Asian Markets Extend Losses After Wall Street Sell-off

Asian stock markets are mostly lower on Tuesday, extending losses from the previous session following the overnight sell-off on Wall Street amid worries about rising U.S.-China trade tensions. China has announced tariffs on about $ 60 billion worth of U.S. goods in retaliation for the U.S. decision to raise tariffs on about $ 200 billion worth of Chinese imports.
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‘The View’ Unleashes on ‘Aggressive Loser’ Trump’s Billion-Dollar Losses

Reacting to The New York Timesblockbuster story revealing Donald Trump lost over a billion dollars and avoided paying income taxes for several consecutive years during the 1980s and ’90s, The View co-host Whoopi Goldberg said Wednesday she was “pissed” that Trump didn’t pay taxes for so long while the other hosts labeled him an “aggressive loser” and “fraud.”

Asking her colleagues if any of them could “get away with that,” Goldberg recounted how her mother “worked her tail off” to pay her taxes when she was younger. Liberal co-host and frequent Trump critic Joy Behar went on to say she couldn’t figure out if Trump was a “fraud or a loser” while highlighting some of the more eye-popping revelations in the Times story.

“It doesn’t even matter. He didn’t pay taxes for ten years. How do you get away without paying—I’m sorry. I’m pissed!” Goldberg declared to raucous applause.

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Uber’s sky-high valuation and huge losses made sense in Silicon Valley, but not on Wall Street

This is Uber's central challenge as it moves from the cozy confines of the Bay Area, where venture capital and private equity firms fund futuristic projects, to the rigors of Wall Street.
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Losses Reach $20 Million at China’s Maoyan

Reporting its first financial data since a February IPO in Hong Kong, mainland Chinese movie ticketing firm Maoyan saw its revenue grow by 47% to $ 560 million (RMB3.76 billion) in 2018. Net losses for the year grew from $ 11.3 million (RMB76 million) to $ 20 million (RMB134 million). Though the company also chose to present what […]

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DXL Posts Higher Losses in Q4, Will Close Rochester Stores

The losses at Destination XL Group continued to mount in the fourth quarter, despite higher comparable-store sales. But a new wholesale strategy and a new chief executive officer are expected to help the company improve its fortunes in 2019.
At the same time, the company revealed that it will close the remaining five Rochester Clothing stores — a more-upscale brand that it acquired in 2004 — by the end of the fiscal year.
In an earnings call Friday morning, David Levin, acting chief executive officer, said: “The growth in our DXL brand has slowly eroded the sales volume and profitability in our remaining Rochester, N.Y., stores, which are located in high rent metro areas.
“Much of our Rochester assortment will continue to be available on DXL.com and many Rochester brands can be found in DXL stores. With the exception of London, all of our Rochester stores are located in markets within close proximity to one or more DXL stores. In the U.S. we’re working on a customer transfer strategy to encourage our Rochester customers to migrate to nearby DXL stores, and we’re confident that once our Rochester customers discover the DXL experience they will become DXL loyalists.”
On Friday morning, the Canton, Mass.-based men’s

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GLOBAL MARKETS-Dovish Fed shift lifts Asian shares, dollar nurses losses

Shares in Asia rose on
Thursday after the U.S. Federal Reserve took a more
accommodative stance at its policy meeting, but concerns over
slowing global growth and U.S.-China trade talks are expected to
limit gains.


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Stock indexes meander up and down after days of huge losses

Stock indexes falling again at midday Friday after days of big losses that have left major indexes down 11 percent in December
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Destination XL Cuts Losses in Quarter as CEO Search Continues

The corporate restructuring instituted earlier this year is starting to pay off for Destination XL Group.
In the third quarter, the men’s big & tall retailer cut its losses and improved its comparable-store sales, prompting it to update its earnings guidance for the fiscal year. But its search for a new chief executive officer continues as the countdown to the departure of current chief David Levin approaches on Dec. 31. In the case that the retailer can’t find a replacement by year-end, Levin will transition to acting ceo from Jan. 1-April 30 for $ 200,000 a month.
The retailer said that it terminated its deal with Heidrick & Struggles International Inc. to lead the search process on Oct. 1 and is now working with Russell Reynolds Associates to lead the process and expects a successor to be named by the end of the first quarter of fiscal 2019.
As reported, Levin is expected to resign as an officer and director of the company on Jan. 1. The company expects to incur an aggregate charge of approximately $ 2.1 million for ceo transition costs in fiscal 2018 and an additional $ 1.6 million in fiscal 2019 and fiscal 2020.
Turning to the third quarter, the retailer cut its

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Major Averages Posting Modest Losses In Afternoon Trading – U.S. Commentary

Stocks have fluctuated over the course of the trading session on Tuesday but largely maintained a negative bias following an initial move to the downside. The Nasdaq and the S&P 500 have been bouncing back and forth across the unchanged line.
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European Shares Extend Losses On Risk Aversion

European stocks fell on Tuesday to extend losses from the previous session as global growth worries persisted and investors watched the latest developments on Brexit after U.K. Prime Minister won support from Britain’s top business group for her draft Brexit deal.
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