63° Good Evening
63° Good Evening
Hello, we've upgraded our systems.

Please log back in to enjoy your subscription. Thank you for being part of the Newsday family.

Forgot your password? We can help go here.

Log in

Briefs: Home Depot breach; Norwegian buys Prestige; Dollar General ups bid

Home Depot has confirmed on Sept. 9, 2014,

Home Depot has confirmed on Sept. 9, 2014, that credit and debit cards used in its stores since April 2014 have been compromised. This is a Home Depot store in Oklahoma City on Nov. 14, 2011. Credit: AP

Here's what's happening in the world of business on Sept. 2, 2014.

Big stories

Norwegian Cruise Lines will pay $3 billion in cash for Prestige Cruises International, a high-end cruise line, adding eight ships to its fleet and several high-profile vacation packages. The deal is also good news for Apollo Global Management, which held a stake in both companies.

Dollar General isn't giving up, raising its bid for Family Dollar to $9.1 billion. The company also said it would close several stores if the deal is struck, easing antitrust concerns. Family Dollar has already rejected Dollar General's earlier bid, saying it favors a $8.5 billion offer from Dollar Tree instead.

Company news

Home Depot is investigating a possible data breach as officials believe hackers may have stolen debit and credit card information from the home-improvement chain's customers.

It's the economy

U.S. home prices rose 7.4 percent in July compared to July 2013, according data provider CoreLogic. Prices only rose 1.2 percent when comparing July to the previous month.

President Barack Obama is again pushing for a higher minimum wage, telling a crowd of union workers in Milwaukee on Labor Day that a rise in wages would come at a perfect time because the economy's recovery from the Great Recession appears to be gaining speed.

When it comes to how Americans eat, the gap between the rich and poor can be measured by what's on their plates. A new study found that most Americans are eating healthier, a trend that has eluded the poor since healthy foods are often pricier.

Across the region

Atlantic City's Revel Casino has shut. The much-hyped resort was the newest casino on the strip, costing $2.4 billion to build, but is now one of four major casinos exiting the city.

Across the world

Uber has been blocked from operating in Germany after a high court in the European country ruled the ride-sharing company lacked specific permits needed to run a taxi business there. Taxi companies had earlier protested Uber's entry into the German market, though Uber said it would bring needed competition to the market.

Tech bites

Netflix wants you to connect with Facebook again, and as rolled out new recommendations options that would make sharing what you're watching on Facebook a much more controlled experience.

More news