Weekly Download - August 17
Simon Property Group (Tii:SPG), the largest mall owner in the U.S., has been in talks with Amazon (Tii:AMZN), the company many retailers denounce as the mall industry’s biggest disrupter, to take over space left by ailing department stores.
Tesla (Tii:TSLA) announced a five-for-one stock split on Tuesday evening. The split goes into effect on August 31. Theoretically, the move could mean more smaller investors could afford the stock, but those investors are minuscule compared to major institutions. What’s more, most brokerages offer fractional trading now anyways, allowing small traders to buy a slice of expensive stocks.
Airbnb Inc. is close to filing to go public in a move that would underscore a surprising rebound for the home-sharing giant and the IPO market. The company plans to file IPO paperwork with the Securities and Exchange Commission later this month, laying the groundwork for a potential listing before the end of the year, according to people familiar with the matter.
Chinese consumers flocked back to auto dealerships in July, boosting car makers’ hopes of returning to growth in the second half of the year and signaling a broader rebound in the world’s second-largest economy.
Recreational Equipment Inc. is looking to sell its custom-made new headquarters and allow employees to work from home or other offices, the latest sign that the pandemic is driving companies to ditch central offices to raise cash.