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
SoftBank’s $40B OpenAI Bet Breaks Startup Records
Massive investment eclipses all previous private funding rounds SoftBank has committed up to $40 billion in financing to OpenAI, marking the largest startup investment in history. The figure dwarfs all previous venture
GM Reports 17% Surge in Q1 U.S. Vehicle Sales
Automaker sees growth across all brands, EV sales nearly double General Motors announced a robust 17% increase in U.S. sales for the first quarter, with all four of its brands—Chevrolet, Cadillac, GMC,
Huawei Sees 28% Profit Drop Amid Record R&D Spending
Revenue grows at fastest pace in five years, boosted by consumer tech Huawei Technologies reported a 28% fall in net profit for 2024, totaling 62.6 billion yuan ($8.63 billion), as the Chinese
Ferrari to Raise U.S. Prices by 10% Amid Tariffs
Price hikes on select models Ferrari said Thursday it will raise prices by 10% on certain models after April 1 in response to new U.S. auto tariffs, adding up to $50,000 to
British Steel Blast Furnaces Face Closure by June
Thousands of Jobs at Risk Amid Tariffs and Environmental Pressures China-owned British Steel said it could shutter its two blast furnaces in Scunthorpe as soon as June, potentially putting up to 2,700
UBS Offers Concessions to Avoid Tougher Swiss Rules
UBS Seeks Compromise on Regulation Two years after acquiring Credit Suisse, UBS is trying to preempt stricter regulatory measures by offering to limit its investment banking division and increase capital holdings, according
Hyundai to Build $5.8B U.S. Steel Plant in Louisiana
Massive investment aims to sidestep Trump tariffs, but investor doubts linger Hyundai Steel and its parent, Hyundai Motor Group, announced plans to build a $5.8 billion steel plant in Louisiana, aiming to
Berkshire Employee Wins Buffett’s $1M Bracket Challenge
FlightSafety staffer nails 31 first-round picks to claim prize For the first time since Warren Buffett launched his $1 million NCAA bracket contest nearly a decade ago, a Berkshire Hathaway employee has
BYD Q4 Profit Soars 73% on EV Price War Gains
Chinese EV Giant Sets Record as It Tops Volkswagen in Sales Chinese electric vehicle leader BYD reported a record fourth-quarter net profit of 15 billion yuan ($2.1 billion), a 73.1% increase over
23andMe Files for Bankruptcy Amid Privacy Concerns
Company Seeks Buyer as Customers Worry Over Genetic Data Genetic testing firm 23andMe has filed for Chapter 11 bankruptcy, triggering alarm over the fate of genetic and personal data from its more