American Apparel Inc., the Los Angeles based clothing manufacturer, designer and retailer is better known for its "Made in the U. S. A" fashion. Not only that, its sexually charged advertising has drawn much attention in the past. It joined tome of its peers which focus mainly on teen fashion and filed filing for bankruptcy in October.
There is some good news for the Wal-Mart employees as Wal-Mart Stores Inc. plans to give a rise to almost all its U. S. hourly store employees in the coming month. The biggest private employer of the nation is making an effort to combat the labor market which is getting tighter and give the wage rate in the retail industry a push.
Martin Shkreli, the American entrepreneur and financial and pharmaceutical executive who came to the limelight for sky rocketing prices of some essentials drugs, was arrested on some federal charges earlier.
Shkreli is facing other federal criminal charges accusing him of defrauding investors.
In a Money Saving Effort Johnson & Johnson will Trim Six Percent Jobs in its Medical-Device Division
In a recent step taken by Johnson & Johnson to perk up its struggling business, the company said on Tuesday, it would trim approximately three thousand jobs in the medical devices division.
The positions that will be eliminated accounts for 2.5 percent of the 127,000 global employees and six percent of its medical-device division.
Investors File a Lawsuit Over Millions of Dollar Payment to Viacom Chairman who was Not Mentally Capable
In a lawsuits filed Tuesday in the Delaware Chancery Court, shareholders of Viacom and CBS are suing the media company boards for payments made to chairman Sumner Redstone, an American businessman and media magnate. They are also calling for changes to the boards.
In September, the government of Puerto Rico released its five-year plan that would work to reduce the huge debt of the island and revive the economy. But, that plan seems to be too optimistic and on Monday, top economic officials of Puerto Rico said they had been too confident about the plan and is revising the plan to face the worse.
In the recent past years China has been the growth engine for the global economy. But the cooling in economic activities noted of late has brought in worries that conditions in the second-largest economy of the world may be deteriorating fast.
Worries are mounting as the oil prices were once again pulled down on Monday to below $28 a barrel in anticipation that lifting of sanctions against Iran will flood the oil market that's already facing a glut.
In a new revelation, the study that claimed diet versions of soft drinks are better than water for weight loss, was actually funded by an industry body that included Coca-Cola and Pepsi. The study was led by Peter Rogers, professor of biological psychology at Bristol University and was published in the International Journal of Obesity.
Has the virtual currency bitcoin reached a crossroad where it's still uncertain whether it will succeed or turn out to be a complete failure?
One of the leading bitcoin developer Mike Hearn last week labeled the bitcoin as a failed currency and said he was selling off all his bitcoins and moving away from the currency altogether.
- Postage Prices will Decrease from Sunday; USPS not too Happy About It
- Marriott and Starwood Hotels & Resorts Worldwide Inc Shareholders Approve to $14.41 Sales Deal
- UK plan to impose additional tax on sugary drinks
- Obesity during pregnancy may increase risk of very ‘large babies’
- Dropping Sales at Gap’s Key Brands hurt the Company’s Shares