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Alibaba Seek Primary Listing In Hong Kong, Adding To NYSE

Alibaba Seek Primary Listing In Hong Kong, Adding To NYSE

Chinese eCommerce giant Alibaba said on Tuesday that it would apply for a primary listing in Hong Kong. According to the reports, the listing is expected to be completed by the end of the year, which will turn Alibaba into a dual primary listed company on the New York Exchange and the Hong Kong Stock…

Revlon Is To File For Bankruptcy Amid Heavy Debt Load

Revlon Is To File For Bankruptcy Amid Heavy Debt Load

New York-based Revlon, owned by billionaire Ron Perelman’s MacAndrews & Forbes, is preparing to file for Chapter 11 bankruptcy amid a heavy debt load, according to the people aware of this matter. However, the potential filing is not final yet and could change.  Revlon’s shares plunged 53%, the biggest one-day drop on record, on Friday…