Money

Barneys New York Secures a Larger Capital Infusion to Pay Bills, Reorganize

Barneys New York has received a new lifeline, less than one day after the iconic luxury fashion retailer filed for Chapter 11 bankruptcy protection. In a last-minute announcement late Tuesday at the start of the company’s first bankruptcy hearing, attorneys for Barneys said the company received a larger capital-infusion offer, extended by Brigade Capital Management …

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Security Researchers Find ‘Worst Case Scenario’ in LeapFrog Kids Tablet

Researchers have found gaping security holes in LeapFrog’s LeapPad Ultimate Tablet for children that could let hackers determine a child’s location, send them messages, and steal sensitive information. The tablets, which sell for around $80, are geared toward three-to-six-year-olds, and come pre-loaded with everything from game and flashcards, to read-along videos. Parents can also add …

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Clinton Impeachment to Get FX ‘Crime Story’ Treatment in 2020

More than 20 years after her name became synonymous with political scandal, Monica Lewinsky is taking her story to the small screen as a producer on the next installment of FX’s Emmy-winning Ryan Murphy-produced anthology series American Crime Story. The news was announced Tuesday during FX Networks’s daylong presentation at the Television Critics Association annual …

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Walmart Employee Who Protested the Retailer’s Gun Sales Says the Company Retaliated Against Him

A Walmart employee has been shut out of the company’s networks after organizing a protest against the retailer’s stance on gun sales. Thomas Marshall, a 23-year-old category manager in Walmart’s San Bruno, Calif.-based e-commerce business, asked employees to call in sick Tuesday, leave work early on Wednesday, and sign a Change.org petition that urges the company to stop selling …

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Novartis Defends $2.1 Million Gene Therapy After FDA Data Manipulation Claims—Brainstorm Health

Good afternoon, readers. Shares of Novartis fell nearly 3% in Tuesday trading after the Food and Drug Administration (FDA) levied serious allegations of data manipulation against the drug giant. The claims involve the gene therapy Zolgensma, used to treat the devastating childhood rare disorder spinal muscular atrophy (SMA) – and which, at a $2.1 million …

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