Category Archives: news

Retail giant Sears potentially facing bankruptcy

Sears, Roebuck and Company, once the leading retails of general merchandize, clothing and tools may not be long for this world according to a recent Fortune Magazine report.

In fact, give the years of declining sales, the company indicated there is “substantial doubt related to the Company’s ability to continue as a going concern.” In other words, the company has lost close to $10 billion in the last six years with their stock declining 9.3%.

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Gawker files for Chapter 11 Bankruptcy

USA Today reports that Gawker Media has been ordered by the courts to pay legendary wrestler Hulk Hogan an estimated $140 million dollars. The settlement which was ordered after an invasion of privacy lawsuit was filed by the wrestler has forced the media outlet to file for Chapter 11 bankruptcy protection and place their assets for sale.

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Aeropostale teen retailer files for Chapter 11 bankruptcy

Aeropostale, Inc., a specialty retailer of casual apparel and accessories targeted at teen consumers, has announced that they file for Chapter 11 bankruptcy and will be closing 113 stores in the United States and another 41 stores in Canada. The goal of the teen targeted store is to “achieve financial long-term stability.” Aeropostale, like so many other teen focused stores, has hit on hard times. Even teen favorites like American Eagle and Abercrombie & Fitch report their earnings are also down.

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Marco Rubio does financial status matter for the presidency?

Many of us wonder what it takes to be a good president. Do you have to have a strong moral character? Do you need experience in other higher offices? Do you need to have a consistent voting record? One of them most interesting questions this election year is, however, is whether or not your personal finances speak to your ability to effectively manage America’s economy.

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Summer internship and making it count

If you are one of the few who have been lucky enough to score a summer internship you have been given the perfect opportunity to show what skills and assets you could bring to a company. A summer internship is also the perfect three month interview for the company and will allow them to see what students would best fit in with the company’s culture.

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Middle class Americans still suffering despite stock surges

It’s been five years since the Great Recession and stocks have nearly tripled from their lows in 2009, but for most of us the economic recovery remains elusive. Although the stock market continues its rise and is shattering records, there is a continuing divide between Wall Street and Main Street, leaving middle class Americans with weak financial gains.

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Seattle set to raise minimum wage to $15 per hour

The fight to increase the minimum wage has been waged for months now in cities across the United States. Today USA Today reports the Seattle City Council is scheduled to vote to decide whether the minimum wage in their city should be raised to $15 per hour. The vote, which is considered historic, would raise the minimum wage to the highest level for any city throughout the United States.

English: Seattle Center as night falls. França...

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Los Angeles could be the next Detroit

Los Angeles is a global center for entertainment, trade and finance but it is also rife with some of the same financial issues plaguing Detroit, leading some financial experts to claim Los Angeles could be the next Detroit. According to James Lacy, an author, there has not only been zero job growth in Los Angeles within the last twenty-five years, but pension liability has also grown exponentially with little funding.

English: Photo taken by Bobak Ha'Eri. Taken Ju...

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