http://www.wctrib.com/sites/default/files/styles/16x9_620/public/fieldimages/37/0418/bon-ton.jpg

Finance

The company estimates all store closings will be completed in 10 to 12 weeks. The firm announced late Wednesday that a federal bankruptcy court in DE approved the sale of the firm's inventory and "substantially all" of the company's assets.
  • International Monetary Fund maintains India's FY19 growth at 7.4%; cautions govt on fiscal deficit

    International Monetary Fund maintains India's FY19 growth at 7.4%; cautions govt on fiscal deficit

    Finance

    And because the U.S. boost accounts for most of the higher world expansion, beyond 2019 "global growth is projected to gradually decline to 3.7 percent by the end of the forecast horizon", the report said. However, the bank said that if reforms are delayed, growth could drop below current levels in an uncertain macroeconomic environment as financing risks rapidly increase and GDP growth could slow to 2 percent.
  • New enzyme nibbles on nasty plastic waste

    New enzyme nibbles on nasty plastic waste

    Finance

    One man's trash is this enzyme's lunch. According to Innova Market Insights data, 58 percent of globally launched food and beverage products are packaged in plastic, a 5 percent increase from 2013, while 96 percent of all newly launched water products in 2017 are packaged in PET bottles.
  • Facebook charged over use of facial recognition

    Facebook charged over use of facial recognition

    Finance

    Judge James Donato, a federal judge in San Francisco, dismissed Facebook's argument that the law didn't apply to it because its servers aren't located in the state. lawmakers over the company's collection and use of user data. This is not the first time Facebook has been under fire for their facial recognition technology.
  • Budget Airline Allegiant Calls Out Critical '60 Minutes' Report

    Budget Airline Allegiant Calls Out Critical '60 Minutes' Report

    Finance

    She smelled what she thought might be hydraulic fluid. Some of the analysts who follow the stock said they agreed with the airline that the report overstated the extent of the problems. Church said the flight was delayed for three hours due to a maintenance issue, and when it did take off she could smell fuel in the air coming out of the overhead vents.
  • Fox Says Committed To Sky Bid After Regulator Ruling On Disney

    Fox Says Committed To Sky Bid After Regulator Ruling On Disney

    Finance

    If Comcast ends up acquiring Sky, Disney would not have to put forward a bid, the Takeover Panel said . The UK Takeover Panel said Disney must offer Sky shareholders £10.75 a share if competition authorities block Fox's takeover of the 61 per cent of Sky it does not already own.
  • Norwegian Air stock takes off as IAG buys stake

    Norwegian Air stock takes off as IAG buys stake

    Finance

    Shares in the struggling budget airline jumped 37pc following initial reports of IAG's approach, with the company now valued at $1.22bn (€1bn). The Scandinavian airline added that "it has not entered into any discussion or dialogue with IAG about matter", although it indicated that "IAG's interest in company confirms sustainability and potential of our business model and our Global growth ".
  • Dow dives more than 500 points on trade tensions

    Dow dives more than 500 points on trade tensions

    Finance

    USA 10-year Treasury yield was last down 2.75 basis points at 2.76 percent, while gold prices went up more than 1 percent. "The market has vacillated between writing it off as just talk and assuming there could be a serious problem", said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey.
  • Oil edges up but US-China trade tensions curb gains

    Oil edges up but US-China trade tensions curb gains

    Finance

    Tracking the most-active futures contracts, the global benchmark marked its highest finish since December 1, 2014. In addition, possible military action by the US and Saudi Arabia in Syria creates a high risk for safe production and exports of crude oil from the region and the kingdom, which could keep upward pressure on crude prices, experts warned.
  • President Xi offers olive branch to America, say analysts

    President Xi offers olive branch to America, say analysts

    Finance

    While President Donald Trump continued to bash America's trade deals on Twitter, he said the US and China could settle their dispute. During an eagerly awaited speech at a development conference on the tropical Chinese island of Hainan, Xi billed the planned cut in vehicle tariffs and a series of other measures as "a new phase of opening up".
  • China Trade War or Tit for Tat?

    China Trade War or Tit for Tat?

    Finance

    His comments follow a week of escalating tariff threats sparked by us frustration with China's trade and intellectual property policies. The United States and China have announced proposed tariffs on imports from either nation in recent weeks , creating renewed concern that this tit-for-tat trade spat may escalate into a full-blown trade war between the world's largest economies.
  • Sensex vaults 577 pts as RBI holds rate, lowers inflation forecast

    Sensex vaults 577 pts as RBI holds rate, lowers inflation forecast

    Finance

    A day after Sensex surged almost 600 points, investors traded cautiously as they looked to book profits ahead of the weekend. The Nifty50 of the National Stock Exchange ended at 10,325.15, gaining 196.75 points or 1.94%. The broader markets also participated in the rally as there were 2,083 stocks that advanced as against 627, which declined. It is understood that five of the six members of the committee voted in favour of holding the rate.
  • Large charities pay men 8 per cent more than women

    Large charities pay men 8 per cent more than women

    Finance

    The biggest pay gaps are in construction, financial services, education, mining, communication, and energy, where the pay gap is in excess of 15%. Ryanair had the most significant pay gap of any airline - at 72%, with the majority of its United Kingdom staff either pilots or cabin crew.
  • Spotify hits $26.5bn valuation in trading debut

    Spotify hits $26.5bn valuation in trading debut

    Finance

    Spotify opted for a rare direct listing rather than a traditional initial public offering , which raised questions around its stock debut. "They are getting all the funding they need in the private market and they don't really need to go public as early", he said.
  • Fox Could Sell Sky News To Disney Under New Proposal

    Fox Could Sell Sky News To Disney Under New Proposal

    Finance

    Fox now owns more than a third of Sky's shares and has bid $16.5 billion for the remaining stake in the company. The proposed takeover is very controversial as critics have warned tit would leave too much media power in the hands of the Murdoch family - who already own The Times , The Sunday Times and The Sun .
  • Are You 'Intexticated?' AAA Launches Initiative to Reduce Deadly Distracted Driving

    Are You 'Intexticated?' AAA Launches Initiative to Reduce Deadly Distracted Driving

    Finance

    Approximately one in 10 respondents reported being frequently distracted by technology while driving. Last year, 13,997 crashes in OH had a reported distraction, including 51 fatal crashes, Cruz said. Roughly 49 percent said they have recently talked on a handheld phone while driving. That law restricts hands-free use to a single touch. "That's what's more important", Tabson said.
  • Amazon shares fall 6pct on Trump attack

    Amazon shares fall 6pct on Trump attack

    Finance

    The Stock now has a Weekly Volatility of 5.08% and Monthly Volatility of 2.65%. "An argument, however, could be made that the USPS was losing billions before it expanded its service offerings for Amazon and would, still, likely lose billions if Amazon discontinued its use of the USPS tomorrow", according to Forte.
  • Orlando Nightclub Gunman's Widow Acquitted

    Orlando Nightclub Gunman's Widow Acquitted

    Finance

    If she had been convicted, she could have received life in prison. Eventually, however, the court agreed the protection anyhow, acquitting Noor Salman of both costs: aiding and abetting the arrangement of product assistance to an global terrorism company- in this instance, the Islamic State, to which Omar Mateen vowed his obligation throughout the strike- and also blockage of justice.
  • Barclays pays $2bn to settle USA mortgage investigation

    Barclays pays $2bn to settle USA mortgage investigation

    Finance

    After three years of research, department that led Loretta Lynch determined that Barclays caused billions in losses with a network that allowed it to offer active investors low-quality debt, which ended up going to pique when It collapsed housing market.
  • Australia FM Hints at World Cup Boycott

    Australia FM Hints at World Cup Boycott

    Finance

    Bishop said she thought Australia had taken "appropriate action" with the removal of the two Russian diplomats. British Prime Minister Theresa May announced earlier this month that no ministers or members of the Royal Family will attend the tournament in the wake of the poisoning of former Russian spy Sergeri Skripal.
  • States Plan Lawsuits Over New Citizenship Question in Trump's Census

    States Plan Lawsuits Over New Citizenship Question in Trump's Census

    Finance

    She said the administration made a decision to reinstate the question because it has "provided data that's necessary for the Department of Justice to protect voters, and specifically to help us better comply with the Voting Rights Act, which is something that's important and part of this process".
  • Turning Sour on China's Oil Benchmark

    Turning Sour on China's Oil Benchmark

    Finance

    Active trading of the yuan-denominated crude contracts in Shanghai could eventually give mainland oil companies and consumers a greater say in pricing the commodity. But that "comes as Shanghai crude oil futures made a strong debut and was well received by investors", Kapadia said in emailed commentary. In a note, Barclays Research analysts said they also expected the supply deficit of the past few months to give way to a surplus due to rising USA output.
  • Remington, Among America's Oldest Gun Makers, Files for Chapter 11 Bankruptcy

    Remington, Among America's Oldest Gun Makers, Files for Chapter 11 Bankruptcy

    Finance

    It filed papers in the bankruptcy court of DE last week, after suffering crippling publicity in the wake of the Sandy Hook shooting . The restructuring agreement will allow Remington to reduce some $700 million of its consolidated debt, according to the company, as well as inject a contribution of $145 million of new capital into its operating subsidiaries.
  • Madison Bumgarner diagnosed with fractured left hand

    Madison Bumgarner diagnosed with fractured left hand

    Finance

    On Friday, Bumgarner was making his last appearance before starting on Opening Day for the Giants, when he was struck with a hard liner during the third inning. the players that they brought in, I'm really excited", Bumgarner said prior to his injury. The regular season hasn't even started and the San Francisco Giants are right baCK TO where they were past year at this time.
  • Markets rattled again by trade war fears after Chinese retaliation

    Markets rattled again by trade war fears after Chinese retaliation

    Finance

    Chinese shares fell sharply after Beijing unveiled plans for tariffs on up to $ 3 billion of US imports in retaliation for USA duties on steel and aluminium products from China and other countries that went into effect on Friday. Commodities did not fare well, either. Shares of Deutsche Bank, which retained an 80 percent stake in DWS, then fell more than 4 percent before recovering slightly.