China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Steve & Barry's could shutter more than 100 stores: Bay Harbour
NEW YORK (Reuters) - Steve & Barry's will shutter more than 100 of its about 276 stores and possibly more if purchaser BHY S&B doesn't reach favorable concessions with landlords, according to Bay Harbour Management, one of the parties involved with the turnaround.
"It's going to be a little more than half its former size," Douglas Teitelbaum, managing principal of Bay Harbour, told Reuters.
(Reporting by Chelsea Emery, editing by Phil Berlowitz)
