Company News

Staples Inc. and Office Depot Merger, Is that Still a Possibility?

Staples Inc. and Office Depot Merger, Is that Still a Possibility?

Staples, the office supply, furniture and equipment chain retailer has struggled for some time to perk up the revenues as demands decrease for conventional office requirements like filing cabinets and folders. Consumers now prefer to look for cheaper online deals which hurt the demands for conventional office goods.

Chipotle will Shutter Restaurants on Monday for Four Hours for Food Safety Meeting

Chipotle will Shutter Restaurants on Monday for Four Hours for Food Safety Meeti

The E. coli outbreak connected to Chipotle's outlets which began in the Northwest and quickly spread to a number of other states seems to be over now.

Cost Cutting Effort at Macy’s; Job Trimming and Shuttering Shops in the Cards

Cost Cutting Effort at Macy’s; Job Trimming and Shuttering Shops in the Cards

Macy's Inc. suffered its worst holiday sales ever and the disappointed figures forced the retailer to say on Wednesday that it has plans of cutting jobs, relocating staff and exploring other options for its real estate to cut down on the cost. The retailer said it has plans of trimming approximately 4,800 jobs and shut down about forty stores.

FedEx Concedes It will not be Able to Deliver all Packages in Time for Christmas due to Bad Weather and Last Minute Rush

FedEx Concedes It will not be Able to Deliver all Packages in Time for Christmas

In spite of doing their best, FedEx admits that it cannot make all packages delivered on time for Christmas.

Last-minute rush for holiday shipment along with bad weather in certain areas in the U. S has actually made it difficult for FedEx to deliver the huge volumes of packages.

US Court Verdict Says Caterpillar Inc. to Pay $73.6 Million to Miller UK Ltd.

US Court Verdict Says Caterpillar Inc. to Pay $73.6 Million to Miller UK Ltd.

On Friday, a federal jury in Chicago ordered Caterpillar Inc. to pay $73.6 million in damages related to a lawsuit by Miller UK Ltd. The company which is a former supplier of Caterpillar alleged the equipment manufacturer headquartered in Peoria, Illinois of misappropriate its trade secrets.

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