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Federated Department Stores Inc., operator of Macy s and Bloomingdale s, has reached a deal to buy rival May Department Stores Inc., a source familiar with the deal told The Associated Press on Sunday.Exact terms of the deal could not be determined.The executive, who spoke on condition of anonymity, said Federated will pay less than $36 for each May share under the deal, which will be formally announced Monday.The deal would be wo
stanley cup rth a total of about $10.4 billion, with Federated paying about $35.50 in cash and stock for each May share, according to The Washington Post. That would be a 15-cent premium to May s closing price of $35.35 Friday on the New York Stock Exchange, after its shares rose $1.50, or 4.4 percent, that day.The boards of the two companies approved the deal over the weekend, according to The Post, which cited executives c
stanley cups lose to the merger in a story published on its Web site Sunday night. The deal would bring together Cincinnati-based Federated with the company known for its Marshall Field s and Lord Taylor chains, creating a company with 1,000 stores and $30 billion in annual sales. It s all winners. This deal is good for shoppers. It will result in better fashions and sharper price points, said retail industry expert Burt Flickinger, managing director at St
stanley bottles rategic Resources in New York.Messages left seeking comment Sunday night from a Federated spokeswoman and several members of the company s board were not immediately returned.The merger, wh Xnna The Political Views Of U.S. Religions In A Single Graph
Meet Jibo. On track to exist next year, Jibo is being marketed as the world first family robot. The bulbous little guy can read to kids in the living room, recite recipes in the kitchen, take photos in the yard, and perform a handful of other simple tasks. Jibo is also a little bit creepy. The idea of a robotic family helper is a terrifically timeless one. At least as far back as the original Jetsons series, we squishy humans have longed for someone to do our dirty work around the house. And over the years, we ;ve gotten various versions of homebots. While Sony robotic dog Aibo and iRobot roaming cleaner Roomba aren ;t quite Rosie, progress has been steady, however slow. Jibo, however, looks like a leap forward.
https://youtube/watch v=3N1Q8oFpX1Y At first, Jibo just looks like a screen on a stand. But with three joints that would let it emote and express itself physically, Jibo could follow people around the room, and thanks to an on board camera with facial recognition capabilities, it could recognize the different mem
stanley taza bers of the family. This f
stanley cup eature would come in handy when you want to take photos, say, at a birthday party. The teddy bear-sized device
stanley termosky would also work as a telepresence robot, record messages, offer up reminders at just the right time, and even read stories to the kids. Jibo is the brainchild of MIT Media Lab professor Cynthia Breazeal who spent the last few years researching personal robots. While she
