Shares of Amazon.com Inc. AMZN, -3.65% fell 3.66% to $ 2,986.55 on Thursday, in what turned out to be a poor trading session for the stock market, with the S&P 500 Index SPX, -1.23% falling 1.23% to 3,235.66 and Dow Jones Industrial Average DJIA, -1.30% falling 1.31% to 26,652.33. This …
Read More »Mall owner Simon and Authentic Brands bid $ 305 million for Brooks Brothers
A pedestrian wearing a mask passes a Brooks Brothers store closed during the COVID-19 crisis on May 6, 2020 in Vancouver, Canada. Andrew Chin | fake pictures A company known as Sparc LLC, which is comprised of American mall owner Simon Property Group and apparel licensing firm Authentic Brands Group, …
Read More »Macy’s gave $ 9 million in bonuses to executives after thousands of job cuts
Jeff Gennette, President and CEO of Macy’s Inc. Mark Kauzlarich | Bloomberg via Getty Images Macy’s handed out $ 9 million in capital awards to six top executives days after laying off about a quarter of its corporate workforce. Department store chain CEO Jeff Gennette received restricted shares worth $ …
Read More »News updates: Walmart will require all shoppers to wear skins
At the Roosevelt Field Mall in Garden City, New York, a sign is displayed requiring customers to wear masks when entering the store. Photo by Al Bello / Getty Images Text size Here’s what you need to know about the impact of Covid-19 to navigate the markets today. • Oklahoma …
Read More »JC Penney Gets More Time From Lenders In Search Of Survival
An empty parking lot is seen outside a closed JC Penney Co. store on Mt. Juliet, Tennessee, Thursday, April 16, 2020. Luke Sharrett | Bloomberg | fake pictures JC Penney will fire nearly 1,000 employees as he works out a plan with his lenders to emerge from bankruptcy. The struggling …
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