Weekly News Update

Weekly News Update for December 3: Power Plant in Wisconsin Closing, Job Losses Due to Automation & More

Pleasant Prairie Power Plant Closure

The U.S. economy continues to chug along, but American businesses continue to struggle for many, many different reasons. Low natural gas prices and the reduced cost of renewable energy has resulted in the planned closure of the 266th coal-fired plant in the U.S. A Chicago bun supplier to McDonald’s Corporation (NYSE:MCD) lost 800 employees in (more…)

Weekly News Update for November 28, 2017: Thanksgiving Retail, Net Neutrality, J. Crew Closings, and More

Thanksgiving Day 2017 Stores Open

Even with the arrival of Thanksgiving and Black Friday, brick-and-mortar retailers were hard-pressed to achieve sales goals since many people prefer the convenience of online shopping. Retailers like J. Crew have seen a downward trend in their sales projections. The spiral also seems to have hit Sheikh Shoes, which is seeking financing to avoid bankruptcy. (more…)

Weekly News Update for November 19, 2017: Retail Hiring Declines; Belk Closes Stores; Pacific Drilling Bankruptcy & More

Retail Hiring Decline

A lot of industries have been facing the challenges of cost-cutting and reorganization, forcing them to lay people off all through the year. The year 2017 has been a particularly difficult year for retail, manufacturing, the oil and gas industry, and even the aerospace market, with stores and facilities shutting down and rocket makers failing (more…)

Cantrell Drug Bankruptcy, U.S. Inequality, Target Stores Closing, Healthcare Spending Soars & More: Weekly Roundup for November 12, 2017

Cantrell Drug Co. bankruptcy

In today’s weekly roundup, we wish to bring you up to speed on a few significant developments in certain industries. We know that the pharma industry is suffering and layoffs are being announced by major players in that sector. Even as healthcare spending soars, job losses seem to hit pharma companies negatively, an event which (more…)