ContractCentral Blog

Macy’s is closing another 100 stores | Project Economy – WXII Home

August 11, 2016 – 9:04 am

Another 100 struggling Macy's stores are disappearing. Macy's announced plans on Thursday to close about 15% of its department stores, the latest effort to adapt to shifting consumer preferences for shopping online at Amazon and elsewhere. Read more: http://www.wxii12.com/project-economy/macys-is-closing-another-100-stores/41150530

Productivity drops for third straight quarter

August 9, 2016 – 11:59 am

Productivity, a sore spot for the U.S. economy over the past few years, has now declined in three straight quarters, according to data released Tuesday. Read more: http://www.marketwatch.com/story/productivity-declines-for-third-straight-quarter-2016-08-09

Refuel your battery instead of recharging it…

August 2, 2016 – 9:32 am

NanoFlowcell battery refueling proposition is far better than recharging vehicles. The concept is that, instead of a 1,500-pound lithium-ion battery that can take hours to fully recharge. The set-up includes two tanks – one with positive liquid electrolytes and one ...

Seven Years Later, Recovery Remains the Weakest of the Post-World War II Era

July 29, 2016 – 2:58 pm

Even seven years after the recession ended, the current stretch of economic gains has yielded less growth than much shorter business cycles. Read more: http://www.msn.com/en-us/money/markets/seven-years-later-recovery-remains-the-weakest-of-the-post-world-war-ii-era/ar-BBv1w8e

US GDP grew a weak 1.2 percent in second quarter

July 29, 2016 – 2:57 pm

The Commerce Department said Friday that the gross domestic product — the broadest measure of the economy — grew at a 1.2 percent annual rate in the April-June quarter. That was far below the 2.6 percent GDP growth rate that ...

Hillary’s Planned Tax Hikes (Full List)

July 29, 2016 – 7:22 am

Hillary Clinton has made clear she intends to dramatically raise taxes on the American people if elected. She has proposed an income tax increase, a business tax increase, a death tax increase, a capital gains tax increase, a tax on ...

ConocoPhillips to lay off 1,000 workers

July 25, 2016 – 2:13 pm

The Houston-based energy company plans to lay off about 1,000 people this year, the Wall Street Journal reported Thursday. That's about 6 percent of its workforce companywide. The largest impact will be in North America. Read more: http://www.adn.com/business-economy/2016/07/22/conocophillips-to-layoff-more-workers-doesnt-expect-significant-reduction-in-alaska/

More layoffs on John Deere as Economy Tanks

July 25, 2016 – 2:12 pm

About 120 production employees at John Deere Harvester Works in East Moline have learned they will be laid off indefinitely starting Sept. 6, according to a Deere & Co. announcement Friday. Read more: http://www.qconline.com/news/local/deere-co-lays-off-harvester-workers/article_2dd1a338-7a0b-576b-81cb-1b6c990d8547.html

Sony zaps more jobs following poor results

July 22, 2016 – 3:27 pm

After a string of lukewarm movie releases from its Hollywood studio, Sony Corp.’s Tokyo headquarters is telling its US operation to slash costs. Read more: http://nypost.com/2016/07/20/sony-zaps-jobs-following-poor-results-in-us/

Obamacare premiums going up another 13% in California

July 20, 2016 – 11:40 am

Premiums for Covered California health insurance will increase more than 13% next year. Officials blamed rising medical care for the price hike. “We’re paying more for less. Insurers are limiting access to doctors and hospitals while also demanding a higher ...

Americans pay much more than other countries for Health Care

July 19, 2016 – 10:33 am

Once you see these prices, you won't wonder why America is on track to spend 20 percent of its GDP on health care by 2025. Read more: http://www.cnbc.com/2016/07/19/us-often-pays-much-more-than-other-countries-for-prescription-drugs-surgery.html

Migrant Crisis Bankrupting Cities

July 8, 2016 – 9:52 am

As a result of the migrant influx to Germany, nearly a third of municipalities in a new study revealed that they would have to go into debt this year. Read more: http://www.breitbart.com/london/2016/07/08/migrants-driving-towns-debt/

Bing files for bankruptcy

July 8, 2016 – 9:00 am

Bing Energy is filing for bankruptcy and suing several of its key former collaborators in a nasty, international legal battle involving accusations of corporate espionage, back-stabbing and theft. Read more: http://www.tallahassee.com/story/news/2016/07/07/bing-files-bankruptcy-sues-former-workers/86798672/

Boston Grand Prix files for bankruptcy

July 7, 2016 – 12:32 pm

Boston Grand Prix, LLC has filed for bankruptcy following the cancellation of IndyCar Boston after the sale of tickets and sponsorship's had already began. In the filing, Boston Grand Prix says it has less than $50,000 in assets... Read more: http://www.fox25boston.com/news/boston-grand-prix-llc-files-for-bankruptcy-after-cancelation-of-indycar-boston/386949925

Income Inequality Experts among Wealthiest 2% of Americans

July 3, 2016 – 10:27 am

A new report from the California Policy Center has revealed that “income inequality” experts at the Univeristy of California at Berkeley earn more than $300,000 a year, placing them in the top 2% of all American earners. Read more: http://www.breitbart.com/tech/2016/07/02/uc-berkeley-income-inequality-experts-among-wealthiest-americans/

Homelessness up 4%

July 1, 2016 – 10:18 am

The homeless tally statewide increased from 7,620 to 7,921, a jump of 301 homeless individuals, or a total increase of 4 percent. That movement is moderate, however, when compared to leaps made in the previous two years. The homeless population ...

Mattel confirms Mass Layoffs at Fisher-Price

June 26, 2016 – 9:05 am

Several positions in the company’s finance department will be outsourced overseas, Mattel confirmed Wednesday. Those positions include corporate shared services such as accounts payable. Read more: http://www.buffalonews.com/business/fisher-price-plans-layoff-of-up-to-75-in-east-aurora-20160622

Kellogg cutting 155 jobs

June 25, 2016 – 5:26 pm

Kellogg informed state and Rossville officials that about 155 jobs will be eliminated between this fall and the end of 2017. Read more: http://www.commercialappeal.com/business/jobs-wages/Job-cuts-coming-at-Eggo-plant-384005171.html

Maxus Energy files for bankruptcy

June 20, 2016 – 8:52 am

Maxus Energy Corp. filed for bankruptcy protection Friday after reaching a deal with its corporate parent, YPF SA, on the terms of a settlement tied to liabilities for the cleanup of New Jersey’s contaminated Passaic River. Read more: http://www.wsj.com/articles/maxus-energy-files-for-bankruptcy-protection-1466268975

Giant USA getting SMALLER (Thanks Obama)

June 20, 2016 – 8:51 am

Giant USA is laying off ten employees and consolidating some departments at its headquarters as it adjusts to soft market conditions. General manager JT Thompson told employees and outside sales reps about the layoffs in a company-wide meeting Friday. Read more: ...

There’s a new kind of housing crisis

June 20, 2016 – 8:48 am

A majority of poll respondents – 81% - said housing affordability is a problem. Over half the respondents, 53%, said they’d had to make sacrifices over the past three years to be able to pay their mortgage or rent. Read more: ...

Study: Migrants Hurt Long Term Economic Growth

June 19, 2016 – 8:53 am

A new study casts doubt on migrants propping up the economy, saying that they could heavily impact the economy in a negative manner. Read more: http://www.breitbart.com/london/2016/06/18/study-migrants-hurt-long-term-economic-growth/

Bank Of America to Fire 8,000 as Layoffs Accelerate

June 17, 2016 – 11:44 am

Bank of America has announced that it will fire as many as 8,000 employees within its consumer division the FT reports.The core reason given for the headcount reduction in this instance is that digital banking is picking up the pace, ...

Bobcat confirms 250 layoffs

June 17, 2016 – 11:42 am

Bobcat Company confirmed Tuesday that it laid off nearly 250 hourly and salaried workers at both its Bismarck and Gwinner manufacturing plants. Read more: http://bismarcktribune.com/news/local/bobcat-confirms-layoffs/article_91d6d62c-538e-5fc6-870f-39cee37f7d40.html

Apple supplier Synaptics laying off 160

June 17, 2016 – 11:39 am

Synaptics Inc. plans to lay off 160 employees and close some offices, according to information filed Thursday with the Securities and Exchange Commission. Read more: http://forextv.com/market-news/apple-supplier-synaptics-plans-layoffs-office-closures/

HSN begins up to 350 layoffs

June 16, 2016 – 9:08 am

HSN will begin workforce reduction. A year after announcing it was closing a facility near Bonsack, HSN Inc. will begin to downsize. The company, formerly known as Home Shopping Network, will begin the gradual process of laying off... Read more: http://www.roanoke.com/business/news/roanoke_county/hsn-begins-layoffs-at-roanoke-county-facility/article_3da3535e-3235-590e-af9c-aaa4e3117ae3.html

WalMart to eliminate 1,500 jobs

June 16, 2016 – 9:06 am

Wal-Mart Stores Inc. said Wednesday it is cutting jobs in accounting and other back-office positions at about 500 locations in the Western region of the U.S. The move will affect two or three people per store, totaling as many as ...

Hastings could close all 126 stores

June 13, 2016 – 10:42 am

Hastings has confirmed that it’s seeking a buyer for the chain of 126 entertainment retail stores, but if one can’t be found, it will begin closing the entire chain due to “continuing financial challenges.” Read more: http://amarillo.com/news/latest-news/2016-06-10/hastings-goes-broke

Gawker Media Files for Bankruptcy

June 13, 2016 – 10:40 am

Gawker Media has filed for Chapter 11 bankruptcy after a Florida judge issued a $140 million final judgment in favor of Hulk Hogan in the invasion-of-privacy lawsuit over the posting of a sex tape. Read more: http://www.hollywoodreporter.com/thr-esq/gawker-media-files-chapter-11-901536

Just 76 million Americans struggling financially

June 13, 2016 – 10:39 am

31% of American adults, or 76 million people, say they are struggling to get by or just barely making it, according to the Federal Reserve Bank's latest survey on Americans' economic well-being, which looked at 2015. Read more: http://money.cnn.com/2016/06/10/news/economy/americans-struggling-financially/index.html

Seventy Seven Energy Bankrupt

June 9, 2016 – 7:45 am

Oil field services provider Seventy Seven Energy Inc. filed for chapter 11 protection to get rid of more than $1 billion in debt. Read more: http://blogs.wsj.com/bankruptcy/2016/06/08/seventy-seven-energy-enters-chapter-11/

Los Angeles area hospital files for bankruptcy

June 9, 2016 – 7:44 am

Faced with nearly $26 million in unsecured debt, a Hawaiian Gardens hospital that tends to mostly low-income patients in the southeast Los Angeles and Long Beach area filed for Chapter 11 bankruptcy protection this week, according to court documents. Read more: http://www.presstelegram.com/business/20160608/hawaiian-gardens-hospital-files-for-chapter-11-bankruptcy

Gardens Regional Hospital Files for Bankruptcy

June 9, 2016 – 7:41 am

The Gardens Regional Hospital and Medical Center Inc. filed for bankruptcy after losing money providing health care to depressed southern Los Angeles neighborhoods, where fewer patients can afford the cost of health care. Read more: http://www.wsj.com/articles/gardens-regional-hospital-files-for-bankruptcy-1465334296