Hundreds of Texans employed with soft-serve ice-cream and fast-food chain Dairy Queen are about to get laid off. We’ll be seeing dozens of Dairy Queen restaurants closing across the state in the days to come as a Texas-based franchisee operating Dairy Queen locations enters bankruptcy. The franchisee, Vasari LLC, has just filed for Chapter 11 (more…)
Vistra Energy Corp. (NASDAQ:VST) announced it is acquiring Dynegy Inc (NYSE:DYN) in an all-stock deal valued at $1.74 billion. Debt-laden Dynegy has seen its margins shrink in the face of cheaper electricity prices. The merger of the two Texas-based energy producers will create one of the largest integrated power companies in the U.S., with a (more…)
Company Looking to Shed Employees from Texas, New York, and Oregon Roughly 100 employees will be cut from Xerox Corp (NYSE:XRX) as the company looks to reduce jobs at several locations spread across three different states.
Even outlet malls are struggling in the retail Armageddon. Luxury retailer Neiman Marcus Group Inc said it will close 10 of its 38 “Last Call” stores as part of its strategy to step back from the discounting world and invest in its full-line locations. The closures will impact 241 employees and come as Neiman Marcus (more…)
The combined damage caused by Hurricane Harvey and Hurricane Irma is expected to cost the U.S. economy nearly $300.0 billion. This is the first time in the history of record keeping that two Category 4 or higher hurricanes have struck the U.S. mainland in the same year.
Harvey-Stricken Houston Homeowners Could Default on Their Mortgages Many Houston, Texas homeowners have been forced to leave their homes that were destroyed by Hurricane Harvey and the resultant flooding. Finding a place to live is their biggest worry now, so covering their monthly mortgage payments may no longer be on their agenda. Affected homeowners do not know (more…)
FEMA Could Face Serious Rescue & Relief Challenges Amid Funding Cuts The Federal Emergency Management Agency (FEMA) is seeing Hurricane Harvey as one of the worst disasters to hit Texas in nearly all of its history. For Brock Long, the director and administrator of FEMA, it’s a storm that the “United States has not seen yet.”
Former Texas Congressman Ron Paul is seeing a high probability of a stock market crash in 2017. The Congressman believes that the American stock market indices could drop by as much as 50% before the end of this year.
NRG Energy Inc (NYSE:NRG) appears to be quietly seeking contract workers to help maintain power plants in Houston. NRG operates nine power plants and owns all or part of seven wind and solar projects in Texas.
Loss of Big Contract to Result in Job Cuts at Aramark Food and uniform services company Aramark has announced that it is laying off up to 175 workers after losing a contract with a major client in Houston, Texas. Houston First Corporation, which manages more than 10 city-owned buildings, decided to end its contract with the caterer.