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.
September 30, 2009 |
After the success of its "10 for $10" toy program last year, Wal-Mart Stores Inc. is expanding its lineup of $10 toys for the holiday season to more than 100 items. The deals are expected to hit store shelves today. The move is the latest in an increasingly heated holiday toy battle as retailers race to attract frugal shoppers. Wal-Mart said it had worked with its suppliers over the last year to offer an assortment of top brands, classic toys and newly released items for $10, including Barbie dolls and Transformers action figures.
CALIFORNIA | LOCAL
March 20, 2009 |
The San Diego County Sheriff's Department took the unusual step Thursday afternoon of issuing a statement to try to stamp out a rumor that gang-initiation killings were planned at local Wal-Marts. "These rumors, which have become widespread in San Diego County, are false," department officials announced after they received dozens of panicky calls from would-be shoppers. The rumor, apparently fed by the Internet, has surfaced in numerous communities across the country in recent days.
March 17, 2009 |
Wal-Mart is stepping up the competition to draw cost-conscious shoppers, promising that store-brand products will be tastier, smell better and look more attractive. The retailer outlined plans to reformulate hundreds of items in the Great Value store brand line, which it says is the country's biggest food brand in terms of both sales and volume.