Luggage maker Samsonite eyes handbag market
The trial begins Monday in the Justice Department's lawsuit to block AT&T's $85 billion proposed merger with Time Warner. This will decide the fate of a massive media merger in a trial that could determine how and what video we stream in the future. The trial will center on whether the deal could hurt competition or consumers.
U.S. and British lawmakers want answers from Facebook on how names, preferences and other information from tens of millions of users ended up in the hands of a data analysis firm connected with President Donald Trump's 2016 campaign. Facebook told CNN that it is looking into ties between one of its current employees and the firm, Cambridge Analytica, and had suspended that employee.
Samsonite wants to get into handbags. Bloomberg says handbags would help Samsonite fill a gap as the company focuses on boosting sales of office gear and non-travel products to women. It didn't say which handbag maker it may be looking at buying.
Kroger will stop selling magazines about assault rifles. Kroger didn't specify how the company will screen gun magazines for assault rifles. Some magazines, like Field & Stream, focus on hunting rifles and shotguns. Other magazines focus on handguns.
A company called Sheerly Genius says it just made hose that won't tear easily. The pantyhose are made of ballistic grade fiber that is up to 10 times stronger than steel while still being sheer. The company is looking to raise money to bring the product to market.