Business (24)
Comprehensive coverage and expert analysis in business. Stay informed with the latest developments, trends, and insights.
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Sharpie manufacturing surges: 3–4x speeds, $2B overhaul cuts costs
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Sharpie manufacturing in Tennessee boosts output 3–4x after a $2B overhaul, lifts wages ~50%, and cuts China exposure to under 10% of COGS by 2025.
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Rite Aid closures: 1,240+ stores in sweeping nationwide shutdown
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Rite Aid closures accelerate as the chain moves to shutter or sell roughly 1,240 stores after a May 5, 2025 bankruptcy, with $1.94B financing to wind down.
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Walmart’s Bold Plan: Cut Artificial Dyes in 1,000 Items by 2027
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Artificial dyes exit Walmart’s 1,000 store-brand items by Jan 2027 under RFK Jr. pressure; 90% already dye-free and 30 additives also slated for removal.
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EA buyout: Record $55B take-private offers 25% premium at $210
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EA buyout sets a record: $55B all-cash deal at $210 per share, a 25% premium, funded by ~$36B equity and ~$20B debt, led by PIF, Silver Lake and Affinity.
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Jaguar Land Rover Crisis: £1.5bn Guarantee May Fall Short
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Jaguar Land Rover faces a cash crunch despite a £1.5bn guarantee covering 80% of risk, as suppliers have 7–10 days’ cash and 1,000 cars/day output at risk.
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EA sale nears $50B in high-stakes go-private deal, shares soar 15%
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EA sale heads for a $50B go-private deal as Saudi PIF, Silver Lake and Kushner’s Affinity circle; JPMorgan lines up $20B+ debt; EA stock jumps 15%.
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America’s Monopoly Problem: DOJ, 17 States Crackdown on $8B Google Ads
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America’s monopoly problem: 17 states and DOJ pursue Google ad-tech breakup after April 17, 2025 ruling; $8B/quarter unit faces 4-year compliance.
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Lilly Texas: Ambitious $6.5B plant to add 615 jobs, 4,000 build
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Lilly Texas: Eli Lilly will invest $6.5B in a Houston API plant, creating 615 jobs and 4,000 construction roles, with operations in five years.
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Revenue vs Profit: Sales Up 50%, Profits Down — A Stark Warning
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Revenue vs profit defines business health: UK retail sales rose 50% since 2007 while pre-tax profits fell to ~£4B; Amazon posted $637.96B revenue, $59.25B net.
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Amazon pay gets $1B boost: $23/hour avg, $5 health plan in 2026
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Amazon pay gets a $1B boost as average wages rise above $23/hour and entry-level health plans drop to $5/week with $5 copays in 2026. Total comp tops $30/hour.