Business

Saks officially emerges from Chapter 11 bankruptcy with less debt and a new name

NEW YORK (AP) — Saks Global, the parent company of Neiman Marcus, Saks Fifth Avenue and Bergdorf Goodman, officially emerged from Chapter 11 bankruptcy Friday with fewer stores, less debt, a more focused strategy to pamper the affluent — and a new name. The company said Friday that the ...

Appeals court rejects Trump EPA bid to abandon rule restricting deadly soot pollution

WASHINGTON (AP) — A federal appeals court on Friday rejected the Environmental Protection Agency's attempt to abandon a Biden-era rule that sets tough standards for deadly soot pollution. The unanimous ruling by a three-judge panel is a setback for the Trump administration's deregulatory ...

Trump threatens 100% tariff on countries that tax digital services from US

WASHINGTON (AP) — President Donald Trump on Friday threatened a 100% tax on imports from any country that imposes a tax on digital services from United States companies. In a post on social media, Trump took aim at European countries that he said are discussing "imminent" implementation of ...

IRS did better than expected after slashing staff, except on the phone

WASHINGTON (AP) — The IRS did better than expected getting refunds out to taxpayers during the 2026 tax season despite massive cuts to its workforce, but the national taxpayer advocate says taxpayers who needed human help were left behind. “Taxpayers who required assistance from the IRS ...