In an effort to grow the company’s beauty retail portfolio, Macy’s announced on Feb. 4 that it will purchase beauty business Bluemercury for $210 million in cash, according to The Drum. The transaction is expected to be completed by the end of Macy’s first fiscal quarter...
After the Great Recession of 2008, various governments around the world hoped that strict rules regarding banking activity would prevent a future calamity of that magnitude from happening ever again. Reforms such as the Dodd-Frank Bill, the investigations into LIBOR rigging, and various Basel accords...
Facing pressure from online competitors in the office supply industry, Staples and Office Depot have agreed to merge pending SEC approval, according to a Feb. 4 public conference call. The acquisition had been in the works since last September, and was unanimously approved by both companies’ boards...
While largely seen as a major Android phone carrier, Samsung wants to be thought of more like Apple than like other phones, in that it wants to have its own built-in ecosystem that its consumers can come to use in their everyday lives. One way...
First Tech Federal Credit Union announced yesterday that it has entered a new agreement with MasterCard as its payment solution provider, according to a company release. MasterCard will offer “convenience, control and security” for First Tech’s more than 380,000 members, enabling the credit union to...
A group of franchised Marriott hotels appears to have been hit by a payment card breach for the second time in less than a year, Krebs on Security reported — and they did it just months before the hotels will install tokenization on the affected...
Alibaba is testing product deliveries by drone this week — but not in a format that would be practical as a regular delivery service, according to Bloomberg News. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
MasterCard has opened its largest Tech Hub outside of the U.S. in Pune, India, and plans to roll out its mobile payments system in April, the card brand said on Wednesday (Feb. 4). Get the Full Story Complete the form to unlock this article and...
A subprime credit card issuer will refund $2.7 million to customers and pay a $250,000 fine for charging customers illegal fees, the Consumer Financial Protection Bureau announced on Wednesday (Feb. 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
