The All-New PDX Radio Corporate Deathwatch

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Viewing 15 posts - 16 through 30 (of 159 total)
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  • #29271
    Alfredo_T
    Participant

    SolarWorld AG has filed for insolvency, which in Germany is similar to Chapter 11 bankruptcy. The company has sent letters to all 800 Hillsboro employees warning them that within the next 60 days, the plant might close, and they might be laid off. SolarWorld blames inexpensive Chinese solar panels for its financial troubles.

    See: http://www.oregonlive.com/business/index.ssf/2017/05/solarworld_files_notice_of_pot.html

    #30185
    Alfredo_T
    Participant

    Takata will be filing for bankruptcy protection, and their stock will be de-listed from the Tokyo Stock Exchange. Most of Takata’s assets, with the exception of those related to the faulty airbag inflators, will be bought by Key Safety Systems, a Chinese-owned company with headquarters in Michigan. Takata airbag inflators have been used in Honda, Toyota, and GM vehicles.

    See: http://money.cnn.com/2017/06/25/news/companies/takata-bankruptcy/index.html

    #30240
    Andy Brown
    Participant

    Takata was egregiously negligent and doesn’t deserve any other outcome.

    #30310
    paulwalker
    Participant

    Hold The Phone!

    Walgreens calls off merger with Rite-Aid!

    But Walgreens will still buy and convert about half the Rite-Aids.

    #30667
    Alfredo_T
    Participant

    A little over a week ago, Solar World announced that it received an infusion of cash. This will prevent closure of the Hillsboro plant, at least for now.

    #31037
    Alfredo_T
    Participant

    On June 15, CornerStone Apparel, a maker of safety clothing, uniforms, and scrubs, filed for voluntary reorganization under Chapter 11. The company Website is still functional: http://www.cornerstoneworkwear.com/

    On June 17, Double Eagle Energy Services, a pipeline builder, also filed for voluntary reorganization under Chapter 11.

    #31038
    mwdxer1
    Participant

    I’m surprised that radio is doing that well with the younger generation, considering a lot around here listen to services like Pandora. They also stream Netflix. They seem not interested in radio or TV as we know it. They never listen or watch the news. Anything they learn is off the internet via the computer, tablet, or phone.

    #31068
    Alfredo_T
    Participant

    Late yesterday night, I heard a report on KOMO that wedding dress maker Alfred Angelo has filed for Chapter 7 bankruptcy protection. Below is a link to the official announcement from Alfred Angelo’s Website. People whose orders have not been fulfilled at this point will not be receiving wedding dresses.

    https://www.alfredangelo.com/

    #31236
    Master of Disaster
    Participant

    Just learned that ENU is closing. (For those who don’t know/don’t remember, they were one of the few warehouse-style computer component shops left.) Website states August 18th will be their last day.

    #31253
    Alfredo_T
    Participant

    You have two more days to do your ENU shopping. 🙁

    #31285
    Mixmasterdmc
    Participant

    Wow! I built many computers from parts I bought at ENU. Sad to see it go.

    #31287
    Master of Disaster
    Participant

    Yeah, surprised me as well. Wouldn’t have known had I not been actively shopping for computer parts myself. (Linux Live CDs only go so far, at some point you really need/want a functioning hard drive.)

    Ended up trekking to Wilsonville where I found what I was looking for and then some. While at Fry’s, I had the feeling that there may have been more employees than customers.

    Learned earlier this week that what’s going on has been named the “Retail Apocalypse” and there’s a very good chance it will merely accelerate the migration to online shopping.

    #31328
    Alfredo_T
    Participant

    I feel a sense of pity for the young victims of the retail apocalypse — those who might have turned to retail for their first jobs or for money to cover living expenses in college. I am reading a piece in The Atlantic (see https://www.theatlantic.com/business/archive/2017/04/retail-meltdown-of-2017/522384/ ) that states that one possible reason for the recent retail meltdown is that people are shopping less and spending more of their money in restaurants.

    #31882
    semoochie
    Participant
    #33729
    Master of Disaster
    Participant

    While not a bankruptcy, the SE 82nd Ave. & Foster Rd. Fred Meyer is closing. Last day of operation around January, 20, 2018.

    http://www.kgw.com/money/business/fred-meyer-to-close-se-portland-location/499311976

Viewing 15 posts - 16 through 30 (of 159 total)
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