Apple, Google and Amazon fell late, with January's jobs report on tap. Is the hot market rally due for a pullback?
A former U.S. Navy captain who was caught up in a massive contracting scandal was sentenced Thursday to 2 1/2 years in federal prison for taking nearly $91,000 in bribes. Retired Capt. David Haas also was ordered to make restitution and to pay a $30,000 fine. Prosecutors said Haas, 54, of Kailua, Hawaii, was among dozens of Navy officials who were bribed to help obtain defense contracts for a man known as “Fat Leonard” Francis.
Billionaire investor Ryan Cohen is building a large stake in Nordstrom Inc and plans to push the upscale retailer to shake up its board as its performance has lagged behind rivals, people familiar with the matter said on Thursday. Cohen, who built his fortune by co-founding online pet retailer Chewy Inc and cemented it with investments in videogame retailer GameStop and Apple Inc, would like to replace at least one director on Nordstrom's 10-member board, the people said. He appears to be taking at aim at Mark Tritton, who chairs the compensation committee and has served as a director since 2020.