PepsiCo said Feb. 4 that high prices and changing consumer tastes have weakened U.S. demand for its snacks and drinks but it鈥檚 confident it can turn that around in the coming year.
February 5, 2025Private
Inflation, Pivot to Healthier Snacks Weigh on PepsiCo in Q4
Amazon to Face Legal Action After Layoffs in Quebec
Amazon.com Inc.鈥檚 decision to close all seven of its warehouses in the Canadian province of Quebec and terminate more than 1,900 workers is prompting legal action from the affected union.
February 4, 2025ADM Plans to Cut Up to 700 Jobs
Archer-Daniels-Midland Co. said it will reduce its workforce as the company expects profits to decline for a third straight year.
February 4, 2025Sysco Profit Dips as Avian Flu-Induced Inflation Bites
Cost growth outpaced sales wins due to inflation, particularly across the dairy and poultry sectors, and the carrier added that further price increases were on the way.
February 3, 2025Costco Raises Pay for Top Hourly Workers to Over $30 an Hour
The company will raise hourly pay for employees at the top of its pay scale over the next three years, CEO Ron Vachris wrote in a memo to staff this week that was viewed by Bloomberg News.
January 31, 2025Cargill Cutting 1,100 Jobs With Arkansas Plant Closure
Cargill Inc. will shutter a turkey-processing plant in Arkansas, cutting about 1,100 jobs amid a downturn in both turkey and the broader agricultural sector.
January 29, 2025QXO鈥檚 Hostile Bid for Beacon Roofing Fuels M&A Optimism
M&A specialists are eyeing a robust list of U.S. takeover candidates, with a buoyant economy, strong buyer appetite and a potentially looser regulatory regime seen driving more deals.
January 29, 2025Beacon Adopts Poison Pill to Defend Against Hostile QXO Bid
Beacon Roofing Supply Inc. has adopted a poison pill defense as the building products company pushes back against a hostile takeover approach from QXO Inc.
January 28, 2025Whole Foods CEO Buechel Named Amazon鈥檚 Grocery Chief
Buechel, a former management consultant, joined Whole Foods in 2013, and led efforts to unify the formerly decentralized chain鈥檚 technology and record-keeping systems.
January 28, 2025Beacon Roofing Solicits Bids to Fend Off Brad Jacobs' QXO
Beacon Roofing Supply has started soliciting interest from potential buyers as it looks to fend off an $11 billion takeover bid from rival QXO Inc., people familiar with the matter said.
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