Nokia to Buy Infinera for $2.3 Billion to Boost Optical Networks Arm
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CBS News - Top stories
Saks Fifth Avenue owner buying Neiman Marcus for $2.65 billion
Canada's Hudson's Bay Company, which owns Saks Fifth Avenue and other retailers, is buying 117-year-old Neiman Marcus. -
The Hill - Politics
Saks Fifth Avenue parent to buy Neiman Marcus Group for $2.65 billion
Saks Fifth Avenue parent company HBC announced Thursday a $2.65 billion deal to acquire Neiman Marcus Group, the parent company of Neiman Marcus and Bergdorf Goodman. HBC said that after the deal goes through it will launch Saks Global, which will ... -
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MarketWatch - Business
Saks Fifth Avenue buying Neiman Marcus in $2.65 billion deal, with backing by Amazon
High-end retail chains Saks Fifth Avenue will buy rival Neiman Marcus in a deal that will see Amazon.com and Salesforce also take stakes, the companies said in a statement on Thursday. -
The Wall Street Journal - World
Saks Fifth Avenue's parent company sealed a $2.65 billion deal to buy rival Neiman Marcus, creating a powerhouse in luxury retailing that seeks to hang on to wealthy shoppers.
Saks Fifth Avenue’s parent company sealed a $2.65 billion deal to buy rival Neiman Marcus, creating a powerhouse in luxury retailing that seeks to hang on to wealthy shoppers. -
The Wall Street Journal - Business
The Underground Network Sneaking Nvidia Chips Into China
A barely concealed network of buyers, sellers and couriers is bypassing the Biden administration’s restrictions aimed at denying China access to the highly coveted products, The Wall Street Journal has found.China -
The Hill - Politics
Nuclear arms race intensified during Trump’s presidency
Donald Trump's presidency saw the destruction of key nuclear arms control agreements, the beginning of a new nuclear arms race, and a threat of nuclear war against North Korea, all of which have contributed to the increasing likelihood of nuclear ...Donald Trump -
CBS News - Top stories
Biden to try to assure supporters in network TV interview, battleground state rally
President Biden faces a series of crucial tests today as he fends off growing calls to drop out of the presidential race. Biden, who says he's staying in the race, will do a network TV interview and rally supporters in Wisconsin, a battleground ...Joe Biden -
The Guardian - World
Can the climate survive the insatiable energy demands of the AI arms race?
New computing infrastructure means big tech is likely to miss emissions targets but they can’t afford to get left behind in a winner takes all market. The artificial intelligence boom has driven big tech share prices to fresh highs, but at the ...Climate -
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Financial Times - World
US intervened in Congo mine sale to Chinese arms group
US officials encouraged state miner Gécamines to review sale to a subsidiary of Chinese defence company Norinco -
The Wall Street Journal - World
Your Old Clothes Are Worth Billions
Secondhand apparel retail is a booming business, but turning a profit is harder than it sounds. -
CNBC - Business
SoftBank stock hits its first record high in 24 years — Arm and AI helped it get there
SoftBank shares have been boosted by the improved financial performance in the Vision Fund and by a rally in the stock of chip designer Arm. -
ABC News - Sports
Pittsburgh Pirates left-hander Bailey Falter leaves start against Mets in the 3rd with sore arm
Pittsburgh Pirates left-hander Bailey Falter was removed from his start in the third inning Saturday against the New York MetsMLB -
Financial Times - Business
Potent overdose treatment boosts hopes of combating opioid crisis
New compound increases strength of antidote for fentanyl and other lethal drugs -
ABC News - Sports
Young British players boost local hopes at Wimbledon for another homegrown champion
British players not named Andy Murray have struggled to make a lasting impact at Wimbledon in recent years, but there are flickers of hope -
NBC News - Top stories
Federal agency plans to cull 450,000 barred owls to boost another species
The U.S. Fish and Wildlife Service is keeping its aim trained on the barred owl, hoping an effort to cull the species could save its close genetic relative. -
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Financial Times - World
Abandon caution, embrace risk: a growth recipe for Labour
Regulatory rulebooks should hit the shredder as the new government leans into reform -
The Guardian - World
Chelsea Women boost forward line with Sandy Baltimore from PSG
‘It feels incredible. I always wanted to play for Chelsea’Alisha Lehmann joins Juventus from Aston VillaChelsea have signed the Paris St-Germain forward Sandy Baltimore on a four-year contract as the new head coach, Sonia Bompastor, continues her ... -
Inc. - Business
Boost Your Work Confidence With a Simple Tool You Already Own
This simple approach increases your influence and impact fast. -
The Wall Street Journal - World
Ericsson Intends to Book $1.1 Billion Charge for Latest Quarter
The Swedish telecom-equipment company said lower-than-expected growth at its Vonage cloud subsidiary prompted the impairment charge. -
The Wall Street Journal - World
Shell to Take Impairment Hit of Up to $2 Billion
Shell expects to book up to $2 billion in post-tax impairments after delaying construction of a major biofuels plant as European energy majors grapple with weak market conditions, while trading in its core gas division is set to fall on quarter. -
MarketWatch - Business
Buy this retailer’s stock as an AI play, analyst says
D.A. Davidson’s Michael Baker points to one retailer that stands to get a big AI boost in the coming months. -
The New York Times - Business
Things to Bring to College That You Can’t Buy at Target
They won’t add bulk to the car or much cost to the bill, but they’ll help keep your college student safer. Pepperoni is also involved. -
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The Wall Street Journal - Business
Ericsson Intends to Book $1.1 Billion Charge for Latest Quarter
The Swedish telecom-equipment company said lower-than-expected growth at its Vonage cloud subsidiary prompted the impairment charge. -
The Wall Street Journal - World
China's Central Bank Borrows 'Hundreds of Billions' of Yuan in Government Bonds
China’s central bank has signed agreements with major brokers to borrow “hundreds of billions” of yuan worth of government bonds, a move analysts say is likely aimed at stabilizing plummeting long-term bond yields.China -
CNBC - Business
We're taking profits in this beer maker and buying more of our newest stock
We will realize a double-digit gain on the sale and pour half of it into our latest addition to the portfolio. -
GameSpot - Tech
Best Buy's July 4th Sale Is Stacked With Awesome Tech And Gaming Deals
Best Buy's big 4th of July Sale runs through Sunday, July 7. The event drops the prices on tons of items available online and in stores, including 4K TVs, pre-built PCs, gaming accessories, and more. There are even discounts on collectible figures ... -
The Wall Street Journal - World
Saks Owner to Buy Neiman Marcus, With Help From Amazon
Retail rivals strike a $2.65 billion merger as they seek to gain scale against luxury brands. -
MarketWatch - Business
Trump Media to buy assets of WorldConnect Technologies in all-stock deal
Trump Media & Technology Group on Wednesday said it will acquire substantially all of the assets of WorldConnect Technologies.Donald Trump -
MarketWatch - Business
Macy’s stock rallies as Arkhouse, Brigade reportedly sweeten their buyout offer
After earlier unsuccessful buyout bids for Macy’s Inc., investment firms Arkhouse Management and Brigade Capital Management are trying again, raising their offer for the retailer by around $300 million, the Wall Street Journal reported on Wednesday. -
ABC News - Top stories
Parent company of Saks Fifth Avenue to buy rival Neiman Marcus
The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth Amazon holding a minority stake -
The Wall Street Journal - World
Gen Z Discovers Costco, Sam's Club and the Joy of Buying Groceries in Bulk
With food prices still high, shoppers look for ways to team up with roommates, neighbors and family. -
NBC News - Top stories
Democratic donors divided on what comes next, buying Biden more time
President Joe Biden has benefited from frustrated Democratic donors and elected officials failing to rally behind a single plan for replacing him, but that may be changing.Joe Biden