Armstrong Energy, Inc., a coal mining company based in St. Louis, Missouri filed for bankruptcy on Wednesday with the intention of turning ownership over to a competitor and its lender. The announcement comes on the same day that President Donald Trump tweeted a Fox News report highlighting the rise in U.S. coal production.
Papa John’s Int’l, Inc. (NASDAQ:PZZA) found and CEO John Schnatter knows who to blame for his company’s disappointing outlook: NFL Commissioner Roger Goodell. Schnatter blamed Goodell for “poor leadership” and said the NFL national anthem controversy has hurt Papa John’s sales and shareholders.
The stock market excitement is drawing more and more skepticism from watchdogs, concerned that the market’s euphoric state is similar to economic collapses we’ve experienced in the past, like Black Monday and the dot-com bust of the late 1990s.
Home prices continue to skyrocket across the U.S. Gains in 20 U.S. cities accelerated in August while housing inventory remains tight, according to figures from S&P CoreLogic Case-Shiller released Tuesday.
Renovate America Appoints New CEO and Cuts Jobs Renovate America Inc. recently announced that Roy Guthrie would succeed founding CEO JP McNeill as its new CEO. After just a few weeks in his new position, Guthrie announced major restructuring and productivity initiatives. This includes cutting costs, 100 layoffs (including 75 in San Diego), and maintaining (more…)
The rising rent costs are hitting Americans harder than ever, with the share of U.S. disposable income going towards rent totaling 3.81% in the third quarter—the highest share in data going back almost six decades. Rising shelter costs have been the primary influences on most of the inflation in the U.S. during the economic recovery (more…)
Nestle, Chevron, and State Farm to Cut Jobs in California The local economy in Bakersfield, California is getting hit hard by a number of layoffs. Chevron Corporation (NYSE:CVX) said that it will lay off around 300 employees, Nestlé USA, Inc. said that it is temporarily laying off close to 600 of its workers at its Häagen-Dazs (more…)
Oklahoma is not O.K. for those working with the Oklahoma State Department of Health. Starting Monday, October 30, over 1,000 department employees will be staying home to help the state save money. That won’t be enough to stem the estimated $10.0-million cash crunch, though. The agency said it plans to lay off around 250 employees, (more…)
Despite the recent run of good news for the stock market, Tuesday saw many U.S. stocks come crashing down, showing big losses in a single day, and the U.S. stock market drop, harming the greenback. Some of the biggest losers on the day include Chipotle Mexican Grill, Inc. (NYSE:CMG) and Advanced Micro Devices, Inc. (NASDAQ:AMD), both (more…)
Getting hacked is a painful and often loss-inducing fiasco. To add fuel to the fire, if you do not even know that the data has been compromised, isn’t this a bigger risk than just being exposed to a cyber hack? The earlier the compromised data is put back again behind a safer and more secure data (more…)