Bed Bath & Beyond (BBBY) stock cratered Thursday after the embattled retailer revealed in a new regulatory filing it was hit with a default notice from JPMorgan and does not have adequate funds to repay its loans. This coming while the company again warned it may be forced to seek bankruptcy protection amid its ongoing financial struggles. Shares of the company fell as much as 33% on Thursday afternoon, at one point prompting a brief halt. The stock closed Thursday’s session off 22%. Though… Source link
Read More »Yandex N : Russia’s Delimobil discloses strong revenue growth in U.S. IPO filing
Oct 8 (Reuters) – Delimobil Holding S.A. on Friday filed for an initial public offering (IPO) in the United States and revealed that its revenue for the first half of this year more than doubled, as the car-sharing company becomes the latest in a slew of Russian firms targeting market debuts. Russian IPO activity is picking up pace as the global economy improves and concerns over fresh Western sanctions fade. The Moscow Exchange expects to hold 10 share listings by the end of… Source link
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