Bloomberg Kohl’s Corp said it has authorised Goldman Sachs Group Inc to coordinate with select bidders for the retailer so they can “refine and improve” their offers with proof of financing and binding documentation. Kohl’s said in a statement that it has received multiple preliminary indications of interest that are nonbinding and don’t have committed financing. Separately, the company ...

  Bloomberg Alibaba Group soared 11% after ramping up its share buyback program to $25 billion, fuelling hopes that Beijing is easing off an internet crackdown that wiped out $470 billion of the e-commerce giant’s value. The board approved the program, which will run for two years through to March 2024, the company said. It also appointed a new independent ...

  Bloomberg A Russian court on Tuesday sentenced jailed opposition leader Alexey Navalny to nine years in a high-security prison in a ruling that will keep President Vladimir Putin’s top critic sidelined amid a harsh crackdown on the opposition. Navalny, who is currently serving a two-and-a-half year sentence that the European Court of Human Rights called politically motivated, in a ...