Target Stores Closing, Employees Informed of Layoffs America’s retail woes are continuing this year as one retailer after another announces store closures. Target Corporation is the latest company to announce retail store closures and job cuts in the midst of the ongoing retail apocalypse. The Minnesota-based Target is closing 12 stores across the country by February (more…)
Growing Debt Load Triggers ExGen Bankruptcy The Texas-based subsidiary of giant utility company Exelon Corporation (NYSE:EXC) has filed for Chapter 11 bankruptcy. Illinois-based Exelon’s ExGen Texas Power LLC has ended up seeking a bankruptcy court’s protection in the midst of its growing debt burden. ExGen’s bankruptcy will allow parent Exelon to retain one key asset (more…)
PPD Layoffs Part of Challenges in the Pharma Industry America’s pharma industry is continuing to shed more jobs each passing day. Wilmington, North Carolina-based contract research organization (CRO) Pharmaceutical Product Development, LLC (PPD) is cutting an undisclosed number of jobs in its hometown and in The Research Triangle (an area of North Carolina), in what seems like a cost-cutting (more…)
Biotech giant Genentech Inc, a Roche Holding Ltd. (OTC:RHHBY) subsidiary, becomes the latest biotechnology company cutting jobs, owing it to the industry’s competitive landscape. Genentech layoffs will be affecting dozens of its employees at its manufacturing facility in Vacaville, California.
Athenahealth Job Cuts Hit Atlanta Office Just days after the healthcare IT company athenahealth, Inc (NASDAQ:ATHN) shared plans to slash its workforce, the first string of layoffs has hit its employees in Georgia. Athenahealth is closing its client support center in Atlanta, GA, leading to dozens of athenahealth job cuts in the city.
California’s Marijuana Tax Hike Has Pot Enthusiasts Worried California is planning to raise taxes on both recreational and medical marijuana. But, while it may help the state in raising additional revenue, California’s marijuana tax hike plan has both industry analysts and pot-lovers worried for a good reason.
Home Buyers in 92% of Metro Areas See Home Prices Rising in Q3 Home prices are continuing to become expensive in the most urban parts of the country. Home buyers in 92% of America’s biggest metro areas witnessed home prices rising during the third quarter of 2017, according to the latest report by the National (more…)
Styles For Less Bankruptcy: Another Casualty of Online Retail Fashion apparel retailer Styles For Less is preparing to file for Chapter 11 bankruptcy as it becomes the latest casualty of America’s evolving consumer patterns. The Styles For Less bankruptcy is the latest retail bankruptcy in 2017 owed to the rise of digital retailers.
Jeffersonville, Indiana-based barge builder Jeffboat LLC is cutting a number of jobs as it sees a decline in demand for its barges. The Jeffboat layoffs will affect nearly half of its employees as the barge builder cites low oil prices and low coal production the reasons for the job cuts. Meanwhile, city officials are deeply concerned (more…)
Trump Tweets Repeal Plans as ACA Enrollments 2018 Open President Donald Trump is once again going after the Affordable Care Act (ACA), or “Obamacare,” to repeal part of it, if not all. The President urged Republicans in a tweet on Thursday morning to consider repealing the “individual mandate” in the Affordable Care Act. The tweet comes (more…)