Updated Jan. 9, 2024 12:00 am ET
A breakup over grocery prices got messier Monday when PepsiCo said that it, not supermarket chain Carrefour, initiated the split.
PepsiCo said that it had decided to stop supplying the chain’s European stores because the two sides hadn’t reached an agreement on a new contract.
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Screenshot of the TheMessenger website. Source: TheMessenger The Messenger, the struggling news media startup co-founded by publishing veteran Jimmy Finkelstein, is urging potential investors to make a long-shot bet on a dramatic rebound in advertising this year. The company is attempting to stop the cash burn that has put it in jeopardy. CNBC has obtained…
By encouraging everyday investors, also known as retail investors, to buy up GME stock and increase its price, hedge funds would have to sell out in order to cut their losses from having shorted the stock, which increases the stock price even further. “Hedge funds are getting their asses kicked by the retail investor,” Lindzon…
“Close to 96% of the net worth of the promoters of India’s wealthiest families is parked in trusts,” said Rishabh Shroff, partner at Cyril Amarchand Mangaldas, a Mumbai law firm. “These structures are increasingly attractive to wealthy business families, to shield their assets and insulate their businesses from insolvency, family or creditor disputes.”
Comment on this storyComment Add to your saved stories Save The Federal Aviation Administration said Thursday it is launching an investigation into whether aerospace giant Boeing followed rules to ensure that the aircraft it built were safe for operation. “Boeing may have failed to ensure its completed products conformed to its approved design and were…
Peloton has launched a partnership with TikTok. Courtesy of: Peloton Peloton launched a partnership with TikTok on Thursday as part of its strategy to change its public perception and attract a broader array of customers as sales and profits fall. The partnership will create a new fitness hub on the social media platform dubbed “#TikTokFitness…
Liquidation Sale signs in business storefront, Queens, New York. (Photo by: Lindsey Nicholson/UCG/Universal Images Group via Getty Images) Ucg | Universal Images Group | Getty Images Small business bankruptcies are on the rise. Subchapter V filings — which most small businesses these days are using to reorganize a floundering business — have outpaced filings from…
