Saks Global Pledges $600 Million to Vendors After Court Win
Saks Global received court approval Friday (Feb. 20) for a $1 billion bankruptcy loan, Reuters reported Friday.
The financing had been held up by vendors’ concerns that they may not get p...
Consumer Spending Persists Despite Slower Income Gains
Consumers continue to shoulder the expansion of the U.S. economy, even as late-year data reveal a more deliberate spending posture and a softer pace of overall growth.
Income Growth Moderat...
Xbox shakeup: Phil Spencer and Sarah Bond are leaving Microsoft
Xbox ex boss and new Xbox boss | Image: Microsoft
After nearly 40 years at Microsoft, Xbox chief and Microsoft Gaming CEO Phil Spencer is leaving the company, along with Xbox president Sarah Bon...