The maker of wholesale clothing plans to sell certain assets related to its Salt Life branded products for about $28 million to FCM Saltwater Holdings.
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- Lithium prices are plumbing multiyear lows in a market awash with the battery material, and it is unlikely they have hit bottom yet.
- Private-equity firm Carlyle Group is in exclusive talks to acquire medical-device maker Baxter's kidney-care spinoff Vantive for more $4 billion, including debt.
- The Nasdaq and S&P 500 gained 0.9% and 0.5% Friday to close out the week at fresh highs while the Dow edged higher after the jobs report shored up hopes that the Fed will cut rates.
- The Labor Department reported that the U.S. added a solid 206,000 jobs last month, slightly beating expectations and continuing a remarkably strong run, but the unemployment rate ticked up to 4.1%, a sign of slack in a labor market.
- The head of America's biggest retail bank, Chase Bank, has a warning for its 86 million customers: Prepare to pay for your bank accounts.
- Shell expects to book up to $2 billion in post-tax impairments after delaying construction of a biofuels plant.
- Indian leader Modi is set to visit Russia to reinforce his country's relationship with Moscow as New Delhi strengthens ties with the U.S. to counter China.
- Marine Le Pen's opponents agreed to try to pool their voter support against candidates of her far-right party in the final round of the French elections on Sunday.
- Finland's president said China holds the key to ending the war in Ukraine, urging Beijing to use its sway over Moscow, urging Beijing to use its sway over Moscow while also calling on the U.S. to lower growing tensions with China.
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