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Corporate News 12 Aug 2020 | 7:00 AM

Brooks Brothers on verge of being sold

NEW YORK: Bankrupt Brooks Brothers Group Inc is on the verge of being sold to a partnership that includes the new owner of Barneys New York and one of the biggest US mall operators.

Business 22 Apr 2019 | 12:00 AM

Tesla takes short seller to court

SAN FRANCISCO: Elon Musk’s war with Tesla Inc short sellers just got weirder.The electric carmaker claims a California man who it says is part of an online group of short sellers has been stalking its Fremont factory and harassing its employees - including dangerously swerving his car toward a Tesla Model 3 that was on a freeway test drive and injuring a Tesla security guard in a hit-and-run on company property.

Business 18 Jan 2019 | 12:00 AM

Retailer Gymboree files for bankruptcy again

SAN FRANCISCO: Children’s clothing retailer Gymboree Group Inc filed for Chapter 11 bankruptcy protection, the second time in almost two years, and said on Wednesday it will close more than 800 Gymboree and Crazy 8 stores.

Business 06 Oct 2018 | 12:00 AM

Short Position

Business news in brief.

Corporate News 17 Oct 2017 | 1:30 AM

Weinstein Company looking to sell

NEW YORK: The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after firing co-founder Harvey Weinstein.

Business 06 Jan 2017 | 12:00 AM

Fed grapples with new problem – faster growth

WASHINGTON: It’s a challenge Federal Reserve officials haven’t talked about in years: The economy could start to run faster than they anticipate, forcing them to raise rates at a quicker pace.

Markets 31 Aug 2016 | 6:59 AM

Hard to detect seismic politics in weather-worn markets

LONDON: You may reasonably wonder just what sort of political upheaval it takes to upset financial markets these days. Despite a series of potentially seismic shifts in the political landscape over the past two years, world asset prices appeared to suffer less and less lasting damage.