Saturday, June 6, 2020
Exclusive: Buyout firm Sycamore Partners in talks to buy J.C. Penney - sources
By Mike Spector and Jessica DiNapoliNEW YORK (Reuters) - Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney Co Inc <JCP.N> out of bankruptcy should the U.S. department store chain's negotiations...
Michael Jordan's brand donates $100 million to anti-racist groups
Michael JordanVCG | Getty ImagesMichael Jordan and his Jordan Brand company will donate $100 million social organizations "dedicated to ensuring racial equality" the company announced on Friday.In a joint statement, the basketball Hall of Famer...
FISHER ASSET MANAGEMENT
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of...
May 2020 is hottest month on record
The sun sets behind the Statue of Liberty as it is partially obscured by heat waves from the exhaust of a passing ferry on May 31, 2020 in New York City.Gary Hershorn | Getty ImagesThe...
American Air’s 74% Jump in Flying Signals Travel on the Mend
(Bloomberg) -- American Airlines Group Inc. surged the most on record after the carrier said it would boost July flights 74% compared with this month, signaling that U.S. travelers freed from shelter-in-place orders are returning...
Lawsuit alleges Victoria's Secret has 'toxic culture of sexual harassment'
People walk past a Victoria's Secret store in Barcelona.John Milner | LightRocket | Getty ImagesA shareholder of L Brands, the parent company of Victoria's Secret, is suing the company for records and alleging that its bra...
CDC Plans Dual Flu-Covid Test; Latin America Surge: Virus Update
(Bloomberg) -- The U.S. is developing a test that can simultaneously check for seasonal influenza and Covid-19, a tool that could help health authorities more efficiently determine whether there is a second wave of coronavirus...
American Airlines and other carriers are adding summer flights as passengers slowly return
Passengers board an American Airlines flight to Charlotte, North Carolina at San Diego International Airport on May 20, 2020 in San Diego, California.Sandy Huffaker | Getty ImagesSlowly, the airline business is coming back to life...
OFX Daily Market News
Posted by OFX AUD – Australian DollarThe Australian dollar upturn continued through trade on Wednesday despite Q1 GDP data indicating the Australian economy had tipped into a technical recession. Equities and growth sensitive currencies rallied...
Futures idle as S&P 500 looks to extend win streak
Futures contracts tied to the major U.S. stock indexes held steady during the overnight session Wednesday evening on the heels of yet another robust day on Wall Street and amid one the market's strongest rebounds...