Krispy Kreme, the global hot glazed-doughnut purveyor founded in 1937 in Winston Salem, N.C., on the premise that "customers are the center of the doughnut," is being acquired by JAB Beech, a subsidiary of the Luxembourg-based JAB Holding Co., and minority investor BDT Capital Partners, for about $1.35 billion cash - the price you pay for a sugar-laden icon.
It was a marvelous opening weekend for Chris Evans' Captain America and cohorts indeed as "Civil War" - Robert Downey Jr.'s Ironman is the arch nemesis - scored the fifth highest domestic box office event with $181.8 million. Combined with receipts from its international release last week, the tentpole produced by Marvel Studios and distributed by Walt Disney Studios Motion Pictures, has already earned $678.4 million globally.
With studies showing a large increase in vaping among teens, the Food and Drug Administration yesterday announced a ban on the sale of e-cigarettes, cigars, pipe and hookah tobacco to anyone under 18 in a heavily footnoted, 499-page document that makes clear it has established a connection between their use and "illnesses and premature deaths." It also requires that e-cigarettes carry warnings that they contain nicotine.
In the yo-yo world of Weight Watchers International, up is good - at least when it comes to "subscriber" numbers. And when it got on the Q1 scales for analysts yesterday, it was able to show a global gain of 4.8%, fueled by an 11.2% increase in North America, year over year.
As stodgy as they may seem to the Millennial generation raised in their backseats, minivans may soon be riding on the cutting edge again, thanks to a deal Google has cut with Fiat Chrysler to develop about 100 self-driving Chrysler Pacifica Hybrids that will "more than double" its current test fleet of autonomous vehicles.
Aeropostale, which was born as a Macy's private-label brand for teens and has grown into more than 700 retail shops after it set out on its own, will file for Chapter 11 bankruptcy protection in the coming days and close more than 100 of its outlets before the May rent payments are due, the "Wall Street Journal" reports.
An Australian polymath, entrepreneur and IT executive who "Wired" and "Gizmodo" identified in December as the creator of Bitcoin, the peer-to-peer currency, said this morning that it was indeed he who was the fictional Satoshi Nakamoto. Still, doubters remain, with a subreddit post asking, "When will the media learn?"