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Macy's Launches New Brand Promising Better-Fitting Clothes
The department-store chain tackles the problem of inconsistent sizing with new private-label brand, On 34th. Source link
Goldman Sachs Isn't Transforming Fast Enough
The bank’s shrinking principal investment holdings still make earnings too volatile Source link
Carvana Strikes Deal to Avert Cash Crunch
The used-car seller will sell stock and pledge assets to back new debt. Source link
Russia Puts Chechen Official, Local Businessman in Charge After Seizing Western Assets
What to Read Next Source link
Carvana Soars On Debt-Restructuring Deal, Launches Stock Offering
Carvana shares surged Wednesday after the used-car retailer said that it had reached a bond-swap deal to reduce its debt by $1.2 billion and launched
Warburg Pincus Names Jeffrey Perlman President
The 40-year-old will take over from Timothy Geithner, who will become chairman of the private-equity firm. Source link
Microsoft, Activision Blizzard Extend $75 Billion Merger Deadline
The extension, until mid-October, allows the companies to continue with efforts to gain regulatory approval in the U.K. Source link
U.K. Clinches $5 Billion EV-Battery Plant as Race for Green Investments Heats Up
The move by the owner of Jaguar Land Rover throws a lifeline to Britain’s industry, which has a patchy record in the global race to
Goldman Sachs Profit Falls 58% on Consumer-Lending Pullback
The bank also took impairments related to real-estate investments, much of it tied to office properties. Source link