PepsiCo Faces Pressure to Deliver Growth as GLP-1 Threat Intensifies
PepsiCo is running out of time to deliver the growth and margin improvements promised after activist investor Elliott Investment Management took a roughly $4 billion stake in the company a year ago. The company’s...
US Securities Industry Profits Surge to $45.9 Billion in First Half of 2026
Profits across the US securities industry reached $45.9 billion in the first half of 2026, putting Wall Street on track to set a new annual record, according to a report released by New York...
Hormel Foods to Acquire Brakebush Brothers for $1.06 Billion
Hormel Foods said on Wednesday it will acquire family-owned chicken company Brakebush Brothers in a deal valued at $1.06 billion, as the food manufacturer seeks to strengthen its presence in the growing value-added chicken...
UPS Signs Exclusive TikTok Shop Returns Deal
UPS has signed an exclusive deal with TikTok Shop to provide no-box, no-label returns for US sellers on the fast-growing e-commerce platform, as the parcel delivery company expands its higher-margin reverse logistics business. The...
Oracle Cites Force Majeure to Shield Against Data Centre Cost Risks
Oracle is seeking to protect itself from potential cost increases linked to a major data centre project in New Mexico by issuing a “force majeure” notice to developer Blue Owl, Bloomberg News reported on...
MGM Resorts Shares Plunge 10% as Barry Diller Withdraws $18 Billion Buyout Bid
Shares of MGM Resorts International plunged 10% on Thursday after media mogul Barry Diller’s People Inc withdrew its more than $18 billion proposal to acquire the casino operator. MGM shares fell to $33.90, their...
Apple Extends Patent Licensing Agreement with Qualcomm
Qualcomm announced on Thursday that Apple has extended its patent-licensing agreement with the chip designer, even as the iPhone maker continues efforts to reduce its reliance on Qualcomm’s modem chips. The company did not...
Starbucks to Close 250 Underperforming Coffeehouses in North America
Starbucks plans to close 250 underperforming coffeehouses across North America as CEO Brian Niccol intensifies efforts to revive sales and strengthen the company’s business. According to a regulatory filing on Thursday, the closures will...
Royal Caribbean to Acquire 50% Stake in Sandals Resorts for $3 Billion
Royal Caribbean Group has agreed to acquire a 50% stake in Caribbean resort operator Sandals Resorts International for $3 billion, expanding its presence in land-based vacation experiences. The deal aligns with the cruise company’s...
McDonald’s Unveils $8.5 Billion Franchisee Support Plan to Revive Growth
McDonald’s on Wednesday announced an $8.5 billion franchisee support plan as part of its expanded growth strategy, NEXT, aimed at reviving momentum after several quarters of slower performance. Launched in June, the strategy focuses...