Money

By Jordan Valinsky, CNN New York (CNN) — Macy’s has rejected a $5.8 billion offer to take the 165-year-old retailer private, announcing late Sunday that the “unsolicited proposal lacks compelling value.” Last month, Arkhouse Management, a real estate-focused investing firm, and Brigade Capital Management, a global asset manager, offered to buy the remaining Macy’s shares

By Michelle Toh, CNN Hong Kong (CNN) — French gambling giant La Française des Jeux (FDJ) has offered to acquire online betting firm Kindred for 27.95 billion Swedish kronor (about $2.67 billion). Both parties confirmed the widely anticipated news on Monday, with FDJ saying it hoped to “create a European gaming champion” and become the

By Diksha Madhok, CNN New Delhi (CNN) — A dramatic acquisition saga in one of the world’s fastest growing media industries is headed for a bitter ending. Sony Group (SONY) has called off the merger between its India unit and Mumbai-based Zee Entertainment, the Japanese company said on Monday. The deal was announced two years

By Gregory Wallace and Hanna Ziady, CNN (CNN) — The US Federal Aviation Administration has urged airlines to inspect so-called door plugs on an earlier version of Boeing 737 airplanes, after one blew out of the side of the newer Max model during an Alaska Airlines flight earlier this month. The FAA on Sunday said

By Laura He, CNN Hong Kong (CNN) — Russia surpassed Saudi Arabia to become China’s largest oil supplier in 2023, according to the latest Chinese customs data. The world’s largest crude buyer imported a record amount of bargain-priced Russian oil last year, taking advantage of Moscow’s desperate search for new buyers amid Western sanctions following

By Eva Rothenberg, CNN New York (CNN) — The CEO of Texas-based baby clothing company Kyte Baby has issued two apologies after denying a remote work request by an employee whose baby was admitted into a neonatal intensive care unit. In late December, Kyte Baby worker Marissa Hughes and her partner adopted a baby boy

By Jeanne Sahadi, CNN New York (CNN) — Former US Vice President Al Gore, 75, is stepping down from Apple’s board because of the company’s age-based restrictions for its directors, and it raises the question of ageism in Corporate America. By no means is age 75 — or any age over 65 — an automatic

Elizabeth Wagmeister Los Angeles (CNN) — After a year in which both actors and writers hit the picket lines, another Hollywood strike may be on the horizon. The American Federation of Musicians (AFM), a union representing musicians across the entertainment industry, will begin negotiations Monday on a new contract with the Alliance of Motion Picture

By Samantha Delouya, CNN Los Angeles (CNN) — The US economic picture of the last few years has been defined by an ultra-strong labor market. But new online job posting data suggests a possible slowdown: Total job postings on online job site Indeed have fallen more than 15% compared to the start of 2023, according

By Nathaniel Meyersohn, CNN New York (CNN) — In America, traveling through red lights on right turns has become a rule of the road. Frequently, you get honked at if you don’t speed through fast enough. But the widespread driving practice is now coming under scrutiny, and facing government curbs, for being too dangerous. Years

By Matt Egan, CNN New York (CNN) — Harvard University submitted a trove of documents on Friday to House lawmakers investigating the plagiarism scandal surrounding former President Claudine Gay. The documents represent the most detailed glimpse yet into Harvard’s review of the plagiarism allegations surrounding Gay, who stepped down earlier this month amid a firestorm

By Ramishah Maruf, CNN New York (CNN) — Applebee’s will offer a subscription date night pass for $200, beginning on Monday. The pass will cover roughly a year of weekly date nights, according to the company. Starting February 1 — about two weeks before Valentine’s Day — and ending on January 31, 2025, the pass

By Catherine Thorbecke, CNN (CNN) — A Russian hacking group gained access to some email accounts of Microsoft senior leaders, the software giant disclosed in a regulatory filing Friday afternoon. “The Microsoft security team detected a nation-state attack on our corporate systems on January 12, 2024, and immediately activated our response process to investigate, disrupt

By Nicole Goodkind and Krystal Hur, CNN New York (CNN) — The S&P 500 index closed Friday at a record high, fueled by surging tech stocks and bets that the Federal Reserve will cut interest rates this year. The benchmark index closed at 4,839.81, besting its previous high of 4,796.56, reached on January 3, 2022. Earlier in the trading

By Chris Isidore, CNN New York (CNN) — JetBlue Airways and Spirit Airlines filed an appeal late Friday of the federal court ruling from earlier this week that had blocked their proposed merger on antitrust grounds. The two-page appeal filed after the market close on Friday did not lay out any legal argument for the

By Ramishah Maruf, CNN New York (CNN) — The future of Sports Illustrated was uncertain Friday after the publisher of the iconic magazine and website laid off most or “probably all” of its guild-represented staff, its union said. In a memo sent to staff viewed by CNN, the magazine’s publisher said it is “laying off

By Peter Valdes-Dapena and Chris Isidore, CNN (CNN) — Ford will shut down one of two production shifts in April at the Dearborn, Michigan, factory that builds the F-150 Lightning electric pickup. The move is part of “matching F-150 Lightning production to customer demand,” the company said Friday. General Motors recently made a similar announcement

By Brian Fung, CNN (CNN) — The US government is coming down hard on a data broker accused of selling consumers’ detailed location histories without their consent, highlighting privacy regulators’ growing focus on a sensitive and revealing form of personal information. For the first time ever, the Federal Trade Commission said Thursday it was banning