(Bob Reck)

Struggling SeaWorld Ousts CEO As Part Of 11-Park Restructuring Plan

Struggling theme park and Worst Company in America contender SeaWorld appears to be attempting to revamp its image – starting at the top by replacing its CEO. [More]

6 Things To Know Now Before Buying A GM Or Chrysler Car

6 Things To Know Now Before Buying A GM Or Chrysler Car

With the future uncertain, or at the very least, pretty different from normal, for Chrysler and GM, does it make sense to buy a car from one of these companies? How doe s the restructuring affect you as a potential new car owner? Consumer Reports Online Auto Crisis Center has the answers to six questions every Chrysler and GM car owner will want to know before signing on the line which is dotted.

Chrysler Will Close One Fourth Of Its Dealerships Next Month

Chrysler Will Close One Fourth Of Its Dealerships Next Month

Mark Calisi, 47, who owns Eagle Auto-Mall in Riverhead, New York, says he was “devastated” to learn that his dealership would be closed. He said Chrysler accounts for a third of his business, which also sells Volvo, Mazda and Kia, and that on Thursday he had to sack 30 of his 100 employees.

Ritz Camera Files For Bankruptcy

Ritz Camera Files For Bankruptcy

Ritz Camera, an occasional and colorful character on our blog (scam confessions! feedback bribery!) has just filed for Chapter 11 bankruptcy protection.

http://consumerist.com/2008/07/30/you-starbucks-haters-out-there/

You Starbucks haters out there can rejoice, because the company just posted its first quarterly loss EVAR “of $6.7 million, or 1 cent per share, compared with a year-earlier net profit of $158.3 million, or 21 cents per share.” Store closures and restructuring are to blame, as well as the fact that nobody can afford anything anymore. [Reuters]

http://consumerist.com/2008/02/15/wilsons-leather-is-closing-half/

Wilson’s Leather is closing half of their stores and firing 1,000 people. [Wall Street Journal]

Chiquita Restructures, Cuts 160 Management Positions

Chiquita Restructures, Cuts 160 Management Positions

Militia-funding banana company Chiquita has announced a big restructuring plan that will eliminate 160 management jobs, including 21% of the top three tiers of management, for a savings of $60-80 million dollars in 2008. The company says it will use the savings to pay down debt. It doesn’t mention, however, that last month it was fined $25 million for financially supporting both left- and right-wing paramilitary groups in Colombia from 1997 to 2004.