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Bed Bath & Beyond Files For Bankruptcy Protection
(RTTNews) - Bed Bath & Beyond filed for Chapter 11 bankruptcy protection in New Jersey, but the beleaguered home improvement retailer said its stores and websites will remain open and continue serving customers.
The company noted that it has received a commitment of about $240 million in debtor-in-possession financing from Sixth Street Specialty Lending. Following court approval, the company expects the financing to provide the necessary liquidity to support operations during the Chapter 11 process.
Bed Bath & Beyond said in January that it continued to consider all strategic alternatives including restructuring or refinancing its debt, seeking additional debt or equity capital, reducing or delaying business activities and strategic initiatives, or selling assets, other strategic transactions and/or other measures, including obtaining relief under the U.S. Bankruptcy Code.
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Bed Bath & Beyond Appoints Sue Gove As New President And CEO
Bed Bath & Beyond, Inc. (BBBY) announced Wednesday the appointment of Sue Gove as President & Chief Executive Officer. Gove has served as Interim CEO since June 2022.
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1034 วันที่ผ่านมา
Bed Bath & Beyond Maintains FY22 Outlook - Update
While reporting financial results for the second quarter on Thursday, beleaguered home improvement retailer Bed Bath & Beyond, Inc. (BBBY) maintained its comparable sales guidance for the full-year 2022.
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1061 วันที่ผ่านมา
Bed Bath & Beyond Says Working Expeditiously To Strengthening Balance Sheet
In response to certain media inquiries, home improvement retailer Bed Bath & Beyond, Inc. (BBBY) said Thursday that it has reached a constructive agreement with RC Ventures in March and are committed to maximizing value for all shareholders.
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1103 วันที่ผ่านมา
Bed Bath & Beyond Q1 Results Miss Estimates
Home improvement retailer Bed Bath & Beyond, Inc. (BBBY) reported on Wednesday a net loss for first quarter that sharply widened from last year, hurt by hefty transient costs related to inventory markdown reserves and port-related supply chain fees. Both adjusted loss per share and net sales missed analysts' expectations.
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1153 วันที่ผ่านมา
Australian Market Modestly Lower
The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.
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1 นาทีที่ผ่านมา
China Stock Market Due For Consolidation
The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.
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13 นาทีที่ผ่านมา
Taiwan Bourse May Hand Back Monday's Gains
The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday.
The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02.
Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.
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43 นาทีที่ผ่านมา
Singapore Stock Market Tipped To Open In The Red
The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday.
The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
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1 ชม. 13 นาทีที่ผ่านมา
