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Aggressive tactics are seeping into bankruptcy financing
...Claims from Hindenburg Research, a New York-based short seller, that Adani has engaged in stock manipulation and accounting fraud are a defining test for India Inc....
...The firm had loaned money to the likes of Toys R Us and JC Penney, reporting that such retail loans produced an annualised return exceeding 20 per cent....
...Earl’s identity was exposed on December 6 2016 in an anonymous dossier published online with the title “Zatarra RIP”....
...As the app surged in popularity in the summer of 2020, then president Donald Trump vowed to ban it based on concerns that the Chinese government could use the platform to “build dossiers of personal information...
...Mr Trump last month said TikTok posed a security threat by “potentially allowing China to track the locations of federal employees . . . build dossiers of personal information for blackmail and conduct corporate...
...The online financial conglomerate SBI Holdings has launched a potentially hostile $1.1bn stakebuilding exercise in Shinsei Bank, whose stunning private-equity rescue by JC Flowers 21 years ago reshaped the...
...The $41.7bn in annual sales it pulled in before Covid-19 were almost equal to those of Nordstrom, JC Penney and Gap combined. Its $84bn market value dwarfs that of Macy’s by 17 times....
Simon Property Group and Brookfield win approval to buy US store chain out of bankruptcy
...The Fed’s liquidity could not save JC Penney and Neiman, both of which defaulted last year....
Amid the retail reckoning, the mall landlord is buying up its tenants
How the coronavirus outbreak has accelerated the demise of US department stores
...Four big department store chains — JC Penney, Neiman Marcus, Stage Stores and Lord & Taylor — filed for bankruptcy during the pandemic. Mall traffic has collapsed....
...Shares in Hertz, the car hire group, and JC Penney, the US retailer, have more than doubled in value since the start of the month despite both companies wading through bankruptcy proceedings that could end...
...Ant Group’s mega-IPO prompts investor dash for shares (FT) Moderna rakes in over $1bn in deposits for potential Covid vaccine (FT) WeWork’s new CEO is eyeing an IPO again — after he turns profit (BBG) JC...
US department store is latest retailer to be pushed over the edge by lockdowns
Putting zombie retailers to rest will give the wider sector a chance to breathe easier
...described as giving “the Chinese Communist party access to Americans’ personal and proprietary information — potentially allowing China to track the locations of Federal employees and contractors, build dossiers...
Department store chain’s move is starkest sign yet of distress in US retail sector
...JC Penney’s competitor Sears, after years among the undead, declared bankruptcy in 2018. Many of its stores remain open....
...JC Penney — one of several retailers that entered bankruptcy during the coronavirus shutdowns and which has also drawn the attention of retail investors — also fell sharply on Wednesday, down more than 22...
...BPY is best known for its investments in “trophy” office properties, such as Canary Wharf in London or Lever House in New York, as well as its “core retail” malls with storied tenants such as JC Penney....
...Other distressed companies including JC Penney, Whiting Petroleum and Chesapeake Energy experienced similar volatility....
...Mr Trump said Chinese data collection would let Beijing “build dossiers of personal information for blackmail, and conduct corporate espionage”....
JCPenney shares plunge after company delivers ‘more gloom than the grinch’
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