May 24, 2017 at 11:31 am #29271
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.June 26, 2017 at 9:42 am #30185
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.June 27, 2017 at 7:46 pm #30240Andy BrownParticipant
Takata was egregiously negligent and doesn’t deserve any other outcome.June 29, 2017 at 10:18 pm #30310paulwalkerParticipant
Hold The Phone!
Walgreens calls off merger with Rite-Aid!
But Walgreens will still buy and convert about half the Rite-Aids.July 18, 2017 at 11:54 am #30667
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.August 5, 2017 at 12:15 pm #31037
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.August 5, 2017 at 7:36 pm #31038mwdxer1Participant
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.August 7, 2017 at 10:37 am #31068
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.August 15, 2017 at 7:42 pm #31236
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.August 16, 2017 at 10:30 am #31253
You have two more days to do your ENU shopping. 🙁August 17, 2017 at 12:48 pm #31285MixmasterdmcParticipant
Wow! I built many computers from parts I bought at ENU. Sad to see it go.August 17, 2017 at 4:59 pm #31287
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.August 18, 2017 at 10:43 am #31328
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.September 19, 2017 at 1:30 am #31882semoochieParticipant
Toys R Us files Chapter 11: https://finance.yahoo.com/news/toys-r-us-files-bankruptcy-protection-035152559–finance.htmlDecember 13, 2017 at 8:47 pm #33729
While not a bankruptcy, the SE 82nd Ave. & Foster Rd. Fred Meyer is closing. Last day of operation around January, 20, 2018.
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