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Mega mall owners mull investing in Forever 21 after bankruptcy

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South Korea’s exports drop for 10th straight month

South Korea’s exports fell for the 10th consecutive month in September due to the continuing global trade tensions, though the pace of decline moderated slightly.

Exports fell 11.7% from a year earlier to $44.71 billion, a milder drop than the prior month’s revised 13.8% decline, according to preliminary data released by the trade ministry on Tuesday.

The latest reading missed a median market forecast for a 10.2% drop in exports.

Imports decreased 5.6% from a year earlier to $38.74 billion after a revised 4.2% drop in the previous month, with the trade surplus coming in at $5.97 billion. The median forecast was for a 4.2% fall in imports and $4.94 billion in trade surplus.

The trade-dependent Korean economy is feeling the pinch from the protracted U.S.-China trade dispute. The deepening Korea-Japan spat over Japan’s restrictions on exports of some key high-tech materials is also weighing on Korean memory-chip and display makers.

Write to Kwanwoo Jun at [email protected]

Today’s National Punctuation Day

Today, September 24th, is observed as the National Punctuation Day in the U.S. This day was launched in 2004 by the American newsletter writer Jeff Rubin to spread awareness as well as educate people on proper usage of punctuation. His concerns of declining language skills among people made him start such a day to make the individuals mindful while using commas, semicolons, quotation marks, and the likes at the time of writing.

As you know, punctuation is one of the most important aspects of written English. An incorrect usage of punctuation can give the sentence a completely different meaning. Just as pauses, change in tones, etc. make the listener reflect on what you said, punctuation gives life to written words.

Punctuation can save a life. “Hang him, not let him go!” and “Hang him not, let him go!”. See how one’s life is hanging on a simple comma!

“Let’s eat Grandma!” If you miss to put a comma after “eat,” people can mistake you to be a cannibal.

I’m sorry; I love you. and I’m sorry I love you. can make or break a relationship.

Punctuation day has been gaining more and more media coverage every passing year. Schools also conduct writing competitions for students to observe this day.

To celebrate National Punctuation Day, Rubin invites people, who appreciate the
correct usage of punctuations, to send to him mistakes spotted by them in everyday life.

Sensex rebounds 250 points, Nifty above 11,500 in early trade

The Sensex gain was led mainly by Yes Bank, Axis bank, ICICI Bank, PowerGrid, Tata Motors and HDFC Bank.

After falling for two straight sessions in a row, the BSE Sensex rebounded over 250 points in opening trade on Tuesday, led by gains in bank stocks.

Likewise, the NSE gauge Nifty rose about 70 points in opening deals.

The 30-share Sensex recovered 250.06 points or 0.65 % to trade at 38,917.39. While the broader Nifty was up 69.30 points or 0.60 per cent at 11,543.75 in opening trade.

The Sensex gain was led mainly by Yes Bank, Axis bank, ICICI Bank, PowerGrid, Tata Motors and HDFC Bank.

On the other hand, ONGC, Bharti Airtel, TCS, HCL Tech, Infosys and Tech Mahindra were among the the scrips trading in the red.

On Monday, the Sensex fell 155.24 points or 0.40 % to 38,667.33, while the Nifty dropped 37.95 points or 0.33 per cent to close at 11,474.45.

Investors were cautious in view of reports highlighting governance and structural issues in the financial services space, bringing the financial and banking stocks under immense pressure on Monday.

Meanwhile, the Indian rupee was trading about 10 paise higher at 70.77 against the American currency in morning deals.

Foreign investors pulled out ₹ 469.40 crore from Indian equity market on Monday, exchange data showed.

Stocks in Asia were mostly higher in early trade on Tuesday.

Markets in China and Hong Kong are closed for holidays.

Ex-Yahoo engineer admits hacking 6,000 email accounts in search of lewd photos

SAN JOSE, Calif. — A former Yahoo software engineer has pleaded guilty to hacking into the accounts of some 6,000 Yahoo users in search of sexual photos and videos.

The U.S. Attorney’s Office says Reyes Daniel Ruiz admitted in court Monday that he mostly targeted accounts belonging to younger women, including his personal friends and work colleagues.

Prosecutors say once he gained access to Yahoo accounts, he was able to compromise iCloud, Facebook, Gmail and other online services in search of private images.

The 34-year-old stored the material on a private computer that he destroyed after his employer noticed the suspicious activity.

Ruiz, of the Northern California city of Tracy, pleaded guilty to one count of computer intrusion. He faces five years in prison when he’s sentenced Feb. 3.

Yahoo is now owned by Verizon Communications Inc. VZ, +0.10% 

Mega mall owners mull investing in Forever 21 after bankruptcy

Forever 21 files for bankruptcy

FOX Business’ Susan Li reports on Forever 21 filing for chapter 11 bankruptcy.

Two mall titans may invest in the bankrupt teen retailer Forever 21.

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The retailer filed for bankruptcy protection on Sunday morning and recently tried to cut a deal in which its two largest landlords, Brookfield Property and Simon Property, would take an ownership stake, according to the New York Post.

The reason, is Forever 21 uses a lot of mall space with its 541 stores. The nationwide closure of 178 locations would leave big holes at shopping malls.

Negotiations between the retailer, Brookfield, and Simon are considered dead for now as they reached an impasse over the weekend.

Reps for Simon, Brookfield and Forever 21 didn’t respond to requests for comment by The Post.

Forever 21 is planning to close 350 of its 800 stores worldwide, including most of its operations in Asia and Europe, according to court documents.


Three years ago, Simon and mall operators GGP,  which is now owned by Simon, rescued teen chain Aeropostale out of bankruptcy rather than face 740 stores going dark.