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Market News
March 5, 2021
Men’s Wearhouse Owner Scores Fresh Funds After Bankruptcy Exit
Men’s Wearhouse owner Tailored Brands Inc. secured $75 million of new money from its existing shareholders and lenders three months after it...
March 5, 2021
Cybersecurity Mogul McAfee Charged Over Crypto Promotion
Cybersecurity software mogul John McAfee, in custody in Spain facing U.S. tax charges, was indicted for fraud and money laundering for using social...
March 5, 2021
Swedish Funds Managing $250 Billion Get Slammed for ESG Record
Sweden’s state-backed pension funds have “failed” to live up to a key metric when it comes to protecting the planet, according to the...
March 5, 2021
Airbus Suffers Slew of Cancellations While Deliveries Lag Output
Airbus SE handed over 32 planes in February, an improvement from the previous month but not enough to keep pace with current production.
March 5, 2021
Tesla’s Plunge Wipes Out $90 Billion of Market Value in One Week
The rout in Tesla Inc. shares this week has far exceeded the broader market’s decline and already wiped out nearly $90 billion from the...
March 5, 2021
Mystery U.K. Person With Brazil Covid Variant Found After Five-Day Hunt
A mystery person with a concerning Brazilian variant of the coronavirus in the U.K. has been found after an extensive hunt.
March 5, 2021
Texas Regulators Decline to Reprice $16 Billion Market ‘Error’
Texas regulators declined to rescind $16 billion in alleged overcharges for electricity during last month’s blackouts, leaving the state’s power...
March 5, 2021
U.S., EU Agree to Suspend Tariffs in Boeing-Airbus Dispute
The European Union and the U.S. agreed to suspend tariffs on billions of dollars of each other’s products, easing a 17-year transatlantic dispute...
March 5, 2021
Norwegian Leads Cruise Stocks Lower After Pricing Share Offering
Norwegian Cruise Line Holdings Ltd. fell as much as 17%, leading cruise stocks lower Friday after offering new shares at a steep discount to retire...
March 5, 2021