Darden said it will acquire all the outstanding shares of Chuy’s for $37.50 per share. The price represents a 40% premium to Chuy’s 60-day volume […]
Category: Business
Deere Slashes Diversity Initiatives After Backlash From Conservative Activist
The move follows a similar retreat by Tractor Supply as more companies face criticism over DEI.
Petco Names Joel Anderson as CEO Following Exit From Five Below
San Diego-based pet food retailer said that interim CEO R. Michael Mohan would transition to a new role leading a board committee focused on value […]
EssilorLuxottica to Buy Streetwear Brand Supreme
EssilorLuxottica has agreed to buy the brand from Vans owner VF for $1.5 billion, a move aimed at helping the Ray-Ban maker expand beyond eyewear.
Daimler Truck Books China Impairment, Faces Profit Hit
Daimler Truck said it took a €120 million hit from a write-down of its China joint venture due to a persistently weak market and that […]
Allianz Grows in Asia With Singapore Buy
Allianz is buying a 51% stake in Singapore insurance company Income Insurance for $1.6 billion as it expands in the region.
Elon Musk Says He Will Move X and SpaceX Headquarters Out of California
Move follows a new California law affecting communications between schools and families over gay and transgender students.
Five Below CEO Joel Anderson Steps Down
Five Below replaced its longtime chief executive and cut its outlook for the second quarter as the discount retailer continues to grapple with slower consumer […]
A Hacking Case Boosted William Lewis’s Career. Now It Haunts Him.
The journalist-turned-media executive was hired by Jeff Bezos to turn around the Washington Post, but a past role at News Corp is casting a shadow.
Amazon’s Prime Day Is a ‘Major Cause of Injuries’ for Workers, Senate Probe Finds
The report also accused Amazon of prioritizing speed over safety, saying it pressured employees to work long hours and shirked some safety procedures.