The company said the closures are being made to cut costs and improve shareholder value. It estimates that over the next three years the closures will generate between $80 million and $90 million in cash.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.
-- Written by Brittany Umar.