Designer Brands Earnings Lag Expectations on Virus Woes

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Designer Brands Earnings Lag Expectations on Virus Woes

Designer Brands (DBI) – Get Report, the footwear and accessories retailer, reported worse-than-expected fiscal-first-quarter earnings due to the coronavirus pandemic. For the quarter ended May 2, the Columbus, Ohio, operator of Designer Shoe Warehouse …
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GM may have to pay back $60M in tax credits for Lordstown closure; company extends buy-back option on plant

Ohio Development Services Agency said GM received about $60M in tax credits in exchange for an agreement to keep people employed there. by: Chelsea Simeon. Posted: Jun 18, 2020 / 11:37 AM EDT / Updated: Jun 18, 2020 / 11:43 AM EDT. Last Chevy …
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Wells Fargo to Sell Alternative Investments Feeder-Fund Platform to iCapital

Wells Fargo & Co. on Thursday said it agreed to sell its Global Alternative Investments division’s feeder-fund platform to financial-technology company iCapital Network Inc. The San Francisco bank said it is also participating the latest fundraising round for …
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SiriusXM Acquires Simplecast, Still In Talks With Howard Stern

SiriusXM is expanding its podcast business and is still in contract talks with one of their biggest draws, Howard Stern. SiriusXM has acquired the popular podcasting platform, Simplecast. Simplecast allows users to publish, monitor, and track podcasts and is …
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Facebook sues individuals for unauthorized use of automation tools

Facebook Inc said on Thursday it filed lawsuits against individuals in Europe and the United States for abusing its platforms by using unauthorized automation software. “This is one of the first times a social media company is using coordinated, …
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