The Ticker

1,750 RadioShack stores to also be Sprint locations

RadioShack Corp., the 94-year-old consumer-electronics chain, filed for bankruptcy with a plan to turn about half of its 4,000 stores into Sprint Corp. locations and close the rest.

The company said it has an agreement to sell 1,500 to 2,400 of its locations to a unit of Standard General LP, its biggest shareholder.

Standard General has a deal with wireless carrier Sprint to set up stores-within-stores at as many as 1,750 locations. The rest will be closed under a deal with a liquidator, Hilco Merchant Resources. The company employs about 21,000 people, full and part time.

According to a Bloomberg report Tuesday, Amazon has been considering using some of RadioShack's brick-and-mortar sites for package pickup and drop-off and to showcase its hardware line-up.

Hamburg resigns as FDA chief

After nearly six years as FDA commissioner, Margaret Hamburg announced her resignation from the embattled Food and Drug Administration yesterday in an email to staff. She said the agency's chief scientist, Stephen Ostroff, will serve as acting head of FDA. While seen as stabilizing the FDA after a series of short-term leaders, Hamburg also leaves the agency amid unfinished projects and potential changes. Her successor will have to complete food safety and labeling reforms and contend with a Republican-controlled Congress focused on streamlining drug reviews.

Developer of proposed New Bedford casino in talks with Foxwoods

Developers of a proposed resort casino in Massachusetts on the New Bedford waterfront say Foxwoods is among the gambling companies they are in discussions with to operate the facility.

Former NBA commissioner David Stern, an adviser to KG Urban Enterprises, told Massachusetts regulators yesterday that the company requests a 60-day extension to complete negotiations. He said the New York-based development firm also is in talks with two other casino operators but declined to name them.

Today

• Labor Department releases employment data for January.
• Federal Reserve releases consumer credit data for December.
• Boston Realty Advisors announced that it has appointed Whitney E. Gallivan, left, as partner and managing director of its retail real estate division. Prior to joining Boston Realty Advisors, she worked in the capital markets group at HFF. Gallivan spent the bulk of her career at WS Development, the largest privately held retail developer in the nation.

Anda sedang membaca artikel tentang

The Ticker

Dengan url

http://wartawanlocal.blogspot.com/2015/02/the-ticker.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

The Ticker

namun jangan lupa untuk meletakkan link

The Ticker

sebagai sumbernya