Posts From King World News
Lumber Liquidators Holdings Inc terminated the employment of its chief merchandising officer, making him the latest top-level executive to leave the wood floorings retailer amid allegations it sourced laminates from China that contained excessive levels of a known carcinogen. Chief Executive Robert Lynch resigned in May, while CFO Daniel Terrell quit in April. The company said on Monday that Chief Merchandising Officer William Schlegel would leave on June 19.
U.S. homebuilders’ are feeling more confident about their sales prospects than they have been since last fall, while their outlook for sales over the next six months is at the highest level in 10 years. …
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CVS Health Corp. will pay $1.9 billion to buy Target Corp.’s pharmacies and clinics, expanding its reach by adding stores bearing its name inside the U.S. retail chain. CVS, which already has 7,800 drugstores, will acquire Target’s more than 1,660 pharmacies across 47 states, renaming them as CVS/pharmacy, the companies said today in a statement. All new Target stores with pharmacy services will include a CVS/pharmacy.
U.S. industrial production unexpectedly fell in May, likely as a strong dollar and energy spending cuts continued to weigh on manufacturing and mining output, bucking signs of an acceleration in the broader economy. Industrial output fell 0.2 percent after a revised 0.5 percent drop in April, the Federal Reserve said on Monday. The production side of the economy continues to struggle against the lingering effects of dollar strength and deep
United Technologies Corp. announced Monday it is shedding helicopter maker Sikorsky Aircraft as it focuses on high-technology products for the aerospace and building industries. The Hartford-based United …
Saudi Arabia’s stock market, valued at $585 billion, opened up to direct foreign investment for the first time Monday, as the kingdom seeks an economic boost amid low global oil prices. The opening of …
Amy Schumer is more than just a funny gal; she’s also an amazing person! While dining out at famed establishment Peter’s Clam Bar on Long Island last weekend, she got into a…
Looks like Emma Roberts is spending quality time with her gal pals following her split from Evan Peters. Just one day after it was reported that the former couple called off their…
Ryan Guzman is the boy next door no more! In preparation for his role in NBC’s Heroes Reborn, the 27-year-old actor has been hitting the gym to build muscle and lose fat in record…
