Kmart store in Arroyo Grande to close down
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Read More →Kmart sued for violating UCSB patent on LED bulbs
A South Korean semiconductor company recently sued Kmart for allegedly violating a UC Santa Barbara professor’s patent on LED light bulbs. Seoul Semiconductor sued Kmart Corp. in federal court in Los Angeles Sept. 9 for allegedly violating several patents, including one owned by UCSB Professor Shuji Nakamura. The lawsuit accuses Kmart of making, using, importing Read More →
Read More →Goodbye to Haggen grocery stores
Wikipedia states that strategic bankruptcy occurs when an otherwise solvent company makes use of the bankruptcy laws for a specific business purpose. An example of this was in 2002 when Kmart filed a Chapter 11 bankruptcy. Kmart had a severe cash flow problem because it was locked into long-term leases at premium rates with respect Read More →
Read More →China finds out the hard way that it isn’t easy to knock off No. 1
China’s sudden move to devalue its currency earlier this month has caused a lot of hand-wringing and cost hedge funds a ton of money. But it also teaches a lesson that often is learned painfully — it’s easy to lose your way when you try to be No. 1. That’s why I think the yuan Read More →
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