John Whitefoot

John Whitefoot is an editor at Lombardi Financial, specializing in low-priced investment opportunities. John has been a financial writer since the late 1990s and has written on everything from penny stocks to blue chip stocks to the broader issues that affect the stock market. John has profiled more than 1,000 low-priced stocks, researching and covering numerous sectors including health care, media, manufacturing, IT, education, hospitality, natural resources, and retail. As an editor at Lombardi Financial, John has enhanced his understanding of economics, turning his attention to individual stocks and other investing opportunities. John is primarily a fundamental analyst. His focus is on “off-the-radar” situations with big upside potential for the individual investor. Outside of his professional life, John stays active through tennis and sailing. He also enjoys collecting antiquarian books and art. You can contact John at j.whitefoot@americaclosed.com

PVH Corp. Closes Chattanooga Warehouse, 85 Given Pink Slips

Jobs

PVH Corp. (NYSE/PVH), a clothing giant better known as Phillips-Van Heusen, has said it is closing a warehouse at 3915 Volunteer Drive in Chattanooga, Tennessee. The company filed an official WARN Notice with the Tennessee Department of Labor and Workforce Development, noting that the permanent closure will take place on July 14, leaving 85 employees out of work.

Sutter Health Lays off 72 at San Francisco Hospital

JOB LOSS

Sutter Health California Pacific Medical Center said it is closing St. Luke’s skilled nursing and sub-acute unit, a move that will leave 72 nurses and nursing assistants without work. In a letter sent to employees of the San Francisco-based hospital, the layoff will take place in August and the entire unit will close on October (more…)

Earth Pride Organics Files for Chapter 11 Protection

Job Losses

Earth Pride Organics, a family-owned holding company, announced it has filed for Chapter 11 bankruptcy protection. The Lancaster, Pennsylvania-based company brands itself as a developer of organic foods. The company was founded five years ago and has grown to include four subsidiaries: American Specialty Foods (a sales and marketing company), CO Nolt Bakery Supply (a (more…)

Ralph Lauren Outsourcing American Jobs to India

JOB LOSS

While President Donald Trump promised to bring American jobs back to the U.S. on the campaign trail, many big U.S. companies continue to outsource jobs to countries like India. And the trend is even increasing. Outsourcing U.S. jobs hurts the local economies, but the companies say it helps cut costs and stay competitive. Fashion retailer (more…)

Sunset Partners Inc. Files for Chapter 11

JOB LOSS

Sunset Partners Inc., the parent company of popular Boston University eateries Sunset Cantina and Sunset Grill & Tap, filed for bankruptcy. The restaurants will continue to pour beer and sling food for hungry university students while the company reorganizes its debt.