July 07, 2017 Foot Locker Loses Appeal on Pension Case
The Second Circuit upheld an earlier decision that Foot Locker’s change in pension benefits failed to disclose that a change from a defined benefit plan to a cash balance plan failed to disclose to employees that their benefits were effectively being frozen as a cost cutting measure. Sports Direct Appears to be Unwinding Position in Finish Line
The U.K. retailer, after accumulating Contracts for Difference in Little Foot that totaled nearly 20% of its outstanding shares in recent week, has recently been closing out its position, it appears. Jawbone Reconstituting as Clinical Services Business
Jawbone is liquidating the company that fought fiercely but without much success against Fitbit in the consumer wearables market, but CEO Hosain Rahman has evidently attracted a new investor and is planning to transition into a new company that will focus on clinical services, according to several media reports.
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