Final goodbye: Roll call of some who died in 2014 – Yahoo News
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FEBRUARY: Maximilian Schell, 83. Austrian-born actor and a fugitive from Adolf Hitler who became a Hollywood favorite and won an Oscar for his role as a defense attorney in “Judgment at Nuremberg.” Feb. 1. Philip Seymour Hoffman, 46. He won a best actor Oscar in 2006 for his portrayal of writer Truman Capote in “Capote” and created a gallery of other vivid characters, many of them slovenly and slightly dissipated comic figures. Feb. 2.
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Is This RadioShack’s Last Christmas? – NASDAQ.com
Data: RadioShack quarterly SEC filings. Worsening conditions forced RadioShack to announce plans to slash $385 million from operations, or “annualized earnings enhancements,” as the retailer terms them. Cost-cutting measures are planned as follows: $105 million in marketing costs $100 million in store operations and regional management $90 million in store closings $41 million for professional fees $28 million in store overhead $21 million for general corporate matters That’s all well and good, but consider that store closings savings. RadioShack admits it first needs approval from its lenders before shuttering those locations and selling assets, and that might not be easy. Earlier this year, the retailer proposed closing up to 1,100 stores, only to have lenders jam on the brakes.Their covenants with Radio Shack would limit store closures to 200 locations, and they haven’t wavered in preventing the retailer from going further because they fear they won’t get paid. Close too many stores and revenue falls through the floor.
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