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On February 7, 2023, Hudson Bay Capital Management and several other investors arranged a public stock offering to raise over $1 billion to help the company avoid bankruptcy. On February 10, 2023, it was revealed the company would shutter its Canadian division, closing all 54 Bed Bath & Beyond and 11 Buy Buy Baby stores in Canada.
1860s. Jacob Young, William Abrams, and Nancy Clem ran what author Wendy Gamber argues, in her book The Notorious Mrs. Clem: Murder and Money in the Gilded Age, was the first-ever Ponzi scheme. [1] [2] In Munich, Germany, Adele Spitzeder founded the "Spitzedersche Privatbank" in 1869, promising an interest rate of 10 percent per month.
American Apparel closed all of its stores, a total of 110, in April 2017 after being acquired by Gildan Activewear. 2,400 workers were laid off. American Eagle Outfitters announced that it would close up to 200 to 250 mall-based locations in January 2021 while expanding its subsidiary Aerie significantly. Shares rose for the company afterward ...
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Zillow says the U.S. housing shortage grew to 4.5 million homes in 2022, up from 4.3 million in 2021. In 2022, the number of U.S. families increased by 1.8 million, while only 1.4 million housing ...
The Texas Eagle and Sunset Limited routes serve South-Central Arizona, stopping at Tucson, Maricopa, Yuma and Benson. Phoenix lost Amtrak service in 1996 with the rerouting of the Sunset Limited, and now an Amtrak bus runs between Phoenix and the station in Maricopa. As of 2021, Amtrak has proposed to restore rail service between Phoenix and ...
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