In a stunning turn of events, Italian police have seized €1.3bn in shares from Campari's parent company Lagfin amid allegations of tax evasion. The investigation reveals undeclared capital gains and potential misuse of foreign ownership.
Meta, the parent company of Facebook and Instagram, achieved a record $51.2 billion in Q3 revenue. However, a massive $15.93 billion tax charge led to a significant earnings drop, disappointing Wall Street expectations.
Super Bowl champion Travis Kelce partners with investment firm Jana Partners to revive Six Flags amid declining attendance and revenue. Can their efforts turn things around for Cedar Point and other parks?
Despite selling a majority stake to American investors, TikTok's Chinese parent company, ByteDance, is set to keep around 50% of the profits from its US operations, according to insider sources.
In a stunning move, Trump administration officials are set to warn pregnant women about the potential link between Tylenol's active ingredient and autism, raising concerns over one of the most widely used pain relievers.
In a bold move, Jerry Greenfield has resigned from Ben & Jerry's, citing ongoing tensions with parent company Unilever. The ice cream icon's fight for social justice is at stake as the co-founders clash over the company's direction.
In a groundbreaking move, Keurig Dr. Pepper plans to acquire JDE Peet’s in an $18 billion deal, paving the way for the formation of Global Coffee Co., a new powerhouse in the coffee industry. This merger is set to revolutionize the beverage landscape by combining iconic brands and expansive market reach.
Nexstar Media Group is set to acquire Tegna for $6.2 billion, reshaping the local news landscape. This merger aims to enhance competition against Big Tech while expanding advertising options. Share prices soar!
Tapestry, the parent company of Coach and Kate Spade, sees shares plunge as tariffs threaten profits despite strong sales trends. CFO Scott Roe discusses the impact of rising costs and strategic adjustments.
In a bold move, New York's Attorney General Letitia James has filed a lawsuit against Zelle's parent company, alleging that the payment platform's design lacks crucial security measures, leaving users vulnerable to scams. This follows a federal case's abandonment under the previous administration. Can justice be served for the victims?
