FinanceMar 30
Sysco to Acquire Restaurant Depot for $29 Billion in Major Food Distribution Deal
Food service distributor Sysco announced plans to purchase Restaurant Depot for $29 billion to expand into cash-and-carry operations.
6 sources
FinanceApr 2
Retail Sales Rise 0.6% in February as Iran War Drives Gas Prices Higher
U.S. retail sales increased 0.6% in February after January decline, but economists warn rising gas prices from Iran war could hurt future consumer spending.
5 sources
FinanceApr 24
Private Equity and Hedge Fund Activity Highlights Market Developments
Several major investment firms made significant moves including sports investments, fund closures, and corporate warnings.
5 sources
FinanceMar 11
Chevron, Shell Near First Major Venezuela Oil Deals Since US Sanctions Relief
Energy companies Chevron and Shell are reportedly close to securing significant oil production agreements in Venezuela following recent changes in US sanctions policy.
6 sources
FinanceMay 8
Financial Markets Surge as U.S. Approaches 250th Anniversary Amid Economic Concerns
Stock markets continue strong performance while economists and political observers debate national debt levels and political divisions ahead of America's 250th birthday.
3 sources
FinanceJun 2
Nine States Continue to Charge Taxes on Grocery Purchases
While most U.S. states have eliminated taxes on grocery purchases, nine jurisdictions still impose these levies on food items.
2 sources
FinanceMay 6
Delta Air Lines Eliminates Food and Beverage Service on Flights Under 350 Miles
Delta will stop providing complimentary snacks and drinks on short domestic flights while adding service to longer routes.
5 sources
FinanceMar 11
NYC Comptroller Warns of $6B Budget Deficit Despite Potential State Aid
City Comptroller Mark Levine says New York City faces a $6 billion budget shortfall requiring spending cuts even with potential Albany assistance.
6 sources
FinanceMay 18
Anglo American Sells Coal Assets to Dhilmar for Up to $3.875 Billion
Anglo American completed sale of steelmaking coal operations to Dhilmar, exiting the coal business after previous Peabody deal fell through.
2 sources
FinanceMay 18
Indonesian Rupiah Falls to Record Low as Markets Reopen
Indonesia's currency hit a new record low against the dollar as financial markets reopened, with oil prices cited as a contributing factor.
2 sources
FinanceMar 6
Oil and Gas Prices Rise as Markets React to Reported US Hormuz Escort Plan
Energy markets showed gains as traders assessed reports of a potential US military escort plan for the Strait of Hormuz.
10 sources
FinanceMar 6
FBI Reports Network Security Incident, Arrests Contractor in Cryptocurrency Theft Case
The FBI disclosed suspicious cyber activities on its networks while announcing the arrest of a contractor accused of stealing $46 million in cryptocurrency.
7 sources
FinanceMay 18
Japan to Announce Supplementary Budget Including Fresh Debt Financing
Japan plans to announce an extra budget that will be partially funded through new government debt issuance.
2 sources
FinanceApr 29
Three Major Corporate Leadership Changes Signal Shifting Business Landscape
Leadership changes at Lululemon, China's financial regulator, and PayPal highlight ongoing corporate governance and strategic shifts across sectors.
3 sources
FinanceApr 11
Rising Vehicle Costs Strain American Car Buyers as Average New Car Price Nears $50,000
New vehicle prices have reached nearly $50,000 on average, forcing consumers to extend loan terms and reduce spending in other areas amid broader inflation concerns.
4 sources
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