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When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia traded lower on Monday afternoon, as a Nasdaq-style technology board on the Shanghai Stock Exchange marked its debut.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
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Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
The Nordstrom family is moving ahead with finding a private equity buyer for the Seattle-based department store chain, sources said.
A special committee of the board has been formed and bankers, lawyers and an outside public relations firm have been hired to help in the task, the sources said. The Nordstrom family owns about 30 percent of the company.
The company said earlier this month that the family had begun to explore a take-private deal, though they had not yet made a proposal. Retailers are struggling with an industry-wide slowdown in sales that has hit shares of major department store operators. Nordstrom shares are up 13.8 percent since the closing price on June 7, the day before the company announced the possible deal. They are up 3.9 year to date.
A private equity owner might help Nordstrom restructure. Members of the family pursuing a deal include Co-Presidents Blake, Peter and Erik Nordstrom, the great-grandchildren of the co-founder.