Category Archives: Business

Hhgregg Bankruptcy Is Looming: Reports

INDIANAPOLIS — According to media reports Saturday, Indianapolis-based HHGregg Inc. is preparing to file for bankruptcy just over a week after the company hired a firm to help turn its financials around, according to reports. Te 61-year-old appliance and electronics … Continue reading

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JC Penney Store Closures List Not Yet Reveald

JCPenney returned to earnings in the fourth quarter ended January with a net profit of $ 192 million compared with a loss of $ 131 million a year earlier. The Distributor’s earnings per share were 61 cents. Excluding non-recurring items, … Continue reading

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ABB Hit By South Korea fraud Of $100 Million

The Swedish-Swiss engineering firm ABB announced on Wednesday ( February 22nd) that it discovered embezzlement in its subsidiary in South Korea . The group says that investigation has been launched and that its financial results for 2016 will be affected. … Continue reading

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Lowe’s layoffs: Company To Layoff At least 500 Full Time Employees

Renovation retailer Lowe’s has announced a second wave of layoffs in just over a month. At least 430 full-time employees will lose their jobs at the company’s headquarters in Mooresville. In addition to the corporate office, the company said 70 … Continue reading

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Kraft Heinz withdraws $143-Billion Bid For Unilever Plc

U.S. food company Kraft Heinz Co. withdrew its proposal for a $143-billion merger with larger rival Unilever Plc, the companies said on Sunday, raising questions about whether Kraft could turn its focus to another target. A proposal by Kraft Heinz … Continue reading

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