Bloomberg L.P. Shows Interest in BusinessWeek
Bloomberg L.P., the financial news provider, may become the latest potential bidder for the struggling business magazine, a person briefed on the plan told DealBook on Thursday.
View ArticleBloomberg Is Buying BusinessWeek
From Media Decoder: Bloomberg L.P. said Tuesday that it was the winning bidder for BusinessWeek, the troubled 80-year-old title that McGraw-Hill had put on sale this summer.
View ArticleNordstrom to Acquire Online Retailer for $180 Million
The department store chain is taking over HauteLook, which offers "flash" discount sales on designer goods, in an all-stock transaction.
View ArticleJ.C. Penney to Buy Stake in Martha Stewart Living
The department store chain plans to announce on Wednesday that it will pay about $38.5 million for a 16.6 percent stake in Martha Stewart's company, according to people briefed on the matter.
View ArticleMacy's to Review Martha Stewart Relationship
Macy's said Wednesday its partnership with Ms. Stewart was under review, after news that a rival, J.C. Penney, is buying a 16.6 percent stake in Martha Stewart Living Omnimedia.
View ArticleMichaels Stores C.E.O. Connected to Wal-Mart Bribery Case
As Michaels Stores prepares to go public, the company's chief executive, John B. Menzer, has been connected to the Mexican bribery inquiry facing Wal-Mart Stores.
View ArticleTwo Financiers Take Control of Barneys, Ending Its Debt Struggles
Perry Capital, which is Barneys' biggest bondholder, announced on Monday that it had taken control of the retailer, concluding a long-running effort to reorganize its finances after laboring under...
View ArticleBest Buy Founder Is Said to Consider a Takeover Bid
Richard Schulze has begun working with bankers, but he may instead sell his stake in the company, people briefed on the matter said.
View ArticleBest Buy Founder Makes Bid for a Takeover
Richard M. Schulze, who founded the company with a single audio equipment store in 1966, announced on Monday a proposal that would give the company a market value of $8.8 billion.
View ArticleChairman of Sears to Take On Chief's Role
When Edward S. Lampert brought Sears and Kmart under one roof in 2005, he vowed to shake up the retail world, but the company's financial performance has been weak.
View ArticleKroger Buys Rival Grocer Harris Teeter, Citing Potential for Growth
The Kroger Company has agreed to acquire Harris Teeter Supermarkets for $2.4 billion as it seeks to expand in the Southeast and mid-Atlantic regions.
View ArticleHunting for Luxury, Retail Giant Buys Saks
Saks Inc. has agreed to sell itself to the Hudson's Bay Company for about $2.4 billion in cash, uniting the storied luxury retailer with Lord & Taylor and the Canadian chain Hudson's Bay.
View ArticleCharges Fly in Feud Over Strategy at Penney
The hedge fund manager William A. Ackman stepped up his fight against fellow directors of J.C. Penney on Friday, publicly calling for the replacement of the chairman and reiterating a demand for a new...
View ArticleA Wall St. Brawler’s Winning Qualities Also Play Out in Defeat
William A. Ackman's defeat at J.C. Penny may highlight not only the flaws of his approach but also the limits of what shareholder activists can achieve.
View ArticlePlatinum Card and Text Alert, via Pawnshop
As banks zero in on more affluent customers and close branches in poor areas, pawnshops are stepping into the void to offer an array of services.
View Article7 Indicted in $50 Million Pump-and-Dump Scheme
The former husband of “The Sopranos” actress Jamie-Lynn Sigler was indicted on Thursday along with six other defendants in a pump-and-dump stock scheme.
View ArticleBanks Watching Terrorism Trial in Brooklyn
Arab Bank warns of a troubling precedent if following standard compliance procedures means a bank can still be held liable if transactions get through in error.
View ArticleSuit Accuses Banks of Role in Financing Terror Attacks
More than 200 people filed the lawsuit in federal court, accusing the banks of helping to finance the violent activities through their ties to Iran, painting Wall Street as a sort of middleman of terror.
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