A shakeup at the corner offices of UK banking giant Barclays is a blow to the venerable brand and leaves the company without strong leadership. Two days after chairman Marcus […]
Gordon Walsh started working as the CEO today. Delta Tucker Holdings, parent of national security contractor DynCorp International and a holding company in the Cerberus Capital Management family, announced the selection on July 11. Walsh, previously worked for L-3 Communications, Lockheed Martin, Loral, and KPMG.
June 30, 2014
In an update last week, D&B Editor Alex Biesada detailed the financial struggles plaguing Hastings Entertainment. The music and movies retailer (books and video games too) — which operates some 125 stores in about 20 states — is struggling with falling demand for its products amid continued weakness in the economy and consumers’ migration to digital content. It has witnessed declining revenue over most of the last decade, and in fiscal 2014 (ended January) reported its third consecutive year of net losses. Hastings has scheduled a vote in mid-July on going private. Follow Alex on Twitter.
July 21, 2014
Citing declining demand, Samsung SDI plans to shut down its plasma TV display business by November 2014, according to Reuters. Samsung’s decision mirrors that of Panasonic, which announced its intention to cease plasma display production late last year. LG Electronics is also expected to exit the plasma market. While many experts believe plasma-based devices offer better picture quality than TVs with liquid crystal displays (LCDs), LCDs have been more popular with consumers. LCD advantages include larger screens, greater energy efficiency and brightness, and a thinner, lighter form factor. See more trends in our Audio & Video Equipment Manufacturing profile.