Facebook-backed Libra Association rebrands as Diem

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Facebook-backed Libra Association rebrands as Diem

The Libra Association, a consortium created by Facebook to support its Libra cryptocurrency efforts, announced this morning that it has a new name — the Diem Association — and made some key hires ahead of its launch. This is just the latest course …
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Kohl's shares soar after Sephora store-in-store partnership announced

Kohl’s Corp. KSS, +14.19% stock soared 12.5% in early Tuesday trading after its store-in-store partnership with beauty retailer Sephora was announced. Sephora has agreed to install at least 850 stores in Kohl’s locations by 2023. The first 200 “Sephora at …
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Influencers call it the most "Instagrammable" Christmas spot in North Texas

PLANO, Texas — For the next month, Legacy West in Plano may be going by a different name: “Legacy North Pole.” The outdoor shopping and dining destination has added five outdoor holiday installations, designed for socially distanced photo opportunities …
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Salesforce acquires Slack for $27.7 billion enterprise value, marking cloud software vendor's largest deal ever

Salesforce is buying Slack using a combination of stock and cash. Prior to Slack, Salesforce’s biggest deals were the $15.3 billion purchase of Tableau last year and the $6.5 billion acquisition of MuleSoft in 2018. The deal pits Salesforce against Microsoft in …
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Fed, Treasury emergency lending facilities divide lawmakers on state of the economic recovery

Lawmakers debated the emergency lending facilities run by the Federal Reserve and Treasury Department at a Senate Banking Committee hearing Tuesday, revealing diverging opinions on the state of the recovery and how to keep it going. Support our …
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