Is Macy's (NYSE: M) hot or not? Once a thriving department store chain selling everything from baby clothes to mattresses, its sales dropped more than 45% at the beginning of the pandemic. Macy's is the second-largest apparel-focused retailer in the U.S., and it made its big bucks through its huge department stores.
A Singapore arbitration panel has put on hold Future Group's $3.38 billion asset sale to Reliance Industries, an interim win for Amazon.com Inc which had alleged the deal between the Indian firms breached some existing agreements. Amazon received an emergency order to halt the companies from proceeding with the deal until an arbitration tribunal is formed, a source with direct knowledge of the matter told Reuters. Amazon last year bought a 49% stake in Future Coupons Ltd, which owns a 7.3% stake in Future Retail.
Dashing around downtown Santiago, taxi driver Jose Gallardo had never seen so many people out voting, and he felt he could sniff change in the southern spring air. "For Chile, it's now or never," he said.