Business

(Bloomberg) – Brooks Brothers Group Inc. received an offer backed by Authentic Brands Group LLC, the owner of Barneys New York, and the owner of Simon Property Group Inc., shopping mall to buy the bankrupt men’s clothing chain and keep it on the business. Backed by Authentic and Simon, Sparc …

The State Department is behind the US ambassador to the United Kingdom, Woody Johnson, amid reports that he made “sexist, racist” and “shame-worthy” comments. In a statement to Fox News, the State Department spokesman said Johnson is a “valuable member of the team” and that he “has led Mission UK …

Disney is delaying the release of some of its biggest box office hits, including “Mulan,” “Star Wars,” and “Avatar,” as the coronavirus pandemic continues to rock the world. “Mulan,” the live-action remake of its animated classic, has been postponed indefinitely, the company said Thursday. It had been scheduled to begin …

German semiconductor maker Infineon was one of the most downed on Friday when European tech stocks plummeted. Matthias Balk / Agence France-Presse / Getty Images European stocks fell sharply on Friday as tech stocks fell and investors were no longer able to avoid mounting tensions between the United States and …

Investment thesis Microsoft (MSFT) continues to move forward, even if the market doesn’t appreciate it: Microsoft’s pace of innovation continues to amaze. Microsoft at 33 times earnings is a much better investment opportunity than many stocks. Although its guidance for the first quarter of 2021 puts Microsoft increasing its revenue …