Brooks Brothers nears bankruptcy as talks heat up with potential buyer

Bidding war for Brooks Brothers likely to heat up: Gasparino Sources tell FOX Business’ Charlie Gasparino potential bidders say a Brooks Brothers bankruptcy filing could come as early as this week, prompting even more bids for the clothing company. Iconic clothing franchise Brooks Brothers is nearing a bankruptcy filing that could take place as early […]

Facebook Boycott Nears 200 Brands

Major brands are denying Facebook ad dollars to protest its content policies Movement will become global, says boycott organizer. Slowing revenue growth and COVID-19 impact are additional concerns Facebook has announced ways it will make changes Over 180 businesses and artists have decided to pull advertising on Facebook in July, according to one of the […]

UnitedHealth Stock Nears Major Breakout

Dow component UnitedHealth Group Incorporated (UNH) has completed a round trip into the February high and could break out in coming weeks, clearing 2018 resistance and heading into a sustained advance. The move would track bullish action in other health insurance carriers, including Humana Inc. (HUM) and Anthem, Inc. (ANTM), exposing the hidden benefit of the […]

Expedia nears deal to sell stake to Silver Lake and Apollo

Expedia eliminating 12% of workforce Expedia is cutting costs by eliminating 3,000 jobs after the company’s chairman criticized his employees’ work ethic. FOX Business’ Ashley Webster with more. Expedia Group Inc. is in advanced talks to sell a stake to private-equity firms Silver Lake and Apollo Global Management Inc. after the widespread travel bans caused by the coronavirus pandemic […]

Facebook Stock Nears Historic Breakout

Facebook, Inc. (FB) stock completed a round trip into the July 2018 high near $220 in January, filling the 42-point sell gap printed in reaction to the Cambridge Analytica privacy scandal. It reversed after posting an all-time high at $224.20 about three weeks later, dropping through support at the 50-day exponential moving average (EMA) at […]