Exclusive: Barneys New York explores options that include bankruptcy – sources

NEW YORK (Reuters) – U.S. luxury department store operator Barneys New York Inc is exploring options that include a bankruptcy filing, as it struggles with high rents and changing consumer tastes, people familiar with the matter said on Saturday. FILE … Continue reading Exclusive: Barneys New York explores options that include bankruptcy – sources

Thomas Cook enlists China’s Fosun to salvage oldest travel firm

HONG KONG/LONDON (Reuters) – Thomas Cook (TCG.L) is negotiating a 750 million pound ($941 million) rescue that will give Fosun Tourism (1992.HK), its biggest investor, control of the indebted British group’s package-tour business, in a blow to other shareholders. The … Continue reading Thomas Cook enlists China’s Fosun to salvage oldest travel firm

Volkswagen investment vaults Argo into top ranks of self-driving firms

DETROIT (Reuters) – Volkswagen AG’s $2.6-billion investment in Ford Motor Co’s (F.N) Argo AI self-driving unit, announced on Friday, immediately vaults the two-year-old Pittsburgh-based startup into the top ranks in the sector. Ford President and CEO Jim Hackett, Argo AI … Continue reading Volkswagen investment vaults Argo into top ranks of self-driving firms

Canada’s struggling energy industry takes stock at annual Stampede party

CALGARY, Alberta (Reuters) – Frustration is palpable among Canadian energy executives who have flocked to the annual Calgary Stampede celebrations in Canada’s oil capital this week, even though a recent pipeline approval gives them something to celebrate amid the rodeo … Continue reading Canada’s struggling energy industry takes stock at annual Stampede party