specialty retailing
Amazon Among Bidders for Signify Health
Amazon.com Inc. is among the bidders for healthcare company Signify Health Inc., joining other heavy hitters vying in an auction for the home-health-services provider, according to people familiar with the matter. Signify is for sale in an auction that could value it at more than $8 billion, the people said. Bids are due around Labor …
Robert Colescott’s ‘George Washington Carver’ Poised to Break Artist’s Price Record
Robert Colescott’s George Washington Carver Crossing the Delaware: Page from an American History Textbook Courtesy of Sotheby’s Text size Robert Colescott’s George Washington Carver Crossing the Delaware: Page from an American History Textbook will be offered at Sotheby’s contemporary art sales in New York this May. With an estimate of between US$9 million and US$12 …
GameStop Is Hiring. The Focus Is on Technology.
Text size GameStop is increasingly focusing on e-commerce. Spencer Platt/Getty Images GameStop ‘s executive shake-up continued this week with the announced departure of Chief Merchandising Officer Chris Homeister. Expect more hiring as the retailer continues to focus on e-commerce. A person familiar with the matter told Barron’s that hiring talent from e-commerce and technology companies …
Goldman, Morgan Stanley Limit Losses With Fast Sale of Archegos Assets
Goldman Sachs Group Inc. and Morgan Stanley were quick to move large blocks of assets before other large banks that traded with Archegos Capital Management, as the scale of the hedge fund’s losses became apparent, according to people with knowledge of the transactions. The strategy helped limit the U.S. firms’ losses in last week’s epic …
Spotify Rolls Out Technology Aimed at Helping Podcast Advertisers
Spotify Technology SA has launched a new digital tool that for the first time will let advertisers know how many people heard a given ad in a podcast, as the streaming giant continues an aggressive push into a rapidly growing business that has so far struggled with reliable data on listeners. The largest music-streaming platform …
Cigna, CVS Health Soar as Dow Jones Industrial Average Rises
Illustration by Michael George Haddad Text size Stocks are poised to push higher as investors respond to Congressional testimony by Federal Reserve Chairman Jerome Powell that raised expectations for an interest-rate cut at the end of the month. Powell will conclude two days of testimony on Thursday. He is scheduled to appear before the Senate …