Facing huge inventory, Target cuts vendor orders, prices
NEW YORK (AP) — Target is canceling orders from suppliers, particularly for home goods and clothing, and it’s slashing prices…
June 2022
After rough run, Kohl’s surges on potential takeover
Shares of Kohl’s spiked more than 11% Tuesday after the retailer said that it is in advanced talks to be…
Citigroup To Hire 3,000 In Asia Institutional Banking Business In Growth Push -Asia CEO
(Corrects to say in the fourth last paragraph uncertainty related to China’s economic situation will continue in the short term)…
Russia claims advances in Ukraine amid barrages, troop boost
KYIV, Ukraine (AP) — Russia claimed Tuesday it has occupied large swaths of eastern Ukraine after a relentless, weekslong barrage…
Credit Suisse Appoints Huang As Head Of APAC Asset Management
By Selena Li HONG KONG (Reuters) – Credit Suisse has appointed Min Huang to lead its asset management business in…
Airline SAS Shares Hit Record Low As Sweden Says No To More Cash
By Anna Ringstrom and Stine Jacobsen STOCKHOLM (Reuters) -The Swedish government will not inject new capital into SAS, its industry…
Amid crypto turmoil, senators propose sweeping oversight
WASHINGTON (AP) — Wide-ranging bipartisan legislation unveiled Tuesday would regulate cryptocurrencies and other digital assets following a series of high-profile…
Musk Threatens To Tear Up Twitter Deal Over ‘material Breach’
By Nivedita Balu (Reuters) – Elon Musk warned Twitter Inc on Monday that he might walk away from his $44…
Euro Zone Investor Morale Improves But Economy Still In Downturn
BERLIN (Reuters) – Investor morale in the euro zone rose more than expected in June, the first increase after Russia’s…
Ted Baker Preferred Bidder Walks Away, Shares Tumble
(Reuters) -Ted Baker said on Tuesday its preferred suitor will not make a takeover offer for the British fashion chain…