Nordstrom Family Reaches $4 Billion Deal to Take Retailer Private

Big Lots reaches deal to keep hundreds of U.S. stores open

Big Lots has reached a deal that will keep hundreds of its stores open after filing for bankruptcy protection earlier this year.

CBS News - 3h

Trucks Carrying Aid Finally Reach Sudan’s War-Torn Capital Region

After 20 months of war, and three months of negotiations with the warring sides, a bit of relief arrives for some of the hundreds of thousands of people facing famine.

The New York Times - 22h

2024 Transformed Diablo 4 Into An ARPG Worthy Of The Name

Diablo 4 did huge numbers when it was released in June 2023, with positive reviews, impressive sales numbers , and over 12 million players. But for those who finished the game's campaign and dove ...

GameSpot - 23h

Last-Minute Bargain Hunters Raised Holiday Retail Sales Over 2023

Mastercard found online retail spending during the holiday grew by 6.7 percent over last year.

Inc. - 1d

As Retailers Offered Holiday Discounts, Shoppers Showed Up

Total spending from Nov. 1 through Dec. 24 rose 3.8 percent, data released by Mastercard SpendingPulse showed.

The New York Times - 2d

These are the billion-dollar disasters of 2024

The amount of damage caused by billion-dollar disasters reached an unprecedented amount in 2024

ABC News - 10h

Another jackpot surpasses $1 billion. Is this the new normal?

Remember this moment because it probably won’t last: A U.S. lottery jackpot is projected to soar above $1 billion, and that's still a big deal

ABC News - 1d

Wealth of US private capital chiefs boosted by $56bn

Inclusion in S&P 500 index and growth in operations drove share prices at Blackstone, KKR and Apollo to record highs

Financial Times - 1d

Kings reach rock bottom with disastrous collapse in loss to Pistons

The Kings have reached a new low point following Sacramento's 114-113 loss to the Detroit Pistons on Thursday at Golden 1 Center.

Yahoo Sports - 1d

Manmohan Singh's decisions that shaped a billion lives

Former Indian PM Manmohan Singh, who died on Thursday, led India through both good and bad times.

BBC News - 1d

Retailers, chains that announced closures in 2024

It was another tough year for restaurants and traditional brick-and-mortar retailers. Several national chains announced closures and bankruptcies in 2024 – not to mention the local small businesses ...

The Hill - 1d

Mega Millions jackpot climbs to $1.15 billion

The Mega Millions jackpot has climbed to $1.15 billion ahead of Friday’s drawing, making it the fifth-largest prize in the game’s history.

NBC News - 2d

What to know about this year's post-holiday sales as retailers brace for returns

Millions of Americans are expected to do online shopping during their off time between Christmas and New Year's Day and in stores, several clearance products will be hitting shelves. Jordyn Holman, ...

CBS News - 2d

These space missions will take off in 2025

Space agencies worldwide are gearing up missions in 2025 to expand humanity's horizons, from the moon and Mars to asteroids and beyond.

CBS News - 2d

US retail’s multibillion-dollar returns problem

Processing the increasing mountain of unwanted, used or damaged goods is hitting profits

Financial Times - 2d

Boom in US retail real estate defies prediction of ecommerce apocalypse

Availability of outdoor shopping centre space is at its lowest in nearly two decades

Financial Times - 2d

Christmas? Hanukkah? This Year for Our Family, It’s Chrismukkah.

Like many members of interfaith families, I get to observe the two holidays on the same day this year.

The New York Times - 2d

In show of unity, 4 Texas pastors swap congregations

In Midland, Texas, four pastors from different denominations decided to exchange pulpits for one day in order to deliver a message about tolerance and acceptance to their congregations and the ...

CBS News - 2d

Royal family celebrates Christmas with no sign of Prince Andrew

King Charles III was joined at Christmas services by close members of the royal family, including Prince William and Kate — but Prince Andrew was notably absent.

CBS News - 3d

Looking for Private Equity (or a Merger) in 2025? Here’s What You Should Know

Trump’s deregulatory push, interest rate cuts, and the PE ‘bullwhip effect’ are expected to influence M&A in 2025.

Inc. - 3d

You Need to Create a Secret Password With Your Family

AI voice cloning and deepfakes are supercharging scams. One method to protect your loved ones and yourself is to create secret code words to verify someone’s identity in real time.

Wired - 3d

Private equity payouts fell 50% short in 2024

Value of investments cashed out lingers well below historic average for third consecutive year

Financial Times - 3d

Evening Report — Trump takes the reins while Biden takes a back seat

{beacon} Evening Report © AP Trump takes the reins while Biden takes a back seat With less than one month until President-elect Trump returns to the Oval Office, he's already calling the shots and ...

The Hill - 4d

How e-commerce is disrupting traditional seasonal work in retail

Online shopping sales reached a record $41.1 billion this holiday season. The shift to e-commerce has continued to transform the seasonal work landscape.

CNBC - 4d

Panel fails to reach consensus on national security risk of U.S. Steel sale

A government panel has failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel to purchase U.S. Steel.

CBS News - 4d

FirstFT: Private equity groups unable to sell or list China-based portfolio companies

Also in today’s newsletter, picks for France’s new cabinet, and Russian cargo ship sinks in the Mediterranean Sea

Financial Times - 4d

Private equity investors trapped in China as top firms fail to find exit deals

Sales and listings of Chinese companies by world’s biggest buyout groups have ground to a halt, data shows

Financial Times - 4d

MLB, umpires reach tentative deal for new CBA

Major League Baseball and the Major League Baseball Umpires Association came to a tentative agreement on a new five-year collective bargaining agreement Monday.

ESPN - 4d

In a Surprise, the SBA Grants 4 New SBLC Licenses

It’s the second year in a row that the agency has expanded its roster of small business lenders.

Inc. - 4d

4 highlights from the scathing Gaetz Ethics report

The scathing House Ethics Committee report released Monday caps off one of the most extensive investigations into former Rep. Matt Gaetz’s (R-Fla.) conduct, headlined by findings that Gaetz paid a ...

The Hill - 4d

Mega Millions jackpot nears $1 billion for Christmas Eve lottery drawing

A Mega Millions player may win a big jackpot on Christmas Eve. The lottery prize for the December drawing is at an estimated $970 million.

CBS News - 5d

Trump threatens to take the Panama Canal

President-elect Donald Trump made comments threatening to take back the Panama Canal based on what he said were high costs that ships are encountering. CBS News' Cristian Benavides reports.

CBS News - 5d

Whooping cough cases reach highest level in a decade

Whooping cough cases have reached the highest annual total in a decade and are more than six times higher than at the same time last year.

NBC News - 5d

Nordstrom to go private in $6.25 billion deal with Nordstrom family

Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal.

CBS News - 5d

On Chrismukkah, What’s an Interfaith Family to Do?

The two holidays will converge for the first time since 2005. For some, celebrating both means “the best blend of the two.”

The New York Times - 5d

Rescuers reach a stranded hiker in Slovenia but another is missing during a Balkans snowstorm

A snowstorm on Monday has brought traffic chaos across Croatia and Bosnia

ABC News - 5d

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

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 and Mexican department store El ...

NBC News - 5d

Billions in EU aid disbursed to Germany, others

Yahoo News - 5d

Prosus to Buy Latin American Online Travel Agency Despegar for $1.7 Billion

The investment group, which is Tencent’s largest shareholder, aims to serve 100 million customers across local e-commerce, travel and fintech sectors following the acquisition.

The Wall Street Journal - 5d

Nordstrom Family Reaches $4 Billion Deal to Take Retailer Private

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