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Hilcorp gives every employee $100K bonus, Report

Hilcorp gives every employee $100K bonus

Hilcorp has given each of its employees a $100K bonus this year. Employees of this Houston company are having a very merry holiday season. Everyone at Hilcorp — all 1,381 employees — received a $100K Christmas bonus, according to KDFW. “It’s just a true gift,” receptionist Amanda Thompson told the station. Read More »

Canadian household debt hits record high, Report

Canadian household debt hits record high, Report

Canadian household debt compared to income rose to a record in the third quarter as the rate of borrowing outpaced growth in disposable income, data from Statistics Canada showed on Monday. The latest set of figures likely reinforce concerns government and central bank officials harbor about the risk posed to the economy by high levels of consumer debt. Read More »

Urban Outfitters to Buy Vetri Family Restaurants “Report”

Urban Outfitters to Buy Vetri Family Restaurants

Urban Outfitters, purveyors of skinny jeans and casual beanies, announced this morning it had acquired a majority of The Vetri Family group of restaurants. One of the city’s most well-regarded chefs, Marc Vetri and his business partner Jeff Benjamin established the restaurant group, which includes Pizzeria Vetri, Osteria, Amis, Alla Spina, Vetri and Lo Spiedo, which is located in the ... Read More »

Education Management Corporation to Pay $95.5 Million in Settlement

Education Management Corporation to Pay $95.5 Million in Settlement

Education Management Corp.’s new CEO hopes Monday’s settlement of federal charges will help the for-profit education company move forward. The Education Management Corporation will pay $95.5 million to settle a 2007 lawsuit asserting that it illegally received federal student aid by paying admissions recruiters on the basis of how many students they enrolled while lying about it to the Education ... Read More »

Target closing 13 U.S. stores in January 2016 “Report”

Target closing 13 U.S. stores in January 2016

US-based discount retailer Target is closing 13 stores across the US due to reduced profitability over the past few quarters. Following months of layoffs and a bungled Canadian expansion—and two years after a massive customer credit card data breach—the company has decided to close 13 stores, including locations in Austin, Texas; Columbus, Ohio; Louisville, Kentucky; and Milwaukee, Wisconsin. This follows ... Read More »

Telus to cut 1500 jobs but hike dividend 5 percent

Telus to cut 1500 jobs but hike dividend 5 percent

One of Canada’s largest telecommunications companies will slash its workforce. Vancouver-based Telus will cut 1,500 positions to save an estimated $125 million per year. “While TELUS is one of the largest and most important infrastructure investors in Canada and has established a track record for leveraging these capital decisions, the generational investments we make also come with parallel investments in ... Read More »