×

Business

Parent company of Saks Fifth Avenue to buy Neiman Marcus for $2.65 billion

NEW YORK (AP) — The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth Amazon holding a minority stake. The new entity will be called Saks Global, ...

Biden administration provides $504M to support 12 technology hubs nationwide

WASHINGTON (AP) — The Biden administration said Tuesday that it was providing $504 million in implementation grants for a dozen technology hubs in Ohio, Montana, Nevada and Florida, among other locations. The money would support the development of quantum computing, biomanufacturing, ...