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EPA:KER News 14 January 2026

Saks Global files for bankruptcy: $1.75 billion financing, new CEO and a test for luxury suppliers

Saks Global files for bankruptcy: $1.75 billion financing, new CEO and a test for luxury suppliers

New York, Jan 14, 2026, 09:47 (EST) Saks Global, which owns Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, filed for Chapter 11 bankruptcy protection late Tuesday. This marks one of the largest U.S. retail failures since the pandemic. Chapter 11 allows the company to continue operating under court oversight while it works on restructuring its debt. (Reuters) The bankruptcy…
14 January 2026
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Stock Market Today

  • Consolidated Edison Ownership Dominated by Institutions at 72%
    January 29, 2026, 7:02 AM EST. Consolidated Edison, Inc. (NYSE:ED) is largely controlled by institutional investors, owning 72% of shares. The top 25 shareholders hold 50% of the company, with Vanguard Group as the largest at 13%. This significant stake suggests institutional confidence but also vulnerability; coordinated trading by these investors could sharply affect the stock price. Institutional holdings often influence company decisions, indicating the board will likely heed their preferences. Despite wide share distribution, no single dominant shareholder emerges. Monitoring these ownership patterns alongside earnings and analyst forecasts provides insight into Consolidated Edison's market outlook and potential stock performance.
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