Author: Rebecca Ayers

The Texas economy showed continued signs of expansion in August.

The Federal Deposit Insurance Corp. reported a 70% decrease in net income in the second quarter 2020 compared to a year ago. Meanwhile, Texas banks saw less than a 1% decrease in net income in the same time period. 

Texas banks saw quarterly net incom…

Neiman Marcus received court approval of its reorganization plan, but how quickly the retailer will ultimately recover is up in the air.

J.C. Penney Co. Inc. recently announced that it reached an agreement to sell its retail and operating assets to Brookfield Property Group and Simon Property Group for $1.75 billion. Bloomberg Senior Retail Analyst Poonam Goyal said that this was certai…

The deal values JCPenney at $1.75 billion.

Federal Reserve Bank of Dallas Senior Economic Policy Advisor Anthony Murphy spoke with the Dallas Business Journal about how the banking industry has been impacted by the current recession and inflation.

The strategic partnership was established to invest in the development and acquisition of acute-care health facilities in Texas and Florida.

Retail Ecommerce Ventures won the rights to Pier 1 Imports Inc.’s label and assets related to its e-commerce business for $31 million, according to a news release. 

New York-based REV now has the Fort Worth-based retailer’s assets including the tradem…

From never doing an SBA loan before to becoming the eighth most-active PPP loan provider in Houston, here’s how Kabbage Inc. is serving small businesses in the Bayou City and beyond.