Construction Equipment Maker Caterpillar Inc Will Shutter Five Plants

Construction Equipment Maker Caterpillar Inc Will Shutter Five Plants 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.

Online Travel Booking Company Priceline’s CEO Resigns Over At-work Relationship

Online Travel Booking Company Priceline’s CEO Resigns Over At-work RelationshipPriceline, 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.

Government changes rules for KiwiSaver withdrawal for buying houses

Owner planning to sell Auckland property for a whopping $10m

China’s HNA Tourism Group Co Ltd Buying Carlson Hotels

China’s HNA Tourism Group Co Ltd Buying Carlson Hotels

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.

Sports Authority Gives Up Reorganization Plan; Will Hold Auction for the Company

Sports Authority Gives Up Reorganization Plan; Will Hold Auction for the CompanyFinancial 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.

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