Month: June 2020

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Shareholders of Bankrupt J.C. Penney Get a $250,000 Lifeline

June 9, 2020 admin Comments Off on Shareholders of Bankrupt J.C. Penney Get a $250,000 Lifeline

(Bloomberg) — J.C. Penney Co. shareholders got a helping hand Tuesday from U.S. Bankruptcy Judge David Jones.Jones will order the retailer to pay as much as $250,000 in professional fees to support an informal group of shareholders who have been challenging the bankruptcy, he said in a hearing Tuesday. In exchange, the group of retail investors agreed to nix its attempt to have the whole case thrown out along with its request for status as an official group, which could’ve resulted in huge legal bills for J.C. Penney.Shareholders typically get no recovery in a Chapter 11 bankruptcy, but the legal …read more […]

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Macy's says return to normal business at least a year away

June 9, 2020 admin Comments Off on Macy's says return to normal business at least a year away

The retail sector has been among the hardest hit by the economic effects of the health crisis, with J Crew, J.C. Penney and Neiman Marcus Group filing for bankruptcy in May. Macy’s reported nearly $1 billion in operating losses in its first quarter. “We do not see a return to normalized trends until well into 2021 and possibly not until 2022,” interim Chief Financial Officer Felicia Williams said in an interview with Cowen analyst Oliver Chen. As part of the Macy’s efforts to turn into a “smaller company” and cut costs, Williams said it was evaluating all its …read more […]

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3 Winning Retirement Strategies for Senior Investors

June 9, 2020 admin Comments Off on 3 Winning Retirement Strategies for Senior Investors

If you are looking to make the most of your retirement, there are a number of retirement strategies you can use. In this article, we will look at some of the best retirement strategies to make sure you have more than enough money to last. But first, let’s check in and see if you are even ready for retirement.

Are You Truly Ready to Retire?
You may think that as you approach age 65 – or if you already are 65 – that it is time to think about retiring. But are you sure you are really ready? The first step in …read more […]