MINNEAPOLIS (AP) — It was announced today that Target plans to close 13 stores nationwide, including one in the city of New Ulm and two others in Milwaukee and Superior, Wisconsin. The message from Minneapolis-based retailer says a decision to close a store usually follows several years of decreasing profitability. Target…
A judge has now rejected an odd attempt by the junior bondholders of Caesars Entertainment’s bankrupt operating unit to disqualify the law firm Kirkland & Ellis from leading the casino group’s $18 billion Chapter 11 restructuring. Jones Day, the junior bondholders’ law firm, has asked the courts to reconsider a May…
In an article from Reuters, it has noted that Charter Communications Inc., said its acquisition of Time Warner Cable Inc., which is awaiting clearance from U.S. regulators, is now expected to close in the first quarter 2016, and not by the end of 2015 as planned. In this $56 billion deal which…
USAA, one of the largest U.S. issuers of debit and credit card, has made the choice to switch to using Visa from its longtime partner, MasterCard, the company said on its website this week. “USAA Bank is moving from MasterCard to Visa. As our primary network, this provides us the opportunity…
The latest version of Microsoft’s $4.6 billion video game franchise, “Halo 5: Guardians” launches around the world today. For industry insiders this is a particularly important release because it’s part of Microsoft’s most valuable game franchise. Plus it cost a reported $100 million to produce the game. “Halo 5” is exclusive…
New single-family home sales in the U.S. fell to near a one-year low this past September after two straight months of gains. This suggests a temporary cooling in the market for new houses as the country heads into fall. The Commerce Department said on Monday that sales have dropped to…
Are you looking to take the plunge into investing? There are some great new tools out right now to help you start off and get your feet wet. Although most basic investment accounts today have minimum requirements that are generally at least $500 that doesn’t have to stop you. There is a…
If economists are right, it’s going to take a lot less progress in the job market to get the unemployment rate to keep falling. Many are saying we’ve hit a leveling out point and might not see much for change for a while. If you’ve been following the steady decline in…
Instagram is about to get a whole lot of love from marketers. According to a new study by presented by eMarketer, the Facebook-owned social media platform will surpass Twitter in popularity for marketers in 2017. In the study, they saw that 88 percent of U.S. companies will use least one major…
Shares of three technology giants soared Friday after earnings, but one analyst believes Apple lacks what it needs for a similar spike when it reports next week. Amazon, Google (parent Alphabet) and Microsoft all beat quarterly expectations after the bell Thursday. This was in part on strength with growth segments like…