Savings

Valentine's Day Massacre: U.S. Navy Eliminating $40 Billion In 6 Weeks

2 days ago   |   By Forbes

In a Valentine's Day Massacre, the Department of the Navy is preparing to announce a crash program to find “at least $40B in real line-of-accounting savings” over the next six weeks. This “Stem-to-Stern Capability Strategic Review” will begin on February 18 and end on March 31. What's getting cut?
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U.S. Watchdog to Investigate Trump's Farm Bailout Program

2 days ago   |   By NY Times

The Government Accountability Office will review how the $28 billion farm bailout aimed at cushioning trade-related losses was spent.
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Jeff Bezos says he's giving $10 billion to fight climate change, about 7.7%...

Jeff Bezos says he's giving $10 billion to fight climate change, about 7.7% of his net worth

Jeff Bezos said he's giving $10 billion to fight climate change and launch a new initiative called the Bezos Earth Fund. "We can save Earth," he said in a post on Instagram... Read more ...

Pier 1 files for bankruptcy, looks for buyer

Pier 1 files for bankruptcy, looks for buyer

Pier 1, the troubled home furnishings retailer that has closed hundreds of stores in recent years, filed for bankruptcy Monday. Read more ...

European Hotel Construction Pipeline Up 29.4% in January

European Hotel Construction Pipeline Up 29.4% in January

Europe reported a 29.4% year-over-year increase in the number of rooms in the final phase of the development pipeline during the month. Read more ...

General Motors to exit Australia, New Zealand and Thailand in cost-cutting move

General Motors to exit Australia, New Zealand and Thailand in cost-cutting move

General Motors is exiting Australia, New Zealand and Thailand to save costs in the underperforming markets and better hone its focus on growth markets as well as on its... Read more ...

Pier 1 braces for sale after filing for Chapter 11 bankruptcy

Pier 1 braces for sale after filing for Chapter 11 bankruptcy

Pier 1, a home goods retailer based in Fort Worth, Texas, has filed for bankruptcy. A press release from Business Wire said that the company is pursuing a "orderly sale... Read more ...

Chinese police put a professor under house arrest, cut his internet, and...

Chinese police put a professor under house arrest, cut his internet, and kicked him off social media after he criticized Xi Jinping over the coronavirus

A Chinese professor who wrote a scathing essay criticizing President Xi Jinping's handling of the novel coronavirus was placed under house arrest and had his internet services... Read more ...

MotoRefi raises $8.6 million to bring its auto refinancing platform to the...

MotoRefi raises $8.6 million to bring its auto refinancing platform to the masses

Americans are saddled with $1.2 trillion in auto loans, according to data collected by the Federal Reserve. And while that debt can be refinanced, even U.S. car owners who know... Read more ...

250 Room The Nautilus Resort, Curio Collection by Hilton to Open 2023 in...

250 Room The Nautilus Resort, Curio Collection by Hilton to Open 2023 in Malaysia

Hilton has signed a 15-year management agreement with Inspirasi Langkawi Sdn. Bhd. to build The Nautilus Resort, Curio Collection by Hilton, a 250-room hotel on the island of... Read more ...

JLL - Global Market Perspective February 2020

JLL - Global Market Perspective February 2020

JLL's latest Global Market Perspective shows that investment and occupier markets are moving at different speeds Read more ...

The youngest comedian to ever win 'Last Comic Standing' says she's making...

The youngest comedian to ever win 'Last Comic Standing' says she's making millions more than when she started her career - but getting there was a 'slow burn'

Over the course of 10 years, comedian Iliza Shlesinger has gone from winning NBC's Last Comic Standing to premiering Netflix specials and an upcoming comedy series. Shlesinger... Read more ...