Wedding season in the U.S. is not what it used to be, and bridal retailers are feeling the pain.
In the latest sign of industry stress, executives at David’s Bridal Inc. have hired restructuring advisers at Evercore Inc. and legal counsel at Debevoise & Plimpton to help turn around the budget-priced business, according to people with knowledge of the situation. The chain also appointed....More>>>
One of the richest men in China has made a big bet on an icon of Europe’s automotive industry.
Li Shufu, the billionaire chairman of Chinese car maker Geely (GELYF), invested about $9 billion buying a stake of almost 10% in Daimler (DDAIF), making him the biggest single shareholder in the owner of Mercedes Benz.
Li, who’s estimated to be worth around $18 billion, has....More>>>
Check out the companies making headlines before the bell:
Apple Berkshire Hathaway’s Warren Buffett told CNBC that Berkshire bought 75 million Apple shares during the first quarter, bringing its total holdings to 240.3 million shares.
Alibaba Alibaba reported quarterly profit of RMB 5.73 versus the consensus estimate of 5.45. Revenue also beat forecasts, as core commerce sales....More>>>
It’s an Indiana Jones tale come to life: A chest in the wreckage of a sunken German ship could hold up to $130 million worth of Nazi gold. But just who owns the wreck remains in question.
That’s accordingto British tabloidThe Sun,which reported that the sunken SS Minden off the coast of Iceland contains a boxwith as much asfour tons of treasured metal inside.
Printed circuit board stocks have been very kind to investors lately. It is almost impossible to find a ticker in this sector that hasn’t been beating the S&P 500 market tracker over the last 52 weeks.
How do you pick the top names in this broadly lucrative industry? I’m here to show you my three favorites in the printed circuit board market: Sanmina (NASDAQ:SANM), Benchmark....More>>>