The clothing company, which posted another annual loss Thursday, said it received a letter from the NYSE saying it’s “not in compliance with the continued listing standards of the Exchange.” It has to submit a plan for how it plans to fix things by March 21.
Police say Sergey Kurchenko, a fugitive oligarch linked to ousted Ukrainian President Viktor Yanukovych and the owner of Ukrainian Forbes, stole over $1 billion. Forbes scion Miguel Forbes approved the deal and served as an adviser to Kurchenko.
On its second-quarter earnings call, Costco’s chief financial officer said the company was exploring options to target younger customers for membership and ways to compete with Amazon Prime.
“A lot of amazing journalists I look up to, instead of looking for his name, looked at all the coders in the world who might have done it.” Update — 8:15 ET. Dorian Nakamoto has denied that he’s the inventor of Bitcoin.
Autumn Radtke, CEO of bitcoin exchange company First Meta, was found dead in her Singapore apartment last week; suicide is suspected. The death comes during a tumultuous week for bitcoin exchanges following the collapse of Mt. Gox in Japan.
The clothing brand said the 30-second spot will air tonight, the first in a series with the comedian for Old Navy’s spring campaign.
And they bought their tickets using Bitcoin, natch.
With all eyes on Russia, a case alleging that money from a massive tax fraud there ended up in Manhattan real estate might be delayed at least six months. “Propose that things are not working smoothly.”
Starboard Value has gone on a hiring and purchasing spree to help with its battle to keep Olive Garden and Red Lobster under one corporate umbrella. How far will they go to keep the chains together?
Urban Outfitters sent customers an email yesterday introducing Without Walls, its new outdoors and fitness brand. Tank tops at prices comparable to Nike and Athleta are joined by expensive tents, ponchos, and even an $88 “performance romper.”
The electronics retailer said the decision comes after a “strategic review of our store footprint.” It’s kind of incredible it had so many locations for this long, at all.
His new book, The Hard Thing About Hard Things, goes on sale today.
“If Russia starts firing bullets, this morning’s slide is nothing.”
It’s crossed the worldwide $1 billion mark!
Olive Garden’s owner showed investors a new logo Monday as it works to reinvigorate the chain. It made changes to the menu last month.
The Silicon Valley venture capitalist responds directly for the first time to billionaire investor Carl Icahn’s campaign against him and eBay.
Russian stocks are down 11% as its central bank jacks up interest rates to keep money from flowing out.
Any damage to Russia’s economy could be “quite minimal.”
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Dan Loeb’s Third Point Partners is demanding Sotheby’s open up all three board seats the $14 billion hedge fund is seeking. At this point, Sotheby’s is only offering one seat for Loeb, and the stock has fallen more than $3 per share in just over 24 hours.
The Wall Street Journal says the Japanese company approached private-equity-owned J.Crew about a potential purchase this week, citing a person familiar with the matter. Updated with Fast Retailing’s U.S. ambitions.
The firm said it had taken a 18.5% loss on its relatively small stake. “It’s going to be worth a lot,” the fund’s co-chief investment officer Michael Novogratz said in October.
Apple makes nearly half a million dollars for each of its 80,300 employees, by far the most of any company on the list.
After Nelson Peltz’s Trian Fund Management released a white paper making the case for a spin-off of the snack division of PepsiCo, which accounts for most of the company’s value, PepsiCo fired back with a strong rejection of the proposal. Your move, Peltz.
Charles River Ventures has quietly emerged as a venture capital force in Silicon Valley.
In front of the Senate, the Federal Reserve chair said there has been “demonstrable improvements” in ending government bailouts for the country’s largest banks.
The teen retailer’s stock jumps after exceeding analysts’ low expectations for the fourth quarter, but its stores are still struggling mightily in the U.S. and Europe.