‘Our goal is to save 33K jobs’
Mitch Modell, the former CEO of a famous New York sporting goods chain that went bankrupt four years ago, wants to buy bankrupt retailers Party City and Big Lots. Modell, the family-run company that features the viral jingle “I gotta go to Moe's,” is seeking to raise $1 billion in a bid to provide a […]
Jobless claims surge by 33K to highest level in over a year
Last week, the number of Americans filing for unemployment benefits surged to the highest level in a year, but analysts say this is more due to Hurricane Helen and Boeing machinists than to a broader softening in the labor market. It is said that this is likely due to the impact of the strike. The […]
NJ Gov. Murphy greenlights $33K pay hike for lawmakers, other raises
New Jersey Democratic Gov. Phil Murphy signed a bill that increases legislators' salaries from $49,000 to $82,000, along with raises for their successors and other senior officials. Murphy signed the bill on Tuesday, according to a news release from his office. He did not comment on the bill, which was passed by the Democratic-led Legislature […]