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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…
Investing

Lego is reinventing its iconic brick sets and keeping the toy industry afloat

The toy industry is headed for its second consecutive annual sales decline, but it’s got one thing propping it up: colorful, interlocking…
Investing

Consumer protection board sues Walmart and fintech firm over gig-worker driver pay access

The Consumer Financial Protection Bureau is suing Walmart and a financial technology firm, alleging they illegally forced drivers into using costly deposit…
Investing

IRS plans to pay 1 million taxpayers up to $1,400. Here’s how to check if you’re eligible.

The IRS plans to issue automatic “special payments” of up to $1,400 to 1 million taxpayers starting later this month, the agency announced last…
Investing

Nissan could face cost-cutting ‘carnage’ in Honda merger, Carlos Ghosn says

Nissan will be the victim of cost-cutting “carnage” if it combines forces with Japanese peer Honda, former Nissan CEO Carlos Ghosn told CNBC on…
Latest News

Timeshare terror leaves retired couple $50K in the hole after being scammed

The FBI is issuing a stark warning to timeshare owners about a widespread telemarketing scam linked to a violent Mexican drug cartel….
Latest News

AI is reshaping business. This is how we stay ahead of China

We are in the midst of an artificial intelligence (AI)-driven industrial revolution. From self-driving cars to medical diagnostics to next-generation defense and…
Latest News

Top Biden ally ‘disappointed’ by president’s veto on bill to increase number of US judges

A top ally of President Biden is ‘disappointed’ after he vetoed a bill that would have increased the number of federal judges…
Latest News

How presidents have spent their Christmases in office: From Hawaii to Mar-a-Lago

Presidents have historically developed their own Christmas traditions as they make their unique marks on the White House during their terms. In…
Latest News

US citizen imprisoned in Russia given new 15-year sentence in wake of espionage conviction

A Russian-born U.S. citizen who was already behind bars in Russia on a bribery conviction has been handed a second sentence for…
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