Warren – On the first official day of Art Van Furniture’s bankruptcy, the business was leasing trucks. The 61-year-old furniture and mattress retailer filed for Chapter 11 bankruptcy Sunday night in Delaware, three days after launching clearance sales at most of its 190 stores. On Monday afternoon, the expansive groundsRead More →

Publisher Pearson’s shares took another hit today after the group said sales of its print college course books continued to decline, offsetting growth elsewhere. Former Financial Times owner Economist and Penguin, who now focuses primarily on higher education courseware, has struggled to adapt to the digital shift quickly enough. TheRead More →

PETALING JAYA: Tobacco companies are strategizing aggressively to compete in a tough market environment following shrinking margins, the influx of illicit cigarettes and the rapid growth of the illegal vaping segment. Tobacco majors around the world have announced a significant downsizing amid declining cigarette sales as they struggle to copeRead More →