Tag: business today usa

New York Community Bank to buy failed Signature Bank – Business News

Failed bank purchases

The Canadian Press – | Stories: 416923

New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corp.

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Bloomberg Media Hires New Chief Revenue Officer

The business news publisher Bloomberg Media has hired digital media executive Christine Cook as its chief revenue officer, Adweek can exclusively report.

Cook fills a role left vacant since 2019, following the departure of Keith A. Grossman and before him Paul Caine. Cook begins the role March 20.

“Having spent most of my career supporting journalism with advertising and innovation, I am inspired by Bloomberg Media’s commitment to global business journalism, which is matched by its commitment to technology and innovation in reaching its customers,” Cook said in a statement.

In the position, Cook will oversee advertising revenues across all

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Nordstrom closing down in Canada, shuttering all 13 stores

Nordstrom Inc. says it is winding down its Canadian operations and closing all 13 of its stores in the country.

The company filed for protection from its creditors this week under the Companies’ Creditors Arrangement Act, a Canadian law that manages the orderly wind-down of businesses. CCAA is convinced to what’s known as “Chapter 11 bankruptcy” in the United States, and it is intended to enforce rules to ensure as many funds as possible get collected, to pay back creditors as equitably as possible

Nordstrom launched in Canada in 2014. The chain has six Nordstrom stores and seven Nordstrom Rack

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Here’s what to know about Hartman’s Bakery reopening, and other Manitowoc business news

A North 11th St. view of Hartman's Bakery, LLC as seen, Wednesday, August 24, 2022, in Manitowoc, Wis.

A North 11th St. view of Hartman’s Bakery, LLC as seen, Wednesday, August 24, 2022, in Manitowoc, Wis.

MANITOWOC – Can’t you almost smell the deliciousness of bread-baking and cake-making wafting from North 11th Street in Manitowoc?

After months of waiting, the iconic Hartman’s Bakery will reopen on March 10.

Perhaps you want to get in line now for what is sure to be a crazy weekend for the bakery, closed after a kitchen fire.

But read Streetwise before you head out the door, of course! Here’s the latest business news from around Manitowoc County.

The long-awaited reopening of Hartman’s

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Indigo creates temporary website for browsing after cyberattack – Business News

Indigo Books & Music Inc. has created a temporary website for its customers to browse for books and gifts after a cyberattack halted the company’s online operations last week.

In a notice posted to the new site Friday titled “shop in store, window-shop online,” the Toronto-based retailer said the temporary website only allows for browsing and it is still

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‘The worst is behind us’ [Video]

Real estate may be seeing signs of life. Still, the market will only take off if interest rates drop, Barbara Corcoran, founder of Corcoran Group and Shark Tank investor, said on Yahoo Finance Live (video above.)

“The worst is behind us,” she said.

“It’s going to have to drop two points and people are going to act like there’s a sale on,” Corcoran said on a full market recovery. “Anybody who even has the first thought of buying a house is going to rush the market.”

“The big problem is still high interest rates and there’s still a lack of

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CIBC agrees to settle Cerberus lawsuit for US$770 million – Business News

CIBC settles for US$770M

The Canadian Press – | Stories: 412161

CIBC says it has entered into an agreement to settle a lawsuit filed against

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Prominent Chinese investment bank says its founder is unreachable

Shares of the company that operates one of China’s top investment banks, China Renaissance, plunged Friday after the firm said it had lost touch with its founder, Bao Fan, one of the country’s most high-profile bankers and a top tech-sector dealmaker.

China Renaissance Holdings said in a filing to Hong Kong’s stock exchange Thursday that it had been unable to contact Bao, who has worked on major deals including e-commerce company JD.com’s $2-billion US initial public offering and the public listing of short video Kuaishou platform in Hong Kong.

The company said it was “not aware of any information that

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