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Macy’s Wants Your Size 8 Dress to Fit Like One
Business

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
Finances

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
Finances

Carvana Strikes Deal to Avert Cash Crunch

The used-car seller will sell stock and pledge assets to back new debt. Source link

Carvana Soars On Debt-Restructuring Deal, Launches Stock Offering
Business

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
Finances

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
Business

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

Goldman Sachs Profit Falls 58% on Consumer-Lending Pullback
Finances

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