Author: Michelle Chapman
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FedEx joins other US companies in seeking a refund after Trump tariffs are ruled illegal
FedEx is suing the U.S. government, requesting a full refund on what it paid for tariffs set by President Donald Trump last year after the Supreme Court ruled that the tariffs are illegal. FedEx said in a filing with the U.S. Court of International Trade that they have “suffered injury” from having to pay the…
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Tylenol, Kleenex, Band-Aid and more put under one roof in $48.7 billion consumer brands deal
Kimberly-Clark is buying Tylenol maker Kenvue in a cash and stock deal worth about $48.7 billion, creating a massive consumer health goods company. Shareholders of Kimberly-Clark will own about 54% of the combined company. Kenvue shareholders will own about 46% in what is one of the largest corporate takeovers this year. The combined company will…
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Tylenol, Kleenex, Band-Aid and more put under one roof in $48.7 billion consumer brands deal
Kimberly-Clark is buying Tylenol maker Kenvue in a cash and stock deal worth about $48.7 billion, creating a massive consumer health goods company. Shareholders of Kimberly-Clark will own about 54% of the combined company. Kenvue shareholders will own about 46% in what is one of the largest corporate takeovers this year. The combined company will…
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Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates
Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while cutting costs elsewhere. In June CEO Andy Jassy, who has aggressively sought to cut costs since becoming CEO in 2021, said that he anticipated generative AI would reduce Amazon’s corporate workforce in the next few years.…
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JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
JetBlue and Spirit Airlines are ending their proposed $3.8 billion merger after a federal judge blocked the deal, ruling it would hurt competition
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JetBlue shares rise as activist investor Carl Icahn takes a stake in the airline
Shares of JetBlue are up more than 11% in Tuesday morning trading as activist investor Carl Icahn took an almost 10% stake in the airline
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Potential $50 billion Southwestern energy giant emerges as Diamondback seeks to buy rival Endeavor
Diamondback Energy will attempt to buy rival Endeavor Energy Resources to create an energy giant in the Southwestern United States worth more than $50 billion
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Potential $50 billion Southwestern energy giant emerges as Diamondback seeks to buy rival Endeavor
Diamondback Energy will attempt to buy rival Endeavor Energy Resources to create an energy giant in the Southwestern United States worth more than $50 billion
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Record cocoa prices heading into Valentines Day proves to be a headache for sweets king Hershey
Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs that are leading to increased prices for chocolate
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US probes Tesla Autopilot, steering wheels that can come off
DETROIT • U.S. safety regulators are turning up the heat on Tesla, announcing investigations into steering wheels coming off some SUVs and a fatal crash involving a Tesla suspected of using an automated driving system when it ran into a parked firetruck in California. The National Highway Traffic Safety Administration said Wednesday it is launching…