Archive for Business

NJCU’s Accounting Program Ranked #5 in the State

According to the NJBIZ 2017 Book of Lists, NJCU’s accounting program moved up the rankings, from #7 last year to #5 this year.(35)

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Sears Filing Document Expressing Doubt About Its Future

And we quote: “Our historical operating results indicate substantial doubt exists related to the Company’s ability to continue as a going concern. We believe that the actions discussed above are probable of occurring and mitigating the substantial doubt raised by our historical operating results and satisfying our estimated liquidity needs 12 months from the issuance of the financial statements. However, we cannot predict, with certainty, the outcome of our actions to generate liquidity, including the availability of additional debt financing, or whether such actions would generate the expected liquidity as currently planned.”(48)  Here is the entire report as filed with the SEC.

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March 8, 2017 Announcement of the List of Radio Shack Stores Closing

Using the company’s “store locator” feature and clicking on the “store closing” box along with the “no limit” distance option will give you what stores are closing. Most seem to be in the Mid-West.

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A Look Inside SnapChat

For an in-depth look at SnapChat, a secretive company, read its IPO. Here are some interesting data: what risk factors might hinder its growth?(p 12); it had 158 million Daily Active Users at the end of December 2016(12);  age and title of its executive officers (125); that “Our team is kind, smart, and creative” (119); that “Snap Inc. is a camera company. We believe that reinventing the camera represents our greatest opportunity to improve the way that people live and communicate. Our products empower people to express themselves, live in the moment, learn about the world, and have fun together.” (60); who they think their audience is (66); and their top ten advertising markets (118). Much more can be gleaned from this document.

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New Closings of Kmart and Macy’s Stores in New Jersey

Kmart closings are here; Macy’s closings are listed here (scroll down through the press release).

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New York Area Companies’ Historical Annual Reports

Want to read annual reports from Abraham & Strauss from 1926 through 1942; how about late 19th century reports from the Edison Electric Illuminating Company? These and 33 other New York area companies are highlighted in this project from Columbia University –  Columbia Historical Annual Reports. More than 700 reports comprised of 18,000+ pages are made available. You can search by company name or by industrial sector. The 1890 report from Edison Electric provides all sorts of insights into life in New York City at the turn of the century: how many customers, the number of lamps installed, the geographical distribution of the company’s products, revenue, and some comparisons going back to 1884. Presents unique primary source material.

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New Jersey Assembly Bill To Hike Gas Taxes and Reduce Sales Taxes

We guarantee that this bill will have a lot of people talking.

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