A rocky year for restaurants separated the industry’s biggest chains into winners and losers, as eateries competed for a smaller pool of customers…
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Business
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The former head of Ozy Media has been sentenced to 10 years in prison for his role in an alleged fraud involving the…
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Business
Trump and Japan tech conglomerate SoftBank announce $100 billion in U.S. investments
by adminPresident-elect Donald Trump and the head of Japanese tech conglomerate SoftBank, Masayoshi Son, will announce a $100 billion investment effort designed to spur…
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Business
McKinsey & Co. to pay $650M to settle opioid consulting probe, ex-partner to plead guilty
by adminMcKinsey & Company agreed to pay $650 million in a deferred prosecution agreement that will resolve a federal criminal probe into the company’s consulting work advising Purdue…
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Business
Kroger and Albertsons are spending billions to reward shareholders after their blocked merger
by adminWithin a day of their $25 billion merger’s falling apart in court, Kroger and Albertsons were each planning to move forward with share…
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The Federal Trade Commission in a new lawsuit accuses the largest U.S. distributor of wine and spirits of illegal price discrimination that gave large chains…
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Business
Star real estate agents Alexander brothers arrested in Miami after sex assault claims
by adminFederal prosecutors accused top real estate agents Tal and Oren Alexander and their brother, Alon, of drugging and raping “dozens of victims” over more than a decade. The…
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Salt Lake City has grown from a winter sports venue to a vibrant technology hub in just two decades, leveraging the legacy of…
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A U.S. district judge in Oregon has blocked a $25 billion bid by supermarket giant Kroger to take over rival Albertsons, ruling that…
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Albertsons on Wednesday formally terminated its proposed $25 billion merger with Kroger and filed a lawsuit against its supermarket competitor, saying Kroger violated its contract and…