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Tag: Wells Fargo & Co

RH shares surge after Warren Buffett’s Berkshire reveals new stake

Shares of RH surged 7.6% on Friday, a day after Warren Buffett’s Berkshire Hathaway revealed it owned 1.2 million shares of the furniture retailer at the end of the third quarter. Berkshire announced the stake in a filing with the Securities and Exchange Commission. The stock of RH, formerly known as Restoration Hardware, has rallied …

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It’s not just Boeing. More companies are splitting CEO and chairman roles

Dennis Muilenburg, chief executive officer of Boeing Co., listens during a Senate Commerce, Science and Transportation Committee hearing in Washington, D.C., U.S., on Tuesday, Oct. 29, 2019. Bloomberg | Bloomberg | Getty Images Boeing‘s board stripped CEO Dennis Muilenburg of his chairmanship on Oct. 11, as the company struggles with the aftermath of two crashes …

It’s not just Boeing. More companies are splitting CEO and chairman rolesRead More

A Barneys liquidation grows more likely as rival deal falls flat

A Barney’s store stands in lower Manhattan on August 06, 2019 in New York City. Barneys, one of America’s most exclusive clothing stores, has filed for bankruptcy. Spencer Platt | Getty Images A deal led by retail investor Sam Ben-Avraham to buy Barneys New York out of bankruptcy fell flat in court Thursday, making the …

A Barneys liquidation grows more likely as rival deal falls flatRead More

Barneys could launch stores inside Saks Authentic Brands deal

A pedestrian walks past a window display at Barneys New York department store in New York, U.S., on Thursday, Jan. 22, 2009. Jin Lee | Bloomberg | Getty Images If the company trying to buy Barneys New York gets its way, there could be many more Barneys popping up inside Saks stores in the near …

Barneys could launch stores inside Saks Authentic Brands dealRead More