Tuesday Morning closing 230 stores, files bankruptcy
27 May 00:00 • 5 articles
Tuesday Morning closing 230 stores, files bankruptcy
DALLAS, TX - Off-price retailer Tuesday Morning filed for Chapter 11 bankruptcy protection Wednesday with plans to close more than a third of its stores. Tuesday Morning had been struggling when the coronavirus pandemic began and went into a free fall when it was forced to temporarily close its locations due to the crisis. The company joins a growing list of retailers that have tumbled into Chapter 11 bankruptcy during the pandemic, including J.C. Penney, Neiman Marcus and J. Crew. In each case, the companies were already in rough shape before the pandemic began due to excessive debt and declining foot traffic. Tuesday Morning, which sells a wide variety of merchandise including home decor, bath and body goods, crafts, food, and toys, hopes to stay in business while using the bankruptcy process to restructure its operations. The company plans to permanently close about 230 of its 687 stores this summer. Of those, it has already identified 132 that will be shuttered, including 17 in California. "These stores were…
27 May 00:00 • Inlandnewstoday • 5627894672453768675.htmlOff-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores
Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.
27 May 13:05 • Business Insider • 6060062400281951394.htmlTuesday Morning becomes 5th big retailer to file Chapter 11; 230 stores to close
Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.
27 May 11:18 • KNOE 8 News • 9048639191231399006.htmlOff-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores, Business Insider - Business Insider Singapore
Business Insider - Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.. Read more at businessinsider.sg
27 May 13:05 • www.businessinsider.sg • 5090408756513193122.htmlOff-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores
Off-price retailer Tuesday Morning has filed for bankruptcy. The company plans to close approximately 230 of its stores.
27 May 13:05 • Business Insider Malaysia • 8325046883097623714.htmlRare penny struck in Northern Ireland breaks auction records
27 May 13:20 • 3 articles
Rare penny struck in Northern Ireland breaks auction records
The 17th century coin from Carrickfergus sold for £6,200.
27 May 13:20 • Shropshire Star • 3480199991523515828.htmlRare penny struck in Northern Ireland breaks auction records
The 17th century coin from Carrickfergus sold for £6,200.
27 May 13:20 • Express & Star • 7324224459069693364.htmlRare penny struck in Northern Ireland breaks auction records
The 17th century coin from Carrickfergus sold for £6,200.
27 May 13:22 • Jersey Evening Post • 6141642773605096884.htmlAir France agrees to cut many domestic flights
27 May 00:00 • 3 articles
Air France agrees to cut many domestic flights
The CEO of Air France-KLM has announced substantial changes to the domestic network of Air France…
27 May 00:00 • Business Traveller • 900610881805129657.htmlAir France to cut 40% of domestic flights after bailout
Air France pledges to halve its carbon emissions from domestic flights by 2024 as part of the conditions for receiving state aid
27 May 13:30 • Rappler • 1882105643869094599.htmlAir France to cut 40% of domestic flights after bailout
French government has made any bailout contingent on profitability improvements
27 May 13:15 • Gulf News • 2086521545629263179.htmlValuation of Plus Two answer papers begins
27 May 13:59 • 3 articles
Valuation of Plus Two answer papers begins
Due safety precautions taken in view of COVID 19 pandemic
27 May 13:59 • The Hindu • 6679535025650105725.htmlEvaluation of Plus Two answer scripts begins in southern districts
Evaluation of answer scripts for Plus Two public examination formally began in several southern districts of the State on Wednesday.Though the examinations were held in March, the valuation exercise w
27 May 13:57 • The Hindu • 6679535024274203667.htmlPlus Two answer papers evaluation begins in TN, over 40,000 teachers involved
Evaluation of class 12 public exam answer papers, which got delayed due to Covid-19 induced lockdown, commenced across Tamilnadu, except Chennai, from this morning. Continue Reading →
27 May 05:29 • News Today • 4115950001821353678.htmlPandemic creating ‘lockdown generation’ as one in six youths stop work ― UN
27 May 13:37 • 2 articles
Pandemic creating ‘lockdown generation’ as one in six youths stop work ― UN
The COVID-19 pandemic has caused surging unemployment worldwide, but has hit young workers especially hard, forcing under 29 to stop working.
27 May 13:37 • Vanguard News • 4125100340327918368.htmlPandemic creating ‘lockdown generation’ as one in six youths stop work: UN
The Covid-19 pandemic has caused surging unemployment worldwide, but has hit young workers especially hard, forcing more than one in six people aged under 29 to stop working, the UN said Wednesday.
27 May 12:50 • Hindustan Times • 696565557862198649.htmlAirline debt to balloon by 28% - Heavy new debt levels will weigh down recovery
27 May 09:47 • 2 articles
Airline debt to balloon by 28% - Heavy new debt levels will weigh down recovery
GENEVA - The International Air Transport Association (IATA) released an analysis showing that the airline industry’s global debt could rise to $550 billion by year-end. That’s a $120 billion increase over debt levels at the start of 2020. $67 billion of the new debt is composed of government loans ($50 billion), deferred taxes ($5 billion), and loan guarantees ($12 billion). $52 billion is from commercial sources including commercial loans ($23 billion), capital market debt ($18 billion), debt from new operating leases ($5
27 May 09:47 • TravelDailyNews International • 1304175789358916813.htmlCoronavirus aftermath: Airlines to reel under massive debts; will weigh down recovery
With airlines across the globe remaining shut in the wake of coronavirus lockdown, the debt mount up will weigh heavily on carriers and may even hamper recovery.
27 May 13:47 • The Financial Express • 1288289579967809975.htmlZUBR Granted Gibraltar’s In-Principle DLT Approval
27 May 13:35 • 2 articles
Digital Asset Derivatives Platform ZUBR Receives “In Principle” Approval from the Gibraltar Financial Services Commission
ZUBR, a digital asset platform to arbitrage using derivatives, has received "in-principle" approval from the Gibraltar Financial Services Commission (GFSC) t
27 May 13:35 • Crowdfund Insider • 6834688073199238161.htmlZUBR Granted Gibraltar’s In-Principle DLT Approval
ZUBR has received an in-principle decision from the Gibraltar Financial Services Commission to grant the firm authorisation as a DLT provider
27 May 13:57 • Finance Magnates • 8992138266574465984.htmlDow climbs 325 points as investors cheer efforts to boost global economies
27 May 13:35 • 2 articles
Dow climbs 325 points as investors cheer efforts to boost global economies, Business Insider - Business Insider Singapore
Business Insider - The European Commission proposed on Wednesday a $826 billion stimulus package intended to aid recovery from the ongoing recession.. Read more at businessinsider.sg
27 May 13:35 • www.businessinsider.sg • 5090408757282187262.htmlDow climbs 325 points as investors cheer efforts to boost global economies
US stocks rose Wednesday as investors were encouraged by signs that international authorities are taking measures to boost the global economy.
27 May 13:35 • Business Insider Malaysia • 8325046883866617854.htmlWharton professor Jeremy Siegel lays out why a record-high stock market in 2020 remains ‘a real possibility’
27 May 13:01 • 2 articles
Wharton professor Jeremy Siegel lays out why a record-high stock market in 2020 remains 'a real possibility', Business Insider - Business Insider Singapore
Business Insider - Fresh risk-on attitude and the Fed's lending efforts can drive a strong rally as long as a second wave of COVID cases is avoided, Siegel said.. Read more at businessinsider.sg
27 May 13:01 • www.businessinsider.sg • 5090408756920649840.htmlWharton professor Jeremy Siegel lays out why a record-high stock market in 2020 remains ‘a real possibility’
Wharton finance professor Jeremy Siegel still sees a scenario where the stock market breaches new highs before the year is out, despite reopening risks, historic unemployment, and a deep recession.
27 May 13:01 • Business Insider Malaysia • 8325046883505080432.htmlWalmart Goes Full-Throttle on Resale With ThredUp
27 May 04:01 • 2 articles
Walmart Goes Full-Throttle on Resale With ThredUp
As part of an ongoing mission for fashion dominance, Walmart enters resale.
27 May 04:01 • WWD • 5490910668907005475.htmlWalmart partners with online fashion reseller thredUP
May 27 (UPI) -- Retailer Walmart said Wednesday it's partnering with consignment company thredUP as a measure to boost online fashion sales.
27 May 13:27 • UPI • 8257973864413712989.htmlLIC launches pension scheme with 10-year term policy for senior citizens
27 May 10:00 • 2 articles
LIC launches pension scheme with 10-year term policy for senior citizens
According to data, the number of folios with 44 fund houses rose to 9,04,28,589 at the end of April, from 8,97,46,051 in the end of March, registering a gain of 6,82,538 folios.
27 May 10:00 • The Financial Express • 1288289579728624292.htmlPMVVY scheme modified! Senior citizens can get Rs 18,500 per month pension for 10 years
In the Modified PMVVY, the interest rate will keep varying depending on the financial year in which the investment is made.
27 May 13:04 • The Financial Express • 1288289580571645701.htmlBanks would need additional capital buffer of $20 bn, says Credit Suisse
27 May 13:50 • 2 articles
Banks would need additional capital buffer of $20 bn, says Credit Suisse
Slippage of 20% on loans under moratorium to weigh on capital ratios
27 May 13:50 • Business-Standard • 1502508926324748449.htmlIndian banks need $20 billion additional capital as credit quality weakens: Credit Suisse
The lenders would require extra capital in the coming 12 months as credit quality declines, resulting in wider provisioning
27 May 12:19 • Business Today • 1145527430828778737.htmlUS priest who founded Knights of Columbus to be beatified
27 May 13:02 • 2 articles
US priest who founded Knights of Columbus to be beatified
VATICAN CITY — The founder of the Knights of Colombus, the influential U.S.-based lay Catholic organization, is moving a step closer to possible sainthood. Pope Francis has approved a miracle attributed to the intercession of the Rev. Michael McGivney, a Connecticut priest who died at age 38 of pneumonia in 1890 during a pandemic similar …
27 May 13:02 • City NEWS 1130 • 5858657119469742184.htmlUS priest who founded Knights of Columbus to be beatified
The founder of the Knights of Columbus, the influential U.S.-based lay Catholic organization, is moving a step closer to possible sainthood. Pope Francis has approved a miracle attributed to the intercession of the Rev. Michael McGivney, a Connecticut priest who died at age 38 of pneumonia in 1890 during
27 May 12:01 • Yahoo • 7097669638233785919.htmlPound Sterling advances against Euro and Dollar after EU Rows back on Fishing and Haldane Cools Negative Interest Rate Expectations
27 May 07:54 • 2 articles
Pound Sterling advances against Euro and Dollar after EU Rows back on Fishing and Haldane Cools Negative Interest Rate Expectations
The British Pound advanced by over a percent against the U.S. Dollar and half a percent against the Euro as markets welcomed a bevvy of developments including rumours of progress on fishing in deadlocked EU-UK trade negotiations and a senior Bank of England policy maker quelled expectations for negative interest rates
27 May 07:54 • The Pound Sterling Live • 6614579508390190913.htmlPound Sterling "Blown Off Course by Frosty Brexit Talks", Dips 0.5% against Euro and Dollar
The British Pound has suffered an abrupt shift in fortunes as it fell from top of the leaderboard amidst a fresh injection of nerves concerning the status of ongoing Brexit talks
27 May 13:43 • The Pound Sterling Live • 6614579507548817621.htmlInvestor wealth surges by Rs 2 lakh crore as markets rally
27 May 00:00 • 2 articles
Investor wealth surges by Rs 2 lakh crore as markets rally
Led by the rally in equity market, the market capitalisation of BSE-listed companies soared Rs 2,01,549.38 crore to Rs 1,23,62,539.79 crore.
27 May 00:00 • Moneycontrol • 1603024964848320130.htmlInvestor wealth surges by Rs 2 lakh crore as markets rally
India Business News: Investor wealth surged by Rs 2,01,549.38 crore on Wednesday following a rally in the broader market. The 30-share BSE Sensex settled 995.92 points or
27 May 13:43 • The Times of India • 6060938664830356453.htmlLeo Puri to take over as Chairman of JP Morgan
27 May 10:40 • 2 articles
Leo Puri to take over as Chairman of JP Morgan
Kalpana Morparia to retire
27 May 10:40 • BusinessLine • 5283600241092517.htmlJP Morgan's Kalpana Morparia set to retire; Leo Puri to take over the reins
Takes charge in the first quarter of Calendar 2021; Murali Maiya to be new CEO
27 May 13:08 • Business-Standard • 1502508925184604455.htmlPakistan army shoots down Indian spy quadcopter at LoC
27 May 13:45 • 2 articles
Pakistan army shoots down Indian spy quadcopter at LoC
RAWALPINDI, Pakistan: Pakistan army has shot down an Indian spy quadcopter at the Line of Control (LoC) near the Rakh Chakri Sector, the Inter Services Public Relations (ISPR) said. In a statement on Wednesday, the ISPR said that the Indian spy quadcopter had intruded 650 meters inside Pakistan’s administered Azad Jammu and Kashmir (AJK). “Intrusion by the Indian spying quadcopter is Saffron terrorism,” the Director General ISPR Major General Babar Iftikhar said.
27 May 13:45 • Dispatch News Desk • 1078940131219950264.htmlPakistan Army shot down Indian spy drone that crossed over LoC: ISPR
The spy drone had crossed over 650 metres into Pakistani territory and was shot down in the Rakh Chakri sector
27 May 00:00 • www.geo.tv • 9037559357590271569.htmlSingapore fintech firm secures $17M to build out platform | ZDNet
27 May 05:59 • 2 articles
Singapore fintech firm secures $17M to build out platform | ZDNet
Raking in $17 million in its latest fund raising, GoBear will be looking to build up a "full-fledged financial services platform" and tap an estimated base of 300 million in the region who remain underserved by existing market offerings.
27 May 05:59 • ZDNet • 591556592279589308.htmlSingapore Fintech GoBear Secures $17 Million Through Latest Investment Round to Expand Financial Services For Asian Markets
GoBear, a Singapore-based fintech, has reportedly secured $17 million through its latest investment round. The investment brings GoBear’s total funding to $97
27 May 13:55 • Crowdfund Insider • 6834688073140666444.htmlFrom boom to bottom: Renault and Nissan bet on deeper cooperation
27 May 13:36 • 2 articles
From boom to bottom: Renault and Nissan bet on deeper cooperation
As Renault, Nissan and junior partner Mitsubishi repair their alliance, they are under pressure to recover from two years of falling vehicle sales, a problem exacerbated by the coronavirus pandemic
27 May 13:36 • Business-Standard • 1502508924805508353.htmlTimeline: From boom to bottom: Renault and Nissan bet on deeper cooperation
(Reuters) - Renault SA (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors have no plans to merge and will instead focus on a new production sharing plan to cut costs and improve efficiency, Chairman Jean-Dominique Senard said on Wednesday.
27 May 11:35 • Reuters • 8334514180972436677.htmlOnly 40% jobseekers think layoffs won't happen, finds survey
27 May 09:24 • 2 articles
Only 40% jobseekers think layoffs won't happen, finds survey
Around 50% of job seekers said they are utilising this time to focus on up-skilling, as per a survey.
27 May 09:24 • The Economic Times • 7653256037307386262.html1 in 10 Indian jobseekers lost job, most think layoff imminent: Survey
Jobseekers from the IT, pharma, medical or healthcare and BFSI industries were less impacted by layoffs and salary cuts as compared to their counterparts from other industries.
27 May 13:46 • Business-Standard • 1502508924755060131.htmlBritish Land suffers £1bn hit from retail tumult
27 May 08:53 • 2 articles
British Land suffers £1bn hit from retail tumult
Property company dented by coronavirus impact and boom in ecommerce
27 May 08:53 • Ft • 707176888946131383.htmlBritish Land reveals fewer than half of retail tenants paid rent in March
The commercial landlord, which owns shopping centres and office space, has written down the value of its retail portfolio by 26%.
27 May 13:58 • Jersey Evening Post • 6141642774139943872.htmlStocks To Buy After The Buffett Sell-Off
27 May 07:40 • 2 articles
Stocks To Buy After The Buffett Sell-Off
The airlines sold by Berkshire lost 15.8% in value more than other airlines since the Buffett Sell-off began. The Buffett Airlines have less attractive cash val
27 May 07:40 • Seeking Alpha • 5725634556427104138.htmlWarren Buffett dumped the 'big 4' airline stocks in April. They've already recovered from the sell-off he sparked.
Warren Buffett's exit from the 'big four' airlines sparked a sell-off of their shares in early May. Shares in American, Delta, Southwest, and Un...
27 May 13:51 • Business Insider • 3364799147239669773.html