Tailored Brands Inc., (TLRD) is reportedly mulling to file for bankruptcy proceedings as demand for new suits stalled during the coronavirus lockdown period which ordered most office workers to stay at home.The stock declined 1.2% to $1.66 in pre-market trading after dropping 9% on Monday.According to a Bloomberg report, the retailer and its advisers are approaching interested parties about restructuring its debts of more than $1 billion. One scenario is a Chapter 11 filing, which would allow Tailored Brands to keep some of its stores operating while other weaker locations would close down to satisfy its creditors.At the same time, Tailored Brands is still looking for alternative forms of financing. The restructuring plans could depend on market conditions and the outlook for stores to re-open, according to the report.Sales have been dented because shoppers had to stay at home during the pandemic, and canceled events such as weddings and other celebrations, curtailed the need for formal wear. The outbreak of the pandemic could not have come at a much worse moment for Tailored Brands, which has seen sales declining every year since 2016 due to changing consumer tastes and e-commerce rivals.Last month the retailer said it would reopen 300 stores by Memorial Day. CEO Dinesh Lathi said in early May that the company was taking “aggressive” measures to preserve liquidity, including furloughing or laying off a majority of corporate staff and distribution employees, borrowing from its credit facility and extending payment terms with suppliers, vendors and landlords. The dividend was suspended in September.Debt issued by its Men’s Wearhouse has cratered to deeply distressed levels since March, with some of its bonds trading below 30 cents on the dollar after sitting near par in February. Meanwhile, shares have this year lost more than 50% of their value.The stock has a Hold analyst consensus with a $1.50 average price target, which indicates 11% downside potential over the coming year.  Related News: Macy’s Spikes 15% After-Hours On New Financing Deal Syracuse Is Said To Be In Talks To Buy Bankrupt J.C. Penney; Shares Leap 55% Buckle Down Says Street, As Stitch Fix Sinks 7% Post-Print More recent articles from Smarter Analyst: * Tesla CEO Elon Musk Sees Model Y Facing Production Challenges * Lululemon Earnings Preview: Will LULU Live Up To The Hype? * Soleno Plunging 48% In Pre-Market On Obesity Study Failure * Scotts Micracle-Gro Spikes 6% In Pre-Market After Raising 2020 Sales Guidance

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Whilst it may not be a huge deal, we thought it was good to see that the Cellectar Biosciences, Inc. (NASDAQ:CLRB…

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Stocks futures fell Tuesday morning, following global equities lower and pausing after a solid rally over the past several sessions.

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Companies Reporting Before The Bell • Tiffany Inc. (NYSE:TIF) is expected to report quarterly earnings at $0.03 per share on revenue of $700.79 million.• Conn's Inc. (NASDAQ:CONN) is estimated to report quarterly earnings at $0.32 per share on revenue of $300.19 million.• HD Supply Holdings Inc. (NASDAQ:HDS) is expected to report quarterly earnings at $0.54 per share on revenue of $1.38 billion.• Signet Jewelers Inc. (NYSE:SIG) is expected to report quarterly earnings at $2.87 per share on revenue of $879.49 million.• Genesco Inc. (NYSE:GCO) is expected to report quarterly earnings at $2.02 per share on revenue of $317.80 million.• Brown Forman Inc (NYSE:BF.B) is expected to report quarterly earnings at $0.28 per share on revenue of $687.08 million.• FuelCell Energy Inc. (NASDAQ:FCEL) is estimated to report quarterly earnings at $0.07 per share on revenue of $15.55 million.• Movado Group Inc. (NYSE:MOV) is estimated to report quarterly earnings at $0.20 per share on revenue of $81.00 million.• Quotient Inc. (NASDAQ:QTNT) is estimated to report quarterly earnings at $0.34 per share on revenue of $7.93 million.• Wanda Sports Group Co Inc. (NASDAQ:WSG) is expected to report quarterly earnings at $0.53 per share on revenue of $120.04 million.• Lovesac Inc. (NASDAQ:LOVE) is expected to report quarterly earnings at $0.67 per share on revenue of $47.20 million.View more earnings on BF Companies Reporting After The Bell • AMC Entertainment Inc. (NYSE:AMC) is expected to report quarterly earnings at $1.52 per share on revenue of $951.43 million.• GameStop Inc. (NYSE:GME) is estimated to report quarterly earnings at $0.46 per share on revenue of $1.09 billion.• Five Below Inc. (NASDAQ:FIVE) is estimated to report quarterly earnings at $0.29 per share on revenue of $239.98 million.• Verint Systems Inc. (NASDAQ:VRNT) is expected to report quarterly earnings at $0.68 per share on revenue of $323.29 million.• Concrete Pumping Holdings Inc. (NASDAQ:BBCP) is estimated to report quarterly earnings at $0.07 per share on revenue of $72.77 million.• None Inc. (None:BPMX) is estimated to report earnings for it's first quarter.• Chewy Inc. (NYSE:CHWY) is estimated to report quarterly earnings at $0.16 per share on revenue of $1.53 billion.• Iteris Inc. (NASDAQ:ITI) is estimated to report quarterly earnings at $0.01 per share on revenue of $31.18 million.• Lakeland Industries Inc. (NASDAQ:LAKE) is expected to report quarterly earnings at $0.15 per share on revenue of $27.76 million.• Limoneira Inc. (NASDAQ:LMNR) is expected to report quarterly earnings at $0.04 per share on revenue of $40.70 million.• Senseonics Holdings, Inc. Common Stock Inc. (AMEX:SENS) is estimated to report quarterly earnings at $0.13 per share on revenue of $930.00 thousand.See more from Benzinga * 13 Communication Services Stocks Moving In Monday's Pre-Market Session * Stocks That Hit 52-Week Highs On Thursday * Stocks That Hit 52-Week Lows On Wednesday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Top news and what to watch in the markets on Tuesday, June 9, 2020.

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General Electric Co. (GE) said it reopened portions of its prior debt offerings as it seeks to raise $3 billion in total proceeds to bump up its cash buffers to cope with the coronavirus crisis.The company said the reopening was in “response to a reverse inquiry from a long-term strategic investor”. Shares rose 7.4% to $8.46 on Monday.GE expects to use these proceeds to reduce shorter-duration debt, including repaying a portion of GE’s intercompany debt obligations to GE Capital and lower GE Capital’s outstanding debt obligations.“The combination of transactions is expected to be leverage neutral over time,” the company said in a statement.The move builds on a number of recent leverage-neutral actions that have improved GE’s near-term liquidity by extending $4.2 billion of industrial maturities and $4.4 billion of capital maturities to date. The company added that it remains committed to achieving its leverage goals over time.Upon closing of the two offerings, both the GE notes and the GE Capital notes will rank pari passu with the outstanding existing and future senior unsecured debt of GE, the company said. Both offerings are expected to close on June 15 subject to satisfaction of customary closing conditions.Shares in GE have been hit hard this year, dropping almost 30%. The decline is mostly on account of GE’s heavy dependency on the commercial aviation sector, which has come to an almost standstill during the coronavirus pandemic. GE announced last month that it is cutting 25% of the workforce at its aviation unit, which makes engines for Boeing (BA) and Airbus.Meanwhile Citigroup analyst Andrew Kaplowitz this month kept a Buy rating on the stock with a $8 price target amid optimism that a recovery at GE Healthcare could be underway as COVID-19 supports an acceleration of the adoption of healthcare digital tools.After hosting a virtual meeting with GE Healthcare CEO Kieran Murphy, the analyst tells investors that healthcare demand trends are improving faster than expected with China, in particular, largely "normalized".Kaplowitz believes that longer-term, the "margin expansion runway in the business could remain substantial".As the coronavirus pandemic is forcing a change in certain clinical practices, GE’s digital products related to remote patient monitoring and healthcare workflow have been amongst the tools deployed in dealing with the pandemic, Kaplowitz added.The Street’s rating outlook for GE is currently split with 8 Buy and 7 Hold ratings, adding up to a Moderate Buy consensus. The average analyst price target of $8.66 per share indicates shares have a mere 2.4% upside potential over the coming year, following some recovery over the past month. (See GE stock analysis on TipRanks).Related News: Airbus Gets No New Aircraft Orders In May Amid Aviation Crisis Boeing CEO Says ‘Likely’ A Major Airline Could Fold In 2020 Colombian Carrier Avianca Files for Bankruptcy Protection Due to Coronavirus Woes More recent articles from Smarter Analyst: * Soleno Plunging 48% In Pre-Market On Obesity Study Failure * Scotts Micracle-Gro Spikes 6% In Pre-Market After Raising 2020 Sales Guidance * IBM Makes Surprise Exit From Facial Recognition Business * Macy’s Spikes 15% After-Hours On New Financing Deal

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(Bloomberg) — As a sense of euphoria sweeps through global equity markets propelling stocks to regain $21 trillion in value from a March low, the asset class is looking increasingly frothy.While stock luminaries who had advocated for a bull zone look like winners in hindsight, the debate goes on about whether the rally is a bear market bounce, doomed to end. Asia still looks set to end the day with a gain, but stocks in Europe have turned lower, poised for the worst performance in more than a week.Global equities have climbed back to levels last seen in February, when the coronavirus began spreading rapidly outside of China. The 42% surge from a March low is the best advance over an equivalent time-frame since 2009 for the MSCI ACWI Index that includes stocks in both the emerging and developed world. The gauge is now trading at 20 times next year’s profits, the most expensive since 2002.“This rally is a function of government support being thrown behind the economy,” said Paul Sandhu, head of multi-asset quant solutions and client advisory for Asia Pacific at BNP Paribas Asset Management. “There are key risks that could lead to more volatility ahead over the short term, which is why we continue to hedge our portfolios on the downside while still looking for opportunities to add risk for the medium to long term.”So far bulls are in charge. U.S. stocks just crossed an important psychological milestone of recouping this year’s losses. Asia’s equity benchmark is having its seventh straight day of gains, the longest streak in more than two years. And European shares are on course for the best monthly gain since 2009.Factors including a wall of money from the guardians of global economies, the easing of lockdowns and the shockingly positive employment numbers in the U.S. are drawing more buyers to participate, picking up cheaper sectors and adding more fuel to the rally. Yet caution still abounds with some investors increasing hedges for potential volatility ahead.“The risk of a correction will rise if investors continue to price in a rapid recovery, especially for sectors that are vulnerable to another wave of infections or an escalation of tensions between the U.S. and China,” said Tai Hui, chief Asia market strategist at JPMorgan Asset Management.In another sign that the rally is stretched, global share-price gains in the past month have purely come from multiple expansion as earnings forecasts have barely budged since May. Adding to that is the fact the MSCI world measure has been in overbought territory since the start of the month, with the relative strength gauge on the index reaching the highest since January, which is considered a bearish signal by some.Meanwhile, speculative excess has surged to the highest in at least 20 years among U.S. options traders, a negative for stocks over the medium term, according to Sundial Capital Research Inc. And a time-honored strategy of hedging stocks with government bonds has become questionable now that bond yields have plummeted thanks to policy easing across the world.“If everyone is holding stocks just to pass on to the next greater fool, and if the greatest fool is a central bank with infinite liquidity to buy them, then, yes, prices will keep going up,” according to a note from Rabobank on Tuesday.(Adds market performance in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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Baillie Gifford has invested $35 million in Germany-based air-taxi startup Lilium, the Financial Times reported.What Happened The United Kingdom-based private investment firm holds a nearly 4% stake in Lilium as a result of the investment that valued the startup at more than $1 billion, according to the Financial Times.Baillie Gifford is looking for "situations where there is the potential for a really transformative new market or product in the long term, while recognising that these will often take a lot of time to come to fruition," investment manager Michael Pye told the Financial Times.The firm is best-known for being the largest external investor in electric vehicles maker Tesla Inc. (NASDAQ: TSLA) and was also an early investor in Amazon.com Inc. (NASDAQ: AMZN), the Space Exploration Company (or SpaceX), Spotify Technology SA (NYSE: SPOT), and Airbnb Inc.Baillie Gifford, earlier this year, invested in California-based Lilium rival Joby. Pye told the Financial Times that the firm's Lilium funding is higher than what it invested in Joby.Lilium, which is aiming to launch five-seater city-to-city air taxis, has raised $375 million to date, according to the Financial Times.Image Credit: Lilium.See more from Benzinga * IBM Discontinues Facial Recognition Technology, Says It Can't Condone 'Racial Profiling' Or 'Mass Surveillance' * Facebook-Backed Jio Platforms Gets 0M From Abu Dhabi Sovereign Fund As It Looks To Challenge Amazon, Walmart In India * Chinese Online Grocery Seller Dada Welcomes 'Better Auditing And Regulation,' As Company Starts Trading At Nasdaq(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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(Bloomberg) — Occidental Petroleum Corp. is reviewing options for its Middle Eastern assets as it seeks ways to reduce its debt pile, people familiar with the matter said.Houston-based Occidental is considering reducing its stakes in oil and natural gas fields in Oman, according to the people, who asked not to be identified because the information is private. Its holdings in the Gulf sultanate could be valued at more than $1 billion, the people said.The company is also open to divesting other assets in the Middle East, though it isn’t formally soliciting interest, the people said. Outside of Oman, it has a presence in the United Arab Emirates and Qatar.Occidental was saddled with about $40 billion of debt after its purchase of Anadarko Petroleum Corp. last year. It has gone from being a steady, diversified producer to a shale-focused driller that has seen its shares fall more than 40% this year. A slump in energy demand worsened Occidental’s financial situation, forcing it in May to cut a quarterly dividend to the lowest level in decades.Failed DealsThe company has been producing in Oman for more than 30 years, according to Occidental’s website. It has operations at the Safah Field and Block 62 in the north of the country and at the Mukhaizna Field in the south.Occidental has a 40% holding in Abu Dhabi National Oil Co.’s Al Hosn project in the United Arab Emirates and a 24.5% interest in Qatar’s North Field, which both rank among the region’s biggest gas reservoirs. It also owns a stake in Dolphin Energy Ltd., which processes gas from the Qatar project and transports it by pipeline to the UAE.No final decisions have been made, and there’s no certainty the deliberations will lead to a transaction, the people said. A representative for Occidental declined to comment.Occidental shares extended gains in Monday afternoon trading. They were up 17% to $24.40, the highest in more than three months, at the close in New York.The explorer previously tried in 2014 to raise as much as $8 billion by selling a stake in its Middle Eastern business. At the time, it was in talks to sell a 40% interest in the operations to a consortium of government-backed firms from Oman, Abu Dhabi and Qatar. That attempt fell apart amid political turmoil in the region, Bloomberg News reported at the time.More recent divestment plans were derailed when Total SA abandoned a purchase of Occidental assets in Ghana and Algeria.(Updates with closing share price in seventh paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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