Dollar Tree announces it will close 390 stores.
Discount retailer Dollar Tree plans to close 390 Family Dollar stores this year while renovating 1,000 other locations, the company said in releasing its earnings report Wednesday that showed a $2.3 billion loss for the fiscal fourth quarter.
2019-03-6 Production ends at General Motors' Lordstown Assembly complex in Lordstown, Ohio, United States. Context: Economy of the United States
2019-02-19 American retailer Payless ShoeSource files Chapter 11 bankruptcy with plans to close all of their U.S. stores. Context: Economy of the United States
2018-10-15 American retailer Sears files for Chapter 11 bankruptcy after accumulating USD $134 million in debt. Context: Economy of the United States
2018-07-31 Worker pay rate in the United States hits its highest level since 2008 according to the Bureau of Labor Statistics. The Employment Cost Index, which tracks worker compensation, has been steadily increasing since just prior to Donald Trump taking office. Context: Economy of the United States
2018-07-2 A US federal judge orders PricewaterhouseCoopers to pay US$625.3 million compensation to Federal Deposit Insurance Corp. The judge rules PwC negligently caused losses to F.D.I.C. by failing to uncover fraud during audits of Colonial BancGroup. Colonial, one the nation's 25 largest banks, and Taylor, Bean & Whitaker, the 12th-largest mortgage broker in the US, both collapsed in August 2009 as a result of fraud between the two. F.D.I.C. was the receiver for Colonial. Context: Economy of the United States