Posts Tagged ‘company’

KB Toys declares bankruptcy; Faces Liquidation

Thursday, December 11, 2008 15:25 20 Comments

The nations number 2 toy retailer, KB stores has declared bankruptcy and will close down it’s 277 stores citing a “sudden” drop in sales. The companies 11,000 employees will be left looking for work.
KB Stores was founded in 1922. The store began as a candy wholesaler and later grew to become one of the largest [...]

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The Coming Annuity Crisis: Will You be a Casualty?

Wednesday, November 19, 2008 22:25 4 Comments

Are you one of the millions of Americans that has a portion of their retirement assets in annuities? If so, you MUST read this.
Thanks to their hefty brokerage commissions, annuities have become one of the most widely sold and marketed financial products in the US today. Variable annuities have upfront sales costs which range from [...]

This was posted under category: Annuities, HIG, Insurance Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Yahoo CEO Steps Down

Monday, November 17, 2008 21:30 No Comments

Jerry Yang’s troubled tenure as chief executive of Yahoo Inc. ended Monday, when the Internet giant announced that he will step aside and that its board of directors is seeking a replacement.

The 40-year-old Yang’s departure comes after a troubled 17 months in which he presided over the Internet giant he co-founded, a period marked [...]

This was posted under category: Charts, Economy, Finance, Stock Market Tags: , , , , , , , , , , , , , , , , , , , , , , ,
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