Bloomberg Hudson’s Bay Co. Chairman Richard Baker may scrap an offer to take the struggling retailer private after regulators delayed a vote on the deal following complaints from a minority shareholder. The investor group that controls the owner of Saks Fifth Avenue is “evaluating next steps, including terminating the transaction,” according to a memo sent to advisers. The group plans ...

Bloomberg Online shoppers are getting fewer discounts on toys this holiday season, despite an effort by retailers to start sales earlier to offset a shorter shopping season. Toys were discounted on average 15-18% this year compared to average drop in pricing of 31% last year, UBS analyst Arpine Kocharyan wrote in a note, citing e-commerce trends tracked by Adobe Inc. ...

Abu Dhabi / WAM The UAE on Monday announced AED55 million ($15 million) for school supplies that will support 400,000 students in Sudan. The monetary aid, provided by Abu Dhabi Fund for Development (ADFD), covers educational necessities, including classroom equipment. ADFD, in cooperation with the Sudanese government, supervised the delivery of the first shipment of school supplies that covers the ...