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texasbased company

Saks Shuts Its New Orleans Store as Retail Shake‑Up Continues

February 11, 2026

The flagship Saks Fifth Avenue on Canal Street will close its doors in April 2026. The decision comes as the parent company, Saks Global Enterprises, files for Chapter 11 and trims unprofitable locations nationwide. The New Orleans outlet has been a downtown landmark since the early 1980s, reopen

technology

Amazon Engineers Push Back on Internal AI Tool Rules

February 11, 2026

Amazon’s internal teams are feeling the squeeze from new rules that limit their use of Anthropic’s Claude Code in everyday work. Even though the company backs Anthropic heavily and sells its AI services through AWS Bedrock, employees can’t deploy Claude in live products without special permission.

business

Kraft Heinz Takes a Pause on Splitting Up to Focus on Turning Things Around

February 11, 2026

Kraft Heinz has decided to stop work on its planned split, saying the problems it faces can be fixed. The new chief executive, Steve Cahillane, who joined last year, said the company’s main goal is to get back on a profitable growth path. He added that all attention must stay on the operating plan a

crime

Unexpected Train Mishap Shuts Down Oak Lawn Roads

February 11, 2026

A freight train went off its tracks early Wednesday, throwing a wrench into the daily commute for Metra riders and forcing several roads in Oak Lawn to close. The incident happened near the 108th Street crossing, and Metra learned about it at roughly 4:45 a. m. The company had to halt all Southwest

business

Nexperia Faces New Legal Hurdles Over Ownership Clash

February 11, 2026

In a twist that could shake the electronics supply chain, Dutch judges have decided to launch a full investigation into Nexperia BV. The move follows a battle that saw the company’s former Chinese owner, Wingtech Technology Co. , lose control of the business. Wingtech’s influence had already been

technology

New Data Deal: Food Tech Giant Adds Customer‑Insight Tool

February 11, 2026

PAR Technology Corp. will buy most of Bridg, a Los Angeles data platform owned by Cardlytics, for between $27. 5 million and $30 million in PAR shares. The deal will close early 2026 after standard approvals. The purchase gives PAR instant access to a rare mix of loyalty and everyday transaction da

business

Madrigal Secures Major Deal to Battle Liver Disease

February 11, 2026

A Chinese biotech company in Suzhou has given an American firm the worldwide rights to create and sell six new RNA medicines aimed at a serious liver condition. The deal brings an upfront cash payment of $60 million and could grow to nearly $4. 5 billion if the medicines reach several key develop

finance

Robinhood Faces Crypto Slide and Market Shake‑Ups

February 11, 2026

In the latest earnings release, Robinhood’s stock fell about eight percent in early trading after the company revealed a 38‑percent drop in crypto revenue, pulling the overall quarterly numbers down. The firm posted a record $1. 28 billion in total revenue, up 27 percent year over year, but the c

business

Rethinking Corporate Purpose: A Shift Back to Shareholder Focus

February 11, 2026

"It is time to look at what a company really exists for. The debate started when many CEOs said that putting people and the planet first should replace the old rule of only caring about shareholders. This idea, called stakeholder capitalism, got a lot of attention from media and politicians who push

finance

Sports Game Firm Sees Big Rise, Files Lawsuit Over Stock

February 11, 2026

Sports Entertainment Gaming Global Corp. made headlines after its shares jumped 17 percent to $1. 30 on Tuesday. The price stayed flat at the same level during after‑hours trade, showing investors are watching closely. In a press release that hit the market during regular hours, the Texas‑base