Postage Prices will Decrease from Sunday; USPS not too Happy About It
Submitted by Kunal Garg on Sat, 04/09/2016 - 06:26
The last time when price of U. S postage stamps went down, is history. But that is going to be repeated this weekend and the USPS is not happy about it.
In July 1919, prices of postage stamps were decreased by 3 cents to 2 cents. From the Civil War times, this is the third time price has been decreased on record.
Marriott and Starwood Hotels & Resorts Worldwide Inc Shareholders Approve to $14.41 Sales Deal
Submitted by Ajay Saxena on Sat, 04/09/2016 - 06:19
The drama over a bidding war for Starwood Hotels & Resorts Worldwide Inc seems to be over finally.
On Friday, shareholders of both Marriott and Starwood Hotels & Resorts Worldwide Inc. agreed to the $14.41 billion sale deal. That clears Marriott International's hurdle on its journey buy Starwood, one of its biggest rivals and become the biggest hotel chain in the world.
The shareholders vote brings an end to a chaotic month where Marriott saw a last-minute competitor China's Anbang Insurance Group bid from Starwood.
Dropping Sales at Gap’s Key Brands hurt the Company’s Shares
Submitted by Anil Dayal on Fri, 04/08/2016 - 07:43
San Francisco, California based Gap Inc, which operates five well known brands is struggling with declining sales. On Thursday, shares of the apparel company dropped almost nine percent during the after-hours trading.
It followed an announcement from the clothing retailer that reported its March results, revealing a slide in sales for the twelfth straight month. The retailer reported drop in comparable sales for three of its biggest brands in March. The company also warned entering April with a high levels of inventory that could affect the profit margins.
Closing Gender Gap could Gain Silicon Valley $25 Billion GDP by 2025
Submitted by Kunal Garg on Fri, 04/08/2016 - 07:39
Gender gap may not be good after all for corporate. According to several researches diversity is good for the economy as well as businesses. A new McKinsey report revealed that in case Silicon Valley can bridge the gender gap, the technology sector could gain $25 billion in gross domestic product (GDP) by 2025, which will be a nine percent increase. The San Francisco city could move its GDP around $45 billion by 2025.
Will Golden Gate be the Right Choice to Turn Around Pacific Sunwear of California Inc?
Submitted by Ajay Saxena on Fri, 04/08/2016 - 07:34
On Thursday, Pacific Sunware of California Inc., the retail clothing brand which focuses on youth oriented culture and lifestyle of California, filed for bankruptcy. Its plan includes handing over control to San Francisco, California based private-equity firm Golden Gate Capital expectations that the lender has the recipe to rescue the troubled fashion retailer mainly meant for the teens.
EPA Delays Unveiling of Clean Up Plan for Portland Harbor
Submitted by Anil Dayal on Thu, 04/07/2016 - 08:48
A proposed cleanup plan by the federal regulators was anticipated for the heavy metal and PCB-laden Portland Harbor but it has been delayed abruptly and will be unveiled later.
Earlier, it was to be released on coming Monday but on Wednesday, the officials of the U. S. Environmental Protection Agency (EPA) said that it will not come out till the first week of May.
An EPA spokesman said the environmental agency workers require some more time to create the electronic portal which will publish the plan and supporting documents.
