NEW YORK (AP) — The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus for $2.65 billion.

HBC, the parent of Saks Fifth Avenue, would acquire Neiman Marcus for $2.65 billion.

The owner of Saks Fifth Avenue is close to acquiring Neiman Marcus Group for US$2.65bil, according to a person familiar with the matter – a deal...

Goal of the deal appears to be to cut costs, streamline operations and boost profit at a time when the retail sector has been under pressure

BENGALURU: Philippine-based Metro Pacific Tollways and Singapore sovereign wealth fund GIC have taken a stake worth US$1 billion in a unit of...

Top-secret Australian military intelligence will be stored on a custom cloud server built by US tech giant Amazon, Canberra said Thursday as it...

Almost immediately after Neiman Marcus began informing customers about a data breach, the alleged data was offered for sale. This article has been...

The stake sale comes just after the Vedanta group officially denied any stake sale plans after news reports alleged the same.

Russell Crowe and singer Ronan Keating are among the investors in an Irish company, which has signed a distribution deal for the US market.

The Foreign Investment Review Board has signed off on a $1.1 billion Singaporean bid to buy offshore services business MMA Offshore.