After Nike Inc. announced a disappointing forecast for the year ahead, news that sent the company’s shares tumbling, Chief Executive Officer Elliott Hill turned to his staff to air his frustration. Source link
Despite once being valued at $4 billion, the company that made sneakers from Merino wool struggled to capture a wide customer base and turn a profit. Source link
BURLINGTON, MASS. — Keurig Dr Pepper Inc. has completed its acquisition of 96.22% of the shares of JDE Peet’s, Amsterdam, The Netherlands, for approximately $18.4 billion. After an interim operating period, Keurig Dr Pepper plans to separate into two independent, US-listed publicly traded companies, creating a cold beverage-focused refreshment company and a global coffee company….
SpaceX, the Elon Musk-owned rocket company that merged earlier this year with his artificial intelligence company xAI, confidentially filed plans for an initial public offering Wednesday in what might be the largest of all time, according to multiple reports. The filing was reported by Bloomberg, the Wall Street Journal and Reuters, citing unnamed sources familiar…
KANSAS CITY — Product manufacturers are continuing to innovate in the bar aisle with high protein formulations and functional offerings. San Diego-based Perfect Snacks, for instance, expanded its Perfect Bar portfolio with the Protein + Prebiotics line. The refrigerated bars are formulated with quinoa and organic honey to offer 20 grams of protein and prebiotic…
Treasury Secretary Scott Bessent joins ‘Fox & Friends’ to discuss the gradual reopening of the Strait of Hormuz and unveils a new fraud crackdown program to expose scams in healthcare and other industries. JetBlue is raising baggage fees by $4–$9 for economy passengers, citing increasing jet fuel prices due to global oil supply shortages amid…
SpaceX is working with at least 21 banks on its blockbuster initial public offering, people familiar with the matter said on Tuesday, one of the largest underwriting syndicates assembled in recent years. Source link
New York — The world economy is being held hostage by the de facto closure of the Strait of Hormuz. Gasoline, jet fuel and diesel prices have skyrocketed. Stock markets have tumbled, and recession odds have climbed. After weeks of trying and failing to reopen the critical waterway off the coast of Iran, President Donald Trump…
ROCHESTER, NY. — Constellation Brands has entered into an agreement to acquire Hopwtr, a non-alcoholic beverage company, for an undisclosed sum. Founded in 2020, Hopwtr markets a line of sparkling water formulated with hops, adaptogens and nootropics. The products are aimed at consumers seeking a calorie-free beer-alternative with functional benefits, according to the company. “My…
The price of Brent crude oil to be delivered in May rose by a record 64% in March as the conflict disrupted energy supplies. Source link
