Latest from Aaron Schrank

• Jul 7, 2017

  Hilton appeals to millennials with new cheap and trendy hotel chain

  Hilton opened its 5,000th hotel last month, but this one wasn’t one of the luxury properties the company is known for. The new hotel in Oklahoma City is the first in Hilton’s new low-cost brand called Tru. It’s part of a trend happening across the hospitality industry as major hotels look to bring in millennials.  […]

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• Jul 6, 2017

  A retail story: How LA’s Robertson Boulevard went from paparazzi heaven to vacant stores

  

  Once a hip indie enclave, the street went upmarket when high-end chains moved in. Then they left.

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• Jul 4, 2017

  What’s the Fourth of July without fireworks? Some towns are about to find out

  Not every town can afford a fireworks extravaganza.

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• Jun 29, 2017

  As retailers suffer, Nike wants to just sell things itself

  

  The shoemaker is cutting its workforce and will sell in its own space.

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• Jun 28, 2017

  U.S. territories face economic problems similar to Puerto Rico’s

  Congress has sent auditors to several U.S. territories in the Caribbean and Pacific Ocean, including the U.S. Virgin Islands, Guam and American Samoa. They want to avert the kind of financial mess Puerto Rico got into with $123 billion in bond debt and unfunded pensions.  Click the audio player above to hear the full story.

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• Jun 23, 2017

  Wall Street had a busy day reshuffling popular trading benchmarks

  It was a busy day on Wall Street today, and there was good reason for that. It was the annual reshuffling of the popular trading benchmarks known as the FTSE Russell Indexes. Those indexes track the largest U.S. companies in the U.S. stock market, and they determine what’s in a bunch of securities mutual funds.  […]

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• Jun 23, 2017

  Japan and the EU head for a massive trade deal

  Japan and the European Union say they’re close to agreement on a broad free-trade deal. It would be the largest such pact for the EU. The two trading partners have been hammering out this deal since 2013, but negotiations have taken on new urgency recently.  Click the audio player above to hear the full story.

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• Jun 22, 2017

  Banker to Hollywood elites branches out to South LA

  

  It's part of City National's commitment to the Community Reinvestment Act.

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• Jun 19, 2017

  It could hit 120 degrees in Phoenix during the Southwest’s heatwave. Can the power grid keep up?

  It’s likely that the heat wave California, Arizona and Nevada has been experiencing is going to hit its peak this week. Temperatures could reach as high as 120 degrees in Phoenix. Across the region, the air conditioning will be roaring. But will the power grid be able to keep up?  Click the audio player above […]

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• Jun 13, 2017

  Retailer Gymboree files for bankruptcy to restructure nearly $1 billion in debt

  Children’s clothing chain Gymboree announced Sunday it’s filing for Chapter 11 bankruptcy. The retailer will close about 400 of its 1,300 stores and restructure debt in a bid to stay alive. Gymboree views its troubles as part of the larger challenges facing the retail industry as customers move their business online, but some of its […]

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