David’s Bridal Files for Bankruptcy, May Close All Stores
David’s Bridal LLC filed bankruptcy for the second time and could close all of its nearly 300 stores if the company is unable to find a buyer in the coming weeks.
Bloomberg Business
Stock Market Keeps Going Up, But Skeptics Hold Tight to the Bear Case
Climbing a wall of worry is one thing. Scaling the towering monolith of skepticism that currently comprises Wall Street’s view of markets takes uncommon courage.
Manchester United Shares Drop as Glazer Family Weighs Keeping Control
Manchester United plunged on a report that the Glazer family may stay at the helm of the sports club.
Schwab Leaders Say Firm Can Weather Storm After Deposit Drop
Charles Schwab Corp. executives said the firm can withstand the turmoil roiling US banks, while pausing stock buybacks in response to the industry’s worst crisis since 2008.
BlackRock’s Assets Seen Topping $15 Trillion in Five Years’ Time
BlackRock Inc.’s assets under management are set to exceed $15 trillion in five years’ time, analysts at Morgan Stanley said, with the broker predicting that fixed income and cash management will help propel the investment manager’s growth.
MSG Sells Tao Nightlife Group to PokerStars Billionaire’s Investment Firm
The deal for the operators of Tao and Lavo is valued at around $550 million.
Pentagon Sounds Alarm Over Biden Plan for Offshore Wind Sites
The Defense Department has raised concerns about East Coast areas earmarked for new wind farms in a setback for the fledgling industry.
Supreme Court Wary of Broad Ruling in Slack Shareholder Case
The US Supreme Court hinted at a narrow ruling in a case involving Salesforce Inc.’s Slack unit as the court considered restricting shareholder suits over company statements issued as part of a direct listing.
US Workers Demand at Least $76,000 to Start a New Job
US employers could face a bill of almost $76,000 to bring a new worker aboard in tight labor markets, according to research by the Federal Reserve Bank of New York.
Macron Floats Labor Reforms to Quell Anger Over Pension Law
Emmanuel Macron said he wants to work with unions to change French labor rules as the embattled president seeks to move past his controversial pension reform that has sparked widespread protests and dented his popularity.
