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Categories Business

Nordstrom to go private in $6.25 billion deal with founding family, Mexican retailer

Author December 24, 2024

Nordstrom on Monday announced it will become a private company after it agreed to a buyout deal valued at roughly $6.25 billion from Nordstrom’s founding family

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Categories Business

Honda and Nissan officially begin merger talks to create world’s third-largest automaker

Author December 24, 2024

Japanese automakers Nissan and Honda on Monday announced they had entered into official talks to merge and create the world’s third-largest automaker by sales. In a news conference on

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Categories Business

Netflix secures U.S. rights to the FIFA Women’s World Cup in 2027, 2031

Author December 22, 2024

Netflix on Friday announced it has secured exclusive rights in the U.S. to the FIFA Women’s World Cup in 2027 and 2031. The announcement comes just

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Categories Business

CFPB sues America’s largest banks for ‘allowing fraud to fester’ on Zelle

Author December 21, 2024

The Consumer Financial Protection Bureau is suing America’s three largest banks, accusing the institutions of failing to protect customers from fraud on

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Categories Business

Party City to close all of its stores, report says

Author December 21, 2024

Party City on Friday announced it will close all of its stores and has initiated corporate layoffs effective immediately, according to a CNN

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Categories Business

Starbucks union announces strike to last through Christmas Eve in 3 major cities

Author December 20, 2024

Love Starbucks holiday drinks? This week, you may not get them. Starbucks Workers United announced baristas will strike starting Friday in three

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Categories Business

OpenAI is done with Shipmas and staring down daunting challenges for 2025

Author December 20, 2024

OpenAI’s “12 Days of Shipmas,” which wrapped up on Friday, brought a sense of levity to end the year. The marketing blitz

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Categories Business

Trump transfers all his DJT shares to his revocable trust, SEC filings show

Author December 20, 2024

President-elect Donald Trump this week transferred his entire stake of shares in Trump Media to a revocable trust of which he is the sole beneficiary, regulatory filings revealed Thursday evening. Trump

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Categories Business

Big Lots initiates going-out-of-business sales at remaining locations

Author December 20, 2024

Troubled discount furniture and home decor retailer Big Lots will initiate going-out-business sales at its remaining locations after a deal to find

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Categories Business

How Trump could spare Biden’s renewable energy credits and still cripple his landmark climate bill

Author December 20, 2024

The fate of President Joe Biden’s landmark climate legislation, the Inflation Reduction Act, is in the hands of the incoming Republican-controlled White House,

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