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Monday, August 7
by
ABC News
Campbell will acquire Rao’s premium sauces parent company for $2.7 billion
(NEW YORK) -- The Campbell Soup Company is expanding its presence on grocery store shelves with a new deal to acquire Sovos Brands Inc., the maker of Rao's pasta sauces and noosa yogurt.At $23 per share, the total enterprise value of the acquisition is ...
Saturday, August 5
by
ABC News
CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft, data shows
(NEW YORK) -- While some tech giants neared or imposed widespread layoffs last year, compensation for their CEOs climbed as much as tens of millions of dollars, according to an ABC News analysis of data released by research firm Equilar in May and June.Alphabet CEO ...
Friday, August 4
by
ABC News
Prosecutors seek bail revocation for FTX founder Sam Bankman-Fried
(NEW YORK) -- Disgraced crypto executive Sam Bankman-Fried deserves to have his bail revoked and to be detained before he is tried for fraud and conspiracy charges stemming from the collapse of FTX, federal prosecutors in New York said in a new court filing.Prosecutors ...
Wednesday, August 2
by
ABC News
What buyers are doing to win a home in a competitive real estate market
(NEW JERSEY)-- The lack of available homes on the market is near historic lows, sparking fierce bidding wars in cities across the country – and prompting many buyers to get creative with their offers.In June, 1.08 million homes were for sale nationwide, according to ...
Tuesday, August 1
by
ABC News
CVS to lay off 5,000 employees in push to shed costs
(NEW YORK) -- CVS Health is laying off 5,000 employees as part of an effort to shed costs, the retail and pharmacy chain confirmed on Tuesday.The layoffs will primarily affect "non-customer facing positions" such as corporate roles, the company said, adding that it does ...
Friday, July 28
by
ABC News
Trader Joe’s recalls 10K cases of broccoli cheddar soup over potential foreign material
(NEW YORK) -- Trader Joe's has issued a voluntary recall of its Unexpected Broccoli Cheddar Soup that was distributed in seven states after a supplier informed the retailer it "may contain insects."On Thursday, Trader Joe's announced the recall online to its "valued customers," after ...
Friday, July 28
by
ABC News
Amid staggering student loan debt, Black women also face unequal pay
(NEW YORK) -- Ravenn Moore, a 43-year-old mom in the Detroit area, said she accumulated tens of thousands of dollars of debt while earning both her bachelor's and master's degrees as a first-generation college student.Over the next decade, Moore said the interest on her ...
Friday, July 28
by
ABC News
Interest rates are at a 22-year high. Here’s what that means for your finances.
(NEW YORK) -- The Federal Reserve raised interest rates to a 22-year high this week -- a milestone that carries major implications for the finances of everyday people, experts told ABC News.The move escalated an aggressive series of rate hikes that has helped dramatically ...
Friday, July 28
by
ABC News
Anheuser-Busch to lay off hundreds of workers after Bud Light boycott hammers sales
(NEW YORK) -- Anheuser-Busch plans to lay off hundreds of corporate employees, a company spokesperson told ABC News on Thursday.The layoffs come months after a product endorsement from Dylan Mulvaney, a transgender influencer, in April set off a consumer boycott among conservatives that hammered ...
Thursday, July 27
by
ABC News
US economic growth accelerated in second quarter, exceeding expectations and rebuking recession fears
(NEW YORK) -- U.S. economic growth accelerated over three months ending in June, blowing past economist expectations and rebuking concern about a possible recession.The U.S. gross domestic product grew by a 2.4% annualized rate to finish the first half of 2023, according to government ...
Thursday, July 27
by
ABC News
US economy expected to have grown, dispelling recession fears
(NEW YORK) -- Fears of a recession have cast a thundercloud over the economy for many months but forecasters sun-kissed by falling inflation and a robust jobs market have grown optimistic about the U.S. averting a downturn.Gross domestic product data to be released by ...
Thursday, July 27
by
ABC News
In an airline first, Braille coming to all United planes by 2026
(NEW YORK) -- United Airlines announced Thursday that it is the first U.S. airline to add Braille to its aircraft cabin interiors.The airline has about a dozen planes outfitted with Braille already, and plans to add Braille to its entire mainline fleet of more ...
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