We are two weeks from Black Friday and the retail sector is looking very gray. Today Nordstrom plunged nearly 17 percent in early afternoon trading. This puts them on track for their worst day since July 2000. The retailer posted earnings after the close Thursday that missed estimates by 15…
WASHINGTON (Reuters) The Lockheed Martin Corp has been awarded a contract worth nearly $969 million to build 17 C-130J military transport aircraft, according to the Pentagon on Tuesday. The aircraft is expected to be completed by April 2020, the Department of Defense said in its daily digest of major contract awards….
If you are not employed, you may be better off just holding out for a job that meets your qualifications. However the truth for 1,000’s of American’s is just the opposite. Why would you be better off staying unemployed until you can find a job as good as your previous one?…
The Securities and Exchange Commission voted to implement Title III of the Jumpstart Our Business Startups (JOBS) Act on Friday. Translation? It’s now legal for any American to invest in startups and small businesses. Unlike Kickstarter or GoFundMe, which allow you to invest in a product or idea and then in return…
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…
Ford is recalling more than 129,000 midsize SUVs in parts of the U.S. and Canada to fix potential fuel leaks.The company says the recall covers the 2009 and 2010 Ford Edge and Lincoln MKX vehicles sold by the company. The problem lies In places where salt is used to…
When it comes to shopping in the U.S., Black Friday is the day that focuses on deals, shopping and retail sales. It’s the biggest day for shopping hands down in the U.S. and in fact has become a tradition with a cult like following. While most agree the shopping tradition…
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…