Mondelez, which would not sweeten its takeover bid enough to suit Hershey's taste, now may find itself turning into a tasty treat for another super-sized food company such as Kraft Heinz or PepsiCo, some observers say. Hershey, meanwhile, saw its share price plummet 11% in late trading Tuesday, a day after Mondelez announced that it was dropping its bid. It had risen recently on speculation that Mondelez would prevail.
Scott Kirby had no sooner departed as president of American Airlines yesterday - with $13 million in severance pay in his pocket - than he arrived at United Airlines with the same, newly minted title and responsibility for operations, marketing, sales, alliances, network planning and revenue management.
On a repeat of a "Prairie Home Companion" show out of Seattle on WNYC Saturday, host Garrison Keillor quipped that you could buy just about anything on Amazon.com except "mortuary services ... yet." He might have also said "automobiles," although the Seattle-based online retailer came a lot closer to that with its announcement Thursday of Amazon Vehicles.
Volkswagen and its 650 U.S. dealers announced they had reached a settlement at a hearing in federal court in San Francisco yesterday without disclosing the amount. Sources told several media outlets it comes to to $1.2 billion.
It's been years in the making but the controversy swirling around Mylan's jacking up the price of its auto-injector EpiPen, which can be a life-saving intervention for children suffering from severe allergic reactions, is gathering multiple angles and increasing force as the week goes on.
Best Buy yesterday offered up 2Q 2017 results that surprised analysts not only with positive same-store sales growth - up 0.8% in the U.S. - but also demonstrated that "free" two-day free shipping, a streamlined checkout system and price-matching can be an effective competitive play online.
The Committee on Foreign Investment in the United States (CFIUS), the high-level national security panel out of the Treasury Dept., has given the go-ahead to China National Chemical Corp.'s (ChemChina) $43 billion purchase of the Swiss seed-and-pesticide firm Syngenta.
Pfizer announced early Monday that it had agreed on a $14-billion deal to acquire San Francisco-based Medivation, a biotech firm specializing in oncology, beating out a handful of rivals who have also expressed interest.
Nowadays the distant future has a way of becoming tomorrow or the next day almost as quickly as you can hail a self-driving Uber - which is precisely what you'll be able to do in downtown Pittsburgh by the end of this month if all goes the way Uber CEO Travis Kalanick says it will.
AT&T announced new rate plans yesterday that eliminate surcharges for exceeding data limits in favor of slowing speeds down to a level where users really won't want to try viewing those new Pinterest Promoted Video ads. On the plus side, they won't be fretting about an extra $20 charge for exceeding 300 MB of data on its cheapest plan.