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Campbell Soup to Acquire Maker of Rao's for $2.7 Billion
Campbell said the deal for Sovos Brands is expected to close in December. Source link
Yellow Files for Bankruptcy After Shutting Down
The bankruptcy follows years of struggles as it tried to address the debt it accumulated through a series of mergers and a $700 million federal
Space Companies Struggle to Meet Lofty Goals
Newer industry players are cutting jobs, trimming spending and reining in plans. Source link
U.S. Cellular Owner Explores Sale
The regional wireless carrier’s controlling shareholder says it is exploring strategic options for a business left behind by telecom’s consolidation wave. Source link
Private-Equity Firm KKR in Advanced Talks to Buy Simon & Schuster for Roughly $1.65 Billion
Book publisher was put up for sale for the second time after a judge blocked a previous deal with Penguin Random House. Source link
Yellow's Shutdown Could Cost Taxpayers Money
Whether the federal government recovers the money it lent Yellow at the height of the pandemic would likely depend on how much Yellow raises by
BP Profit Declines More Steeply Than Peers'
Second-quarter earnings fell almost 70% from a year-ago bonanza. The London-based oil major boosted its dividend and continued to buy back shares. Source link
Fox to Wind Down Sports-Betting Site Fox Bet
The broadcaster is closing its sports-betting venture after it failed to grow as quickly as more dominant competitors in the market. Source link
Walmart Pays $1.4 Billion to Boost Flipkart Stake
The purchase of shares from Tiger Global valued the Indian e-commerce company at about $35 billion. Source link
America's Fiscal Time Bomb Ticks Even Louder
Investors are drawing false comfort from the past and from the perception that fiscal scolds in the U.S. have cried wolf so often. Source link