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  • 3 Retailers Not Named Payless and Sears That Could Be Next to Go Bust
    Business
    The Street5 hours ago

    3 Retailers Not Named Payless and Sears That Could Be Next to Go Bust

    More and more retailers are inching closer to the edge, as the list of troubled ones grows by the day.  Discount footwear chain Payless ShoeSource is allegedly planning to file for bankruptcy protection under Chapter 11 as soon as next week, and plans to close 400 to 500 stores, according to a report Wednesday morning by Bloomberg. A Payless spokeswoman declined to comment. In February, it was reported that Payless would close 1,000 stores, and, in January, the company announced the elimination of 150 employees. Facing $650 million in debt, Payless, which was taken private by private equity firms Golden Gate Private Equity and Blum Capital Partners in a 2012, $2 billion buyout of parent company

  • News
    MarketWatch9 hours ago

    One day left to apply for ‘the best job on the planet’

    March 30 is the deadlineGettyCouple relaxing in swimming pool on hotel rooftop.DMAMBMCMDMEMGPREVIEWZBZBRZDZQZRZSZTZUIf you’re OK with getting paid $10,000 a month to travel the world and stay at “some of the most desired resorts and homes across the

  • Warren Buffett’s (often ignored) advice to mega-rich investors
    Business
    MarketWatch9 hours ago

    Warren Buffett’s (often ignored) advice to mega-rich investors

    Everybody wants to hear what Warren Buffett has to say about investing. He’s the most famous investor in the world, and chief executive of Berkshire Hathaway BRK.A, -0.90% BRK.B, -0.92% the world’s fourth largest company. So it is no surprise that his 2016 Berkshire Hathaway letter has received a lot of attention. Much of that attention was drawn to a section titled “The Bet.” In 2007 Buffett offered to bet $500,000 that any combination of hedge funds that a fund manager chose would not outperform an S&P SPX, +0.00%  index fund over the subsequent 10 years. Asset manager Ted Seides, of the money management firm Protégé Partners, took Buffett up on his bet. Seides selected a combination of five