Richard Baker has made a fortune where others have stumbled—buying and selling department stores.
Category: Business
Dollar General to Pay $12 Million to Settle Alleged U.S. Store Safety Violations
The agreement also includes a requirement for Dollar General to implement changes that would make the safety of its employees a priority.
StubHub Delays IPO Launch Due to Choppy Market Conditions
The ticketing marketplace had been eyeing a valuation of about $16.5 billion for its offering.
Lufthansa Cuts Guidance as Flagship Airline Struggles to Break Even
Deutsche Lufthansa cut its guidance for the year, warning it will be increasingly challenging for its flagship airline to break even as it contends with […]
AT&T Says Hacker Stole Cell, Text Data on Nearly All Its Wireless Customers
The company said in a securities filing that the data, mostly from 2022, was downloaded in April but it hasn’t found evidence that it was […]
PepsiCo, After Years of Price Hikes, Sounds an Alarm on Consumer Spending
Sales volume for PepsiCo’s Frito-Lay North America business dropped 4% in the latest quarter.
Bain Capital to Buy Envestnet in $4.5 Billion Deal
Envestnet has agreed to be acquired by private-equity firm Bain Capital in a deal that values the wealth technology platform at $4.5 billion.
Amazon Faces Potential U.K. Probe Over Treatment of Grocery Suppliers
The U.K.’s Groceries Code Adjudicator said that fewer than half of Amazon’s suppliers felt the e-commerce giant complied with the agency’s code of practice, according […]
Delta’s Sagging Profit Signals Trouble for Airlines This Summer
Airports are attracting record traffic, but higher costs and discounted fares are expected to weigh on carriers.
BHP to Suspend Australian Nickel Operations Amid Glut of EV Metal
BHP Group will shutter its Australian nickel operations later this year due to a global glut of the metal, a key ingredient in batteries for […]