Hints and tips:
Related Special Reports
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...They don’t have the resources, esprit de corps or a history to look back on.”...
...He said the pension fund had taken the opportunity to reduce some holdings, such as in high-grade credit, to build cash reserves....
...He hasn’t announced a blank-cheque deal since January, when his Social Capital Hedosophia Holdings Corp V announced a tie-up with the digital lender SoFi....
...Sears and ESL declined to comment. Gymboree did not have an immediate comment....
...A US circuit court said as much as part of the 1979 case of Zweig v Hearst Corp, which found that a newspaper columnist touting a stock could be sued for securities fraud for failing to disclose he owned...
...The SoftBank portfolio also includes a majority stake in its Japanese telecoms unit and a majority stake in Arm Holdings, the UK chip designer, among other things....
...In Counter-Strike: Global Offensive, a popular video game developed and published by Seattle-based Valve, players can choose to become terrorists — planting bombs and holding hostages — or counter-terrorist...
...The bankrupt estate of Sears Holdings is suing Eddie Lampert, the US retailer’s longtime chairman and billionaire backer, arguing he and other shareholders “siphoned” more than $2bn from the company before...
...Appearing via video link from a locked down Madrid, Ms Botin said those estimates were based on a “V-shaped” recession — a sharp shock followed by a rapid recovery, but stressed this was only one possible...
...Xerox wants to give HP’s board its walking papers We’re all guilty of overusing the David v Goliath trope but in the case of Xerox and HP, it really does apply....
...Time will resolve . . . and we will see a sharp V-shaped recovery,” Mr Son said....
...Just two minutes after a deadline passed for Sears to decide whether to give the go-ahead to a rescue bid from its billionaire backer Eddie Lampert, Sears disclosed that Dean Schwartz, president of its hardlines...
...Eddie Lampert, no surprise, is the only person left trying to resurrect Sears Holdings....
...The billionaire investor who has controlled Sears Holdings, the once-mighty US retailer, since 2004 is trying to pull off a last-ditch deal to buy a portion of the company out of bankruptcy for $5bn....
...But he added: “Mr Lampert’s dedication to Sears really is without question.”...
...Sears, ESL, and Lazard, the company’s adviser, declined to comment....
...Sears had begun preparing to wind down after independent directors expressed major reservations about the plans from Mr Lampert, Sears’ chairman and one of its biggest creditors, to snap up hundreds of stores...
...Sears and ESL declined to comment. Unsecured creditors had expressed opposition to further deals between ESL and Sears....
...Retail names were buoyed on reports earlier this year that Sears Holdings would ask a bankruptcy judge if it can proceed with liquidation....
...Eddie Lampert, the billionaire hedge fund manager who fought a decade-long losing battle to turn around Sears Holdings, has launched a last-minute bid for the bankrupt US retailer to avert a liquidation...
...A committee of Sears’ unsecured creditors has already criticised previous transactions between ESL and Sears, claiming the hedge fund may have extracted value from the company on favourable terms....
...About 23,000 positions at Sears have already gone or will go as a result of closures following its bankruptcy in mid-October, when the company employed about 68,000 people....
...Mr Lampert’s various financing deals at Sears were supposed to buy the company a “runway”....
...M-III Partners was launched three years ago by Mo Meghji, a turnaround expert credited with reviving Springleaf Holdings, the consumer finance company, and Suleman Lunat, a former portfolio manager in the...
International Edition