Macy's Ditches $5.8 Billion Takeover Bid After Investor Arkhouse Threatens to Take Offer Directly to Shareholders

Macy's Ditches $5.8 Billion Takeover Bid After Investor Arkhouse Threatens to Take Offer Directly to Shareholders

Macy's has rejected a $5.8 billion offer from Arkhouse Management and partner Brigade Capital Management to take over the retailer.


West in Danger of Losing $288 Billion if It Confiscates Frozen Russian Assets to Help Rebuild Ukraine: Report

Russia's state-owned news agency RIA said the West could lose $288 billion if they decide to confiscate frozen Russian assets to help rebuild Ukraine.

Culture Catalyst: David Baxter's Transformative Approach to Corporate Success

Despite its pivotal role, a positive workplace culture is frequently overlooked due to the relentless pursuit of profits. Seeking to address this oversight, David Baxter, the CEO and Founder of Motivational Dreamers and national speaker, shares valuable insights in his seminars.

Russia's Vladimir Putin on Hunt for Property of Russian Empire, Soviet Union — Here’s Why

Russia's President Vladimir Putin has initiated a search for properties that once belonged to its former empire or were previously owned by the Soviet Union.


Latest News

Microsoft Executive Emails Hacked by Elite Russian Hacking Group
In a regulatory filing, Microsoft disclosed that a Russian intelligence group accessed the email accounts of some of the software maker's top executives.
China’s Yuan Beats US Dollar as the Top Currency Traded in Russia
China's yuan has ousted the US dollar as the most traded currency in Russia in 2023. China's yuan has ousted the US dollar as the most traded currency in Russia in 2023.
Stopgap Spending Bill to Avert Government Shutdown Passes Congress, Waits for Joe Biden's Signature
To avert a looming partial government shutdown, Congress passed a short-term spending bill on Thursday.
Wendy’s Taps PepsiCo Veteran of 32 Years Kirk Tanner to be Burger Chain’s New CEO
Wendy's has chosen Kirk Tanner, a PepsiCo executive of 32 years, as its new CEO. Wendy's has chosen Kirk Tanner, a PepsiCo executive of 32 years, as its new Chief Executive Officer (CEO), effective February 5.
Reddit Aims to Launch IPO in March With $10 Billion Valuation: Report
Popular social media platform Reddit is reportedly gearing up for its long-awaited initial public offering (IPO) in March.
JPMorgan Chase CEO Jamie Dimon Says He's Done Talking About Bitcoin After Trashing It One Last Time
JPMorgan Chase CEO Jamie Dimon said Wednesday on the sidelines of the annual World Economic Forum in Davos, Switzerland, that he's done talking about bitcoin.
China Snubs Ukraine's Volodymyr Zelenskyy in Davos as It Continues to Side With Russia's Vladimir Putin
Ukraine's President Volodymyr Zelenskyy faced disappointment as his attempts to secure a meeting with Chinese officials during the annual World Economic Forum in Davos, Switzerland, were unsuccessful.
China Told to Stop Tests on New Mutant COVID-19 Strain With '100% Fatality Rate' in Mice as It Could 'Spillover' to Humans
Chinese scientists studying a new mutated strain of COVID-19 with a 100% fatality rate in "humanized mice" are being warned against further research due to "spillover risk" to humans.
US Designates Houthis as Terrorists, Launches Fresh Strikes in Yemen After Rebels Hit Another US-Operated Ship
The US has put Houthi rebels back on a list of terrorist organizations following the Yemen-based group's attack on another US-operated vessel in the Red Sea region.
Shein Faces Scrutiny From China's Internet Regulator Ahead of US IPO
China's internet regulator is conducting a security review of Shein. China's internet regulator is conducting a security review of Shein as the fast-fashion giant prepares for its initial public offering in the United States.