By , (Reuters) - Nearly a third of more than 40 large companies seeking U.S. bankruptcy protection during the coronavirus pandemic awarded bonuses to executives within a month of filing their cases, according to a Reuters analysis of securities filings and court records.Under a 2005 bankruptcy law, companies are banned, with few exceptions, from paying executives retention bonuses while in bankruptcy. But the firms seized on a loophole by granting payouts before filing.Six of the 14 companies that approved bonuses within a month of their filings cited business challenges executives faced...…By , (Reuters) - Nearly a third of more than 40 large companies seeking U.S. bankruptcy protection during the coronavirus pandemic awarded bonuses to executives within a month of filing their cases, according to a Reuters analysis of securities filings and court records.Under a 2005 bankruptcy law, companies are banned, with few exceptions, from paying executives retention bonuses while in bankruptcy. But the firms seized on a loophole by granting payouts before filing.Six of the 14 companies that approved bonuses within a month of their filings cited business challenges executives faced...WW…

By , (Reuters) - Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak, people familiar with the matter said.The debt-laden Dallas-based company has been left with few options after the pandemic forced it to temporarily shut all 43 of its Neiman Marcus locations, roughly two dozen Last Call stores and its two Bergdorf Goodman stores in New York.Neiman Marcus is in the final stages of negotiating a loan with its creditors totaling hundreds of...…By , (Reuters) - Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak, people familiar with the matter said.The debt-laden Dallas-based company has been left with few options after the pandemic forced it to temporarily shut all 43 of its Neiman Marcus locations, roughly two dozen Last Call stores and its two Bergdorf Goodman stores in New York.Neiman Marcus is in the final stages of negotiating a loan with its creditors totaling hundreds of...WW…

By , (Reuters) - Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak, people familiar with the matter said.The debt-laden Dallas-based company has been left with few options after the pandemic forced it to temporarily shut all 43 of its Neiman Marcus locations, roughly two dozen Last Call stores and its two Bergdorf Goodman stores in New York.Neiman Marcus is in the final stages of negotiating a loan with its creditors totaling hundreds of...…By , (Reuters) - Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak, people familiar with the matter said.The debt-laden Dallas-based company has been left with few options after the pandemic forced it to temporarily shut all 43 of its Neiman Marcus locations, roughly two dozen Last Call stores and its two Bergdorf Goodman stores in New York.Neiman Marcus is in the final stages of negotiating a loan with its creditors totaling hundreds of...WW…

By , NEW YORK (Reuters) - GameStop Chief Financial Officer Jim Bell will step down next month, the video game retailer said on Tuesday, as it focuses on shifting into technology-driven sales in the wake of headline-grabbing big betting in its stock.GameStop said Bell’s resignation was not due to any disagreement with the company relating to its operations, including accounting principles and practices.However, a source said that while Bell’s exit was unrelated to the recent wild swings in GameStop’s stock spurred by retail traders on the Reddit social media site, his departure was initiated...…By , NEW YORK (Reuters) - GameStop Chief Financial Officer Jim Bell will step down next month, the video game retailer said on Tuesday, as it focuses on shifting into technology-driven sales in the wake of headline-grabbing big betting in its stock.GameStop said Bell’s resignation was not due to any disagreement with the company relating to its operations, including accounting principles and practices.However, a source said that while Bell’s exit was unrelated to the recent wild swings in GameStop’s stock spurred by retail traders on the Reddit social media site, his departure was initiated...WW…

By , (Reuters) - A former prosecutor who ran the sex crimes unit in the Manhattan District Attorney’s office in 1989 sued Netflix on Wednesday for defamation over her portrayal in “When They See Us,” claiming the miniseries about the “Central Park Five” fabricated both her statements and actions related to the case.The four-part series, which debuted on Netflix on May 31, is about the 1989 case of a 28-year-old woman who was attacked while jogging in New York City’s Central Park. The victim was white and the five defendants - all black or Hispanic boys - were between the ages of 14 and 16...…By , (Reuters) - A former prosecutor who ran the sex crimes unit in the Manhattan District Attorney’s office in 1989 sued Netflix on Wednesday for defamation over her portrayal in “When They See Us,” claiming the miniseries about the “Central Park Five” fabricated both her statements and actions related to the case.The four-part series, which debuted on Netflix on May 31, is about the 1989 case of a 28-year-old woman who was attacked while jogging in New York City’s Central Park. The victim was white and the five defendants - all black or Hispanic boys - were between the ages of 14 and 16...WW…

Protesters gather outside of the Georgia State Capitol to protest HB 531, which would place tougher restrictions on voting in Georgia, in Atlanta, Georgia, U.S. March 4, 2021. REUTERS/Dustin Chambers/File Photo/File PhotoRegister now for FREE unlimited access to Reuters.comApril 11 (Reuters) - Most CEOs on a call to discuss a new push against U.S. state voting restrictions said in a poll they will reassess donating to candidates who fail to support voting rights, while many will consider holding back investments in states that restrict voting access, according to people familiar with the...…Protesters gather outside of the Georgia State Capitol to protest HB 531, which would place tougher restrictions on voting in Georgia, in Atlanta, Georgia, U.S. March 4, 2021. REUTERS/Dustin Chambers/File Photo/File PhotoRegister now for FREE unlimited access to Reuters.comApril 11 (Reuters) - Most CEOs on a call to discuss a new push against U.S. state voting restrictions said in a poll they will reassess donating to candidates who fail to support voting rights, while many will consider holding back investments in states that restrict voting access, according to people familiar with the...WW…

By , New York (Reuters) - The U.S. dollar climbed against a basket of major currencies again on Thursday, leaping over a four-moth high, as investors’ pared their appetite for risk.The dollar index rose about .28% to 92.85 in afternoon trading. The greenback for the year is now up more than 3%.Yields on Treasuries climbed to their highest in the session after weak demand for the second month in a row at an auction on seven-year notes. The session high yield was 1.642%. On Thursday afternoon they yielded 1.630%.The rise again in the dollar indicated investors were shrugging off positive data...…By , New York (Reuters) - The U.S. dollar climbed against a basket of major currencies again on Thursday, leaping over a four-moth high, as investors’ pared their appetite for risk.The dollar index rose about .28% to 92.85 in afternoon trading. The greenback for the year is now up more than 3%.Yields on Treasuries climbed to their highest in the session after weak demand for the second month in a row at an auction on seven-year notes. The session high yield was 1.642%. On Thursday afternoon they yielded 1.630%.The rise again in the dollar indicated investors were shrugging off positive data...WW…

By , NEW YORK (Reuters) - The dollar index rose against a basket of most major currencies on Tuesday, surpassing a two-week high, while yields on U.S. Treasuries slipped as U.S. Federal Reserve Chair Jerome Powell told Congress inflation will not get out of hand.The dollar index was last up 0.65% at 91.8, reversing course from Monday when it dipped but hovered below four-month highs, as investors sought safe havens.Yields on U.S. Treasuries also slipped again, at 1.624%. Earlier Tuesday, the Treasury drew solid demand for two-year notes, with investors looking ahead to auctions for...…By , NEW YORK (Reuters) - The dollar index rose against a basket of most major currencies on Tuesday, surpassing a two-week high, while yields on U.S. Treasuries slipped as U.S. Federal Reserve Chair Jerome Powell told Congress inflation will not get out of hand.The dollar index was last up 0.65% at 91.8, reversing course from Monday when it dipped but hovered below four-month highs, as investors sought safe havens.Yields on U.S. Treasuries also slipped again, at 1.624%. Earlier Tuesday, the Treasury drew solid demand for two-year notes, with investors looking ahead to auctions for...WW…

By , , (Reuters) - U.S. video game retailer GameStop Corp decided it could not seize on the Reddit-fueled rally in its shares to sell hundreds of millions of dollars worth of stock because of regulatory restrictions, according to three people familiar with the matter.The Grapevine, Texas-based company found itself at the epicenter of an unprecedented trading frenzy last month, as amateur investors organized on social media sites such as Reddit to bet against Wall Street hedge funds that had shorted its shares.While many heavily shorted stocks, from movie theater operator AMC Entertainment...…By , , (Reuters) - U.S. video game retailer GameStop Corp decided it could not seize on the Reddit-fueled rally in its shares to sell hundreds of millions of dollars worth of stock because of regulatory restrictions, according to three people familiar with the matter.The Grapevine, Texas-based company found itself at the epicenter of an unprecedented trading frenzy last month, as amateur investors organized on social media sites such as Reddit to bet against Wall Street hedge funds that had shorted its shares.While many heavily shorted stocks, from movie theater operator AMC Entertainment...WW…

By , , WASHINGTON/NEW YORK/BANGALORE (Reuters) - Marriott International Inc, the world’s largest hotel company, and the Blue Cross Blue Shield Association (BCBSA) said Sunday they will suspend donations to U.S. lawmakers who voted last week against certifying President-elect Joe Biden’s victory.“We have taken the destructive events at the Capitol to undermine a legitimate and fair election into consideration and will be pausing political giving from our Political Action Committee to those who voted against certification of the election,” Marriott spokeswoman Connie Kim said, confirming a...…By , , WASHINGTON/NEW YORK/BANGALORE (Reuters) - Marriott International Inc, the world’s largest hotel company, and the Blue Cross Blue Shield Association (BCBSA) said Sunday they will suspend donations to U.S. lawmakers who voted last week against certifying President-elect Joe Biden’s victory.“We have taken the destructive events at the Capitol to undermine a legitimate and fair election into consideration and will be pausing political giving from our Political Action Committee to those who voted against certification of the election,” Marriott spokeswoman Connie Kim said, confirming a...WW…