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Paramount on the Auction Block: Major Studios Warner Bros. Discovery and Skydance Vying for Control
Showfield's Retail Store Struggles: Bankruptcy Amidst Retail Turbulence
Showfield's Retail Store closes due to bankruptcy amid the pandemic, debts, and declining sales, impacting vendors.
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Major Walmart Locations: Iconic 20-Year Store Closure Signals New Global Era
Major Walmart locations close, including a 20-year Kansas store; the site to become an international grocery store, reflecting new retail trends.
J.Crew Closure: Major Clothing Chain Shuts Down in Mall Post-Bankruptcy
Post-bankruptcy, clothing chain J.Crew closes its San Francisco store, affecting 30 employees and marking a trend of major brand departures.
Tesla Announces Plans to Increase Employee Pay Across U.S. Factories
Tesla responds to the United Auto Workers union's organizing efforts by planning to increase employee pay, aligning with other automakers, but specific details remain undisclosed.
Twitch's Workforce Downsizing: Streaming Giant Cuts 35% of Staff in Major Restructuring
Twitch cuts 35% of staff amid financial challenges, high operating costs, and a strategic reshaping by parent company Amazon, also facing widespread job cuts.
Shoppers Bid Farewell as Sears Shuts Down Final New Jersey Location
Sears closes its last New Jersey store in Newport Mall, ending a 40-year legacy and prompting varied shopper reactions amidst the company's decline.
Citigroup's Layoff Expenses and FDIC Charges Lead to $1.7 Billion in Additional Costs
Citigroup faces $1.7B in additional costs, and CEO Jane Fraser's restructuring targets cost reduction and improved performance.
Texas Favorite Whataburger Enters Loan Market, Raises $340 Million
Texas burger chain Whataburger raised $340M in the loan market, aiming for financial growth and equity management.
Prime Video, Amazon Studios to Cut Hundreds of Jobs, SVP Mike Hopkins Announces
Prime Video and Amazon Studios announced layoffs in a restructuring move, while Twitch reduced staff for sustainability.
Coffee Shop Closure: Au Bon Pain Shuts Down Last Boston Location, Ending a 46-Year Legacy
Au Bon Pain, a renowned coffee shop, closes its final Boston location after 46 years, marking an end to its legacy in the city.
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