• Tom Bergeron jokes about fast replacement on ‘Dancing with the Stars’

    Tom Bergeron jokes about fast replacement on ‘Dancing with the Stars’

    Tom Bergeron poked fun at how fast he had been replaced by Tyra Banks as the new host of “Dancing with the Stars.” After exiting the series earlier this week, the longtime host of ABC’s dancing competition took to Twitter on Wednesday, joking, “I guess I won’t be getting back my monogrammed towels.” Bergeron’s co-host …
  • Ghislaine Maxwell pal thinks secret marriage was to ‘protect the money she had’

    Ghislaine Maxwell pal thinks secret marriage was to ‘protect the money she had’

    Ghislaine Maxwell secretly wed to safeguard her fortune amid her legal woes, a friend claims in a new report. The pal believes the hidden marriage — a bombshell revelation at Maxwell’s court hearing — was likely orchestrated “to protect the money she had,” the Times UK reported. Prosecutors say the British heiress is linked to …
  • Morgan Stanley’s profits surge 45 percent despite coronavirus

    Morgan Stanley’s profits surge 45 percent despite coronavirus

    The market and the economy are out of sync, and that was a recipe for success at Morgan Stanley. The Wall Street giant’s chief James Gorman delivered a blowout quarter to investors on Thursday, riding an unprecedented market rally in the second quarter even as the US economy got slammed with record unemployment and business …
  • Bank of America’s profit plunges as it sets aside $5B for coronavirus defaults

    Bank of America’s profit plunges as it sets aside $5B for coronavirus defaults

    Bank of America’s profits plunged by more than half as it set aside more than $5 billion in capital to brace itself against possible loan defaults in the coming months. The nation’s No. 2 lender on Thursday reported earnings of $3.53 billion, or 37 cents per share versus $7.35 billion, or 27 cents a share, …
  • JCPenney to cut 1,000 jobs, shutter 152 stores

    JCPenney to cut 1,000 jobs, shutter 152 stores

    JCPenney said on Wednesday it would cut about 1,000 jobs and shutter 152 stores as the US department store chain looks to emerge from Chapter 11 protection and the COVID-19 crisis. The layoffs would affect corporate, field management, and international roles and eligible departing employees would receive a severance package. The company is also in …
  • Company behind Dean & Deluca bankruptcy offers $10M to bring it back

    Company behind Dean & Deluca bankruptcy offers $10M to bring it back

    The company that drove Dean & Deluca into bankruptcy is offering $10 million for another shot at running the gourmet grocer, The Post has learned. Thailand-based real estate company, Pace Development, which sunk millions into a failed Dean & Deluca expansion before filing for Chapter 11 bankruptcy protection in April, outlined its plan for a …
  • Tyra Banks is the new host of ‘Dancing with the Stars’

    Tyra Banks is the new host of ‘Dancing with the Stars’

    Tyra Banks is ballroom-bound. The 46-year-old supermodel and businesswoman has been tapped as the new host of ABC’s “Dancing with the Stars,” the series announced on Twitter, following the departures of hosts Tom Bergeron and Erin Andrews. “I’ve been a fan of ‘DWTS’ since its beginning … The fun mixed with raw emotion, seeing celebrities …
  • Wells Fargo swings to a massive loss as coronavirus crimps turnaround

    Wells Fargo swings to a massive loss as coronavirus crimps turnaround

    The wheels are coming off The Stagecoach. Wells Fargo swung to a big loss in the second quarter, forcing it to set aside billions of dollars to cover possible loan losses ahead as the coronavirus threw a wrench into its efforts to recover from a slew of scandals. The third-biggest US lender posted a net …
  • JPMorgan Chase beats estimates, but second quarter profits plunge

    JPMorgan Chase beats estimates, but second quarter profits plunge

    JPMorgan Chase’s second quarter earnings beat analyst expectations, but its profits plunged 51 percent as the coronavirus pandemic weighed on big banks. The mega-bank on Tuesday reported net income of nearly $4.7 billion from April through June, down from about $9.6 billion in the same period last year. Its earnings per share of $1.38 were …
  • Hedge fund plans to buy bankrupt McClatchy newspaper chain

    Hedge fund plans to buy bankrupt McClatchy newspaper chain

    Chatham Asset Management plans to buy the bankrupt McClatchy newspaper chain in the latest hedge-fund takeover of a major news publisher. New Jersey-based Chatham was named the winning bidder Sunday of a bankruptcy auction for the publisher of 30 local newspapers including the Miami Herald, the Sacramento Bee and the Kansas City Star. The companies …