Peoria, Illinois based Caterpillar Inc, the maker of machinery and engines said on Thursday that the company will shutter five U. S. plants and trim approximately 820 positions.
The popular construction-equipment maker is cutting back production and employees as a response to continuous drop in demand.
Priceline, the online travel booking company announced on Thursday its CEO Darren Huston has resigned following an internal investigation into a personal relationship with an employee who was not under his direct supervision. However, still the relationship within the company was a violation to its code of conduct.
On Wednesday, HNA Tourism Group Co Ltd, a Chinese company which is a unit of HNA Group Co Ltd, the aviation and shipping conglomerate, said it has agreed to buy Carlson Hotels.
Financial troubles pushed Sport Chalet, the fifty seven year old, La Cañada Flintridge based chain to shutter forty seven of its of stores Southern & Northern California, Arizona, Nevada, and Utah, the company announced this month.