Ocado Ends Legal Fight With M&S Over £190 Million Payout
Business & Markets • 2 months ago
The online grocery venture failed to meet performance targets set in 2019, leading to the termination of the legal dispute.
Business & Markets News
DoorDash Revamps Delivery Fees, Basing Charges on Distance and Effort
Business & Markets • 2 months ago
The delivery platform is rolling out a new fee structure that adjusts costs based on order distance and the effort required for delivery drivers.
Investors Shift Away From Chip Stocks Amid Market Rotation
Business & Markets • 2 months ago
Companies in the semiconductor industry have seen a notable outflow of investment as market participants reallocate capital to other sectors.
US Stocks Close Mixed Amid Chip Sector Declines and Oil Price Drops
Business & Markets • 2 months ago
The Nasdaq saw significant losses while consumer stocks gained ground as oil prices fell.
Newly Appointed Steel CEO Dies Suddenly After Three Weeks on Job
Business & Markets • 2 months ago
Carpenter Technology Corp. announced the unexpected death of CEO Brian Malloy, 59, just weeks after he assumed leadership of the $3 billion company.
Cracker Barrel to Cover Ex-CEO's Security Costs, Pay $4.6M in Exit Fees
Business & Markets • 2 months ago
The restaurant chain will continue providing security for former CEO Julie Felss Masino for an unspecified period and pay her substantial exit fees following a controversial rebrand attempt.
California Wine Industry Faces Decline, Farmers Explore Agave Cultivation
Business & Markets • 2 months ago
Grape farmers are increasingly turning to agave production to diversify and counter declining consumer demand in the state's oversaturated wine market.
Tractor Supply to Close 75 Petsense Stores
Business & Markets • 2 months ago
The retail giant is shuttering underperforming locations of its pet specialty chain to reinvest in higher-growth opportunities and its core business.
Costco's Sourdough Bread Sparks Debate Over Authenticity
Business & Markets • 2 months ago
Shoppers and bakers are divided on whether the retail giant's olive and rosemary loaf meets the traditional definition of sourdough.