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QVC Exits Bankruptcy With $5B Debt Cut, Mike George Returns as CEO on August 7
QVC exits bankruptcy with $5 billion debt reduction and $600 million new credit facility. Former CEO Mike George returns to lead turnaround as company relists on Nasdaq under symbol QVCG.
First Phosphate Uplists ADRs to Nasdaq on August 10, 2026
First Phosphate uplists Level 2 ADRs to Nasdaq Global Market under ticker PHOS on August 10, 2026. The move converts OTCQX holdings automatically and maintains a 10-to-1 ADR ratio.
U.S. Lost 23,000 Jobs in July as Labor Market Weakens
U.S. employers cut 23,000 jobs in July. Unemployment fell to 4.1% but only because workers left the labor force. Wage growth slowed to 3.2% annually, below inflation.
Fun Coffee Ponzi Scheme Collapses: Singapore Woman Loses $400,000 as 200 Investors Lose S$16.3M
Fun Coffee Ponzi scheme collapses after app goes offline July 20. Over 200 investors lose S$16.3 million across Singapore, Hong Kong, Macau. Singapore woman arrested for promoting scheme.
Teen Charged With Manslaughter After Sunshine Grocer Dies in Attack
Van Viet Truong, 60, died from injuries sustained during an alleged attack by five youths in Sunshine, Melbourne. A 15-year-old has been charged with manslaughter; three other youths were granted bail on Friday.
Ardee Industries IPO Day 3: Subscription Status, Allotment Date and GMP Updates
On 7 August 2026, the Ardee Industries IPO entered its third and final day of bidding, attracting strong interest from investors across all categories. The issue had already been subscribed several times before the market closed, reflecting steady demand. At the same time, the grey market premium (GMP) remained firm, keeping expectations for the stock’s…
Vikram Solar Shares Sink to 52-Week Low After Weak Q1 Earnings
On 7 August 2026, Vikram Solar shares dropped to a fresh 52-week low after the company reported weak Q1 FY27 earnings. Revenue increased from a year earlier, but that was not enough to offset a steep fall in profit and lower operating margins. Higher costs and fresh concerns over U.S. tariffs added to the pressure,…
LIC Shares Watch: CEO Clarifies Possibility of Another OFS After ₹31,552 Crore Sale
On 7 August 2026, LIC shares stayed in focus after the company’s CEO said another government Offer for Sale (OFS) is unlikely over the next 18 to 24 months. The statement followed the government’s recent LIC stake sale, which raised ₹31,552 crore, making it one of India’s biggest disinvestment transactions. The clarification has eased concerns…
Coles Offshores Hundreds of Jobs to India in Accenture Deal, August 7
Coles offshores hundreds of corporate jobs to India through an Accenture partnership. The supermarket giant cites competitive retail sector and technology needs. Redundancies expected despite redeployment efforts.