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Saks files for bankruptcy as luxury market struggles

The company that owns the iconic luxury retailer Saks Fifth Avenue filed for bankruptcy late Tuesday. The move comes after Saks Global…
Investing

Warner Bros. Discovery rejects Paramount’s amended takeover offer

Warner Bros. Discovery on Wednesday rejected Paramount Skydance’s amended takeover offer, the latest in a series of rejections in David Ellison’s pursuit…
Investing

Trump Media to merge with nuclear fusion company

Trump Media & Technology will merge with a fusion power company in an all-stock deal that the companies said Thursday is valued…
Investing

Starbucks to pay about $35M to NYC workers to settle claims it violated labor law

Starbucks will pay about $35 million to more than 15,000 New York City workers to settle claims it denied them stable schedules…
Investing

Apple’s AI chief abruptly steps down

Apple’s top artificial intelligence executive is stepping down and will retire in 2026, the company announced Monday. John Giannandrea had been at…
Investing

Dell family donation to offer 25 million kids $250 to open ‘Trump accounts’

Tech billionaires Michael and Susan Dell announced Tuesday that they are pledging $6.25 billion to create some 25 million additional ‘Trump Accounts’…
Investing

Prada Group says it has purchased fashion rival Versace in a deal worth nearly $1.4 billion

MILAN — The Prada Group announced Tuesday that it has officially purchased Milan fashion rival Versace in a 1.25 billion euro (nearly…
Investing

Shopify says a daylong Cyber Monday outage has been resolved

Outages on Shopify’s e-commerce platform have been resolved, the company said late Monday, bringing to an end a daylong glitch on the…
Investing

Airbus says most of its recalled 6,000 A320 jets are now modified

PARIS — Airbus fleets were returning toward normal operations on Monday after the European plane maker pushed through abrupt software changes faster…
Investing

Campbell’s fires executive accused of racist remarks and labeling food for ‘poor people’

Campbell’s has fired an executive accused of making racist comments and mocking its products and customers, the company announced on Wednesday. The…
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