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Stitch Fix sinks back near offer price in disappointing IPO

Bloomberg Stitch Fix Inc. initially soared before sinking back near its offer price in a downsized $120 million initial public offering that fell about a third short of its target. The online personal-styling service backed by Benchmark jumped almost 24 percent in its trading debut. After then dropping as much as 1.3 percent below the $15 offer price, the shares ...

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Two-thirds of US vehicles with Takata air bags still not fixed

Bloomberg Nearly two-thirds of the US vehicles containing defective air bag inflators made by Takata Corp. remain unrepaired as automakers have made varying degrees of progress addressing the largest auto recall in US history. As of mid-September, 20 million vehicles containing defective Takata air bag inflators still haven’t been fixed, 64 percent of the 31.5 million vehicles containing the defective ...

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Brexit talks at standoff as Tusk sets ‘ultimatum’

Bloomberg UK Prime Minister Theresa May is stuck in a Brexit stand-off as European leaders set her a deadl- ine to give ground on the exit bill and the future of the Irish border if talks are to move on to trade before next year. “I made clear to Theresa May that this progress needs to happen at the beginning ...

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