The owner of Burger King is buying Popeyes for $1.8 billion – Business Insider

Flickr/Prince Roy The owner of Burger King and Tim Hortons, Restaurant Brands International, is buying Popeyes Louisiana Kitchen for $79 per share, or $1.8 billion. “Popeyes is a powerful brand with a rich Louisiana heritage that resonates with guests around the world,” Restaurant Brands International CEO Daniel Schwartz said in a statement. “With this transaction, […]

Macy’s tops profit expectations, revenue misses – BNN

Macy’s Inc. (M.N) on Tuesday reported fiscal fourth-quarter net income of US$475 million. On a per-share basis, the Cincinnati-based company said it had net income of US$1.54. Earnings, adjusted for non-recurring costs, came to US$2.02 per share. The results topped Wall Street expectations. The average estimate of nine analysts surveyed by […]

SpaceX launches rocket from NASA’s historic moon pad – Palm Beach Post

Built in the mid-1960s for the massive Saturn V moon rockets, Launch Complex 39A has now seen 95 launches. Apollo 11’s Neil Armstrong, Buzz Aldrin and Michael Collins left Earth from here on July 16, 1969, on the first moon-landing mission. The very first space shuttle pilots, John Young and Robert Crippen, soared from here […]

Why Kraft may not yet be done with Unilever – CNBC

“What you’re going to have is not only the bid premium falling but multiple compression on a standalone basis because at the same time what you have is too many aggressive estimates following the share price,” explained Lacalle. He rejected the view that cheap funding, which has been a key propeller of acquisition activity in […]

PSA May Vow to Maintain Opel Sites as Chief Tours for Support – Bloomberg

PSA Group Chief Executive Officer Carlos Tavares will meet with government leaders in the U.K. and France this week to discuss the potential purchase of General Motors Co.’s Opel and Vauxhall brands. To win support for the takeover, the maker of Peugeot and Citroen cars will pledge to maintain Opel’s independence, honor existing collective labor agreements […]

UAE Seals Deal With China’s CNPC for Onshore Oil Project – New York Times

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Kraft Heinz Takeover Bid Shakes Up Big Food and Its Slow Growth – Bloomberg

Competitors relieved that Kraft Heinz Co. snubbed them for Unilever may want to skip the celebration. Campbell Soup Co., General Mills Inc., Kellogg Co. and Mondelez International Inc. were top potential acquisition targets for Kraft Heinz, and even though the company appears to have moved on, more consolidation could be on the menu. Whether or […]

Tips for Whittling Down Your Tax Bill – New York Times

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Kraft won’t back down from Unilever merger pursuit despite rejection – CNBC

Kraft Heinz announced on Friday a proposed $143 billion merger with Unilever in what would be one of the biggest deals ever. But the Anglo-Dutch consumer goods giant has declined, saying in a statement the offer “fundamentally undervalues” the company. “Unilever rejected the proposal as it sees no merit, either financial or strategic, for Unilever’s […]

Can the Dow hang on and complete a 7-in-a-row record run? – CNBC

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