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Office prices need to drop 50% more for housing conversions to work, says Goldman

Prices in San Francisco, Boston, Los Angeles and Seattle need to fall at least 30% more

Jan hatziusGoldman sachsArticle normalBuilding constructionResidential building constructionFinancial investment servicesSecurity brokering dealingBanking creditConstruction real estateFinancial servicesInvesting securitiesCorporate industrial newsPolitical general newsSociety communityConsumer affairsPersonal finance

Urban Outfitters is reviewing all areas of its struggling namesake stores

Shoppers are “not as exuberant as they were when first coming out of the pandemic,” the retailer’s CEO said.

United statesShea jensenDick hayneFrank confortiOutfitters incNordstrom incUrban outfittersUrban outfitterFree peopleExecutive dick hayneArticle normalRetail wholesaleClothing retailSpecialty retailingClothing textilesConsumer goods

Dating app Bumble to lay off about 37% of workforce as it looks to drive growth

Online-dating company Bumble Inc. will lay off approximately 350 workers about 37% of its workforce as part of a restructuring plan.

Lidiane jonesExpedia group incSony group corpChief financial officer anu subramanianTexas based bumbleWhitney wolfe herdSony groupExpedia groupArticle normalBusiness consumer servicesDating servicesInternet online servicesSpecialized consumer servicesCorporate strategy planningFinancial performanceShare price movement disruptions

Thai stocks tumble as SET Index drops

Thailand stocks fell Wednesday, with the composite Thailand SET Index dropping 0.7% to 1,383.78. Hana Microelectronics a technology firm, posted the largest.

Comp electronicsCal comp electronicsArticle normalIndustrial electronicsIndustrial goodsEquity marketsCommodity financial market newsContent typesFactiva filtersC amp ampe exclusion filterHang seng indexHk hsiNikkei 225 indexJp nikKospi composite indexKr 180721

Korea Gas Shares Fall After First Annual Net Loss in Three Years

By Kwanwoo Jun Korea Gas's shares fell Wednesday after the South Korean state utility posted weak quarterly results that led to its first annual net loss in.

South koreaSouth koreanKwanwoo junShinyoung securitiesKwon duk minKorea gasArticle normalElectricity gas utilitiesGas utilitiesFossil fuelsNatural gasOil and gasFinancial performanceShare price movement disruptionsCorporate industrial newsEquity markets

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