US Business
Food Industry Pushes Back Against Harris’s ‘Price Gouging’ Plan
Companies reject claims that consumers are being bilked on prices. Still, says one executive, “We understand why there is this sticker shock.”
Month: August 2024
US Business
Edgar Bronfman Submits $4.3 Billion Bid for Redstone’s National Amusements, Paramount Stake
Bronfman is looking to scuttle a previous agreement to merge Paramount with David Ellison’s Skydance Media.
Education
Freeman Health Center Gives $1 Million to Missouri Southern State University’s Roy Blunt Health Science Innovation Center
(Joplin, MO) – Freeman Health System has given $1 million to support Missouri Southern State University’s new Roy Blunt Health Science Innovation Center, providing significant investment in a facility being created to educate the region’s […]
US Business
Mike Lynch: The ‘British Bill Gates’ Who Loathed Silicon Valley
The software company founder who was recently cleared of fraud accusations is missing after a storm capsized the yacht he was on.
US Business
Eli Lilly Says Weight-Loss Drug Sharply Reduces Diabetes Progression
Eli Lilly said preliminary data from a late-stage study showed its weight-loss drug significantly reduced the risk of progression to type 2 diabetes among adults with prediabetes and obesity or overweight.
US Business
XPeng Loss Narrows on Higher Sales
XPeng’s second-quarter net loss narrowed on stronger sales, higher revenue from its collaboration with Volkswagen and improved margins.
US Business
SEC Accuses Carl Icahn of Concealing Stock Pledges
Activist investor Icahn agrees to pay $500,000 and his company will pay $1.5 million, without admitting or denying SEC findings.
US Business
7-Eleven Parent Gets Takeover Offer From Circle K Owner
Seven & i received the acquisition offer from Alimentation Couche-Tard following pressure on activist shareholders to improve the Japanese company’s profitability.
US Business
Estée Lauder’s Longtime CEO Fabrizio Freda to Retire
Fabrizio Freda will retire next year and the beauty company says its board is searching for its next leader.
US Business
GM Is Cutting More Than 1,000 Employees Globally
The move affects the company’s software and services division.