Chapter 11 filing for Nine West
NEW YORK — Nine West Holdings has become the latest retailer to file for Chapter 11 bankruptcy protection in an attempt to restructure its debt.
The shoe chain says the move was made to help with the sale of its Nine West and Bandolino footwear and handbag business and so it can focus more on its profitable units, One Jeanswear Group, the Jewelry Group, the Kasper Group and Anne Klein.
Best Buy warns of data breach
Best Buy is warning that some of its customers' payment information may have been compromised in a data breach.
The retailer is the latest company, along with Delta Air Lines and Sears, to report the cyberattack last fall against a third-party operator of its chat services.
Best Buy said a “small fraction” of its online customer population may have been affected, whether or not chat services were used.
The software company, (24)7.ai, says it discovered and fixed the breach in October. The attack may have exposed customers' names, addresses, credit card numbers, card security codes and expiration dates.
Best Buy said it would directly contact any affected customers and they will not be liable for fraudulent charges. It will also offer free credit monitoring.
Authorities seizing Backpage.com sites
PHOENIX — Federal law enforcement authorities are in the process of seizing online classified site Backpage.com and its affiliated websites.
A notice that appeared Friday afternoon at Backpage.com says the websites are being seized as part of an enforcement action by the FBI, U.S. Postal Inspection Service and the Internal Revenue Service.
Backpage.com lets users create posts to sell items, seek roommates, participate in forums, list upcoming events or post job openings. It also has had listings for adult escorts and other sexual service.
Last year, the creators of the website were charged with money laundering in California.
Chairman of ship pilots board resigns
The chairman of the board that represents ship pilots in Galveston and Texas City resigned this week. Kenny Koncaba was appointed to the Pilot Commissioners in June 2015.
The resignation comes as the board, which oversees the pilots who guide vessels into port, is in a feud with the Galveston port, its governing board and cruise lines over fog delays. On Friday, Koncaba denied he left because of the dispute.
“My decision is completely separate of any of the issues being discussed with Galveston Wharves and the cruise industry,” Koncaba said in an email. “I’m extremely grateful for the opportunity and proud of my service on this commission, and I look forward to continuing to serve and contribute to Texas’ success.”
The Galveston Daily News reported he resigned in preparation for a new job offered to him by Gov. Greg Abbott.
The Wharves Board is also seeking oversight of pilot actions and rates. Other ports in Texas have one governing board that oversees the port and pilots. Galveston's pilot commissioners, however, are appointed by the governor.
Dunkin' Donuts offers Donut Fries
BOSTON — Want some fries with that doughnut?
Dunkin' Donuts is selling Donut Fries along with other nontraditional products as part of a new $2 snacking menu at a small number of its stores in the Boston area. The test will gather feedback to help determine whether to sell the items nationally.
Ford recalling 350,000 vehicles
DEARBORN, Mich. — Ford is recalling about 350,000 trucks and SUVs in the U.S., Canada and Mexico because they might be in a different gear than the one shown on the shift indicator.
The recall covers the 2018 F-150 pickup and Expedition large SUV with 10-speed automatic transmissions. Also covered are 2018 F-650 and F-750 trucks with six-speed transmissions. The F-150 is the top-selling vehicle in the U.S.
Ford says it knows of one crash and one injury due to the problem.
Owners will be notified the week of April 16. Dealers will make sure the clip was installed correctly and secure it if needed.