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☆ A death row inmate wrestled with guilt and addiction before his execution
▼ + stars: | 2024-10-18 | by ( Abigail Brooks | Abigail Brooks Is A Producer For Nbc News. | ) www.nbcnews.com time to read: +8 min

ATMORE, Ala. — When Derrick Dearman entered Alabama’s execution chamber Thursday evening, he was the fifth man the state put to death this year. The difference between Dearman and the men who came before him is that he went to his death willingly. “I believe in the death penalty, but it might be more justice for him to spend the rest of his life in prison. Dearman went to the home and was told he could not stay the night. Dearman wrestled a pistol away from Justin Reed as Reed tried to defend himself and Chelsea Reed.

Persons: Derrick Dearman, Kay Ivey, Steve Marshall, Dearman, Shannon Melissa Randall, Robert Lee Brown, Justin Kaleb Reed, Joseph Adam Turner, Chelsea Marie Reed, Bryant Randall, Chelsea’s, Shannon, Robert, ” Randall, “, ”, Jeff Hood, Hood, William C, Holman, Laneta Lester, Lester, Joseph Turner, Shannon Randall, ” Dearman, I’m, Laneta, Robert Brown, Justin Reed, Reed, Chelsea Reed, Derek, Abagail, Dearman's, I’ve, y’all, “ Derrick Dearman, Carey Dale Grayson Organizations: NBC News, Holman Correctional Facility, U.S . Justice Department, Turner, Justice Initiative Locations: Ala, Dearman, Alabama, Citronelle , Alabama, Laneta, Leakesville , Mississippi, “

☆ Want to Understand America? Watch ‘Shark Tank.’
▼ + stars: | 2024-10-17 | by ( Jordyn Holman | ) www.nytimes.com time to read: +19 min

“Shark Tank” Over the Years Season 1 (2009-10) The show premiered against the backdrop of the Great Recession. “‘Shark Tank’ is not a game show,” said Kevin O’Leary, a cutthroat investor known sarcastically in the tank as Mr. “Shark Tank” debuted less than a year after the subprime mortgage crisis devastated the global economy. But those kinds of companies are rarely reflected on “Shark Tank” for one simple reason: They don’t make for good TV. “The buyer gave us a shot at Target because of the ‘Shark Tank’ appearance.”“We turn you into a rock star and you become part of the ‘Shark Tank’ culture and the lore of ‘Shark Tank’,” said Mr. O’Leary.

Persons: Tod Wilson, Mark Cuban, Shark Lori Greiner, ”, Kevin O’Leary, Barbara Corcoran, Corcoran, Mark Burnett, Lehman Brothers, “, Daymond John, John, ” Mr, Wilson, Ms, Angela Lee, Halle Tecco, Jamie Siminoff, Siminoff, O’Leary, Siminoff “, Mr, Robert Herjavec, Burnett, Herjavec, TJ Maxx, Lori Greiner, Greiner, Michael Jones, Taryn Jones Laeben, ” Tod Wilson, Lee, Sarah Paiji Yoo, Dave Heath, Ann Crady Weiss, Hatch, Weiss Organizations: ABC, Sharks, QVC, Amazon, Bombas, Corcoran Group, “ Tigers, “, Twitter, Marketplace, Valley . Producers, Las, Columbia Business School, Halle, Four, Smart Tire Company, TJ, Tank, Tank Venture, Science Inc, Forbes, IRL Ventures, Educators, Blueland Locations: Angeles, Valley, Manhattan, America, Britain, Canada, United States, Houston, Somerset, N.J, Las Vegas, cybersecurity, Target, U.S, Los Angeles, Wegman’s, Minneapolis, Queens

☆ What Google's decision to keep cookies means for the internet
▼ + stars: | 2024-07-23 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

In this article GOOGL Follow your favorite stocks CREATE FREE ACCOUNTGoogle announced in a surprise move that it would reverse its years-long plan to phase out third-party cookies. The U.S. internet giant said late Monday it is reversing a long-planned move to ditch third-party cookies — the critical text files that track users' web activity for advertisers. And what does Google's decision mean for how you interact with the web moving forward — or, for that matter the advertising industry? Roughly 40.9% of websites globally use cookies to gather data on users, according to data from W3Techs, a web technology research firm. This issue forms the main reason why Google has now decided to terminate its planned depreciation of third-party cookies.

Persons: Daniel Acker, Matthew Holman, Cripps, it's, Google's, Steve Silvers, there's, Silvers, Authority —, Vasiliki, Makou, Jennifer Elias Organizations: Google, Bloomberg, Getty, CNBC, Competition, Authority, ICO, Data Locations: U.S, W3Techs, Europe, London

☆ This scientist who worked for Jeff Bezos and Bill Gates is now a VC funding other 'mad scientists'
▼ + stars: | 2024-07-23 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

And while he wants to tackle the world's biggest problems such as waste, impact isn't Deep Future's sole priority. Related storiesIn some ways, Deep Future's mission harkens back to Silicon Valley's roots, he said. As for Deep Future's investments, the challenge is whether the technology can be built and made cost-effective, ideally within its investment horizon of 10 years. One of Deep Future's portfolio companies, Descycle, is developing non-toxic chemicals to separate gold in electronics in landfills. Getting investors on board with mad scientistsWith Deep Future's niche, getting investors' attention has been easy, Holman said.

Persons: —, Pablos Holman, Jeff Bezos's, Bill Gates, Michael Reid, Holman didn't, Holman, Matt Mullenweg, that's, Alfred Steiner, I'm Organizations: Service, Origin, Ventures Laboratory, Business, Investors, WordPress

☆ Britain's Labour faces an uphill battle as it looks to rein in AI's key players
▼ + stars: | 2024-07-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

By taking aim at the most powerful AI models, Labour would impose tighter restrictions on companies such as OpenAI, Microsoft , Google , Amazon , and AI startups including Anthropic, Cohere and Mistral. Matthew Houlihan, senior director of government affairs at Cisco, said any AI rules would need to be "centered on a thoughtful, risk-based approach." Even so, a U.K. AI law would be a step above the U.S., which currently doesn't have federal AI legislation of any kind. Sirion's Liu said one thing he's hoping the government doesn't do, is restrict open-source AI models. Herman Narula, CEO of metaverse venture builder Improbable, agreed that restricting open-source AI innovation would be a bad idea.

Persons: Keir Starmer's, King Charles III, doesn't, Starmer's, Matt Calkins, Appian, Lewis Liu, Liu, Rishi Sunak, Peter Kyle, Kyle, Zahra Bahrololoumi, Matthew Houlihan, Bill, Chris Holmes, Holmes, Matthew Holman, Cripps, Holman, Sirion's Liu, Herman Narula, Narula Organizations: Future Publishing, Labour, European Union, Microsoft, Google, CNBC, Conservative, BBC, AI Safety Institute, Cisco, Authority, EU, AI Safety, Tech, London Tech Week Locations: Jiangsu province, China, Ireland, Salesforce, U.S

☆ When That Job Promotion Is Really a ‘Glass Cliff’
▼ + stars: | 2024-07-12 | by ( Jordyn Holman | More About Jordyn Holman | ) www.nytimes.com time to read: +1 min

When Boeing tapped Stephanie Pope to run its commercial airplanes division in March, positioning her to become the company’s first female chief executive, not all gender equity advocates were celebrating. Examples of the glass cliff abound. When Bed Bath & Beyond was crashing toward bankruptcy, it appointed Sue Gove as its first female chief executive. But some researchers think companies in crisis sometimes turn to women because they are perceived as having the soft skills needed to navigate difficult situations. The glass cliff is also prevalent in other countries and outside the corporate world: in government, sports leagues and at universities.

Persons: Stephanie Pope, Stephanie Linnartz, Armour, Sue Gove Organizations: Boeing, Companies

☆ How a Distinctive Beauty Brand Fell Apart, Sinking Almost $700 Million With It
▼ + stars: | 2024-07-10 | by ( Jordyn Holman | Maureen Farrell | ) www.nytimes.com time to read: +1 min

Carlyle, the global private equity firm, has $425 billion in investor money powering companies that make aerospace equipment, wind turbines and airport terminals. Three years ago, in May 2021, Carlyle invested roughly $600 million in a skin care company called Beautycounter. Jay Sammons, who ran Carlyle’s consumer products business, had already helped OGX hair care products generate high returns for Carlyle. Ms. Renfrew had built the decade-old company around a mission: making cosmetic products without a host of commonly used chemicals. The products were distributed through independent sellers in a multilevel marketing model that has been used for vitamin supplements, cosmetics and Tupperware.

Persons: Carlyle, Jay Sammons, Gregg Renfrew, Renfrew, Beautycounter, Mary Kay

☆ Alabama death row inmate Keith Gavin pleads with state to not autopsy his body after execution, citing his Muslim faith
▼ + stars: | 2024-07-10 | by ( Emma Tucker | Rebekah Riess | ) edition.cnn.com time to read: +3 min

CNN —An Alabama death row inmate who is set to be executed by lethal injection next week has asked the state to forgo an autopsy of his body after he is put to death, saying it would violate his religious beliefs as a practicing Muslim, a lawsuit says. Keith Gavin, who is set to be executed next Thursday or Friday, says his body will be subjected to an “invasive autopsy” that would violate his “sincerely held religious beliefs,” as well as Alabama state law, according to the complaint filed by his attorneys last month. After Mr. Gavin’s execution, there will be no question as to who or what caused Mr. Gavin’s death. CNN has reached out to the Alabama Department of Corrections and Alabama Attorney General Steve Marshall’s office for comment on the lawsuit. Ivey asked the state Department of Corrections to conduct a “top-to-bottom review of the state’s execution process” after the problems came into the national spotlight, CNN previously reported.

Persons: Keith Gavin, Steve Billy, John Hamm, Terry Raybon, William C, Gavin, ” Gavin, “, Gavin’s, Kay Ivey, Steve Marshall’s, Ivey Organizations: CNN, Alabama Department of Corrections, Holman Correctional, Alabama Gov, Alabama, of Corrections Locations: An Alabama, Alabama, Escambia County

☆ Britain looks to upstage France with play for world's third major AI hub after U.S., China
▼ + stars: | 2024-06-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

But key challenges face the country as it looks to become the world's third-biggest AI hub. At the London Tech Week conference in the Olympia events venue earlier this month, tech executives from around the world touted London and the U.K. as a place to invest. London vs. FranceLondon is facing heated rivalry from France for the title of European AI leader. Can the UK keep its European AI crown? Seeking regulatory clarityAnother key source of uncertainty for tech leaders is the future of AI regulation in the U.K.

Persons: Mike Kemp, Alex Kendall, — Kendall, Wayve's, Brent Hoberman, Wayve, it's, Salesforce, Janet Coyle, Coyle, Arthur Mensch, Hanno Renner, that's, Europe's, CNBC's, Philip Belamant, Zilch, Matthew Holman, Cripps, Holman Organizations: Global, London Tech, Sage, Google, London, Partners, Viva Tech, Accel, CNBC, Mistral France Paris, Alpha, Alpha Germany Heidelberg, Face France Paris, France Paris, United, United Kingdom London, Kingdom London, Tech, European Union Locations: London, United Kingdom, China, Olympia, SoftBank, San Francisco, Vancouver . U.S, France London, France, Brazil, Silicon, Europe, Paris, Berlin, Alpha Germany, Germany, Brexit, Britain

☆ CDK's cyber outage hits U.S. auto dealers for second day in a row
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: +1 min

A cyber outage at retail technology and software provider CDK entered its second consecutive day on Thursday, impacting automobile dealers across the United States, the affected companies said on Thursday. "The CDK outage is impacting automotive dealerships across the U.S. and Canada, including a portion of BMW Group dealers," a spokesperson for BMW North America told Reuters. CDK told Reuters it was working to reinstate its services and get its dealers back to business "as quickly as possible". The company, which provides software to car dealerships, briefly shut down all its systems on Wednesday, saying it was investigating a cyber incident. Investment firm Brookfield Business Partners bought CDK in April 2022 for $6.41 billion in a cash deal, taking the last major publicly traded provider of software to auto dealers and manufacturers private.

Persons: CDK, Holman Organizations: CDK, BMW Group, BMW North America, Reuters, National Automobile Dealers Association, Privately, Investment, Brookfield Business Partners Locations: United States, Canada, CDK

☆ At Target, Store Workers Become A.I. Conduits
▼ + stars: | 2024-06-20 | by ( Jordyn Holman | More About Jordyn Holman | ) www.nytimes.com time to read: +1 min

Target is the latest retailer to put generative artificial intelligence tools in the hands of its workers, with the goal of improving the in-store experience for employees and shoppers. On Thursday, the retailer said it had built a chatbot, called Store Companion, that would appear as an app on a store worker’s hand-held device. The idea is to give workers “confidence to serve our guests,” Brett Craig, Target’s chief information officer, said in an interview. Target is testing the device in 400 stores and plans to make the app available to most workers across its nearly 2,000 locations by August. As the retail industry experiments with generative A.I., some see its potential to eventually make in-store shopping feel more like online shopping, said Roy Singh, the global head of Bain & Co’s advanced analytics practice who works with retailers on generative A.I.

Persons: ” Brett Craig, Target’s, Roy Singh Organizations: Bain & Co’s

☆ Price Pendulum Swings Back to Discounts, Within Limits
▼ + stars: | 2024-06-03 | by ( Talmon Joseph Smith | Jordyn Holman | ) www.nytimes.com time to read: 1 min

U.S. consumers, fatigued by a three-year bout of inflation, want lower prices. Target recently announced modest price cuts on 5,000 food products and household goods. Craft and furniture stores like Michael’s and Ikea have also said they will drop prices on popular items. A broader range of companies have indicated on quarterly earnings calls that they plan to slow price increases and seek other ways to expand profitability. But regardless of motivation, a shift is in motion that may help ease inflation in the coming months.

Organizations: Walgreens, Ikea

☆ The 7 Grueling Months to Reclaim the Bookstore Dream a Fire Stole
▼ + stars: | 2024-06-01 | by ( Jordyn Holman | Hiroko Masuike | ) www.nytimes.com time to read: +1 min

Lucy Yu wasn’t sure if she had smoke in her lungs or was having an anxiety attack. Five days earlier, on the Fourth of July, she had raced out of her bookstore in Manhattan’s Chinatown as it filled with smoke. She had assembled a team of friends to pack up the books that weren’t damaged beyond repair and put them in storage. She walked outside and sat down on a stoop next door, as her friends comforted her and brought her water. Her once-vibrant store, Yu & Me Books, needed a gut renovation to remove mold and smoke residue.

Persons: Lucy Yu wasn’t, Yu Locations: Chinatown

☆ A Lender to Consumer Start-Ups Falters, Rattling Its Clients
▼ + stars: | 2024-05-24 | by ( Jordyn Holman | ) www.nytimes.com time to read: +1 min

A popular lender backed by venture capital firms is struggling financially, sending shock waves through the small clothing and home furnishing companies that count on its financing. The lender, Ampla, spent years courting small direct-to-consumer brands with low rates and a pitch that it understood their needs. In recent weeks, its top executives have been searching for a buyer, two people familiar with the firm’s finances said. Ampla has also tightened or frozen clients’ lines of credit and told many customers to find other lenders, leaving them in the lurch, according to half a dozen former and current clients. Its troubles appear to be part of a broader reckoning for direct-to-consumer businesses, some of which are no longer growing as rapidly as they once were or are struggling financially.

Persons: Ampla Organizations: Investors Locations: New York

☆ Macy’s Reports Another Drop in Sales
▼ + stars: | 2024-05-21 | by ( Jordyn Holman | ) www.nytimes.com time to read: +1 min

Macy’s said its comparable-store sales in the United States fell 1.2 percent from the same quarter a year earlier. Sales at the namesake Macy’s brand were the weakest of all of the company’s brands, falling 1.6 percent. Sales at Bloomingdale’s rose 0.8 percent and Bluemercury’s sales rose 4.3 percent. According to the Census Bureau, retail sales at department stores overall fell 2.4 in the first four months of the year, compared with the same period last year. The department store chain said it expected comparable-store sales to be down about 1 percent to 1.5 percent compared with last year.

Persons: Macy’s, décor Organizations: Census Locations: United States

☆ Walmart Opens the Year With Stronger Sales and Profit
▼ + stars: | 2024-05-16 | by ( Jordyn Holman | ) www.nytimes.com time to read: +1 min

The Numbers: Sales grew in stores and especially online. Walmart said its comparable-store sales in its U.S. business rose 3.8 percent from the quarter a year earlier. Walmart has performed better than retailers dependent on apparel sales, in part because it also sells essential goods like groceries. Walmart’s quarterly profit, of $5.1 billion, was triple the result a year earlier. The retailer’s stock rose in premarket trading, as investors reacted to last quarter’s results and the company’s upgraded forecast for growth this year.

Persons: ”, David Silverman Organizations: Walmart, Fitch

☆ Walmart Is Shutting Health Centers After Plan to Expand
▼ + stars: | 2024-04-30 | by ( Jordyn Holman | More About Jordyn Holman | ) www.nytimes.com time to read: +1 min

Walmart, the world’s largest retailer, said Tuesday that it was shutting down its health care centers, a network that only last year it said it planned to expand. The retailer said in a blog post that its 51 health centers would close. The plans won’t affect the more than 4,600 pharmacies and more than 3,000 vision centers within Walmart stores. Walmart started the health-care clinic initiative in 2019 in Dallas, Ga., with centers providing primary care, labs, X-rays and electrocardiograms, counseling, and dental, optical and hearing services. In 2021, Walmart started offering a virtual option when it acquired MeMD, a telehealth provider.

Organizations: Walmart Locations: Dallas ,

☆ How Supplement Stores Are Trying to Tap Into the Ozempic Boom
▼ + stars: | 2024-04-29 | by ( Jordyn Holman | ) www.nytimes.com time to read: 1 min

As diabetes and weight-loss drugs like Ozempic and Wegovy took off in the last few years, many people turned away from established diet and nutrition products. Now, two retailers that specialize in nutritional supplements — GNC and the Vitamin Shoppe — are trying new approaches to win over people who are taking those drugs or who are interested in them. GNC is dedicating a wall of supplements in its more than 2,300 stores to products that it believes will appeal to people on Ozempic, which contains the compound semaglutide, and other drugs that are known as GLP-1 medicines. The chain is also training workers to help customers assess which substances could help them manage common side effects of those prescription drugs. Michael Costello, chief executive of GNC, said his company saw a “big opening” in helping individuals taking such drugs for weight loss.

Persons: Wegovy, Michael Costello

☆ ‘Pay Later’ Lenders Have an Issue With Credit Bureaus
▼ + stars: | 2024-04-23 | by ( Jordyn Holman | Ben Casselman | ) www.nytimes.com time to read: +1 min

Shoppers in recent years have embraced “buy now, pay later” loans as an easy, interest-free way to purchase everything from sweaters to concert tickets. The loans typically are not reported on consumers’ credit reports, however, or reflected in their credit scores. So in February, when Apple announced it would start reporting loans made through its Apple Pay Later program to Experian, one of the three major U.S. credit bureaus, it looked like a watershed moment for the fast-growing “buy now, pay later” category. But none of the other major pay-later providers have followed Apple’s lead. And while credit bureaus and lenders say they are interested in finding a way to work together, the gulf between the two sides remains wide — so much so that some pay-later firms are exploring creating an alternative credit bureau to handle their loans.

Organizations: Apple

The Federal Trade Commission on Monday sued to block Tapestry’s $8.5 billion acquisition of Capri, a blockbuster fashion tie-up that would bring together Coach, Kate Spade, Michael Kors and Versace. The lawsuit is a rare move by the agency to block a fashion deal, given that the industry does not suffer from a lack of competition. In her time as the chair of the F.T.C., Lina Khan has prioritized taking on the power of big business in suits across industries. The agency has moved to block the supermarket merger between Kroger and Albertsons; Meta’s acquisition of the virtual reality start-up Within; and Microsoft’s bid for the gaming giant Activision. failed to block Microsoft’s deal and Meta’s acquisition, both of which closed last year.

Persons: Kate Spade, Michael Kors, Versace, Lina Khan, ” Henry Liu, ” Organizations: Federal Trade Commission, Kroger, Albertsons, Activision, “, Competition Locations: Capri, ’

☆ Dollar stores are shutting down across America. They did this to themselves
▼ + stars: | 2024-04-11 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

Dollar Tree believed acquiring Family Dollar would help it compete against larger rivals. “When Dollar Tree bought Family Dollar, they didn’t really know what they were doing,” D’Arezzo said. Many Family Dollar stores were located too close to each other and cannibalized each other’s own sales, too, D’Arezzo said. Family Dollar “needs more work than the company originally thought.”A year later, an activist investor pushed for a sale of the “underperforming” Family Dollar business, and Family Dollar announced it would close 390 stores. Dollar Tree and Family Dollar executives say Family Dollar can still succeed, however.

Persons: Dollar, Ron Holman, ” Neil Saunders, GlobalData, “, ”, David D’Arezzo, Rick Dreiling, Kelly Bania, Carl Icahn, Nelson Peltz —, ” D’Arezzo, D’Arezzo, Dreiling Organizations: New, New York CNN, Visalia Times, USA, Dollar, BMO Capital Markets, “, Street, Justice Department, Bloomberg, Walmart, Costco Locations: New York, West Coast and Texas, West Memphis, ”, California , Nevada , Arizona, Texas, California

☆ Will A.I. Boost Productivity? Companies Sure Hope So.
▼ + stars: | 2024-04-01 | by ( Jordyn Holman | Jeanna Smialek | ) www.nytimes.com time to read: +1 min

Rapid productivity improvement is the dream for both companies and economic policymakers. If output per hour holds steady, firms must either sacrifice profits or raise prices to pay for wage increases or investment projects. Economies experiencing productivity booms can experience rapid wage gains and quick growth without as much risk of rapid inflation. — especially generative A.I., which is still in its infancy — has spread enough to show up in productivity data already. “may” have the potential to increase productivity growth, “but probably not in the short run.” John C. Williams, president of the New York Fed, has made similar remarks, specifically citing the work of the Northwestern University economist Robert Gordon.

Persons: Jerome H, Powell, ” John C, Williams, Robert Gordon Organizations: Ben, Abercrombie, Fitch’s, Federal Reserve, New York Fed, Northwestern University

☆ Now Featured at Beauty Stores: Teens Driven by Social Media
▼ + stars: | 2024-03-16 | by ( Jordyn Holman | ) www.nytimes.com time to read: +1 min

Impelled in large part by TikTok to seek beauty products meant for adults, younger customers — teenagers and even preadolescents — are proving to be a mixed blessing for retailers like Sephora and Ulta. Retail analysts say that as the beauty stores attract a new generation of shoppers, they will need to make sure that the experience remains fulfilling for their older, core customers — including some who may not enjoy stores full of tweens and teens. “So much of luxury and prestige is the experience,” said Simeon Siegel, a retail analyst at BMO Capital Markets. “Making an adult feel special is very different than making a college student feel special, which is dramatically different than making a tween feel special. The survey found that teenage respondents spent 23 percent more on cosmetics, skin care and fragrance in 2023 than the year before.

Persons: TikTok, ”, Simeon Siegel, Piper Sandler Organizations: Retail, BMO Capital Markets, Ulta Locations: United States

☆ Walmart Wants to Teach Store Managers Compassion
▼ + stars: | 2024-03-12 | by ( Jordyn Holman | ) www.nytimes.com time to read: 1 min

On a stormy afternoon in Bentonville, Ark., a Walmart regional manager recounted a story about a moment when his humanity came up short. He was 24-year-old store manager anxiously trying to get his workers to set up Halloween merchandise displays. Instead, the workers were gathered around the televisions in the electronics department. He didn’t fully understand what was happening until a worker tearfully laid into him, explaining that she had relatives in New York City. “I didn’t take a minute to survey the room to understand the ramifications of my words and my actions,” the former store manager, David Seymore, now a regional vice president at Walmart, told his listeners.

Persons: ”, David Seymore, “ Organizations: Walmart Locations: Bentonville, Ark, New York City

☆ Activist Investor’s Group Raises Bid for Macy’s
▼ + stars: | 2024-03-03 | by ( Lauren Hirsch | Jordyn Holman | ) www.nytimes.com time to read: +1 min

The activist investor group that is seeking to buy Macy’s increased the pressure on the department store chain on Sunday, raising its offer and disclosing additional details about its financing plans. Arkhouse Management and Brigade Capital Management said in a news release that they were now offering $24 per share, valuing the retailer at $6.6 billion. The new offer is up from the $21 a share they last put forward and a 33.3 percent premium to Macy’s closing share price of at $18.01 on Friday. Arkhouse and Brigade named additional investors they had brought on as equity partners, Fortress Investment Group and One Investment Management. The investor has since nominated nine people to Macy’s board.

Persons: Arkhouse Organizations: Arkhouse Management, Brigade Capital Management, Brigade, Fortress Investment Group, One Investment Management Locations: Macy’s

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