U.S. Cellular Corp. will lay off 55 workers in Indiana – including nine in Fort Wayne – as the company tries to concentrate on more profitable markets, a company email said Tuesday.
The Chicago-based carrier filed a Worker Adjustment and Retraining Notification Act notice regarding 765 impacted jobs in Chicago, St. Louis, central Illinois and three other Midwest markets, including Indiana.
Spokeswoman Laura Lualhati on Tuesday said it is possible some workers will be offered positions at other stores, but nothing is finalized.
U.S. Cellular has employees at Glenbrook Square and the Northcrest Shopping Center. Both locations will close.
In November, Sprint Nextel Corp. said it agreed to buy U.S. Cellulars service areas in the Midwest for $480 million to boost its network capacity in that region. Sprint, the third-largest U.S. cellphone carrier, is acquiring 585,000 customers in Illinois, Indiana, Michigan, Missouri and Ohio.
The sale resulted in the layoffs.
See-through pants pulled by Lululemon
Lululemon has yanked its popular black yoga pants from store shelves and online after it found that the sheer material used was revealing too much of its loyal customers.
The see-through yoga garb is the latest in a series of quality glitches that threaten to alienate the retailers hardcore fan base, which has been more than willing to shell out $100 for pants and other athletic garments.
Lululemon Athletica Inc. said on its website that it first began to understand the extent of the problem on March 11 as part of its weekly call with store managers, who voiced worries about sheerness.
Lululemon didnt immediately respond to queries about whether the problem was discovered when customers started to return the Luon pants, the latest batch of which went on sale at the beginning of the month.
Senate panel backs choice for SEC chief
A Senate panel has approved Mary Jo Whites nomination to lead the Securities and Exchange Commission and sent it along for a final vote.
The Senate Banking Committee approved Whites nomination on a 21-1 vote. Sen. Sherrod Brown, D-Ohio, was the only member to object. White is expected to be confirmed by the full Senate and become the first former prosecutor to lead the agency that oversees Wall Street.
The panel also advanced Richard Cordrays nomination to continue as director of the Consumer Financial Protection Bureau. His nomination was approved on a 12-10 party-line vote. All Republican members opposed the nomination. They have also opposed the newly created agency and have expressed interest in curtailing Cordrays power.
Citigroup to settle suit for $730 million
Citigroup has agreed to pay $730 million to settle a class-action lawsuit that claimed investors were misled by the banks disclosures when they purchased its debt and preferred stock.
The investors purchases were made from May 11, 2006, through Nov. 28, 2008.
Citigroup Inc. denied the allegations and said in a statement late Monday that it agreed to the settlement so it could get rid of further expenses and uncertainties that come along with drawn-out litigation.