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Business, Private, Top 100

Inflation, Pivot to Healthier Snacks Weigh on PepsiCo in Q4

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, 2025
Government, Business, Logistics, Private, Global Freight

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, 2025
Business, Fuel, Private

ADM 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, 2025
Business, Safety, Private, Top 100

Sysco 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, 2025
Business, Private, Top 100

Costco 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, 2025
Business, Private, Top 100

Cargill 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, 2025
Business, Equipment, Logistics, Private, Top 100

QXO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, 2025
Business, Private, Top 100

Beacon 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, 2025
Business, Technology, Logistics, Private, Global Freight, Top 100

Whole 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, 2025
Business, Equipment, Private, Top 100

Beacon 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.

January 24, 2025