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Mattress Firm Files for Chapter 11 Bankruptcy Protection

Mattress Firm Files for Chapter 11 Bankruptcy Protection

Mattress Firm, the largest U.S. mattress company is filing for Chapter 11 bankruptcy protection. Chapter 11 bankruptcy is a way for retailers to get out of unwanted leases. Across the U.S., Mattress Firm has 3,500 locations which in the past were in..

GE Stock at 9-Year Low

GE Stock at 9-Year Low

General Electric (NYSE: GE) has experienced a 52.43% share price drop in the past year. The conglomerate ranked no. 1 in the S&P 500 in 2004, worth USD 400 billion, is now ranked no. 59 in the S&P’s most valuable companies.  ..

Fox Will Sell Sky Stake to Comcast for USD 15 Billion

Fox Will Sell Sky Stake to Comcast for USD 15 Billion

Twenty-First Century Fox Inc. (NASDAQ: FOXA) announced on Wednesday it will sell the remainder of its stake in U.K. based broadcaster Sky after being beat out by Comcast Corp. (NASDAQ: CMCSA) in a takeover bid.Comcast and Fox have been involved in a..

Ford Recalls 2 Million F-150 For Seat Belt Issue

Ford Recalls 2 Million F-150 For Seat Belt Issue

Ford Motor Company (NYSE: F) on Thursday announced plans to recall approximately 2 Million select 2015-2018 Ford F-150 in North America to address seat belt pretensioners.The Michigan-based auto maker said it was aware of 17 reports of smoke or fire..

Gap Shares Tumble Same-store Sales for Gap Stores Miss Expectation

Gap Shares Tumble Same-store Sales for Gap Stores Miss Expectation

Gap Inc. (NYSE: GPS) on Thursday announced second quarter revenue and earnings that beat analysts’ estimates, but comparable sales for its Gap brand missed analysts’ expectations, sending its shares down more than 10%.The apparel Company..

Nordstrom shares boosted by e-commerce sales

Nordstrom shares boosted by e-commerce sales

Nordstrom Inc. (NYSE: JWN) The Company’s shares surged over 9% on Friday, a day after its quarterly same-store sales numbers trounced Wall Street estimates, leaving analysts impressed with the upscale retailer’s online channels and its c..

Sunoco gas stations in Detroit hit with lawsuit for illegally selling viagra

Sunoco gas stations in Detroit hit with lawsuit for illegally selling viagra

Sunoco LP (NYSE: SUN) gas stations located in Detroit have been hit with a lawsuit alleging that the gas stations have been selling Viagra without prescriptions and under misleading circumstances. The lawsuit was filed by Outlaw Laboratory, a compan..