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Pizza Hut: From $600 loan to 20,000 stores and the new $2.7 billion twist for the global empirePizza Hut, a nearly 70-year-old American icon, has been split in a $2.7 billion deal. Yum Brands is selling its international business outs...- Struggling Pizza Hut restaurant chain will be sold for $2.7 billionPizza Hut is set to be sold for $2.7 billion by its parent company Yum Brands. Private equity firm LongRange Capital will acquire the chain...
- Lululemon CEO Calvin McDonald to step down amid languishing sales in the USLululemon CEO Calvin McDonald will step down January 31 amid disappointing sales, with the company's board conducting a search for his succ...
- Tariffs push U.S. stores to cut Black Friday deals as holiday costs riseMany U.S. businesses are finding holiday planning hard because tariffs and higher costs are changing their Black Friday plans. Some stores ...
- Amazon layoffs: Online retail giant reduces corporate job cuts to 14,000? Here is the truthAmazon teams and individuals impacted by the job cuts will be notified on Tuesday. Most workers will be given 90 days to look for a new pos...
- Nike shares soar 15% on its production shift away from China, but warns of a $1 billion tariff hitNike's shares jumped at the opening bell Friday after the company said it's shifting some production away from China. But it also warned th...
- Dollar Tree to sell struggling Family Dollar for $1 billionThe deal, which is expected to close next quarter, marks a disappointing end to Dollar Tree's bid to establish itself as a discount giant, ...
- How Donald Trump’s 25 per cent tariffs on the EU could affect AmericansDonald Trump announced that the United States will impose 25 per cent tariffs on goods imported from the European Union, escalating trade t...
- Mars to acquire Pringles maker Kellanova for nearly $36 bnM&M's and Snickers maker Mars said Wednesday that it would acquire snack food business Kellanova, marking a multibillion dollar agreement s...
- Walmart profits rise on strong sales from wealthier shoppersWalmart reported higher profits Thursday behind solid gains at US stores as the retail giant pointed to increased purchases by wealthier sh...
- Amazon triples quarterly profit as cloud surgesEcommerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled as its cloud, ads, and retail businesses thrived. "...
- Airbnb to pay $621 million to settle tax case in ItalyItaly's financial police seized over 779 million euros from the company last month on the order of Milan prosecutors, who accused the site ...
- Home Depot says sales went up by 6% year on year in Q3. See detailsHome Depot has shared its third-quarter’s financial report. In it, the American home improvement retailing company has made several revelat...
- Amazon reviewing unprofitable business units; may cut jobs: reportFollowing a months-long review, Amazon has told employees in some unprofitable units to look for jobs elsewhere in the company, while movin...
- Peloton to cut about 12% of workforce in a move to 'save' companyThe company's latest move to lay off 500 global jobs also marks its final step of restructuring, which began under the watch of Barry McCar...
- Amazon to shut virtual health care service Amazon CareAmazon Care was launched in 2019 for Seattle-based Amazon's Washington state employees, who served as trial users before the company made i...
- Amazon posts 2Q loss but revenue tops estimates, stock jumpsAmazon lost USD 2.03 billion, or 20 cents per share, in the three-month period ended June 30, driven by a USD 3.9 billion write-down of the...
- Amazon shuttering its physical bookstores and four-star shopsAmazon said that the move, which affects 66 stores in the US and two in the United Kingdom, will enable it to concentrate its efforts on Am...
- Amazon says bye-bye to physical bookstores, shuts shops to expand grocery chain in the USAmazon opened its first brick-and-mortar bookstore in 2015.
- ONGC’s $1.7 billion deep sea award perks up oilfield services marketONGC expects to start producing gas by December 2019 and oil by March 2021. Total peak gas production rate is projected at 16 million cubic...
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