HBC, the parent company of Saks Fifth Avenue, has announced a $2.65 billion acquisition deal with Neiman Marcus Group.
Sectors
California Restaurants May Keep Charging Service Fees Despite New 'Junk Fee' Law
California Gov. Gavin Newsom signed a bill allowing restaurants to collect service charges despite SB 478, which shields consumers from "junk fees."
Philippines Demands $1 Million Payment from China over June 17 Incident
The Philippines demanded a payment worth $1 million in damages from China following an altercation in the South China Sea on June 17.
Tesla’s Strong Deliveries Report Strikes Serious Blow to Short Sellers, Resulting in $3.5 Billion Loss
Tesla's short sellers lost $3.5 billion after the firm announced better-than-expected electric car sales this week.
Ray Kurzweil Hopes to Reach 'Singularity' by Merging with AI
Computer scientist, futurist, and artificial intelligence advocate Ray Kurzweil is optimistic that he will become one with the 'Singularity’ by his eventual death.
Latest News
Dove's global chief marketing officer, Alessandro Manfredi, announced his departure from Unilever after two decades, citing product backlash from controversial marketing campaigns.
German environmental authorities in Brandenburg have approved Tesla's Gruenheide plant expansion, sparking environmental concerns over water supply risks and local ecosystem impacts.
Benjamin Melman of Edmond de Rothschild Asset Management cautioned that a Trump presidency could spike treasury yields of the country due to proposed tax, immigration, and tariff policies impacting inflation and market risk.
Trader Joe's is carrying out a nationwide recall of its Mango Tangerine Scented Candle. Trader Joe's is carrying out a nationwide recall of its Mango Tangerine Scented Candle as it might cause harm to users due to a larger-than-expected flame.
China filed six times more patents for artificial intelligence (AI) technologies than United States-based inventors, according to a UN report.
Lufthansa has won EU antitrust approval to buy 41% of ITA Airways for around $350 million. Lufthansa has received antitrust clearance from the European Union (EU) to acquire 41% of ITA Airways for 325 million euros (about $350 million) following the sale of certain routes and slots, the company announced Wednesday, July 3.
Japan Airlines (JAL) and All Nippon Airways (ANA) have implemented strict guidelines to counter rising customer harassment, including sexual harassment, abusive language, physical assault, and indecent behavior.
'Tinder Scam': Indian Man Faces Shockingly Expensive Bill at Restaurant After Online Date Gone Wrong
An unexpected Tinder date turned into a costly affair for an Indian man, who faced a staggering restaurant bill.
Criminal groups are siphoning billions of dollars annually from the music industry through fraudulent streaming activities, according to a streaming technology firm.
