April 30, 2013 |
Blackstone Group, the New York-based private equity group, announced Tuesday it would hire 50,000 military veterans over the next five years across its various businesses. The company said it is partnering with the White House, which is leading an effort to get more military veterans employed. “Veterans embody many of the skills, talents and personal attributes we look for in employees," said Blackstone Chief Executive Steve Schwarzman. " Veterans are reliable, motivated and trustworthy employees - the type of people that will help Blackstone's portfolio companies succeed and grow.
April 5, 2013 |
Portrait studios at Sears and some Wal-Mart stores - the scenes of innumerable family photos - have unexpectedly closed as their operator, CPI Corp., goes out of business. The portrait provider said in a statement on its website that all of its U.S. locations have shut down “after many years of providing family portrait photography.” The St. Louis company has been making photo keepsakes for more than 60 years and offered its services at more than 3,000 North American locations, mostly in Sears and Wal-Mart stores.
March 29, 2013 |
Just like its popular Duncan Hines cake mixes, packaged foods company Pinnacle Foods Inc. is on the rise after raising $580 million in an initial public offering. The company - which owns popular brands such as Birds Eye, Aunt Jemima, Log Cabin, Mrs. Butterworth's and Hungry-Man - made its debut on the New York Stock Exchange under the symbol PF. Wednesday night, the Parsippany, N.J., business sold 29 million shares for $20 apiece - at the top end of its suggested $18-to-$20 range.
January 25, 2010 |
Wal-Mart Stores Inc., the world's largest retailer, will eliminate some 11,200 jobs at its Sam's Club stores as it brings in an independent marketing firm to perform in-store product demonstrations. Outsourcing the in-store demonstrations to Shopper Events, a marketing firm based in Rogers, Ark., will trim about 10,000 jobs, or 9% of the company's workforce, the company said. Most of these positions are part time, the company said. The retailer also will eliminate about 1,200 jobs in business membership recruiting, or about two positions at each of its U.S. warehouse clubs.
January 12, 2010 |
Wal-Mart Stores Inc., the world's largest retailer, said Monday that it would close 10 underperforming Sam's Club stores, including four in California. In the Southland, the warehouse club operator will shut stores in Irvine, La Quinta and Vista. Other closures will include stores in the Sacramento, Houston and Phoenix markets. Spokeswoman Susan Koehler said the stores are scheduled to close Jan. 22. She said she didn't know why so many California locations were affected. "It's not related to the economy," she said.
November 7, 2009 |
With another tough holiday season looming, Wal-Mart Stores Inc. is ratcheting up a price war that could be good for shoppers but has competitors fearing the worst. The world's largest retailer has for years snatched sales from department stores, discounters, supermarkets, electronics sellers and mom-and-pop shops. Its intensive markdowns helped drive chains such as Circuit City and Mervyns out of business over the last year. Now Wal-Mart is using its enormous clout to wrest the advantage during what is expected to be another weak Christmas season.