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November 22, 2019
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Breaking News: Major

CNBC Business

L Brands CEO Les Wexner’s future could be at stake as Epstein ties, falling stock haunt him

CNBC
Unlike some other wealthy and powerful associates of Jeffrey Epstein, who died this year, Wexner has yet to face consequences for his relationship with the accused child sex trafficker. Source link: Click here for more
CNBC Business

Nordstrom family won’t raise its stake in department store chain, shares fall

CNBC
Nordstrom shares dipped on Monday after the department store chain said in a filing with the Securities and Exchange Commission that the Nordstrom family won’t increase its stake in the company. Source link: Click here for more
CNBC Business

Trump confirms ISIS leader Baghdadi is dead after US raid in Syria — ‘He died like a coward’

CNBC
The president said Baghdadi was killed in the operation when he exploded his suicide vest. Baghdadi died running into a dead end in a tunnel, “whimpering and crying and screaming all the way,” Trump said. Source link: Click here for more
CNBC Business

PG&E will cut power to 940,000 customers in Northern California as wildfires rage

CNBC
PG&E has been shutting off power to residents to avoid fires sparked by electric lines. The company previously said that customers can now expect rolling power outages for another 10 years as it upgrades its electrical systems. Source link: Click here for more
CNBC Business

A law from the 1600s will keep retail shops closed on Sundays at the nation’s newest shopping mall

CNBC
The massive American Dream is opening in the last county in the country where commercial shopping is prohibited on Sundays: Bergen County, N.J. Source link: Click here for more
CNBC Business

How Kohl’s is trying to keep its stores fresh ahead of the holidays

CNBC
Kohl’s stores are getting a bit of a refresh, and are being infused with new brands, ahead of this holiday season. Source link: Click here for more
CNBC Business

Here’s a map of the Forever 21 stores set to close

CNBC
Forever 21 on Tuesday released a list of the nearly 200 locations it could potentially close as part of its bankruptcy proceedings. When the apparel retailer filed for bankruptcy on Sunday evening, it said it had 549 stores in the U.S. and 251 locations internationally. The planned closures represent about...
CNBC Business

United Auto Workers strike costing GM over $1 billion

CNBC
United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 18, 2019 in Detroit. Michael Wayland / CNBC The continuing strike by General Motors union workers has now cost the automaker more than $1 billion during the third quarter, J.P. Morgan estimates, with GM’s slowed...
CNBC Business

Here’s why the Forever 21 bankruptcy means really bad news for malls

CNBC
A Forever 21 bankruptcy was not on U.S. mall owners’ wish lists ahead of this holiday season. The teen apparel retailer on Sunday night announced it was filing for Chapter 11 bankruptcy, planning to close nearly 200 locations in the U.S. Forever 21 has 815 stores globally, and expects to...

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