Hellish linchpin of the world crap economy Wal-Mart has spent this entire year trying to lure Americans back into their low-priced honey trap. Yes, we know, you already buy everything at Wal-Mart, because it's cheap, and also because it put all the other stores out of business. But it's simply not enough.
Teetering teenage titty tableau titillator American Apparel has been wrestling this week with the question of how to get millions of dollars to keep itself alive while still being run by Dov Charney, a crazy person. They've done it! How? They found the minute handful of people in North America who A) have millions of dollars to invest, and B) do not think Dov Charney is a crazy person. What are the chances?
Panasonic's North American headquarters are currently located in Secaucus, New Jersey. Today, the company plans to sign a lease to move its headquarters ten miles down the road to Newark, New Jersey. Why? Because the state of New Jersey paid them more than $100 million (in the form of tax breaks) to do so.
Fashion pimp of trendy hose American Apparel is in mortal financial peril at the moment; it needs an infusion of cash to stave off a possible bankruptcy. Investors have the cash, and the interest in the brand; what they don't have, in all likelihood, is an interest in handing a huge pile of cash over to the sole control of Dov Charney, who—despite his unshakeable confidence in himself—is the one who got the company in this situation in the first place.
Groupon clone LivingSocial just raised a terrifying $400 million in a funding round, half of which will go to the investors smart enough to get in early on this total knockoff coupon site. This comes just months after Groupon raised, like, a billion dollars in their own funding round. Is this even remotely sustainable?
You know exactly who Paul Marcarelli is, even though you don't know that you do. He's the "Can you hear me now?" guy. His be-spectacled face has graced dozens upon dozens of Verizon ads, which have bombarded you for nearly a decade of your life, whether you like it or not.
American corporations have made untold millions by shipping all their call centers and tech support jobs out to India, where you can get nice, educated workers at a fraction of the cost. Or can you?
Don't pull that trigger just yet, suicidal chronically unemployed Americans: Mcdonald's is hiring 50,000 new workers right here in the USA, for positions ranging from cleaning grease traps to supervising the cleaning of grease traps to creating spreadsheets that rank the most cost-effective methods of cleaning grease traps. It's all part of a McDonald's effort to keep its grease traps clean. Along with its image!
Remember to include the Unilever corporation on your Christmas card list this year, ladies: without their groundbreaking research, you wouldn't know enough to be publicly concerned about the hideousness of your armpit region.
When he's not fending off sexual harassment lawsuits from sexting former employees, American Apparel boss Dov Charney is doubling down his bet on his own failing company. Yesterday Charney spent $2 million buying AA shares to increase his stake in the company to 54%. Despite the fact that AA's future as "a going concern" is still in question.
Wal-Mart is currently the subject of one of the biggest workplace discrimination lawsuits in history. Female employees say the company systematically discriminated against them in hiring and business practices. But is a million-person class action suit fair?
