Kohl’s failed takeover was just one of a wave of abandoned deals amid market volatility

Kohl’s Corp. announced Friday that takeover talks with Vitamin Shoppe parent Franchise Group Inc. have ended, adding to a wave of ditched business deals amid unfavorable market conditions. Kohl’s KSS, -21.36% said it communicated with 25 parties, but Franchise Group’s FRG, -8.50% bid of $ 60 per share led to “exclusive negotiations.” “Despite a concerted … Read more

Bar shooting: Ejected patron kills 21-year-old in Northeast Philly after firing 15 shots

A 21-year-old woman was fatally shot at a bar in Northeast Philadelphia when a disgruntled patron fired into the building at least 15 times late Tuesday night, police say. Jailene Holton was taken to Jefferson-Torresdale Hospital where she died early Wednesday morning, her uncle James Holton told FOX29. She was shot shortly after 11:30 pm … Read more

Las Vegas Sands Corp. stock falls Wednesday, underperforms market

Shares of Las Vegas Sands Corp. LVS, -0.35% sank 0.35% to $ 31.60 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.13% falling 0.13% to 3,759.89 and Dow Jones Industrial Average DJIA, -0.15% falling 0.15% to 30,483.13. The stock’s fall snapped a … Read more

Las Vegas Sands Corp. stock rises Tuesday, still underperforms market

Shares of Las Vegas Sands Corp. LVS, + 0.13% inched 0.13% higher to $ 31.71 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, + 2.45% rising 2.45% to 3,764.79 and the Dow Jones Industrial Average DJIA, + 2.15% rising 2.15% to 30,530.25. … Read more

Stock Market Closed for Juneteenth, June Economic Data, and More to Watch This Week

Text size Uncredited US stock and bond markets will be closed on Monday in observance of Juneteenth. There will be a handful of earnings reports, annual shareholders meetings, and economic-data releases when investors return this week. Companies reporting quarterly results will include Lennar on Tuesday; FedEx , BlackBerry , spirit Darden Restaurants on Thursday; spirit … Read more

Balcony Bar at Kimmel Center returns for Sips with light bites, drink specials and DJ sets

After a two-year pandemic break, Center City Sips – Philadelphia’s infamous summer happy hour – returned to bars and restaurants around the city at the beginning of June. As part of the seasonal celebration, Balcony Bar at the Kimmel Center is set to reopen for the summer on Wednesday, June 15. The pop-up will be … Read more

Food Prices to Keep Going Up, as Costs Surge

Town Jaewon Kang spirit Annie Gasparro June 11, 2022 5:30 am ET Listen to article (2 minutes) Some of the nation’s biggest food suppliers and restaurants, including Kraft Heinz and some McDonald Corp. franchisees, said they would continue to raise prices as they face starkly higher costs. Kraft Heinz notified retailer customers this past Monday … Read more

Airbnb to Transfer China Home Listings to Rivals as Part of Market Exit

By Anniek Bao Airbnb Inc. will offer to move its existing Chinese homeowners and rental listings to rivals, including Meituan and a unit of Alibaba Group Holding Ltd., as it winds down its domestic operations in China. The home-rental giant said in a statement Friday that homeowners on its Chinese platform can apply to list … Read more

The Golden Margarita, a downtown Phoenix bar, has closed following controversy

The Golden Margarita has closed its doors after a battle over its liquor license, following turbulence with its Roosevelt Row neighbors. The business operated as a Mexican restaurant by day and raucous nightclub come sundown. It opened in September 2020, taking over the vast space formerly inhabited by Paz Cantina at East Roosevelt and Third … Read more