Most of the company’s bondholders have agreed to accept bonds that are worth less than what they were owed but that are secured against real estate and other assets.
Category: E-Commerce
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For Many Small-Business Owners, a Necessary Shift to Digital Payments
The pandemic accelerated a transition to cashless payments, forcing a reckoning among small-business owners. But there are benefits: One owner said the switch saved her $3,000 a month.
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Banana Republic Wants to Outfit Your Home, Too
Responding to a volatile market for work clothes, the retailer hopes that selling home goods will help stabilize its business.
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Tips for Canceling Online Subscriptions
It’s easy to sign up but not always so easy to stop a service. The F.T.C. is proposing rules to change that.
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Overstock Buys Intellectual Property to Rename as Bed Bath & Beyond
The online retailer is renaming its website and its mobile app after buying the intellectual property of the bankrupt home-goods store.
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Congress Spotlights Forced Labor Concerns With Chinese Shopping Sites Shein and Temu
A congressional investigation into Temu and Shein offered new insight into services that are delivering a deluge of cheap and little-regulated products.
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F.T.C. Sues Amazon for Inducing Users to Subscribe to Prime
The lawsuit was the first time that the Federal Trade Commission under chair Lina Khan has taken Amazon to court.
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Bipartisan Bills Would Change a 100-Year-Old Trade Law
Critics say the law gives an unfair advantage to e-commerce companies from other countries, including some where forced labor is an issue.
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Binance Moved Billions Through Two U.S. Banks, Regulators Say
The S.E.C. shared new details about how Binance’s accounts at Signature Bank and Silvergate Bank were used to move customer funds quickly through a web of foreign companies.
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Digital Interactions Are Just Part of a Jewelry Sale Now
Brands find that some of their customers’ pandemic-era buying habits are here to stay.
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Alibaba, Baidu and Tencent Signal First Steps in Bumpy Recovery
The economy is open again, helping Alibaba, Baidu and Tencent claw back in the first quarter from a miserable 2022, though they will likely face continuing skepticism from investors.