Alphabet Inc.’s (NASDAQ: GOOGL) Google will start programs to help publishers sell subscriptions, according to The New York Times.
Si Newhouse, owner of Conde Nast, one of the nation’s largest magazine publishers, died, opening the question of what will happen to a company he has run for over 40 years.
Starbucks Corp. (NASDAQ: SBUX) closed its online store in favor of serving its customers strictly via brick-and-mortar locations.
According to Reuters, Facebook Inc. (NASDAQ: FB) will give Congress a large number of Russian ads:
Facebook Inc. said it plans on Monday to turn over to the U.S. Congress copies of some 3,000 ads that the social network says were bought on Facebook likely by people in Russia in the months before and after the 2016 U.S. election.
Last month, in response to calls from U.S. lawmakers, Facebook Chief Executive Mark Zuckerberg pledged to hand over the ads to congressional investigators who are looking into alleged Russian involvement in the U.S. presidential election, but he had left the timing unclear.
Federal Emergency Management Agency (FEMA) got $6.7 billion more for hurricane relief. According to CNNMoney:
The Federal Emergency Management Agency just added another $6.7 billion to its coffers to help with hurricane relief.
The money was expected. Sunday kicked off a new fiscal year and brought a new round of funding for the agency.
But it also comes at a crucial time for the federal government’s disaster response arm. FEMA has been responding to the aftermath of three major hurricanes that have hit the United States and its territories in the past six weeks: Harvey, Irma and Maria.
The three storms devastated Texas, Florida, Puerto Rico and the U.S. Virgin Islands, along with other parts of the Caribbean.
According to The New York Post, plans by the family that controls Nordstrom Inc. (NYSE: JWN) to take it private may have failed. The paper reports:
Discussions to take Nordstrom private are in danger of falling apart.
The family behind the Seattle-based retailer — which stunned Wall Street in June when it announced it was exploring a possible buyout — has since struggled to cobble together the financing and may not be able to close the deal, estimated to be worth upwards of $10 billion, sources told The Post.
Jitters about dwindling mall traffic dogged discussions throughout the summer, but the surprise bankruptcy filing of Toys ‘R’ Us on Sept. 23 added to the anxiety among lenders and the Nordstroms alike, insiders said.
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