By Jessica DiNapoli and Mike Spector (Reuters) – Lord & Taylor is exploring filing for bankruptcy protection after it was forced to temporarily shut all of its 38 U.S. department stores in the wake of the coronavirus outbreak, people familiar with the matter said on Monday. It is one of several options that the retailer […]
BEIJING (Reuters) – Japanese carmaker Nissan Motor Co <7201.T> said on Wednesday it planned to sell about 1.6 million vehicles in China, the world’s biggest auto market. Nissan sold 1.55 million vehicles last year in China, down 1.1% from the previous year amid a prolonged auto sales slowdown. (Reporting by Yilei Sun in Beijing and […]
NEW YORK (Reuters) – U.S. Federal Reserve chair Jerome Powell tried to address economic inequalities in his landmark policy move. Still the Fed holding rates lower-for-longer may support bulging asset prices – which is unlikely to benefit the neediest and could well widen the wealth gap in the near term. In the fight against the […]
