US Business

Brazilian meatpacking giant JBS said it scrapped plans to buy the rest of the Colorado poultry company in a deal that had valued it at about $7 billion.

The SEC subpoenas more current and former executives, and a California agency seeks additional information on CEO Bobby Kotick and the board’s handling of workplace misconduct allegations.

Lawyers for the electric-car maker say the regulator hasn’t distributed a $40 million fine from a 2018 settlement to harmed shareholders.

The magazine giant attributes the feat to strong digital-revenue growth and cost savings from reorganizing its global operations, saying it generated nearly $2 billion in revenue last year.

Alta Fox Capital Management has nominated five directors to the toy company’s board, saying its stock has been trailing the broader market.

The food-delivery service’s results highlighted the industry’s resilience even as restaurants reopened across the U.S.

The activist investor made the assessment on a private call with hedge fund Third Point LLC investors, and there’s no sign he is pursuing an activist campaign on the e-commerce giant.

The company has enjoyed a strong period of revenue growth during the pandemic as videogame consumption increased and more individuals and businesses started using digital services that run on data centers

The Alphabet unit plans to continue support of the existing approach for at least two years as it follows Apple in challenging Facebook.

Allison Gollust and former CNN boss Jeff Zucker have said they failed to disclose a consensual romantic relationship to the company.