On today’s edition of Rob Black’s Winners and Losers, our financial expert Rob Black and KRON4’s James Fletcher talk about the U.S. job market tightening, Toys ‘R’ Us blames Amazon and iHeartMedia files for bankruptcy.
The number of Americans filing for unemployment benefits fell last week, pointing to sustained labor strength even as economic growth appears to have slowed early in the first quarter.
Toys ‘R’ Us Inc, the iconic toy retailer, will shutter or sell its stores in the United States after failing to find a buyer or reach a deal to restructure billions in debt, putting at risk about 30,000 jobs.
HeartMedia Inc filed for Chapter 11 bankruptcy as the largest U.S. radio station owner reached an in-principle agreement with creditors to restructure its overwhelming debt load.