Starbucks SBUX is brewing up some big decisions for its China business, including a potential stake deal that could fetch several billion dollars. The coffee giant has been quietly chatting with tech firms and private equity players, hoping someone might […]
New On The Block Honeywell HON is back at it again with big plans and boardroom brainstorms. This time, the Charlotte, North Carolina-based company is considering sending its aerospace business off to fly solo. Recently, Honeywell unveiled plans to spin
New On The Block Intevac, Inc. IVAC, which manufactures technologies for applications like solar cells and hard disk drives, has undergone a makeover. With its old restructuring woes in the rearview mirror, the company’s forecasted EBITDA is looking a lot
New On The Block Dental supply maker Patterson Companies Inc PDCO announced Thursday that it is exploring strategic options, including a sale or merger, to boost shareholder value. The company disclosed the deal process as part of its second-quarter financial report.
The U.S. division of Stoli Group hopes to get a deal under Chapter 11 bankruptcy protection. The company applied on Nov. 27 to the U.S. Bankruptcy Court in the Northern District of Texas. Stoli Group USA, based in New York,
New On The Block Evolent Health Inc EVH is reportedly up for sale. The Arlington, Virginia-based software provide initiated an auction process after receiving takeover inquiries. Among the potential suitors are TPG Inc TPG, Clayton, Dubilier & Rice, and KKR
Bankruptcy Block Wellpath Holdings Inc., a major provider of healthcare services to jails across the U.S., is preparing to file for bankruptcy. Owned by H.I.G. Capital, the Nashville, Tenn.-based company has struggled with debt and labor costs. Despite efforts, including
Editor’s note: This story has been corrected to reflect that Tim Walz is the governor of Minnesota. In previous presidential elections, the Democratic and Republican candidates typically didn’t address cannabis and cryptocurrency as issues heading into Election Day. This year,
Oil is trading more than 5% higher Thursday on the heels of President Joe Biden‘s statement that the U.S. spoke with Israel about a possible attack on Iran’s oil facilities. “We’re in discussions about that,” Biden said during an interaction
Longshoremen are expected to drop their cargo hooks Tuesday, potentially freezing activity at some of the U.S.’s busiest ports. What Happened: According to the New York Times, a union showdown on the East and Gulf coasts with their employers could
