Skype, short for "Sky peer-to-peer," was launched in 2003. eBay bought Skype for $2.6 billion in 2005. Microsoft bought Skype for $8.5 billion in 2011 and replaced Windows Live Messenger with it. On May 5, Microsoft will replace Skype with a free version of Microsoft Teams. Shares of Microsoft closed yesterday at 396.98, a gain of 4.45 (1.13%).
Microsoft shutting down Skype in May
https://apnews.com/article/microsoft...476e01d8d4a473
Charles Walgreen, who had been working at a pharmacy in the Barrett Hotel in Chicago, bought the pharmacy in 1901 and opened a second location in 1910. By 1930, there were more than 500 Walgreens stores nationwide. Walgreens now has around 12,500 stores worldwide but plans to close 1,200 of them over the next three years. Shares of Walgreens closed today at 10.60, a drop of 0.15 (1.4%).
Walgreens to be acquired by private equity firm Sycamore Partners for almost $10 billion
https://www.huffpost.com/entry/walgr...b0a4ad9ebc0a85
King Donald's promise to lower prices "on day one" was, of course, a lie. Consumer prices rose by 3.2% in February and the tariffs King Donald imposed – tariffs which will drive up costs for Americans – are fueling fears of a recession. The Dow has fallen by 1,500 points since King Donald has been in office.
S&P 500, Nasdaq post worst day since 2022 amid recession fears; Dow drops 890 points
https://www.usatoday.com/story/money...r/82179334007/
Korean immigrants (and husband and wife) Do Won Chang and Jin Sook Chang opened their Fashion 21 store in 1984 in the Highland Park district of Los Angeles. They made $700,000 in their first year and began opening more stores, renamed Forever 21. At its peak in 2016, Forever 21 had 811 locations worldwide, including 549 in the United States. The original store, still known as Fashion 21, closed in April 2020. If the company can not find a buyer, all its U.S. locations will close in 2025.
Retailer Forever 21 files for bankruptcy for 2nd time in 6 years
https://www.foxbusiness.com/economy/...d-time-6-years
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