3G Capital quietly exited its Kraft Heinz investment last year
Brazilian private equity firm 3G Capital quietly sold off its 16.1% stake in Kraft Heinz in the fourth quarter, nearly nine years after masterminding the blockbuster merger of Kraft Foods and Heinz with Warren Buffett. The sale marks the end of an era for 3G. The firm’s influence over Kraft Heinz had been dwindling in […]
Norfolk Southern reaches agreement to settle East Palestine derailment class action
Norfolk Southern Corp. has reached an agreement in principle to settle a class action lawsuit brought after last year’s derailment of one of the company’s trains in East Palestine, Ohio.
Denver-Boulder aims to be Silicon Valley of the future
An Atom Computing employee engaged in work on a computer screen. CNBC This story is part of CNBC’s quarterly Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and employees. Imagine a world where computers solve problems billions of times faster than […]
Australian consumers are in an extended slump as inflation expectations rise
Australian consumer confidence remains in an extended slump, but more worrying is that inflation expectations are also nudging higher, something that will surely alarm the Reserve Bank of Australia.
Three booming businesses that make Denver stand out
A concert venue built into a natural rock formation outside of Denver, CO Amy Sparwasser | iStock Editorial | Getty Images This story is part of CNBC’s quarterly Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and employees. Two cities in […]
Record funding propels Denver-Boulder’s life sciences market
This story is part of CNBC’s quarterly Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and employees. The Denver-Boulder region is rapidly emerging as a major hub for the life sciences industry, attracting companies that develop cutting-edge medical treatments and technologies. […]
Bain Capital to sell its stake in India’s Axis Bank
The company plans to sell 33.37 million shares via a block trade on Tuesday, according to a term sheet seen by The Wall Street Journal.
Iowa-South Carolina NCAA women’s final draws 18.7 million viewers
March Madness branded Powerade bottles before the game between the Maryland Terrapins and the South Carolina Gamecocks during the Elite Eight round of the 2023 NCAA Women’s Basketball Tournament held at Bon Secours Wellness Arena in Greenville, South Carolina, on March 27, 2023. Grant Halverson | NCAA Photos | Getty Images The NCAA Women’s Championship […]
SoFi CEO Anthony Noto saw his pay increase more than 40% last year
While Noto’s salary grew modestly, the total value of his stock awards drove the big increase.
Solar eclipse flights swarm small airports
An airplane passes during a partial solar eclipse seen from Queens, New York City, U.S., April 8, 2024. Andrew Kelly | Reuters Monday’s solar eclipse is giving some of the country’s smaller airports their moment in the sun. The Federal Aviation Administration reported arriving flights at airports from Burlington, Vermont, to southern Illinois were briefly […]
