Business news 2024

[Rewind]

Amazon is the nation's second-largest private employer. (Walmart is the largest.) The Teamsters say this is their biggest strike against Amazon. Amazon says the strike will not have any impact on deliveries. Shares of Amazon closed today at 223.29, a gain of 2.77 (1.26%).

Amazon drivers go on strike at seven hubs
Teamsters walkouts hit facilities in New York, California, Georgia and Illinois less than a week before Christmas.

https://www.huffpost.com/entry/amazo...b00aa16adf1dd7

[Rewind]

Sol Shenk opened the first Odd Lots store in 1982 in Columbus, Ohio. The chain quickly expanded, was renamed Big Lots and at one time had more than 1,400 locations nationwide. Now there are only 963 – soon to be zero.

Big Lots will soon start 'going out of business' sales at its remaining locations

https://www.cnn.com/2024/12/20/busin...les/index.html

[Rewind]

As Willie Nelson sang, "Turn out the lights – the party's over." Party City employees are now out of work and will receive no severance pay.

Party City is going out of business

https://www.cnn.com/2024/12/20/busin...own/index.html

[Rewind]

In terms of revenue, the world's largest automakers are Volkswagen, Toyota and Stellantis. If this merger goes through, Stellantis will fall to fourth place. Shares of Honda closed today at 26.93, a gain of 3.04 (12.75%). Shares of Nissan closed at 5.68, unchanged.

Honda and Nissan confirm plans to merge into third-largest automaker

https://www.caranddriver.com/news/a6...-merger-plans/

[Rewind]

"It ain't over 'til its over" is a famous quote from Yogi Berra. For Big Lots, which announced on December 19 that all its stores will be closing, well, it ain't over.

Big Lots strikes deal to save stores, stop brand from closing
Bloomberg, Dec 27 2024

Bankrupt Big Lots Inc. has struck a deal to save hundreds of stores after an earlier sale of the business fell apart, saving the chain from closing down entirely. The company said today it has agreed to a transaction with Gordon Brothers Retail Partners that will facilitate the transfer of Big Lots’ brand, stores and distribution centers to other operators. The proposed transaction would avert the potential closing of all Big Lots locations after an earlier deal to sell the business to Nexus Capital Management unraveled earlier this month.

Variety Wholesalers Inc., which operates several discount chains in the Southeast and mid-Atlantic region, intends to acquire between 200 and 400 locations as part of the transaction and intends to keep operating stores under the Big Lots name.The proposed transaction is subject to certain closing conditions and must be approved by a bankruptcy judge.

https://finance.yahoo.com/news/big-l...213910840.html