Aug 19 Buyout firm Catalyst Capital Group Inc
said on Monday it will acquire a significant stake in Hudson's
Bay Co, a move that could block the department store's
executive chairman's plans to take it private for C$1.74
NEW YORK Investors in the upcoming initial public offering of WeWork's parent, The We Company, are being asked to lower their standards for corporate governance beyond what other technology startups have demanded, securities law experts said on Wednesday.
WASHINGTON The U.S. Securities and Exchange Commission (SEC) on Tuesday said it would hold a meeting next week on whether to publish new guidance regarding the responsibilities of investors when relying on so-called proxy advisors.
NEW YORK J.C. Penney Co Inc’s stock has plunged more than 70% over the past year and now trades under $1. Its first-quarter financial loss nearly doubled to $154 million.
NEW YORK, Aug 2 Bank of America Corp has
hired former Evercore Inc banker Amy Lissauer to become
its global head of activism and raid defense, a spokesman for
the bank confirmed on Friday.
Executive recruiting consultancy Russell Reynolds Associates said it had hired Andrew Droste, a specialist in environmental, social and governance (ESG) risks facing companies, to bolster its board and CEO advisory practice.
J.C. Penney Co Inc has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to forge a turnaround, people familiar with the matter said on Thursday.
NEW YORK U.S. luxury department store operator Barneys New York Inc is exploring options that include a bankruptcy filing, as it struggles with high rents and changing consumer tastes, people familiar with the matter said on Saturday.
June 23 The success of Hudson's Bay Co
Executive Chairman Richard Baker's $1.3 billion bid to take the
department store operator private hinges on whether an
independent valuator will view the company more as a retailer
and less as a real estate owner, corporate governance experts
and analysts said.
The alkylation unit involved in a massive fire on Friday at Philadelphia Energy Solutions Inc's oil refinery has been completely destroyed, which will hamper the supply of gasoline from the U.S. East Coast's largest refinery, sources familiar with the matter said on Sunday.