Palwasha Saaim

Palwasha Saaim is a Research Analyst at Lombardi Financial where she covers mid- and large-cap stocks, economic trends, and stock market movements. Saaim graduated summa cum laude in Economics and Finance and has passed all three levels of the CFA program. She has worked in diverse capacities in the financial services sector as an analyst, instructor, and writer. She takes keen interest in politics and is a supporter of numerous social and charitable causes. When she is not writing, she is seen baking, reading or video-gaming. You can contact Palwasha at p.saaim@americaclosed.com

NBC Sports Chicago Layoffs: Cable Channel Job Cuts Owed to Cord-Cutting

NBC Sports Chicago Layoffs

A string of job cuts has hit NBC Sports Chicago this week as the company succumbs to significant “cord-cutting” pressures. Like all major cable TV channels, NBC’s sports network is also losing its subscribers to online streamers. The latest NBC Sports Chicago layoffs reportedly affect 12 employees, including some senior behind-the-camera positions.

Appvion Layoffs: Appleton-Based Papermaker Cutting 200 Jobs

appvion layoffs

About 200 Appvion Layoffs to Result from Consolidation Appleton, Wisconsin-based paper manufacturer Appvion, Inc. has announced plans to consolidate its carbonless paper manufacturing business across two facilities, following which dozens of workers will face layoffs. Appleton is moving its carbonless paper coating operations from its Appleton site to the one in Pennsylvania. The resulting Appvion (more…)

Pacific Drilling Bankruptcy: Houston-Based Oil & Gas Drilling Co. Files for Chapter 11

Houston-Based Pacific Drilling Bankruptcy Owed to Oil Industry Slump

Pacific Drilling Bankruptcy Owed to Industry Slump Houston-based offshore oil and gas drilling company, Pacific Drilling SA (OTCMKTS:PACDF), has filed for Chapter 11 bankruptcy as it looks to restructure its debt. The Pacific Drilling bankruptcy is owed to the oil and gas industry’s ongoing slump. Pacific Drilling has sought bankruptcy protection at the U.S. Bankruptcy (more…)

XCOR Aerospace Bankruptcy: Mojave, California-Based Rocket Builder Files for Chapter 7

XCOR Aerospace Goes Bankrupt

XCOR Aerospace Files for Chapter 7 Bankruptcy Rocket engine manufacturer XCOR Aerospace, Inc. has filed for Chapter 7 bankruptcy as it exits the aerospace industry for good. The Mojave, California-based company is wrapping up all operations and heading for liquidation. XCOR Aerospace’s bankruptcy underscores the company’s ongoing financial troubles, which were exacerbated after the company failed (more…)

GE Digital Layoffs 2017: Job Cuts Part of Cost-Cutting; Sales Staff Affected the Most

GE Digital Layoffs 2017

General Electric Company (NYSE:GE) CEO John Flannery’s cost-cutting plan has sent shock waves across the investor community. The multinational conglomerate is slashing its dividend in half and GE stock investors are panicking. But that’s only part of Flannery’s great restructuring plan. Another part includes cutting jobs, with the latest round of layoffs hitting GE subsidiary GE (more…)

Capital One Layoffs in November 2017: 950 Job Cuts Hit Plano, TX

Employees brace for a major round of Capital One layoffs as the famous lender exits the mortgage origination business for good. The renowned bank holding company Capital One Financial Corp. (NYSE:COF) is wrapping up its mortgage and home equity lending business in Plano, Texas, where hundreds of employees are about to lose their jobs. A (more…)

Microsoft Layoffs 2017: Additional Job Cuts Hit Surface Hub Factory

microsoft layoffs

Additional Microsoft Layoffs at Wilsonville Plant Announced Making good on its promise, software giant Microsoft Corporation (NASDAQ:MSFT) is laying off additional employees at its soon-to-be-closed factory in Wilsonville, Oregon. The latest Microsoft layoffs are an extension of the first string of job cuts, which hit the same factory earlier this year.

Cantrell Drug Co. Bankruptcy: Little Rock, Arkansas Drugmaker Files for Bankruptcy

Cantrell Drug Co. bankruptcy

Cantrell Drug Co. Bankruptcy Announced After FDA Suspends Drugmaker’s Production Little Rock, Arkansas-based drugmaker Cantrell Drug Company has filed for Chapter 11 bankruptcy after the Food and Drug Administration (FDA) suspended the drugmaker’s right to manufacture and ship drugs. Cantrell Drug Co.’s bankruptcy brings to light its $7.46 million debt load, which the company promises not (more…)