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
Mediobanca Launches €6.3 Billion Bid for Banca Generali
In a bold move amidst ongoing tensions in the Italian finance sector, Mediobanca (MDBI.MI) has placed a €6.3 billion ($7 billion) bid to acquire wealth manager Banca Generali (BGN.MI). This deal, which
Erste Group Bank in Talks with Santander Over $8 Billion Deal
Introduction Austrian lender Erste Group Bank (ERST.VI) is in discussions with Spain’s Banco Santander (SAN.MC) regarding a potential deal to acquire a 49% stake in Santander’s Polish unit, a transaction that could
Intel Faces Challenges Amid Trade Wars and AI Competition
Intel, once a towering force in the semiconductor world, finds itself grappling with a significant decline in market value. From a $500 billion market cap in 2000, the chipmaker is now worth
Hasbro Surges on Strong Earnings and Disney Deal Extension
Hasbro (HAS) saw its shares soar on Thursday after posting stronger-than-expected results for the first quarter and announcing an extension of its lucrative licensing agreement with Disney (DIS). Strong Q1 Performance The
PepsiCo Faces Challenges Amid Volatile Global Trade Conditions
PepsiCo, the global food and beverage giant, reported mixed quarterly results on Thursday, as international sales helped offset weaker demand in North America. Despite posting higher-than-expected revenue, the company lowered its forecast
AT&T Beats Estimates for Wireless Subscriber Additions
AT&T (T.N) exceeded Wall Street estimates for wireless subscriber additions in the first quarter, with strong demand for its bundled high-speed fiber services and 5G mobile offerings driving growth. The company gained
EU Fines Apple and Meta €700 Million for Digital Law Breaches
The European Union has imposed a combined fine of €700 million ($797 million) on Apple and Meta in the first enforcement of its landmark Digital Markets Act (DMA). The penalties come amidst
Boeing Sells Jeppesen for $10.55 Billion to Thoma Bravo
Boeing announced on Tuesday that it will sell parts of its Digital Aviation Solutions business, including the navigation unit Jeppesen, to private equity firm Thoma Bravo for $10.55 billion. This sale is
Chobani to Build $1.2 Billion Facility in Rome
Greek yogurt producer Chobani has selected the City of Rome as the site for its new 1.4 million square-foot manufacturing facility, a project expected to bring 1,000 new jobs to the region.
Roche to Invest $50 Billion in U.S. Amid Tariff Uncertainty
Roche announced on Tuesday that it will invest $50 billion in the United States over the next five years, a move expected to create more than 12,000 new jobs. This significant investment