Looks like Macy’s is really struggling as they announced 2500 job cuts as a part of their plan for reorganization to ensure they stay in profit. The announcement comes on the heels of a strong holiday shopping season for the department store chain. Macy’s said Wednesday that it will reassign or transfer some workers and add some positions, leaving its ... Read More »
Companies Facing Bankruptcy List 2014
Companies tend to go bankrupt for various reasons ranging for changing market environments to improper management. Companies also tend to disappear or file for bankruptcy when they can no longer handle this hurdles. We have compiled a list of 10 companies that are facing such kind of problems and might just go-away in the year 2014. 1. J.C. Penney J.C. ... Read More »
Apple inks iPhone Deal with China Mobile
Apple & China Mobile have signed a deal to bring Apple’s iPhone to China Mobile. China Mobile is the world’s largest carrier. China Mobile currently has a subscriber base of 760 million which makes it the world’s largest it is also one of the three networks to be awarded 4G licenses earlier this month. Apple has been looking to boost ... Read More »
WME & Silver Lake Acquire IMG!
The deal is done, WME & Silver Lake has acquired IMG Worldwide in a $2.2 billion deal. IMG Worldwide, the talent management and licensing powerhouse will now be under the control of WME and Silver Lake Partners. WME’s Ari Emanuel and Patrick Whitesell will serve as as co-CEOs of the now mega-agency, though IMG and its more than 3,000 employees ... Read More »
Top Reasons Businesses Fail
Its almost common to see a start up rise from nowhere but shut down much before you had expected them to do so. Businesses set up and 80% of them face a closure sooner than one can imagine. There could be many reasons why a company is brought to a point where it deems itself as a failure. While most ... Read More »
HSBC to Float UK Banking Business?
HSBC might be considering the floating of up to 30 percent of its banking business in the U.K. the Financial Times has reported. Citing three people familiar with the project, the FT said the plan was at an early stage but the matter had been discussed with investors and informally at board level. The paper added that investors estimate such ... Read More »
Volvo China Sales up by 70% in October
The Volvo group has released its sales data and they have done impressively in the China. The Volvo China has showed an massive year-on-year growth of 69.4 percent and sales volume was 5,999 cars. According to the data, in the first 11 months of this year (2013) Volvo cars had sold 54,461 cars totally and the year-on-year growth was 44.7 ... Read More »