By Halah Touryalai, Forbes Staff
Iconic luxury retail chain Saks sold itself for $2.9 billion in cash to Lord & Taylor parent company, Hudson’s Bay. …read more
Source: FULL ARTICLE at Forbes Latest
Saks Fifth Avenue announced Monday that it has agreed to let Hudson’s Bay Company – the Toronto-based firm that owns Lord & Taylor and Hudson’s Bay – buy the company for $2.4 billion. This means one of America’s most famous department-store chains is now owned by a Canadian business, and it also means Saks will soon expand into the Great White North.
The chain’s new owners plan to build Saks Fifth Avenue locations and its Off Fifth outlet stores throughout Canada, according to Dealbook. These stores will join Saks’s other international outposts in Mexico, Dubai, Bahrain, and Kazakhstan.
“We are excited about what this opportunity and being part of a much larger enterprise can mean for the future of the Saks Fifth Avenue brand,” said Saks CEO Steven Sadove in a statement.
Technically, Saks still has a 40-day “go-shop” period, during which it can still entertain other offers before officially becoming part of Hudson’s Bay. Earlier bidders for the retailer included Kohlberg Kravis Roberts, a private equity firm that might have merged Saks with Neiman Marcus, and the Qatar Investment Authority, which owns stakes in Tiffany & Co. and LVMH, among other holdings.
Source: FULL ARTICLE at fashionologie
With the Boston marathon bombing suspect in a prison hospital, investigators are pushing forward in the U.S. and abroad to piece together the myriad details of a plot that killed three people and injured more than 260.
FBI agents have wrapped up a two-day search at a landfill near the University of Massachusetts Dartmouth, where 19-year-old suspect, Dzhokhar Tsarnaev, was a sophomore. FBI spokeswoman Laura Eimiller wouldn’t say what investigators were looking for or whether they recovered anything from the landfill before the search ended Friday.
A federal law enforcement official not authorized to speak on the record about the investigation told The Associated Press on the condition of anonymity on Friday that the FBI was gathering evidence regarding “everything imaginable.”
Meanwhile, U.S. officials said the bombing suspects’ mother had been added to a federal terrorism database about 18 months before the April 15 attack — a disclosure that deepens the mystery around the Tsarnaev family and marks the first time American authorities have acknowledged that Zubeidat Tsarnaeva was under investigation before the tragedy.
Dzhokhar Tsarnaev is charged with joining with his older brother, Tamerlan Tsarnaev, now dead, in setting off the shrapnel-packed pressure-cooker bombs. The brothers are ethnic Chechens from Russia who came to the United States about a decade ago with their parents.
Investigators have said it appears the brothers were angry about the U.S. wars in Afghanistan and Iraq.
Two government officials, speaking on condition of anonymity because they were not authorized to speak publicly about the investigation, said the CIA had Zubeidat Tsarnaeva‘s name added to the terror database along with that of her son Tamerlan after Russia contacted the agency in 2011 with concerns that the two were religious militants.
About six months earlier, the FBI investigated mother and son, also at Russia‘s request, one of the officials said. The FBI found no ties to terrorism. Previously U.S. officials had said only that the FBI investigated Tamerlan Tsarnaev.
In an interview from Russia, Tsarnaeva said Friday that she has never been linked to terrorism.
“It’s all lies and hypocrisy,” she said from Dagestan. “I’m sick and tired of all this nonsense that they make up about me and my children. People know me as a regular person, and I’ve never been mixed up in any criminal intentions, especially any linked to terrorism.”
Tsarnaeva faces shoplifting charges in the U.S. over the theft of more than $1,624 worth of women’s clothing from a Lord & Taylor department store in Natick in 2012.
Earlier this week, she said she has been assured by lawyers that she would not be arrested if she traveled to the U.S., but she said she was still deciding whether to go. The suspects’ father, Anzor Tsarnaev, said that he would leave Russia soon for the United States to visit one son and lay the other to rest.
A team of investigators from the U.S. Embassy in Moscow questioned both parents in Russia this week.
Late this week, Dzhohkar Tsarnaev was taken from Beth Israel Deaconess Medical Center, where he was recovering from a throat wound
Source: FULL ARTICLE at Fox US News
By Kevin Spak Investigators believe they’ve had a major breakthrough in the Boston Marathon bombing case, with a source telling John King at CNN that they have identified a suspect. The ID is based on an analysis of security camera footage from a Lord & Taylor store near the site of the second…
From: http://www.newser.com/story/166412/boston-suspect-reportedly-ided.html
Authorities have reportedly identified an image of a young man carrying – and perhaps dropping – a black bag at the second bombing scene at Monday’s Boston Marathon.
The Boston Globe, citing an official who declined to be identified, said investigators are “very close” in the investigation. Authorities may publicize their finding as early as this afternoon, the Globe reports
A surveillance camera at Lord & Taylor, located directly across the street, has given investigators clear video of the area, according to the unnamed official.
“The camera from Lord & Taylor is the best source of video so far,” said Dot Joyce, a spokeswoman for Boston Mayor Thomas M. Menino told the Boston Globe. “All I know is that they are making progress.”
Fox News has been told that the circuit board suspected of being used to detonate the Boston Marathon bomb has been recovered, and that FBI investigators continue to scan and analyze the cell phone tower records to identify positive hits for signs of calls that may have triggered both explosions remotely.
According to a FBI and Department of Homeland Security bulletin, the evidence at this time supports just one pressure cooker used. Shrapnel in that device included nails, BBs and ball bearings. The main charge – possibly low explosive – has not been identified. The other device “was also housed in a metal container, but currently there is insufficient evidence to determine if it was also a pressure cooker. The fuse system and method of initiation for the two devices are unknown at this time.”
Pressure cooker bombs have been used in high-profile bombings in India, Pakistan and Afghanistan, and have been touted in the Al Qaeda in Yemen‘s online propaganda magazine Inspire and in the “The Anarchist Cookbook.”
Fox News’ Catherine Herridge contributed to this report.
From: http://feeds.foxnews.com/~r/foxnews/national/~3/PX9so-B8VfE/
