August Market Happenings

August Market Happenings

•          Sears is closing 28 more Kmart stores as the retailer’s struggles continue.

Sears in August

•          If you’re an Amazon Prime member, count on special discounts at Whole Foods.

Amazon 5 year

•          The WSJ reports that Chevron CEO John Watson intends to resign.

Chevron August 

•          LG will build a production facility outside of Detroit to supply electric vehicle components.

LG August

•          French oil company Total is buying Maersk’s oil and gas division in a deal worth $7.45 billion.

Total August

•          Macy’s is reorganizing several of its departments and cutting 100 jobs.

 

Macy August

•          China Life and Baidu plan to launch a $1 billion private equity fund.

China Life August

Baidu August