David Jones fell into both voluntary administration and receivership last week amid piling debt. Now its administrator is kicking off a rapid sale process. Prospective buyers of David Jones have until Friday afternoon to express interest as administrators McGrathNicol kick off a sale process for the iconic retailer after its collapse last week. Formal advertisements […]
Musk suffered the worst losses of any billionaire Thursday as SpaceX and Tesla shares fell.
Larry Ellison lost $11.5 billion on Thursday as Oracle shares fell around 7.5%
Nvidia’s Jensen Huang’s net worth fell by $12 billion on Thursday as Nvidia’s stock dropped 7%.
Upon completion of the deal, which is subject to regulatory approvals, Adani Ports—controlled by billionaire Gautam Adani—said its global footprint will expand to 28 ports and terminals across 10 countries.
David Jones has entered voluntary administration for the first time in its 188-year history after talks with landlord Scentre Group collapsed. Stores continue to trade while receivers review the business.
The USOPC is exploring selling a minority stake in Team USA’s commercial rights to private investors—similar to a plan announced by FIFA earlier this year to immense global backlash.
Nvidia again became the most valuable company in the world on Tuesday after losing the title to Apple at Friday’s close.
Apple reported revenue beating expectations on Monday, but the company expects lower gross margins due to rising memory prices in the upcoming quarter.
OUE REIT—controlled by Indonesian tycoon Mochtar Riady and his family—is doubling down on its Australian investment with the purchase of an additional 50% stake in the 55-story Salesforce Tower, the tallest skycraper in Sydney, in a deal valued at $607 million.