Wednesday, June 25, 2008

At the Brink of Nuclear War-U.S. vs. Russia

Nuclear chief warns of 'ball of fire'
The Australian, Australia - Jun 22, 2008
DUBAI: The UN nuclear watchdog chief yesterday predicted that any military strike on Iran could turn the Middle East into a "ball of fire" and lead Iran to ...

Israeli source: IAF drill a 'dress rehearsal' for attack on Iran
Ynetnews, Israel - Jun 21, 2008
Political official, described as familiar with long-ranged mission held earlier this month over Mediterranean, tells The Times 'Iranians should read the ...

Crossfire War - Hamas Warns of "Public Explosion in All Directions"
NewsBlaze, CA - Jun 4, 2008
It is also designed to set the stage for Hezbollah-Lebanon- Syria's then Iran's entry into the front against Israel and for Tehran to unleash more attacks ...

RGE Monitor
Rising Risk of a Military Confrontation between Israel and Iran?
RGE Monitor, NY - Jun 18, 2008
Is there a significant chance that Israel will attack by year end Iran’s nuclear facilities? The German magazine Spiegel argues so in a two-part article ...

ElBaradei threatens to resign over Iran dispute: report
Tehran Times, Iran - Jun 18, 2008
TEHRAN - The head of the United Nations atomic watchdog has said he would offer his resignation if the major powers make serious threats against Iran over ...

'Ball of fire' if Iran attacked: IAEA chief
AFP - Jun 21, 2008
DUBAI (AFP) — The UN atomic watchdog chief warned on Saturday that an attack on Iran over its controversial nuclear programme would turn the region into a ...

Debating whether high oil prices will push the U.S. into bankruptcy, with Mark Waggoner, of Excel Futures, and John Kilduff, of MF Global

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US retailers to close hundreds of stores
Inquirer, UK - Jun 24, 2008
... lock have cash-strapped US consumers staying out of retail stores in droves, and this is forcing dozens of US retailers to close hundreds of stores. ...

1. Ann Taylor closing 117 stores nationwide A company spokeswoman said the company hasn't revealed which stores will be shuttered. It will let the stores that will close this fiscal year know over the next month.

2. Eddie Bauer to close more stores - Eddie Bauer has already closed 27 shops in the first quarter and plans to close up to two more outlet stores by the end of the year.

3. Cache closing stores - Women's retailer Cache announced that it is closing 20 to 23 stores this year.

4. Lane Bryant, Fashion Bug, Catherines closing 150 stores nationwide The owner of retailers Lane Bryant , Fashion Bug , Catherines Plus Sizes will close about 150 under performing stores this year. The company hasn't provided a list of specific store closures and can't say when it will offer that info, spokeswoman Brooke Perry said today.

5. Talbots, J. Jill closing stores - About a month ago, Talbots announced that it will be shuttering all 78 of its kids and men's stores. Now the company says it will close another 22 under performing stores.

The 22 stores will be a mix of Talbots women's and J. Jill, another chain it owns. The closures will occur this fiscal year, according to a company press release.

6. Gap Inc. closing 85 stores - In addition to its namesake chain, Gap also owns Old Navy and Banana Republic. The company said the closures - all planned for fiscal 2008 - will be weighted toward the Gap brand.

7. Foot Locker to close 140 stores - In the company press release and during its conference call with analysts today, it did not specify where the future store closures - all planned in fiscal 2008 - will be. The company could not be immediately reached for comment

8. Wickes is going out o f business - Wickes Furniture is going out of business and closing all of its stores, Wickes, a 37-year-old retailer that targets middle-income customers, filed for bankruptcy protection last month.

9. Goodbye Levitz - The furniture retailer, which is going out of business. Levitz first announced it was going out of business and closing all 76 of its stores in December. The retailer dates back to 1910 when Richard Levitz opened his first furniture store in Lebanon , PA. In the 1960s, the warehouse/showroom concept brought Levitz to the forefront of the furniture industry.

The local Levitz closures will follow the shutdown of Bombay.

10. Zales, Piercing Pagoda closing stores - The owner of Zales and Piercing Pagoda previously said it plans to close 82 stores by July 31. Today, it announc ed that it is closing another 23 under performing stores. The company said it's not providing a list of specific store closures. Of the 105 locations planned for closure, 50 are kiosks and 55 are stores.

11. Disney Store owner has the right to close 98 stores The Walt Disney Company announced it acquired about 220 Disney Stores from subsidiaries of The Children's Place Retail Stores. The exact number of stores acquired will depend on negotiations with landlords.

Those subsidiaries of Children's Place filed for bankruptcy protection in late March. Walt Disney in the news release said it has also obtained the right to close about 98 Disney Stores in the U.S. The press release didn't list those stores.

12. Home Depot store closings - ATLANTA - Nearly 7+ months after its chief executive said there were no plans to cut the number of its core retail stores, The Home Depot I nc.ann ounced Thursday that it is shuttering 15 of them amid a slumping U.S. economy and housing market. The move will affect 1,300 employees.

It is the first time the world's largest home improvement store chain has ever closed a flagship store for performance reasons. Its shares rose almost 5 percent. The Atlanta-based company said the under performing U.S.stores being closed represent less than 1 percent of its existing stores. They will be shuttered within the next two months.

13. CompUSA clarifies details on store closings Any extended warranties purchased for products through CompUSA will be honored by a third-party provider, Assurant Solutions. Gift cards, rain checks, and rebates purchased prior to December 12 can be redeemed at any time during the final sale. For those w h o h ave a gadget currently in for service with CompUSA, the repair will be completed and the gadget will be returned to owners.

14. Macy's - 9 stores -

15. Movie Gallery - 160 stores as part of reorganization plan to exit bankruptcyThe video rental company plans to close 400 of 3,500 Movie Gallery and Hollywood Video stores in addition to the 520 locations the video rental chain closed last fall.

16. Pep Boys - 33 stores

17. Sprint Nextel - 125 retail locations New Sprint Nextel CEO Dan Hesse appears to have inherited a company bleeding subscribers by the thousands, and will now officially be dropping the ax on 4,000 employees and 125 retail locations. Amid the loss of 639,000 postpaid customers in the fourth quarter, Sprint will be cutting a total of 6.7% of its work force (following the 5,000 layoffs last year) and 8% of company-owned brick-and-mortar stores, while remaining mute on other rumors that it will consolidate its headquarters in Kansas. Sprint Nextel shares are down $2.89, or nearly 25%, at the time of this writing.

18. J. C. Penney, Lowe's and Office Depot are scaling back

19. Ethan Allen Interiors: The company announced plans to close 12 of 300+ stores in an effort to cut costs.

20. Wilsons the Leather Experts - 158 stores

21. Pacific Sunwear will close its 154 Demo stores after a review of strategic alternatives for the urban-apparel brand. Seventy-four under performing Demo stores closed last May.

22. Sharper Image: The company recently filed for bankruptcy protection and announced that 90 of its 184 stores are closing. The retailer will still operate 94 stores to pay off debts, but 90 of these stores have performed poorly and also may close.

23. Bombay Company: The company unveiled plans to close all 384 U.S.-based Bombay Company stores. The company's online storefront has discontinued operations.

24. KB Toys posted a list of 356 stores that it is closing around the United States as part of its bankruptcy reorganization. To see the list of store closings, go to the KB Toys Information web site, and click on Press Information

25. Dillard's to Close More Stores Dillard's Inc. said it will continue to focus on closing under performing stores, reducing expenses and improving its merchandise in 2008. At the company's annual shareholder meeting, CEO William Dillard II said the company will close another six under performing stores this year.

Profile for CON-WAY INC - Yahoo! Finance

I would suggest to watch the industry leader during all this economic transportation/ retail meltdown...

Mervyns closes Alameda store; 100 jobs lost
San Jose Mercury News, USA - Jun 19, 2008
San Mateo-based Con-way Inc., the largest US regional trucking company, won't make any acquisitions in 2008 as it avoids adding debt, its finance chief said ...

Dunkirk trucking company closes
Evening Observer, NY - Jun 10, 2008
However, an employee answering the company telephone Tuesday verified that Path Truck Lines had, indeed, closed at the end of last week. ...

Memphis Daily News
Con-way Freight Grows as Industry Shrinks
Memphis Daily News, USA - 12 hours ago
That growth can be seen in the company’s local footprint, which grew extensively when Con-way Freight moved its operations from a 14-acre spot on Carrier ...
Con-way outlook cut to negative on lower than expected opg ...
Forbes, NY - Jun 23, 2008
MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services revised its rating outlook on Con-way Inc. to negative from stable, citing the company's ...CNW

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