Scott Eisen | Getty Images News | Getty ImagesMeal kit business Blue Apron announced Friday it has agreed to sell itself to food and restaurant company Wonder Group, founded by entrepreneur Marc Lore, for $103 million.The deal, at $13 per share, represents a significant premium from Blue Apron's per-share...
Boeing 787-10 Dreamliner, from United Airlines, taking off from Barcelona Airport in Barcelona on March 28, 2023.JanValls | Nurphoto | Getty ImagesUnited Airlines pilots approved a new contract with compensation increases of as much as 40.2% over the four-year contract, making the carrier the last of the three largest...
Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023.Matthew Hatcher | AFP | Getty ImagesDETROIT – The United Auto Workers union is holding up negotiations with Ford Motor over future EV battery plants, Ford CEO Jim Farley said...
Lower-end consumers have shifted buying patterns to save money as their bank accounts dwindle in size, according to Citigroup CEO Jane Fraser.The third-largest U.S. bank by assets has been monitoring its credit card customers for signs of distress, Fraser told CNBC's Sara Eisen on Friday in an interview."We are...
Toys R Us is plotting a bold comeback in the U.S., as it plans to expand its brick-and-mortar presence with as many as 24 new flagship stores and a separate rollout at airports and on cruise ships starting this holiday season.The toy retailer's parent company, WHP Global, announced what...
Aykut Karahan | Istock | Getty ImagesShares of Structure Therapeutics rose more than 30% on Friday after the biotech startup's experimental obesity pill succeeded in a small early-stage trial. The once-daily drug helped overweight or obese participants reduce up to 10 pounds of weight on average after four...
DETROIT – The United Auto Workers union will expand strikes against General Motors and Ford Motor to two U.S. assembly plants at noon ET, UAW President Shawn Fain said Friday.The additional strikes will target Ford's Chicago Assembly in Illinois, which produces the Ford Explorer and Lincoln Aviator SUVs, and...
A view of a plastic model of a stomach during an interview with Doctor Thomas Horbach, specialist in surgery, visceral surgery and nutritional medicine on Novo Nordisk, which will start selling its hugely popular obesity drug Wegovy in Germany later this month, in Munich, Germany, July 17, 2023.Christine Uyanik...
Striking members of the United Auto Workers (UAW) picket outside the GM's Willow Run Distribution Center, in Bellville, Wayne County, Michigan, U.S., September 26, 2023.Evelyn Hockstein | ReutersDETROIT – Tensions are rising and accusations are flying between the Detroit automakers and United Auto Workers, as the union threatens to...
The PGA Tour logo is seen during the third round of the Travelers Championship at TPC River Highlands in Cromwell, Connecticut, on June 24, 2017.Fred Kfoury | Icon Sportswire | Getty ImagesThe PGA Tour is attracting potential outside investors — some of which are considering making a rival pitch...