Sunday , 28 December 2025

Recent Posts

Barneys New York weighs bankruptcy

Bloomberg Luxury department store Barneys New York is considering a bankruptcy filing, Reuters reported, citing unidentified people familiar with the matter. The retailer is working with Kirkland & Ellis LLP to prepare for a potential bankruptcy that could come in the coming weeks, Reuters cited one of the people as saying. Barneys has not yet made a final decision and …

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Walmart e-comm unit seeks new exec while losses pile up

Bloomberg Walmart Inc has a hole to fill at its online unit, and whoever assumes the role faces a big challenge ahead. The company is searching for a new chief revenue officer for its US e-commerce business, who would work under online leader Marc Lore to help map out its battle plan against Amazon.com Inc, Target Corp and other rivals. …

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Oil caps weekly gain as storm buoys market

Bloomberg Oil capped its best week since mid-June as Tropical Storm Barry gained strength, approaching refineries in Louisiana and leaving deserted offshore platforms on its path. Futures in New York gained 4.7 percent for the week after prices held above $60 a barrel for a third day. Forecast to make landfall as a hurricane early Saturday, Barry has already curbed …

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