Forever 21 closing stores in bankruptcy filing shows limits to fast fashion
Fast-fashion retailer Forever 21 filed for bankruptcy late on Sunday, joining a growing list of brick-and-mortar companies that have seen sales hit by the rise of competition from online sellers like Amazon.com Inc and the changing fashion trends dicta…
Wall Street rises as Apple leads rally in technology shares
Gains in technology stocks led by Apple lifted Wall Street’s main indexes on Monday, as investors looked past last week’s reports that Washington was considering delisting Chinese companies from U.S. stock exchanges.
WeWork throws in the towel on ill-fated IPO
WeWork’s parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup ousted founder Adam Neumann as its chief executive officer.
PayPal to enter China market through local acquisition
U.S. digital money transfer platform PayPal Holdings Inc has obtained Beijing’s approval to buy a controlling stake in a domestic payments firm, which would make PayPal the first foreign firm to enter China’s payment services market.
Global stocks inch higher as investors downplay escalating trade war
A rise in U.S. technology stocks and better-than-expected economic data in China pushed global equity markets higher Monday, despite reports that Washington was considering escalating its trade war with China by delisting Chinese companies from U.S. ex…
Retailer Forever 21 to file for bankruptcy, close 178 U.S. stores
Fast-fashion retailer Forever 21 Inc filed for bankruptcy late on Sunday, joining a growing list of brick-and-mortar companies that have succumbed to the onslaught of online sellers such as Amazon.com Inc and ever-changing fashion trends.
Oil drops more than 1% on trade war jitters and Chinese data
Oil slipped on Monday as China’s economic outlook remained weak even as manufacturing data improved, with the continuing trade war with the United States weighing on demand growth for the world’s largest crude importer.
Wall Street higher on Apple-led rally in technology shares
Technology stocks led by Apple lifted Wall Street’s main indexes on Monday, as investors looked past last week’s reports that Washington was considering delisting Chinese companies from U.S. stock exchanges.
Big name IPOs in third quarter brighten gloom for equity market fundraising
A couple of hefty share listings in Europe and the return of AB InBev’s Asian unit float in the third quarter of 2019 brought some hope to a global IPO market battered by political volatility and downbeat global growth expectations.
Sempra Energy to sell Peruvian businesses to China Yangtze for $3.59 billion
Sempra Energy said on Monday it would sell its Peruvian businesses to a unit of China Yangtze Power Co for $3.59 billion, as part of a planned exit from South America to focus on its core U.S. and Mexican markets.
