US Business

The owner of Saks, Neiman Marcus and Bergdorf Goodman becomes the highest-profile department-store chain to file for chapter 11 since the pandemic.

The companies had struck a $72 billion cash-and-stock deal in December.

Geoffroy van Raemdonck steered Neiman Marcus through its own chapter 11 proceedings before selling the luxury retailer to Saks in 2024.

Percepta, founded by two ex-Palantir employees, says Palantir’s lawsuit hinges on an overly broad interpretation of employment agreements.

Increasing demand from the tech industry threatens to max out generation capacity in a 13-state region. Consumers are furious about rate increases.

The retailer faces calls for action from some locals after two employees are detained on the job.

A boom-and-bust region is feeling the pinch from cheap oil, even as low prices help at the pump.

AI companies are engaged in an expensive arms race to attract users and alleviate public anxiety about the technology.

The company also filed a lawsuit Monday seeking more information on Warner’s deal with Netflix.

Revolution is developing drugs that target a molecular driver of cancers.