McCormick Strikes $45 Billion Unilever Foods Deal
McCormick has agreed to buy most of Unilever’s food business in a transaction that values the unit at nearly $45 billion, marking one of the biggest reshaping moves in the packaged food
JetBlue Raises Bag Fees as Fuel Costs Jump
JetBlue Airways is increasing checked baggage fees as fuel prices surge in the wake of the war involving Iran, adding another sign that higher energy costs are beginning to reach U.S. travelers
Netflix Lifts Prices Across All Plans
Streaming leader raises monthly rates again Netflix has increased prices across its U.S. subscription lineup, pushing monthly costs higher for every main plan as the company leans on pricing power to support
JetZero Picks North Carolina for Z4 Jet Factory
JetZero Inc. announced plans to build its first manufacturing facility for the next-generation Z4 passenger jet in Greensboro, North Carolina. This ambitious project, estimated at $4.7 billion, aims to create more than
Adobe Faces Investor Doubts Over AI Monetization
Adobe’s stock fell 7% in early trading on Friday as investor concerns grew over the pace at which its AI initiatives will generate returns. Despite raising its full-year revenue forecast, skepticism about
AMD Unveils Next-Gen MI400 AI Chips, Competing with Nvidia
AMD’s New Chips and AI Strategy Advanced Micro Devices (AMD) announced details of its next-generation AI chips, the Instinct MI400 series, which will be available in 2025. These chips will be assembled
Marelli Files for Chapter 11 Bankruptcy Protection
Marelli Seeks Restructuring with $1.1 Billion Financing Marelli Corp, a major supplier to Nissan, filed for Chapter 11 bankruptcy protection in the United States on Wednesday. The move follows months of uncertainty
Starbucks to Speed Up Rollout of New Staffing Model
Starbucks CEO Accelerates Green Apron Model Rollout Starbucks CEO Brian Niccol announced plans to accelerate the rollout of the company’s new staffing and service model, the Green Apron, aiming to implement it
Sony Layoffs at Bend Studio After Live Service Concept Canceled
Workforce Reduction Follows the Cancellation of Live Service Concept Sony’s Bend Studio, known for its first-party games, has laid off a significant portion of its workforce following the cancellation of a live
Competition Heats Up Among China’s Leading EV Makers
Dispute Between BYD and Great Wall Motor Escalates Fierce competition among China’s top electric vehicle (EV) manufacturers has intensified with a growing dispute between BYD and Great Wall Motor over emissions compliance.
Amazon’s $20 Billion Investment in Pennsylvania Data Centers
Overview of Amazon’s Data Center Expansion Amazon announced on Monday that it will invest $20 billion in the development of two data center complexes in Pennsylvania. This marks a significant move by
OpenAI Hits $10 Billion in Annual Revenue Amid Rapid Growth
Overview of OpenAI’s Revenue Growth OpenAI has reached an impressive milestone, achieving $10 billion in annual recurring revenue (ARR) in less than three years since the launch of its widely popular ChatGPT
Robinhood Shares Fall After S&P 500 Snub
Robinhood’s shares sold off on Monday after the online brokerage was left out of the latest quarterly rebalance of the S&P 500, disappointing many investors who had speculated that it could be