Business
Macy's is shutting its Westside Pavilion store and others in California
The retailer recorded a drop of 0.9 percent, compared to the decline of 0.2 percent expected by Thomson Reuters. In a Nutshell: Net income more than doubled, while sales fell slightly, mostly due to store closures, in the third quarter, at Macy's Inc.
Business
Justice Department Wants AT&T to Sell CNN, Turner or DirecTV
Some executives at the companies are viewing the stipulation as a political barb aimed directly at CNN, which President Donald Trump has frequently demonized as " fake news ". If Time Warner decides to pull out of the AT&T deal and gets a better offer, it has to pay AT&T $1.73 billion. "I can now say that the timing of the closing of the deal is now uncertain ", he told an investor conference.
Business
Uber to work with NASA on flying taxi management systems
By 2023, Uber believes a paid, intra-city flying taxi could be up and running. UberAir differs from UberChopper, a helicopter service the company has in the past offered during events such as the Coachella music festival, or during summertime for trips between New York City and the Hamptons.
Business
Marissa Mayer grilled by Congress over massive Yahoo security breach
Yahoo revealed it suffered the largest hack in history, with hitting 3 billion accounts on the website . Yahoo had bumped its estimate of affected accounts from a previous 1B to all of them (3B in total). At the data breach hearing, which also featured the current and former CEOs of Equifax, Mayer was pressed on why it took so long to disclose the breach and how it could have underestimated the impact by billions of accounts.
Business
White Supremacists Embrace Papa John's as its 'Official' Pizza
He added that the company doesn't want "these individuals or groups to buy our pizza". I'm not just saying this to fall on the right side of history, as I have yet to meet a single person who has said , "Yes". The Daily Stormer , the site that couldn't find a domain host after celebrating the Charlottesville killing, celebrated CEO John Schnatter's seemingly racist finger-pointing in a story last Thursday that features a pie with a pepperoni swastika.
Business
Sprint, Altice Ink MVNO Agreement
Financial terms were not disclosed. The merger would have resulted in a telecom with more than 130 million U.S. subscribers; for context, AT&T has 137 million subscribers and Verizon has 147 million. Altice was previously known as Cablevision. Cable operators may see bundling mobile service with cable and internet offerings as a way to reduce customer churn as they continue to lose pay-TV subscribers to cheaper alternatives such as over-the-top services.