Are There Just Too Many Retailers?
Sears to take Q4 charge. Sears (SHLD) has said it will close 100-120 Kmart and Sears stores, and will take Q4 charges of $1.6B-2.4B. Quarter-to-date comparable sales are off 5.2%. Given the...
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Mattress World To Close 7 Stores
All seven company-owned Mattress World stores will close in about a month. The remaining two franchise outlets will stay open. Washington state performed an audit back to 2004 and found that sales tax...
View ArticleShocking!
Knight Capital made a big mistake. A computer program went rogue that traded some stocks as many as 40 times every second, 2400 times per minute losing 15 cents on every open and close transaction. It...
View ArticleHe Saved The Union Pensions, However
If you weren’t union, your pensions at Delphi were not protected. The post He Saved The Union Pensions, However appeared first on Mover Mike.
View ArticleLet Obamacare Take Care Of Them!
Health and welfare benefits to 56,000 U.S. retirees and dependents will be discontinue by Eastman Kodak as part of bankruptcy proceeding. The post Let Obamacare Take Care Of Them! appeared first on...
View ArticleJ. C. Penny In Trouble
Free cash flow in huge decline, from 9 Months Ended Oct. 29, 2011 of ($737M) to 9 Months Ended Oct. 27, 2012 of ($1.3B). Penney “must find a way to significantly slow the sales decline within the...
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Are We A Heartbeat Away From Lehman Redux?
Jim Willie says there’s an overnight scramble for cash at Deutche Bank in Germany and failure would be Lehman bankruptcy times 5. The important thing to keep in mind about Deutche Bank is that it...
View ArticleTwo Troubled Companies
Furniture Brands (FBN) has fallen from the $6 to $8 trading range for four months ending in June to a buck (see chart). FBN “…announced a $40.8 million second-quarter loss. The company reported a $6.8...
View ArticleHey, Let’s Pay Bonuses For Busting The Business
Bankrupt Furniture Brands International Inc. on Wednesday asked a federal judge in Delaware to let it pay more than $5 million in bonuses to 55 employees, including seven company insiders, if its...
View ArticleWho Gets Hurt In A Bankruptcy
Running a business is hard enough. You must service your customers; you must find a way to draw them to your store; you have competitors who want your customers; you must manage your employees and the...
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The Next Recession Has Already Begun
The Next Recession Has Already Begun The following is an excerpt from a recent issue of Private Wealth Advisory. The official data is out and it shows that GDP collapsed 0.7% in the first quarter of...
View ArticleMover Mike Hit 2,000,000
After an incredible June, Mover Mike hit 2,000,000 page views. I have been blogging since 2004 and it is nice to see that more people are finding this blog. Sometimes, I have considered quitting,...
View ArticleShocking!
Knight Capital made a big mistake. A computer program went rogue that traded some stocks as many as 40 times every second, 2400 times per minute losing 15 cents on every open and close transaction. It...
View ArticleHe Saved The Union Pensions, However
If you weren’t union, your pensions at Delphi were not protected. The post He Saved The Union Pensions, However appeared first on Mover Mike.
View ArticleLet Obamacare Take Care Of Them!
Health and welfare benefits to 56,000 U.S. retirees and dependents will be discontinue by Eastman Kodak as part of bankruptcy proceeding. The post Let Obamacare Take Care Of Them! appeared first on...
View ArticleClik here to view.
We Have Seen This Before
We Have Seen This Before We Have Seen This Before! The Fuse on the Subprime 2.0 Debt Bomb is About to Ignite, says Graham Summers, Chief Market Strategist Phoenix Capital Research: The Subprime 2.0...
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Key Tips On How to Avoid Business Litigation
Facing business litigation can be expensive and stressful. It also can significantly impact your productivity. In fact, the potential costs including the attorney’s fees, court fees, and other related...
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