Business - Page 23

The latest updates and key developments from the business world.

March 6, 2026

Six Flags to sell seven parks to EPR for $331 million

Portfolio reshuffle targets higher-return properties Six Flags Entertainment said Thursday it will sell seven amusement parks in the United States and Canada to real estate owner EPR Properties for about $331 million,

February 26, 2026

Ford Recalls 412,000 Explorer SUVs in U.S.

Rear Suspension Defect Prompts Major Recall Ford Motor Company is recalling 412,774 Explorer SUVs in the United States after identifying a potential fracture in the rear toe link that could result in

February 26, 2026

Stellantis Posts Record Loss Amid EV Reset

Massive Write-Downs Drive Annual Deficit Stellantis reported its first-ever annual net loss on Thursday, posting a deficit of 22.3 billion euros ($26.3 billion) for full-year 2025, compared with a profit of 5.5

23andMe Files for Bankruptcy Amid Privacy Concerns

by Jamie Spencer

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

March 24, 2025

JPMorgan Rebrands DEI Program Amid Policy Shifts

by Jamie Spencer

From “Equity” to “Opportunity” JPMorgan Chase (JPM.N) is making significant changes to its Diversity, Equity, and Inclusion (DEI) initiatives, including a rebranding to Diversity, Opportunity, and Inclusion (DOI). Chief Operating Officer Jenn

March 21, 2025

SoftBank to Acquire Ampere Computing for $6.5 Billion

by Jamie Spencer

Deal Expands AI and Semiconductor Investments SoftBank Group announced on Wednesday that it will acquire Ampere Computing, a semiconductor startup specializing in Arm-based server chips, for $6.5 billion. The Japanese conglomerate expects

March 20, 2025

Nike Faces Challenges as Tariffs and Weak Spending Cloud Earnings

by Jamie Spencer

Analysts Expect Modest Q3 Results Nike is set to report its fiscal third-quarter earnings after the market close on Thursday. As the world’s largest sneaker company navigates economic uncertainty, analysts have lowered

March 20, 2025

Ben & Jerry’s Sues Unilever Over CEO Removal and Censorship

by Jamie Spencer

Escalating Dispute Between Ice Cream Brand and Parent Company Ben & Jerry’s has filed a new lawsuit against Unilever, accusing the conglomerate of unlawfully removing its CEO and censoring its social media

March 19, 2025

Boeing Shares Surge as Japan Airlines Expands 737-8 Order

by Jamie Spencer

Japan Airlines Adds 17 More Boeing 737-8 Jets Boeing (BA) stock surged on Wednesday, leading S&P 500 gainers after Japan Airlines announced an additional order of 17 Boeing 737-8 aircraft. This follows

March 19, 2025

Samsung Halts Investment in Mexico Amid Tariff Concerns

by Jamie Spencer

Samsung Cancels Expansion Plans Over Economic Uncertainty Samsung has decided to suspend future investments in Mexico due to growing economic uncertainty fueled by President Donald Trump’s proposed tariffs, according to multiple media

March 19, 2025

PepsiCo Acquires Prebiotic Soda Brand Poppi for $2 Billion

by Jamie Spencer

PepsiCo announced Monday that it is acquiring prebiotic soda brand Poppi for nearly $2 billion, as it moves to capitalize on the growing demand for functional beverages. While overall soda consumption has

March 17, 2025

Forever 21 Files for Bankruptcy Again, Blames Shein & Temu

by Jamie Spencer

Fast-fashion retailer Forever 21 has filed for bankruptcy protection for the second time in six years, citing competition from Shein and Temu as key factors in its collapse. The company’s U.S. operations

March 17, 2025

FTC Says Amazon Trial Will Proceed as Planned

by Jamie Spencer

The U.S. Federal Trade Commission (FTC) confirmed Wednesday that it does not need to delay its September trial against Amazon (AMZN.O), reversing an earlier claim that resource shortfalls due to government cost-cutting

March 14, 2025

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