This article was sourced from Reuters. Article by Sruthi Ramakrishnan. Department store operator J.C. Penney Co Inc (JCP.N) reported a bigger-than-expected drop in same-store sales for the holiday quarter citing weak demand and competition from online retailers, sending shares down to more than a year low. The company on Friday also said it would shutter 130-140 underperforming […]
This article was sourced from Business Insider. Article by Hayley Peterson. A tidal wave of store closures is about to hit the US, and the result could be catastrophic for hundreds of lower-tier shopping malls. JCPenney announced Friday that it would close up to 140 stores in the next couple months. That follows decisions by Macy’s […]
This article was sourced from Business Insider. Article by David Scutt. Australia is likely to avoid a technical recession — defined as two consecutive quarters of negative economic growth — when the ABS releases its December quarter GDP report next Wednesday, March 1. All 25 economists polled by Bloomberg expect a positive growth quarter, forecasting a […]
This article was sourced from Business Insider. Article by Ben Moshinsky. LONDON — Department store John Lewis will cut almost 400 jobs across its cafes and home fittings departments, as customers shift their spending from physical stores to online shopping. The company said that 387 jobs would go as a result of the restructuring. Around 773 staff had entered […]
This article was sourced from Bloomberg Technology. Article by Ellen Huet. Online grocery delivery startup Instacart Inc. has raised a $400 million round of venture funding, said people familiar with the deal. With the additional capital, the San Francisco-based company’s valuation has risen to $3.4 billion, said the people, who asked not to be identified because the matter […]
This article was sourced from Bloomberg Technology. Article by Julie Johnsson. United Airlines has taken a close look at an all-new jetliner that Boeing Co.engineers are developing for trans-Atlantic flying, and it likes what it sees. “What we’ve seen so far is very, very interesting to us,” Andrew Levy, United’s chief financial officer, said in an […]
This article was sourced from Business Insider. Article by Rachael Levy. The world’s third largest asset manager just installed a bronze statue of a defiant girl in front of Wall Street’s iconic charging bull as part of its new campaign to pressure companies to add more women to their boards. State Street Global Advisors, a nearly […]
This article was sourced from Insolvency News. Metro Bank has launched a specialist large commercial banking team focussed on supporting businesses with turnover of more than £10m. A team of 10 will focus on companies with £10m-plus turnover and debt in excess of £3m. It will also support organisations with day-to-day banking requirements, such as […]
This article was sourced from Insolvency News. Personal insolvencies have dropped year-on-year but young parents are suffering most, according to information services group Experian. Statistics from the group found the number of people facing insolvency during the third quarter of this year has decreased by 14 percent compared to the same period last year. This figure […]
This article was sourced from Market Watch. Article by Wallace Witkowski. If there’s one thing stock-market investors care about most under President Donald Trump’s administration, it’s taxes—and how soon they’re going to get cut. In a survey of more than 350 clients and prospective clients conducted in late February, Nicholas Colas, chief market strategist at brokerage Convergex, […]
This article was sourced from Market Watch. Article by Tony Garcia. Dick’s Sporting Goods conducted a business review in light of big 2016 changes, including The Sports Authority liquidation Getty Images Dick’s divided vendors into segments and will eliminate“Segment C” vendors Dick’s Sporting Goods Inc. said Tuesday that after conducting a review of its business, it […]
This article was sourced from Bloomberg. Article by Ellen Huet. There are a few early clues that a startup will be successful, according to market researcher Quid: Have the company’s founders worked together before? Is the business in a hot sector, one where many other new startups are also focusing? Has it raised funding at a […]
This article was sourced from Bloomberg. Article by Eddie Van Der Walt. Rhodium’s on the best run in a decade on expectations of more demand for the material that’s used in cleaning toxic car emissions. One of the rarest precious metals, it climbed the past seven months and is up 19 percent this year, outperforming most […]
This article was sourced from Fast Company. Article by Daniel Terdiman. Virtual reality has been around for decades, but 2016 was the year millions of consumers got their hands on the technology for the very first time. Though the headsets are still bulky and ugly, they’re giving people breathtakingly immersive digital experiences. At the same time, […]
This article was sourced from Fast Company. Article by Ronald Pies. The phrase “alternative facts” has recently made the news in a political context, but psychiatrists like me are already intimately acquainted with the concept—indeed, we hear various forms of alternate reality expressed almost every day. All of us need to parse perceived from actual reality […]
This article was sourced from Fast Company. Article by Sean Captain. If you’re nodding off while reading this, it might not be because of my writing. You may not have had enough sleep—either the overall duration or the right mix of light, deep, and REM (rapid eye movement) sleep. Lots of fitness trackers measure the duration […]
This article was sourced from Tech Crunch. Article by Kate Conger. After several courts shot down his executive order that banned travelers from seven nations from entering the United States, President Trump today made another attempt to implement his proposed Muslim immigration ban. Trump signed a new executive order this morning that reduces the list of affected nations to […]
Enrolments close on 10 March for the first subject in ARITA Advanced Certification: Fundamentals of Restructuring, Insolvency & Turnaround. This is the only opportunity to commence Advanced Certification in 2017. More information Enrolments Do any of your staff want to become a Registered Liquidator or Trustee in 2018? If any of your staff members intend […]
This article was sourced from Law360. Article by Alex Wolf. Telecommunications provider Avaya Holdings Inc. asked a New York bankruptcy court on Wednesday for permission to pay up to $3.7 million in this year’s fiscal second quarter to 11 “key” executives as part of an incentive program to help it outperform earnings targets. Avaya, which […]
But Hong Kong might not be on their wish list. This article was sourced from Bloomberg. Article by Narae Kim. Chinese real-estate investors are losing interest in the U.S. as their concern over yuan depreciation eases and questions swirl around President Donald Trump’s stance on protectionism. That’s the view of Andrew Haskins, executive director of Asia research […]