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


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