The chain, which started with a single shop in Brooklyn in 1924, said it would close all 42 of its locations by the end of July, citing competition from online retailers.

Negotiations are now likely to focus on another suitor, Sony, which has teamed up with the private equity giant Apollo on a $26 billion bid.

Columbia University’s radio station and other student-led news outlets have provided some of the most detailed coverage of the turmoil engulfing university campuses.

A cooler-than-expected jobs report for April shifted the tone on Wall Street, rekindling investors’ expectations that the Federal Reserve may cut rates soon.

As director of the International Ladies’ Garment Workers’ Union, she fought for better working wages and conditions while wresting control from the mob.

Wage growth and hiring slowed in April, prodding investors to slightly increase their bets on rate cuts this year.