Nordstrom family will take retailer private in $4 billion deal By Reuters

By Savyata Mishra and Juveria Tabassum (Reuters) -The Nordstrom (NYSE:) family teamed up with Mexican retailer Liverpool to clinch a $4 billion deal to take iconic department store chain Nordstrom private, six years after a similar attempt fell short. Nordstrom and rivals such as Macy’s (NYSE:) have become enticing takeover targets in recent years as […]

Chinese workers found in ‘slavery-like conditions’ at BYD construction site in Brazil By Reuters

By Fabio Teixeira RIO DE JANEIRO (Reuters) -Brazilian officials found 163 Chinese nationals working in “slavery-like conditions” at a construction site for a factory owned by Chinese electric vehicle producer BYD (SZ:) in Brazil’s Bahia state, the local labor prosecutor’s office said on Monday. According to the authorities, the workers were hired in China by another firm and

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