After Toys “R” Us Inc.’s quick descent into bankruptcy shocked debt traders, investors are picking through an overleveraged industry and asking which other retailers will struggle to harness their debt.
Saudi Arabia is preparing contingency plans for a possible delay to the initial public offering of its state-owned oil company by a few months into 2019, according to people familiar with the matter.
Package delivery company FedEx Corp said on Tuesday that a June cyber assault on its own Dutch unit slashed $300-million from its quarterly profit, and the company reduced its full-year revenue prediction.
- Stunt carried out to test the pulling power of the revamped 2018 model
- 4×4 towed the ‘road train’ for 10 miles across the Australian outback
Toys “R” Us Inc., which has struggled to lift its fortunes since a buyout loaded the merchant with debt over a decade ago, is preparing a bankruptcy filing as soon as today, according to individuals knowledgeable about the circumstance.
South Africa’s parliament will research a controversial locomotive deal that provided $1.2-billion (U.S.) in earnings for Bombardier Inc..