Tween Retailer Claire’s Considers Bankruptcy for US Operations

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Claire’s Stores Inc. is considering a potential bankruptcy for its US operations, according to people with knowledge of the matter, as the former fixture of shopping malls across the country struggles with weak demand, higher import costs and a heavy debt burden. Houlihan Lokey Inc. has been working with the retailer to shore up its … Read more

amazing posts and links

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Viceroy’s many hits, few misses

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Mumbai/Bengaluru: Thirty months after the shock Hindenburg report on Adani Group, New York-based short-seller Viceroy Research took aim at billionaire Anil Agarwal’s Vedanta Resources Plc, calling his mining and minerals conglomerate a Ponzi scheme. Founded in 2016 by British short-seller Fraser John Perring along with Gabriel Bernarde and Aiden Lau, Viceroy calls itself an investigative … Read more

How to protect financial assets amid immigration raids, deportations

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A spate of federal immigration enforcement raids from Los Angeles to New York has sparked demonstrations and rallies around the country, leading to mass arrests and National Guard deployment. The U.S. Immigration and Customs Enforcement crackdown has heightened concerns of foreign-born residents, especially undocumented immigrants and their families, about how they should prepare for worst-case … Read more

Mexican Firms Targeted by US for Laundering Get Reprieve

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The US Treasury is granting a 45-day reprieve to three Mexican financial firms it moved to cut off from the US financial system, citing progress by the country’s government in addressing money laundering by drug trafficking cartels. The Treasury department’s ban on fund transfers with the designated firms will now take effect on Sept. 4, … Read more

Complete shutdown in J&K to mourn Pahalgam terror attack

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Are schools, colleges, markets and shops closed in Jammu & Kashmir (J&K) post Pahalgam terror attack? Yes, J&K is shutting down today, April 23. Business chambers, trade associations, transporters, students, and civil society organisations have all joined forces to call for the closure, which is known as the Kashmir Bandh and the Jammu Bandh.  “On … Read more