Clark County School District Heads for Second Round of Spending Cuts The Clark County School District (CCSD) in Nevada, one of the largest school districts in the country, is bracing for more possible job cuts. The CCSD trustees has approved a second round of budget cuts as the district struggles to close a $60.0-million budget (more…)
Federal Trade Commission Warns that Calls from Equifax Are a Scam Following the recent Equifax Inc. privacy breach, the U.S. Federal Trade Commission (FTC) sent out a warning to Americans to stay vigilant as phishing phone calls increase. The FTC, which serves to protect American consumers, tweeted a warning that phone calls—purportedly from Equifax—seeking personal information are (more…)
92 Jobs Cut as Panasonic’s Sanyo Subsidiary Closes Solar Module Factory Just as speculation started making the rounds that the American solar industry may be heading for its first-ever decline, one U.S. solar factory has begun winding down its operations.
Despite Many Pundits Talking About Recovery, American Housing Still Lagging U.S. housing ownership has yet to approach the pre-Great Recession numbers, the United States Census Bureau finds.
Survey: Political Gulf in the U.S. Continues to Grow Both Democrats and Republicans have an increasingly negative view of the other party, a survey by Pew Research Center shows.
U.S. Looking at Ways to Slash Corporate Taxes Despite Deficit While policymakers and businesses go back and forth on how best to cut corporate taxes and reduces rates, one thing is certain: In the near-term, revenue will suffer.
Jobs Cut in Michigan and Ohio This economic recovery may be the longest since World War II and stocks may be at record levels, but that doesn’t mean all of America’s banks are doing well. Chemical Financial Corporation (NASDAQ:CHFC), the holding company for Chemical Bank, announced plans to shutter dozens of branches and lay off (more…)
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…)
In a move that was long expected, Seadrill Ltd (NYSE:SDRL) announced it filed for Chapter 11 after it secured an agreement from nearly all of its secured bank lenders to support a plant to inject $1.0 billion of new capital into the company. The bad news, it essentially wipes out existing shareholders.
A New Study Reveals That the Top Earners in Wisconsin Are Hoarding a Disproportionate Share of the Wealth Wisconsin has witnessed a level of growth in income inequality between its top-earners and the average resident that has not been seen for decades, according to a report released by the Wisconsin Budget Project and the Center (more…)