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August 2, 2021

Home Furnishings Retailers (NEC) (TRBC level 5)

Germany charges ex-Steinhoff managers with balance sheet fraud

Reuters
BERLIN (Reuters) – German prosecutors have filed charges against three former managers at South African retailer Steinhoff for balance sheet fraud, three years after the company first revealed holes in its accounts. The Oldenburg prosecutor’s office said on Thursday it had filed charges against the trio for allegedly manipulating the......

U.S. panel to hold hearing on GameStop, other social-media driven stock trading

Reuters
FILE PHOTO: House Financial Services Committee Chairwoman Maxine Waters (D-CA) attends a House Financial Services Committee hearing on “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response” in the Rayburn House Office Building in Washington, U.S., December 2, 2020. Greg Nash/Pool via REUTERS WASHINGTON (Reuters) – U.S. House Financial......

Incoming U.S Senate Banking chairman plans hearing on stock market

Reuters
FILE PHOTO: Senator Sherrod Brown (D-OH) rides the U.S. Capitol subway in Washington, U.S., February 4, 2020. REUTERS/Erin Scott WASHINGTON (Reuters) – Incoming Senate Banking Committee Chairman Sherrod Brown said on Thursday that he plans to hold a hearing on the current state of the U.S. stock market. “People on......

At odds over many things, U.S. lawmakers AOC and Ted Cruz agree on Robinhood probe

Reuters
WASHINGTON (Reuters) – At odds over most issues, Democrat Alexandria Ocasio-Cortez and Republican Ted Cruz agreed on Thursday that Congress needed more information about online trading platform Robinhood Markets Inc’s decision to restrict retail trading in shares of GameStop and other stocks that have experienced dramatic gains this week attributed......

IKEA turns the page: drops iconic catalogue after 70 years

Reuters
FILE PHOTO: People queue at Ikea in Gateshead as it re-opens, following the outbreak of the coronavirus disease (COVID-19), Gateshead, Britain, June 1, 2020. REUTERS/Lee Smith/File Photo STOCKHOLM (Reuters) – Budget furniture giant IKEA has decided to discontinue its catalogue, one of the world’s biggest annual publications, as shoppers move......

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