Outsourcing Giant Interserve with 65,000 Employees Collapses by Don Quijones • Mar 15, 2019 • 37 Comments Shareholders wiped out, 14 Months after competitor Carillion Collapsed.
E-Commerce is Wiping Out Mall Retailers One by One. Here’s the Data by Wolf Richter • Mar 13, 2019 • 100 Comments Department store sales hit a new record low in the data going back to 1992.
Video Game Industry Stalls, Stocks Plunge. What’s Going On? by Adam Williams • Mar 13, 2019 • 83 Comments Layoffs and closures—the beginnings of a major shakeout.
US Banks Report $251 billion of “Unrealized Losses” on Securities Investments in 2018, the Most Since 2008: FDIC by Wolf Richter • Mar 12, 2019 • 21 Comments And other juicy banking nuggets.
Tesla Falls from Grace with Americans, Facebook Plunges to the Ignominious Level of Goldman, Wells Fargo, Sears by Wolf Richter • Mar 6, 2019 • 99 Comments But the US government got them all beat.
The Biggest Retailers Are Too Scared to Disclose this Data. But Nordstrom Just Did by Wolf Richter • Mar 1, 2019 • 75 Comments How its own online sales, now one-third of its total sales, eat its brick & mortar. But it’s a matter of survival.
Carmageddon for Ford in the US, China, and Europe by Wolf Richter • Feb 22, 2019 • 102 Comments The New Emissions & Fuel-Economy Cheating Scandal is just a Dimple.
Next in the Bankruptcy & Restructuring Saga of European and Asian Airlines by MC01 • Feb 17, 2019 • 72 Comments The fate of the A380 is sealed.
I Was Asked About J.P. Morgan’s Blockchain-Based “JPM Coin.” I Ruthlessly Expand it to Other Payment Systems by Wolf Richter • Feb 16, 2019 • 74 Comments Are banks trying to send credit-card-processing fee-gougers Visa, MasterCard et al. the way of Friendster?
This Retailer Bankruptcy Will Lead to the Largest Liquidation by Store Count in the US. Liquidation Sales to Start Next Week by Wolf Richter • Feb 15, 2019 • 117 Comments Brick-and-Mortar Meltdown for its new shareholders: All of them PE firms.
