shopping Center Grants Pass OR La Grande Downtown La Grande OR Downtown Pendleton Pendleton OR The Dalles Main Street The Dalles OR Columbia Mall Bloomsburg PA Clearfield Mall Clearfield PA King of Prussia Mall King of Prussia PA Philadelphia Mills Philadelphia PA Bradford Towne Centre Towanda PA Lycoming Mall Pennsdale PA Willow Grove Park Willow Grove PA Citadel Mall Charleston SC Town ‘N Country Easley SC Palace Mall Mitchell SD Northridge Plaza Pierre SD Watertown Mall Watertown SD Yankton Mall Yankton SD Greeneville Commons Greeneville TN Knoxville Center Knoxville TN County Market Place Union City TN Athens Village Shopping Center Athens TX Borger Shopping Plaza Borger TX Heartland Mall Early TX El Paso Downtown El Paso TX Marshall Mall Marshall TX McAllen Downtown McAllen TX University Mall Nacogdoches TX King Plaza Shopping Center Seguin TX Bosque River Center Stephenville TX New River Valley Mall Christiansburg VA Tanglewood Mall Roanoke VA Pilchuck Landing Snohomish WA Pine Tree Mall Marinette WI Marshfield Mall Marshfield WI Richland Square Shopping Center Richland Center WI Rapids Mall Wisconsin Rapids WI Foxcroft Towne Center Martinsburg WV Downtown Sheridan Sheridan WYSOURCE: J.C. Penney Company, Inc
Gordmans traces its roots to 1915, when Russian immigrant Sam Richman opened a clothing shop in Omaha. He later teamed up with a former Bloomingdale’s executive, Dan Gordman, whose car broke down in Omaha en route to California. Gordman met Richman’s daughter while he was waiting for his car to be repaired and decided to stick around. The two later married.
Private equity firm Sun Capital Partners bought the business in 2008 and took it public two years later. Funds managed by Sun Capital hold about 49.6 percent of Gordmans’ equity, according to a court filing.
Hatfield’s Ferry, a large Greene County coal plant shuttered in 2013, has drawn the attention of a New Jersey power developer that plans to build a large natural gas plant on the site. APV Renaissance Partners, a subsidiary of American Power Ventures, said it plans to submit a permit to the Pennsylvania Department of Environmental Protection within the next month for a combined-cycle power plant. David Neurohr, a spokesman for APV, would only say that it’s a “redevelopment project” whose details would be disclosed at a public information meeting on April 5, between 5 and 8 p.m., at the Carmichaels and Cumberland Township Volunteer Fire Department. However, in late January, PJM Interconnection LLC, the Valley Forge-based grid operator that manages the flow of electricity for 13 states
The Chapter 11 filing comes after RadioShack, owned by General Wireless Operations, tried to revitalize its business by co-branding stores with the wireless carrier in an effort to compete against their largest rivals.
RadioShack will close approximately 200 stores and will evaluate options on the remaining 1,300, the company said in a statement.
GM’s decision to say goodbye to the Opel-Vauxhall business it’s controlled for nearly 90 years – and accounts for 10 percent of GM’s global sales and 18 percent of its workforce – is intended to bolster overall profitability and returns to shareholders.
It will leave GM with only a few specialty models in Europe – Chevrolet Camaros, Corvettes and selected Cadillacs – which last year totaled about 2,300 in sales. That’s a tiny fraction – 0.2 percent – of the volume of its Opel-Vauxhall business, which sold 1.16 million vehicles in 2016. GM sold 10 million cars globally last year.
The three conditions for a turnaround are intact and present at Coca-Cola today.
Coca-Cola (NYSE:KO) has been one frustrating stock, and yet it remains at or near the top of the list of the world’s most bullet-proof, iconic brands.
Put another way, for those who’ve been around the markets a while, you can make the case that markets are grossly inefficient in the short-run and brutally efficient in the longer-run.