Neiman Marcus Group is a Dallas-based department-store chain that was acquired by Ares Management LLC (ARES) and the Canada Pension Plan Investment Board in 2013.It was reported by Reuters on Sunday t...
Inflation seems to be eating deep into the U.S economy and one may not be able to tell the extent of the current inflation, but it is clear that it is getting tough for a lot of people, and industries...
Umba, a Nigerian digital banking platform operating in Lagos, Nigeria, has raised $15 million in Series A funding to expand financial products to underserved population across Africa. T...
On Monday, the J.Crew Group joined the bandwagon of companies that have recently filed for bankruptcy due to the coronavirus pandemic. The company has since become the first national US retailer to fi...
The African Export-Import Bank (Afreximbank) has concluded strategies to aid Nigeria in fuel importation and food sufficiency as there are ongoing dialogues to assist the country from the $4 billi...
The Walt Disney Company (DIS) has also experienced its fair share of the coronavirus impact, with the closing of its theme parks and furloughing of its park workers in April to save money. Closing its...
One of the most popular automotive brands has quickly risen to the top over the past decade. Tesla is an electric vehicle titan and jumped on top early. Now, every other automaker is attempting to cat...
As the retail store faces bankruptcy threats, JCPenney has been in talks with major lenders to secure a $450 million “debtor in possession” (DIP) loan to keep the company afloat. The DIP loan is s...
The Inland Revenue Service (IRS) Fresh Start Program is a term for the IRS's debt relief programs. The program aims to make it easier for people to lawfully resolve their tax obligations and penalties...
The housing market has once again been hit hard by coronavirus; probably the worst yet, since the 2001 housing crisis.According to the National Association of Realtors, in the month of April, sales of...