1. Macy’s Shares Jump Over 17% After Activist Investor Pushes For Online Spinoff

    Macy’s Shares Jump Over 17% After Activist Investor Pushes For Online Spinoff

    Shares of Macy’s climbed 17.5% on Monday thanks to optimism around an activist investor who is reportedly pushing the retailer to spin off its growing online business--much like Saks Fifth Avenue, which is looking to IPO its e-commerce unit at a $6 billion valuation...

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