Entrepreneur

Department stores are on the decline, but the acquisition could restore some control.

Amazon Just Invested in the $2.65 Billion Merger of 2 Luxury Retail Giants — But There's a Huge Potential Challenge Ahead

Macy’s Inc. (New York) said its board has terminated talks with Arkhouse Management Co. LP and Brigade Capital Management LP over the latter firms’ takeover offer. The board said those negotiations, which included a beefed-up offer last month that brought the total offer to about $6.9 billion, “have failed to lead to an actionable proposal with certainty of financing at a compelling value.”

Macy’s Ends Takeover Talks

Macy’s Inc. will promote Keith Credendino to chief information officer, effective Aug. 4. He will replace Laura Miller, who is retiring the day before. He is currently SVP of technology product development, customer experience. In his new role, he will report to COO and CFO Adrian Mitchell. Credendino will remain based at Macy’s tech hub in the Atlanta area.

Macy’s hires new CIO from within

New York – After months of discussions and rounds of due diligence, Macy’s Inc. is terminating interactions with Arkhouse Management Co. and Brigade Captial Management – which have been pressing since December 2023 to take the company private. The retailer will now redouble its efforts on the...

Macy’s Inc. slams the door on proposed acquisition deal

Fox Business

Retail giant Macy’s revealed on Monday it will stop engaging in talks with Arkhouse Management and Brigade Capital Management about a potential acquisition.

Macy's shares slide as retailer ends buyout talks with Arkhouse, Brigade

Blanco, TX

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Brigid Pfeifer

There were a number of celebrities who passed away within the past week, including two notable actresses: Shelley Duvall and Shannen Doherty. Shelley Duvall passed away on Thursday July 11th at her home in Blanco, Texas. The cause of death was complications from diabetes and news of her death was confirmed by her partner Dan Gilroy.

Two Beloved Hollywood Actresses Have Passed Away This Week

Malibu, CA

JAY-Z and Beyoncé’s California real estate record has been broken by Oakley founder James Jannard after he sold his Malibu home for $210 million. It’s the most expensive sale in state history, surpassing the $200 million Jay and Bey spent on a Malibu estate last year. Jannard...

JAY-Z & Beyoncé's $200M Real Estate Record Destroyed By Oakley Founder

Fortune

Good morning, Broadsheet readers! Internal politics get heated at Angel City FC, Tubi CEO Anjali Sud on her rapid rise to the C-suite, and the woman who leads the Secret Service is now in the hot seat. Have a thoughtful Monday. – At your service. Before this weekend, did you...

The woman who runs the Secret Service is a former PepsiCo exec who now must answer for the Trump assassination attempt

New York City, NY

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Samantha Murphy Kelly, a senior tech writer at CNN, was among the layoffs at the news organization on Wednesday. She has been with CNN since 2016. She previously was the deputy tech editor at Mashable. Kelly covered lifestyle tech and entertainment at Mashable, which she joined in 2011. Before joining...

CNN senior tech writer Kelly among the layoffs

NBC News

Before a would-be assassin took aim at Donald Trump during a campaign rally in Pennsylvania on Saturday, local police officers notified the former president’s Secret Service detail that they were looking for a suspicious person in the area, a U.S. official told NBC News. The suspicious person, later identified...

Police warned Secret Service of a suspicious person at Trump rally before gunman opened fire, source says

Business Insider

The failed EV manufacturer Fisker wants to sell its inventory to a company that leases vehicles to NYC ride-hailing drivers.

Bankrupt EV start-up Fisker wants to sell its 3,300 unsold electric vehicles at an 80% discount to a company that rents cars to NYC Uber and Lyft drivers

New Jersey State

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Morristown Minute

NEW JERSEY - Attorney General Matthew J. Platkin and the Division of Consumer Affairs announced today that Walmart has agreed to pay $1.64 million to settle allegations of unlawful unit pricing practices across its 64 New Jersey retail stores. The settlement, which includes a $1.61 million civil penalty, marks the largest ever obtained by the Division’s Office of Weights and Measures (OWM).

Walmart Pays $1.64M Settlement for Unlawful Pricing in NJ

California State

The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

MarketRealist

The employees who relocated for the Lake Nona Project claim the Disney's action caused them distress

Disney employees who relocated for work asked to return after project cancellation, now they're suing

The final trades of the day with the Fast Money traders.

Final Trades: Walmart, Burberry, Google and Macy's

While it wasn’t last week’s golden boom, radio had some very positive takeaways coming off a big Independence Day week for advertising and heading into 2024’s third quarter, according to the latest report from Media Monitors for the week of July 8-14. Of the top national radio...

Radio Ad Business As Usual Is Good News Following The 4th

NewsByJoshua

So, Ford's CEO Jim Farley dropped some pretty big news recently, and it might just shake up how we think about electric vehicles (EVs). Speaking at the Aspen Ideas Festival, Farley laid out what he sees as a necessary shift in the automotive industry—especially for those of us accustomed to big, powerful vehicles.

Ford CEO Jim Farley Warns of ‘Radical Change’ and Says EV Batteries Will ‘Never Be Affordable’

CBS News

A former CNBC analyst who ended up on the FBI's Most Wanted list for white-collar crimes was arrested over the weekend after being charged with defrauding investors, federal prosecutors announced Monday.   James Arthur McDonald, 52, of California, was a frequent guest on CNBC and the CEO and chief investment officer of the companies Hercules Investments LLC and Index Strategy Advisors Inc. According to an indictment from a federal grand jury, McDonald allegedly lost tens of millions of dollars of Hercules client money after adopting a risky short position that "effectively bet against the health of the United States economy in the...

Former CNBC analyst arrested by FBI after over 2 years on the run

James B. Sikking, known for his roles as Lt. Howard Hunter on “Hill Street Blues” and the titular character’s father on “Doogie Howser, M.D.,” has died. He was 90. Sikking died Saturday of complications from dementia, his publicist Cynthia Synder said in a statement Sunday evening.

James Sikking, ‘Hill Street Blues’ and ‘Doogie Howser, M.D.’ star, dies at 90

NewsBreak

Macy's ends buyout talks with Arkhouse and Brigade after months of negotiations

Department store Macy’s said Monday its board has unanimously decided to end negotiations with the activist group that had been looking to take the retailer private...

Macy's ends buyout talks with Arkhouse and Brigade after months of negotiations

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