Seven & i on Friday declined the preliminary proposal that Alimentation Couche-Tard made last month to acquire the Japanese corporate parent of the 7-Eleven convenience store chain. The decision was a “unanimous” one from Seven & i’s board based on a unanimous recommendation of the special committee that the company put together to weigh the
Information leaked from the Walt Disney Company earlier this summer includes passport numbers of cruise line workers, revenue generated from Disney+ and Genie+ (now Lightning Lane) and guest data. Back in July, Nullbulge – a self-proclaimed Russia-based hacktivist group that advocates for artists’ rights – uploaded 1.1 terabyte of Disney data to the internet from
Constellation Brands has been seeing soft demand in its wine and spirits segment – and the alcohol producer recently said it will weigh on its second-quarter results. The company said Tuesday it expects to record a non-cash goodwill impairment loss during the second quarter for its wine and spirits segment that will amount to $1.5-2.5
Aerospace giant Boeing is facing a new challenge in the form of a potential strike by 32,000 workers that could begin this month if the company and union are unable to reach an agreement. Boeing’s contract with the International Association of Machinists (IAM) is set to expire on Sept. 12, and the union’s members, who
Crypto is kicking off a new era in sports marketing: Partnering with major European soccer clubs. Sponsorship deals between crypto companies and high-profile soccer outfits are particularly hot this season. The latest iteration involves blockchain firm BlockDAG and two of Europe’s top clubs: Italy’s Inter Milan and Germany’s Borussia Dortmund. BlockDAG, which operates a so-called
Toyota is recalling more than 43,000 Sequoia hybrid SUVs over concerns the tow hitch covers could fall off. The tow hitch covers could “potentially become a road hazard, potentially increasing the risk of a crash,” if they come off the rear bumper while owners drive the recalled vehicles, Toyota said. TOYOTA RECALLS 55,000 PRIUS MODELS
A recall of roughly 90,700 Ford and Lincoln vehicles is underway. The Michigan-based automaker said in a National Highway Traffic Safety Administration (NHTSA) recall report that the recall was prompted by the risk that the engines in the affected 2021-2022 Ford Bronco, Ford Edge, Ford Explorer, Ford F-150, Lincoln Aviator and Lincoln Nautilus vehicles “may
U.S. stocks ended the week mixed and the month with healthy gains as investors headed into the long Labor Day weekend. The Dow notched a new record high after a fresh inflation report signaled more cooling. The stock rally has 401(k) holders enjoying the ride with the number of millionaires growing. Warren Buffett, as usual,
The team of lawyers who sued to void Tesla CEO Elon Musk’s $56 billion pay package have requested $6 billion in legal fees for their work, but their request may run afoul of a new court ruling that discourages judges from awarding “windfalls” in legal fees. Chancellor Kathaleen McCormick of the Delaware Court of Chancery
The Biden administration’s regulatory crackdown on cryptocurrency has caused a significant restructuring at a small, but high-profile crypto bank. FOX Business has learned that Custodia Bank, a Wyoming financial institution that offers banking services to crypto companies, informed staff Thursday morning that it will lay off nine of its 36 employees in an effort to preserve capital as