Fast-Fashion Retailer Forever 21 Files for Bankruptcy in the U.S.
Forever 21's U.S. operator filed for bankruptcy, the latest retail casualty hurt by changing consumer spending and fierce competition from foreign retailers.
Baidu Launches New Reasoning AI Model in Challenge to DeepSeek
Baidu introduced Ernie X1, a reasoning model that can support tools such as advanced search, generation of AI images, and webpage reading.
Nvidia's Next Act Needs to Be Even Bigger
Chips to be unveiled at its developer conference are expected to drive growth-but will depend on Big Tech's spending spigot staying on full blast.
Ramelius Plans to Buy Spartan, Valuing Gold Explorer Around $1.5 Billion
Ramelius Resources wants to acquire Spartan Resources to create a larger gold-mining company that's more appealing to investors, in a deal that values Spartan around $1.5 billion.
Maynilad Water Services Plans Philippines' Biggest Listing in July
Maynilad Water Services is planning to list in early July via an initial public offering, which, if successful, will be the Philippines' largest-ever such deal.
Big Retailers' Hardball Tariff Playbook: Haggle, Diversify, Raise Prices
Walmart, Home Depot, Target and others are asking China-sourced suppliers to share costs. "A lot of those negotiations are going on," one executive said.
Made-in-America Champagne? Tariff Threats Jolt French Wineries
President Trump's threat of a 200% tariff on European wine collides with Champagne makers' resistance to uproot from France.
Employers Get Big Drug Discounts Through Program For Hospitals That Serve Poor Patients
Companies such as Rescription, MakoRx and Liviniti sell benefit plans giving employers steep discounts for costly prescription drugs.
UBS Doesn't Know What to Do With All the Art It Inherited From Credit Suisse
UBS is integrating thousands of Credit Suisse paintings, sculptures, posters and model ships. 'There's still art that will be found somewhere, in a closet in Shanghai or something.'
Decadelong Court Duel Between Restructuring Titans Nears End
Lawyers for Perella Weinberg Partners and Ducera Partners gave closing arguments on Friday in decadelong litigation between the two investment banks over how Ducera was formed.
(END) Dow Jones Newswires
March 17, 2025 01:00 ET (05:00 GMT)
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