Tuesday , 16 December 2025

Recent Posts

Foot Locker shares slump on supply-chain concerns

Bloomberg Foot Locker Inc fell the most intraday in nine months after reporting sales that missed Wall Street’s expectations as a supply-chain crunch pressures the sneaker retailer ahead of the holiday shopping season. Comparable-store sales, a key retail metric, rose 2.2% last quarter, the company said. Analysts had been expecting a gain of 2.9%, according to the average of estimates …

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Mystery $100m cash shows up at Wesco

Bloomberg Wesco Aircraft Holdings Inc left bondholders scratching their heads when the struggling aerospace supplier added about $100 million of cash to its balance sheet, seemingly overnight and without much explanation. They’re trying to parse what happened after the company, which is backed by billionaire Tom Gores’ Platinum Equity, privately informed investors about a set of transactions that depleted and …

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UBS, Deutsche set the course for next era with new heads

Bloomberg Two of Europe’s banking giants picked the leaders who will help chart their next era as they named successors for the chairmen who steered them through a decade of restructuring. UBS Group nominated former Morgan Stanley President Colm Kelleher to succeed Axel Weber as chairman next year. A day earlier, Deutsche Bank AG proposed Dutch insurance veteran Alexander Wynaendts …

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