While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
Of the recessions the U.S. has seen dating back to the early 1980s, none has come without an oil spike of at least 90%.Economyread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
Energy stocks, one of the worst-performing sector this year, spiked on Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
Shares of defense companies rose on Monday after the United States military was put on alert by President Donald Trump.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
New research by the Digital Citizens Alliance shows how easy it is to buy illegal steroids and other appearance- and performance-enhancing drugs.Cybersecurityread more
GM shares were down nearly 3% Monday as analysts estimated the strike could cost GM tens of millions of dollars per day. The two sides resumed talks at 10 a.m. Monday...Autosread more
Amazon changed the algorithms that power its product-search system to favor products with higher profit margins, The Wall Street Journal reports.Technologyread more
Between 180 and 200 underperforming GameStop stores are set to shutter before the end of the fiscal year, and more could be on the way.Entertainmentread more
Deb Shops, the once-popular teen fashion retailer, won court approval on Wednesday to begin going-out-of-business sales for nearly 300 stores, according to The Wall Street Journal.
A deal was reached at an auction on Tuesday that final inventory, furniture, fixtures and equipment will be sold with liquidators Hilco Merchant Resources and Gordon Brothers Retail Partners.
The liquidators will pay 82 percent of the cost of inventory, down from the 98.25 percent that was originally offered. The lower percentage means an almost $7 million loss for creditors.
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The arrangement with the liquidators is projected to pay off PNC Bank and cover rent costs for the month of December, a debt estimated at $3.3 million.
Deb is postponing the sale of intellectual property and has decided to take more time to sell its leases.
Other teen retailers, such as Wet Seal and Delia's, faced similar economic difficulties in 2014. Wet Seal has laid off about 3,700 employees and has begun the closure of 338 stores. Delia's filed for Chapter 11 bankruptcy last month.