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Business

Century-old American cereal giant Kellogg is turning Italian, selling to Ferrero for $3.1 billion

Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old U.S. cereal company WK Kellogg in an effort…

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Nutella-maker Ferrero to buy Kellogg for $3.1 billion : NPR

The Italian candy company Ferrero plans to buy the American cereal maker Kellogg for $3.1 billion, the companies announced Thursday.…

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Business

Inside Home Depot’s $4.3 billion pivot toward the professional trade

Good morning. The retail landscape is littered with failed M&A deals. Lowe’s spent years pursuing Canadian retailer Rona to get…

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Business

CoreWeave’s $9 billion acquisition of Core Scientific provides an AI road map for struggling Bitcoin miners

In March, the AI data center company CoreWeave went public, and its share price quadrupled amid the broader artificial intelligence…

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Food & Drink

Americans Spend $78 Billion on Tips Every Year, According to a New Report

In 2023, Americans spent $77.6 billion on tips, according to a LendingTree analysis based on USDA data on out-of-home food…

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Purdue Pharma, Sacklers reach new $7.4 billion opioid settlement : NPR

Grace Bisch hold a picture of stepson Eddie Bisch who died as a result of an overdose on outside of…

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Business

White House report suggests Trump’s crypto empire could be worth nearly $1 billion

On the campaign trail last year, then-candidate Donald Trump promised the crypto industry that he would become the first president…

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Business

OpenAI plans to continue working with Scale AI despite rival Meta’s $14.3 billion deal with the company, OpenAI’s CFO says

Despite Meta’s $14.3 billion investment in Scale AI that is shaking up the AI landscape, OpenAI plans to keep working…

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Business

The heiress of $10 billion Perdue farms and the $12 billion Sheraton hotel empire wore hand-me-downs, still rides the subway, and flies economy

Mitzi Perdue, the double-heiress of Sheraton hotels and Perdue farms, grew up wearing hand-me-downs and getting a public education. She’s…

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Business

Self-made billionaire college dropout Alexandr Wang signs $14.3 billion deal to bolster Meta’s AI efforts: ‘There’s a huge premium to naivete’

Alexandr Wang, once the youngest self-made billionaire in the world, has agreed to join Meta to work on AI “superintelligence,”…

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