One of the world’s biggest crop traders has halted loading of grain vessels at U.S. Gulf terminals as the region’s worst snowstorm in 130 years slams the region.
January 22, 2025Search
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Walgreens Shares Soar 28% After Sales Beat Forecasts
Revenue came to $39 billion for the fiscal quarter ended in November, driven by higher prices for branded drugs and prescription volumes at the company’s U.S. retail pharmacy division.
January 10, 2025Value-Seekers Drove 2024's Retail Trends and Dead Ends
Value was in vogue in 2024. Shoppers and restaurant patrons in the U.S. were choosy about where and how to spend their money as they wrestled with high housing and food prices.
December 30, 2024Walmart Stock Soars 82% in 2024, Leading Retail Industry
Analysts are betting that further market-share gains and increased profit contributions from Walmart’s higher-margin ancillary businesses will extend the stock’s rally.
December 18, 2024Mondelez Approves $9 Billion Buyback After Hershey Report
Mondelez International approved a stock repurchase authorization of as much as $9 billion, days after a report that the company was exploring an acquisition of chocolate maker Hershey.
December 11, 2024Kroger’s $24.6 Billion Albertsons Deal Blocked by Judge
A judge blocked Kroger's $24.6 billion acquisition of Albertsons Cos., finding the takeover would lessen competition for grocery shoppers in a ruling that marks a likely death knell for the deal.
December 10, 2024Mondelez’s Takeover of Hershey Would Rank as Top 2024 Deal
Snack-food giant Mondelez International’s potential takeover of chocolate maker Hershey Co. would rank as the year’s top M&A deal.
December 10, 2024Tyson to Shut Kansas Plant as US Beef Shortage Erodes Profit
Tyson Foods will shut a meat plant in Kansas next year, eliminating 809 jobs, as the company seeks to slash costs amid a downturn in the beef industry.
December 2, 2024Quikrete Secures $9.2 Billion for Summit Materials Deal
The package is among the largest seen since 2022, when the Federal Reserve began lifting interest rates, ending the easy-money era.
November 25, 2024Walmart Outshines Rivals With High Employee Bonuses
Walmart Inc.’s corporate employee bonuses are set to surpass targets again this year as the company’s stock soars and sales outperform its retail rivals.
November 22, 2024