Business Timeline

Walmart Walkout: 1,000 Protests Planned Nationwide On ‘Black Thursday’

walmart walkout

Walmart walkout protests are reportedly growing as the day many employees are calling “Black Thursday” approaches. The Making Change at Walmart website claims that 1,000 protests during the Thanksgiving evening and Black Friday 2012 sales will occur around the country. Warehouse and store employees reportedly walked off the job on Wednesday in Southern California. The… Read more »

GameStop Plans To Close 200 Stores By Next Year

GameStop

GameStop is planning to close roughly 200 stores by next year, according to Business Insider. The company is the largest video game retailer in the world. Reports indicate that the company has been hit hard by the rise in mobile gaming. Since many people can play games such as Angry Birds on their phones for… Read more »

Papa John’s Obamacare Cost: Five Cents Per Pizza

Five Cents Per Pizza

Papa John’s will have to fork over five cents per pizza to afford health care for its full time employees, according to UPI. Although Papa John’s International Chief Executive Officer John Schnatter has stated that providing health care for his employees would cost the company 10 to 14 cents per pizza, a recent Forbes study… Read more »

Mark Cuban: Facebook Pushing Us Away

Mark Cuban power balance scam NBA

Dallas Mavericks owner and billionaire Mark Cuban has sent a public email out saying that he is finally fed up with Facebook. He says the social networking giant has been drilling him for super high fees that change per post and that he is sick of the added expense and hassle. Cuban said that he… Read more »

Hostess Closes Plants In Three States After Nationwide Strike

hostess

Hostess Foods announced it is closing its facilities in Cincinnati, St. Louis, and Seattle on Monday. Ohioans for Workplace Freedom blames forced unionization for the failure to negotiate contacts which would have allowed the company to recover from fiscal woes. Hostess has supplied generations of children with lunchbox sweet treats. The company was founded in… Read more »

Priceline Acquires Kayak For $1.8 Billion

Priceline Acquires Kayak

Priceline.com Inc. has purchased Kayak Software Corp. for $1.8 billion. The deal includes both cash and stock options. The deal arrives less than four months after Kayak became a publicly traded company. Priceline’s Board of Executives will pay $40 per share for Kayak, a 29 percent premium over the company’s closing price of $31.04. The… Read more »

Used Car Prices Are Expected To Spike Thanks To Hurricane Sandy

Used Car Prices

Used car prices are expected to spike in the coming months thanks to the damage caused by Hurricane Sandy, according to the Los Angeles Times. It’s estimated the storm laid waste to over 250,000 used cars in the Northeast last week. An exact figure is presently being tabulated. Car buyers in the market for a… Read more »

7,000 Starbucks Locations Now Accepting Square Wallet

Paypal and Square Wallet

Starbucks locations throughout the United States are now accepting Square Wallet. The program allows users to pay for their coffee without pulling out their credit or debit card. Square Wallet is a mobile system that stores credit and debit cards, loyalty cards, and other information, all while helping users gain rewards points and other helpful… Read more »

Suzuki To Stop Selling Cars In The US After Nearly 30 Years

Suzuki Bankruptcy

Suzuki to stop selling cars in the US after three decades, according to The Wall Street Journal. The company stated it is currently having a difficult time turning a profit. Instead of selling compact cars to Americans, Suzuki Motor Corp. will focus its strengths on motorcycles, all-terrain vehicles, and marine equipment. The company explained that… Read more »

Netflix Hostile Takeover: Company Plans ‘Poison Pill’ For Carl Icahn

Carl Icahn

The Netflix hostile takeover that could be in the works is getting a dose of poison, according to CNet. Now that billionaire investor Carl Icahn has amassed 10 percent of the company’s shares, executives are reportedly pursuing preventative measures. The company announced today that it is preparing to unleash what is referred to as a… Read more »

Disney Buys LucasFilm, Plans New ‘Star Wars’ Movie For 2015

george lucas

Are you ready for a new Star Wars movie? Disney announced today that it was acquiring LucasFilms and could soon be adding another movie to the franchise. Disney said that it is hoping to release Star Wars: Episode 7 in 2015. George Lucas said: “For the past 35 years, one of my greatest pleasures has… Read more »

Urban Outfitters Is Selling Shirts With Anti-Romney Slogans

anti-romney shirts Urban Outfitters

Urban Outfitters is offering a group of t-shirts featuring anti-Romney slogans. The clothing company is no stranger to controversial phrases on their garments. In the recent past, critics chastised the decision to sell shirts with a Holocaust-era Star of David, according to ABC News. The clothing store apparently believes that taking a partisan stand in… Read more »

Penguin Merges With Random House

Penguin merges with Random House

Bertelsmann and Pearson will be merging their respective publishing divisions, Random House and Penguin. Marjorie Scardino, chief executive of Pearson, said: “Together, the two publishers will be able to share a large part of their costs, to invest more for their author and reader constituencies and to be more adventurous in trying new models in… Read more »

Halloween Candy Expected To Generate $2.4 Billion In Sales

Halloween 2012 Candy Sales

Halloween candy sales are expected to top $2.4 billion this year, according to the Chicago Tribune. These numbers are much bigger than those posted by treat manufacturers over the past ten years. Susan Whiteside, spokesperson for the National Confectioners Association, explained that Halloween is the most lucrative time of the year for candy sales. “Candy… Read more »

Amazon Posts First Quarterly Loss In Four Years

Amazon Loses Tons Of Money In Q3 2012

Amazon on Thursday posted its quarterly financials, and, for the first time in four years, the company lost money. The online retail giant blamed its woes in part on the European debit crisis and following recession. Buyers in Europe have caused a reduction in consumer demand. Amazon profits were also hurt because of heavy spending… Read more »