Baha Mar Ltd. has filed a plan outlining the way the $3.5 billion stalled resort project in the Bahamas hopes to restructure in chapter 11 ahead of a hearing Friday to dismiss its U.S. bankruptcy case.
Residents and tourists have returned to New Orleans in the decade since Hurricane Katrina, but the city’s economy remains skewed toward low-wage jobs.
Tiffany reported a 15% drop in profits for its latest quarter and slashed its earnings outlook for the year, as a strong dollar and weak tourism continued to dent sales.
Pernod Ricard took a hefty write-down on its struggling Absolut vodka brand, leading to a 15% drop in fiscal full-year profit.
Dollar General shares are on sale after the stock-market rout, despite being a relative beneficiary of a possible economic slowdown.
The National Association of Realtors said its pending home sales index rose 0.5% in July from the previous month.
The number of Americans seeking first-time unemployment benefits fell last week, suggesting the labor market remains healthy.
Schlumberger’s $12.7 billion deal to buy joint-venture partner Cameron is the latest example of oil-field services companies seeking safety in numbers.
One reason U.S. stocks have been so sensitive to China woes: high valuations. But that doesn’t mean they can’t get more expensive.
From a dental-product subscription service to a company offering handwriting software, Anne Kadet looks at a few of the companies finding funding in New York.