Mondelez International, maker of Chips Ahoy and Oreos, is suing Aldi for allegedly copying the packaging of its popular cookie and cracker brands. The lawsuit, filed in Illinois, claims Aldi's packaging is confusingly similar and harms Mondelez's brands. Mondelez seeks monetary damages and a cease-and-desist order. Aldi, a...
President Trump is celebrating a new partnership between U.S. Steel and Nippon Steel in Pittsburgh. While initially opposing the deal on national security grounds, Trump now claims it will boost the U.S. economy by $14 billion and create 70,000 jobs. Details remain unclear, with analysts suggesting it's more...
Federal courts have blocked President Trump's tariffs, offering relief to small business owners burdened by increased costs. However, the White House plans to appeal, leaving businesses uncertain about the future. Small business owners like Sarah Wells and Barton O'Brien describe the financial strain and logistical challenges caused by...
Nippon Steel's $14 billion bid to acquire U.S. Steel is nearing completion after President Trump's apparent endorsement. Trump's announcement of a 'partnership' is seen as a reversal of his prior opposition and suggests a deal structured to maintain American control. Nippon Steel aims for full ownership, promising technology...
Gap Inc. projects a $100-$150 million loss this year due to President Trump's tariffs on Chinese and other imported goods. Despite a recent 2% sales increase, the company plans to absorb the costs rather than raising prices significantly, unlike other retailers like Macy's, Walmart, and Target. A federal...
A controversial tax provision within the recently passed US tax bill is raising concerns. Section 899, titled "Enforcement of Remedies Against Unfair Foreign Taxes," empowers the US to increase tax rates on individuals and companies from countries with allegedly discriminatory tax policies. This includes raising taxes on passive income...
E.L.F. Beauty acquired Hailey Bieber's beauty brand, Rhode, for $800 million in cash and stock. Rhode, known for its blushes and lip glosses, has experienced rapid growth in just three years, largely due to Bieber's significant social media presence. The deal includes a potential additional $200 million based...
Williams Companies is reviving plans to build two natural gas pipelines in New York State, reversing previous decisions due to environmental concerns. New York had blocked the Constitution and Northeast Supply Enhancement pipelines, but the Trump administration's pro-energy infrastructure stance, and recent discussions with Governor Hochul regarding a wind...
Gap Inc. announced first-quarter earnings that beat expectations, but warned that new tariffs could impact its business by $100 million to $150 million. The company has mitigated about half the potential $250-$300 million impact from new duties on imports from China and other countries. Gap is diversifying its...
Market Basket CEO Arthur T. Demoulas has been placed on leave by the board of the New England grocery chain. The board cites oversight concerns and disputes over succession planning as reasons for the action, alleging Demoulas planned a work stoppage and unilaterally appointed his children as successors. Demoulas'...
