For years, the future of the department store has been in doubt, as shoppers abandon malls and instead opt to scoop up dresses, appliances and accessories online. But some investors believe they’ve found a clever way for these once-mighty brands to move forward. What’s happening: Activist shareholders are increasingly pushing retailers to spin off their…… MORE
Australia and England take to the field for the first Test on Wednesday of the highly-anticipated Ashes series, with both teams burdened by off-pitch scandals in recent weeks. Considered by some the pinnacle of cricket, The Ashes, is five-Test series of contests between the two powerhouses and is the sport’s oldest rivalry. Beginning in 1882,…… MORE
The use of invisible lasers in space may sound like something from science fiction, but it’s real. NASA’s Laser Communications Relay Demonstration could revolutionize the way the agency communicates with future missions across the solar system. These lasers could lead to more high-definition videos and photos from space than ever before, according to the agency.…… MORE
As the pandemic stretches on, our collective ability to weather adversities and bounce back to emotional stability is being challenged daily. Many of us have suffered significant trauma from illness, hospitalization and death. Many more have experienced job loss, economic uncertainly and financial instability. And everyone has had to cope with an unprecedented uprooting of…… MORE
David Schoen has stepped forward to represent conservative firebrand Steve Bannon in his contempt of Congress case after two previous stints defending self-proclaimed “dirty trickster” Roger Stone, and even former President Donald Trump. But Schoen insists politics is not playing into his decision. Instead, Schoen says his three-decade-long career as a civil rights attorney made…… MORE
On Thanksgiving morning, Covid reminded us that neither death nor mutations take a holiday. And while the virus gathers strength, a pandemic of pandemic fatigue undermines our ability to stop the virus. The newly discovered Omicron variant quickly led to border closures, a stock market plunge, and a collective sigh of despair: Will the pandemic…… MORE
Doug Parker will retire as CEO of American Airlines in March, handing over the top job at the nation’s largest airline to Robert Isom, currently the company’s president. Parker, 60, will remain as chairman of American after stepping down as CEO. American had struggles with service problems this year as it tried to respond to…… MORE
Hertz has gone from bankruptcy court to buybacks in the span of five months. And Senator Elizabeth Warren is not happy about it. The Massachusetts Democrat wrote Hertz a letter Monday calling the company out for rewarding shareholders with up to $2 billion in stock buybacks despite skyrocketing rental car prices. Warren questioned why Hertz…… MORE
Early reports on the quick spread of the Omicron variant in South Africa were at first frightening, but then began to offer some hope. The new variant may have quickly overtaken other strains of the virus in South Africa as it enters the summer, but cases so far appear to have been overwhelmingly mild. Then…… MORE
BTS fans, Christmas has come early — members of the K-Pop band finally have personal Instagram accounts. All members of the band — RM, Jin, V, J-Hope, Suga, Jimin and Jungkook — posted to their new social media profiles on Monday. The profiles have already amassed millions of followers, and commenting on the posts has…… MORE
