Broadband providers AT&T, Comcast and T-Mobile have officially asked the Federal Communications Commission to retreat from a privacy proposal that could limit online behavioral advertising. The proposal, unveiled this month by FCC Chairman Tom Wheeler, would require Internet service providers to obtain consumers' explicit consent before drawing on their app usage or Web-browsing histories for ad targeting. That proposal applies only to companies that offer Internet access services like Verizon and Time Warner as opposed to online publishers, search engines and other so-called "edge" providers. Google, Facebook and other Web site operators currently let people opt out of receiving behaviorally targeted ads, but don't seek people's advance permission unless drawing on data the ad industry considers "sensitive." In general, that ad industry says the concept includes precise geolocation information, financial account numbers and health-care data. click Read More below for more of the story
Macy’s, Inc. (NYSE:M) today announced the completion of its previously announced acquisition of Bluemercury, Inc., widely recognized as America’s largest and fastest-growing luxury beauty products and spa services retailer, for $210 million in cash.
Bluemercury, based in Washington, D.C., currently operates about 60 specialty stores in 18 states, typically in prime street-level locations and urban lifestyle centers, as well as an online business. Macy’s, Inc. plans to operate and significantly expand Bluemercury stand-alone specialty stores, enhance its online capabilities and add selected Bluemercury boutiques and private-brand products to Macy’s stores nationwide over time.
Bluemercury will continue to be led by Marla Malcolm Beck, chief executive officer, and Barry Beck, chief operating officer, who co-founded the company in 1999. Its team of approximately 500 associates will remain in their current roles operating a stand-alone Bluemercury specialty business.
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