Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday, throwing into doubt the future of the century-old retailer that once dominated U.S. malls but has withered in the age of internet shopping.
A sharp pullback in stocks last week, including the S&P 500’s biggest single-day drop since a market correction in February, has left investors questioning whether this could signal danger for the longest-ever bull run for U.S. equities.
China’s HNA Group is exploring an outright sale and other options for its IT outsourcing unit Pactera and has held talks with investors including Ant Financial [ANTFIN.UL], people with knowledge of the situation said.
Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday, throwing into doubt the future of the century-old retailer that once dominated U.S. malls but has withered in the age of internet shopping.
Higher U.S. tariffs on Japanese car exports are less likely now the two nations agreed to start new trade talks, economists said, but most think U.S. trade friction with China and other economies will have a significant impact on Japan.
SoftBank Group Corp shares tumbled 5.5 percent on Monday, hurt by worries over its ties to Saudi Arabia as well as a broader market sell-off.
Asian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possible slowdown in the Chinese economy and higher U.S. borrowing costs tempered optimism despite a rebound in global equities late last week.
SoftBank Group Corp shares tumbled 5.3 percent on Monday, hurt by worries over its ties to Saudi Arabia as well as a broader market sell-off.
Sears Holdings Corp CEO Eddie Lampert has stepped in to contribute towards a financing package of between $500 million and $600 million that the U.S. department store operator was close to securing on Sunday to fund operations during bankruptcy proceedings, people familiar with the matter said.
Asian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possible slowdown in the Chinese economy and higher U.S. borrowing costs tempered optimism despite a rebound in global equities late last week.
JP Morgan & Chase Co Chief Executive Jamie Dimon and Ford Motor Co Chairman Bill Ford canceled plans to attend a Saudi investor conference, the companies said on Sunday, the latest such high-profile announcements after the disappearance of Saudi journalist Jamal Khashoggi.
Apple Inc has acquired music analytics start-up Asaii, Axios reported on Sunday, citing sources, in a bid to strengthen content recommendations to its music users.
Ford Motor Co Chairman Bill Ford canceled a multi-stop trip to the Middle East, including a planned appearance at a Saudi investment conference, the company said on Sunday, the latest such cancellation after the disappearance of Saudi journalist Jamal Khashoggi.
Barclays Plc is launching a retail account that will offer U.S. consumers a low-cost, digital-only bank with the backing of a major financial institution, the Financial Times reported on Sunday.
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