8 Stories

Restaurant Mocked by NYT Is Now Gone for Good

Guy's American Kitchen & Bar, subject of much mockery, served its last meal on New Year's Eve

(Newser) - It started with a scathing New York Times review , followed by pushback from the celebrity chef in the hot seat, and now the saga is ending with a high-profile restaurant closure. The AP reports that Guy Fieri's Times Square eatery, Guy's American Kitchen & Bar, has closed down... More »

Walmart's Shifting Strategy Is a Gut Punch to Rural US

For Exhibit A, look to McDowell County in West Virginia

(Newser) - Reporter Ed Pilkington points out in the Guardian that much has been written about what happens when Walmart opens a store in a particular community. Less so about what happens when Walmart closes a store. Thus, he digs into the consequences for rural McDowell County in West Virginia, where the... More »

RadioShack's 'Bleak' Ending Is Playing Out Online

Depressing tweets as once-giant retailer shuts more than 1,000 stores

(Newser) - As we all headed back to work after the Memorial Day weekend, little did we know that our options for purchasing germanium diodes, walkie-talkies, and electrolytic capacitors were starting to cruelly be yanked away. RadioShack has shuttered more than 1,000 of its storefronts since the holiday weekend and says... More »

Fallen Child of the 2000s: Juicy Couture

60 stores to remain open overseas, but US locations are going bye-bye

(Newser) - Juicy Couture, creator of the terrycloth and velour tracksuits worn by children, retirees, and Britney Spears alike, will close all its US stores by the end of this month. That according to a Racked report picked up by the Huffington Post , which pinpoints when many heard the bell toll for... More »

Cash-Squeezed Calif. to Close Offices Twice a Month

Labor unions file suit opposing cost-saving move

(Newser) - In another creative and/or desperate budgeting move from the Governator, California state offices will close 2 days a month, the Wall Street Journal reports. The state is low on cash and facing a budget deficit expected to swell to $42 billion deficit over the next 18 months. The days off,... More »

In Rare Move, Toyota to Suspend Production in Japan

11-day break amid shrinking demand is first since 1993

(Newser) - Toyota is suspending production at all 12 of its Japanese plants for 11 days over February and March, a stoppage of unprecedented scale for the nation's top automaker as it grapples with shrinking global demand. The last time it halted production at all its Japanese plants was in August 1993,... More »

Optimism Sends Stocks Surging

Investors brush off news of spiking oil prices

(Newser) - Wall Street soared for the second straight day today, rallying in the last hour of trading after a rebound in financial stocks and optimism about private sector jobs helped investors brush off a sharp jump in oil prices. The Dow rose 186 points to 11,583.69, the S&P... More »

Chrysler Will Shut Down for 2 Weeks

Forced July vacation part of automaker's revamping effort

(Newser) - Chrysler plans to shut down all operations for two weeks in July to save money and “accelerate Chrysler's recovery and transformation,” CEO Robert Nardelli writes in a company memo. Employees will take a forced break July 7-20 “in order to create better alignment and efficiency across organizational... More »

8 Stories