Tuesday , August 3 2021

Urban Outfitters jumps after merchandise sales boost profit

Philadelphia / Bloomberg Urban Outfitters Inc. shares rose the most in more than three years after fourth-quarter profit topped analysts’ estimates, helped by a shift toward higher-margin merchandise. Excluding some items, earnings were 61 cents a share, the Philadelphia-based retail chain said in a statement on Monday. Analysts had projected ...

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United board fight breaks out as activists turn to Bethune

Bloomberg Two United Airlines shareholders will nominate Gordon Bethune, renowned for resurrecting merger partner Continental, to head an insurgent director slate as the carrier’s top executive returns from a heart transplant. Hedge funds Altimeter Capital Management LP and PAR Capital Management Inc. are backing six new board members led by ...

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