12:29 PM EDT, 06/25/2024 (MT Newswires) -- Nordstrom (JWN) said Tuesday it will open a new 30,000-square-foot Nordstrom Rack store in Houston in the spring of 2025. The store will be located in Westchase Shopping Center, the company said. Nordstrom said it will also open another two locations in San Antonio and Houston this fall. Shares of the company fell...

June 25 (Reuters) - A U.S. judge has refused to approve class action settlements worth $38.5 million that would resolve allegations that a U.S. subsidiary of Formosa Plastics and others artificially inflated the cost of a chemical used in detergents and other products. Citing uncertainties over who would share in the settlement, Chief U.S. District Judge Elizabeth Wolford in Rochester,...

PARIS (Reuters) - LVMH, the world's largest luxury group, has acquired Switzerland-based speciality clock maker L'Epee 1839, boosting its expertise in high-end watch making, the company said on Tuesday. WHY IT IS IMPORTANT The acquisition comes as luxury groups seek to cater to shoppers at the very high end of the market as the rising cost of living dampens demand...

12:31 PM EDT, 06/25/2024 (MT Newswires) -- (Updates with details throughout) A federal judge in Brooklyn has rejected a $30 billion settlement between Visa (V), Mastercard ( MA ) , and retailers to cap swipe fees for credit cards after hinting earlier in June that such a ruling could be expected, Bloomberg reported Tuesday. Judge Margo Brodie for the US...