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Monthly Archives: September 2020
Saks Fifth Avenue Faces Eviction in Miami over $1.9 Million in Past Due Rent
A Miami-area shopping mall is attempting to evict Saks Fifth Avenue, saying the retailer hasn’t paid rent since March and owes approximately $1.9 million in unpaid rent. Saks told its landlord, Bal Harbour Shops LLC, that it couldn’t make lease … Continue reading
Operator of Trump International Hotel in Vancouver files for Bankruptcy
TA Hotel Management LTD, a unit of the Malaysi-based TA Global Bhd, who operates the Trump International Hotel in Vancouver has filed for bankruptcy. The Holborn Group, a Vancouver-based developer, licensed the Trump name in 2013 for the 69-story luxury … Continue reading
Coca-Cola Cuts Thousands of Jobs as Coronavirus Hits Sales
Coca-Cola Co. joined a long list of big U.U. companies in laying off thousands of workers due to the coronavirus crisis. The company is offering voluntary deals across its businesses and promising to halve its number of operating units. They … Continue reading
CFPB Settles with Third Mortgage Company With Regards to Deceptive Advertisements
On August 21, 2020 the Consumer Financial Protection Bureau (CFPB) issued a consent order against California licensed mortgage broker and lender, Go Direct Lenders, Inc. Go Direct offers mortgages guaranteed by the United States Department of Veteran Affairs (VA). Go … Continue reading
Mortgage Delinquencies of 90 Days or More at 10 Year High
Serious mortgage delinquencies hit a 10 year high in July according to a report by financial data firm Black Knight. According to Black Knight, the number of homes with mortgages with delinquencies of 90 days or more but not in … Continue reading
Bed Bath & Beyond Cuts 2,800 Jobs
Bed Bath & Beyond said that it is cutting about 5% (2,800 jobs) of its overall workforce at its corporate headquarters and stores as the retailer looks to shift its business online, reports the Associated Press. The job cuts should … Continue reading