Restaurant Brands International (RBI), the owner of fast-food restaurant chain Burger King, has completed the $1bn acquisition of Carrols Restaurant Group, the largest Burger King franchisees in the US. Carrols operated 1,023 Burger King restaurants across 23 states in the US. It contributed $1.8bn in sales for the 12 months ending 30 September 2023. In […]
In this video, I will talk about Rivian‘s (NASDAQ: RIVN) recent earnings reports and explain what investors should look for in the coming quarters. *Stock prices used were from the trading day of May 7, 2024. The video was published on May 7, 2024. Should you invest $1,000 in Rivian Automotive right now? Before you […]
A special committee of Paramount’s board of directors decided over the weekend to formally open negotiations with Sony Pictures Entertainment and private equity group Apollo Global Management, an individual with knowledge told TheWrap. The decision follows an exclusive negotiation period between Paramount and Skydance ending Friday with no deal made. A spokesperson for the special […]
The US Federal Trade Commission (FTC) has given conditional approval to ExxonMobil’s nearly $60bn acquisition of Pioneer Natural Resources. As per the terms of the approval, Pioneer’s co-founder and former CEO Scott Sheffield will be barred from joining Exxon’s board due to allegations of attempted collusion with the Organization of Petroleum Exporting Countries (OPEC). The […]
The Dow Jones Industrial Average saw early gains fade while Verizon Communications (VZ) tumbled. Elon Musk spoke out as more Tesla (TSLA) price cuts emerged. Nvidia (NVDA) and Amazon.com (AMZN) made gains on the stock market today as bitcoin miner Riot Platforms (RIOT) spiked following a bullish Wall Street call. X Church & Dwight (CHD) […]
Johnson & Johnson (NYSE: JNJ) has focused more on growth initiatives since spinning off its consumer healthcare business into what is now Kenvue. In 2022, it made a big move with the acquisition of heart pump maker Abiomed for a whopping $16.6 billion. And recently, J&J announced yet another major deal: It is acquiring Shockwave […]
BUDAPEST (Reuters) – The acquisition of Budapest Airport could conclude “within days”, Prime Minister Viktor Orban said in parliament on Monday, signalling an end to months of negotiations with majority owner AviAlliance. Since Orban took power in 2010, his government has boosted Hungarian ownership in energy, banking, telecoms and the media, and has been planning […]
Monday, Smart for Life, Inc (NASDAQ:SMFL) announced that it has executed a definitive agreement to acquire Purely Optimal Nutrition, a premier eCommerce nutraceuticals company with operations in North America. A.J. Cervantes, Jr., Smart for Life’s founder and Chairman, stated, “As part of our synergistic M&A approach, the resources provided by Smart for Life will enable Purely Optimal to […]
NextEra Energy Partners (NYSE: NEP) is showing up on high-yield screens today thanks to its huge 12%+ distribution yield. This wasn’t always the situation, noting that the yield was closer to 4% at the end of 2022. The steep unit price decline that pushed the yield higher is worth examining, but the potential fallout from […]
Editor’s note: City Hall Insider is a roundup of items the Austin City Council is set to vote on other local government news and an inside look at my reporting process. This story will be updated after the Austin City Council votes. Y’all, there has been A LOT going on at city hall these past few weeks […]
What you need to know Apple has apparently acquired Ontario-based startup DarwinAI, indicating its entry into the generative AI race. DarwinAI specializes in AI for visual inspection of manufacturing components and has developed technology for making AI systems smaller and faster. The purpose behind Apple’s acquisition of DarwinAI remains unclear, but it could lead to […]
Following a highly anticipated bid by Adobe Inc. (NASDAQ:ADBE) to acquire Figma, hopes were high for a union that promised digital innovations and creative workflows. However, the deal hit a roadblock as regulatory approvals from the European Commission and the UK Competition and Markets Authority proved elusive because of antitrust laws. The failed acquisition, stemming […]