Ascena Retail Group Inc. has sold the intellectual property and certain other assets and liabilities of the Justice tween division to an entity formed by Bluestar Alliance LLC, a brand management company. The purchase price was about $90 million. The deal was made through “a comprehensive sale process and a competitive auction” conducted in bankruptcy […]
(Reuters) – Wall Street’s main indexes advanced on Wednesday as signs of a working COVID-19 vaccine raised hopes of a faster-than-expected economic rebound, with technology stocks bouncing back from steep losses this week.FILE PHOTO: The U.S. flag covers the front facade of the New York Stock Exchange (NYSE) in New York City, New York, U.S., […]
The New Yorker has fired the star journalist Jeffrey Toobin after an investigation into his behavior during a work video call last month, the magazine’s parent company, Condé Nast, said on Wednesday. As a result of the internal investigation, Mr. Toobin “is no longer affiliated with our company,” Condé Nast’s chief people officer, Stan Duncan, […]
FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco, U.S., October 11, 2019. REUTERS/Ann Saphir(Reuters) – Dallas Federal Reserve Bank President Robert Kaplan said on Tuesday he was “cautious and concerned” about downside economic risks in the short run because of the resurgence of the coronavirus, but […]
By RNZ The strength of the housing market has caught the Reserve Bank (RBNZ) “completely off guard” and its decision to consider bringing loan-to-value ratio restrictions back is not surprising, an economist says. “As recently as the August monetary policy statement, they were forecasting negative 7 per cent house price inflation for the year ended […]
The U.S. flag covers the front facade of the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 9, 2020. REUTERS/Brendan McDermid(Reuters) – Futures tied to the S&P 500 dipped in choppy trading on Tuesday as worries about the extent of the COVID-19 pandemic’s economic impact resurfaced, a day after Wall […]
Now that a group led by Simon Property Group and Brookfield Property is set to get the keys to J.C. Penney, Wall Street will be focusing all the more on what it means to be a landlord-retailer hybrid. Even as a Texas judge was in the midst of a 12-hour marathon hearing that ultimately saw […]
SHENZHEN, China (Reuters) – Huawei Technologies [HWT.UL] plans to sell its budget-brand Honor smartphone unit in a 100 billion yuan ($15.14 billion) deal after years of pressure from U.S. trade curbs made on grounds that the technology firm is a national security threat.FILE PHOTO: The Huawei logo is seen at the IFA consumer technology fair, […]
During a year that’s seen a pandemic, economic fallout, an ongoing social justice movement and a presidential election like no other, magazine media has had plenty to contend with. But some titles have fared much better than others. Nearly 40 percent of magazines that publish on at least a quarterly basis have seen their audience’s […]
OPINION Beijing’s move to squash Ant Group’s IPO illustrates a larger problem for China. We all know that Guangzhou is the world’s factory, and that China is that master of cheap manufacturing. But to become a true powerhouse, China has to do better in areas like intellectual property protection, innovation and entrepreneurship – all of […]