Business

5 things to know about Envision's acquirer, KKR

New York City-based KKR & Co., a private equity firm managing $176 billion in assets as of March 31, inked a deal to purchase Nashville, Tenn.-based physician services provider Envision Healthcare. By Morgan Haefner - 7/16/18

Papa John's Pizza founder resigns as chairman after apology for racial slur

Papa John's Pizza founder John H. Schnatter resigned as chairman of the board after he apologized for using a racial epithet earlier this year, the company said in a July 11 statement. By Morgan Haefner - 7/12/18

Tesla will expand to China as it raises prices to offset tariffs: 3 things to know

Tesla inked a deal with Chinese authorities July 10 to build its first factory outside of the U.S. in Shanghai, according to Reuters. By Morgan Haefner - 7/12/18

Smuckers will sell US baking business for $375M

The J.M. Smucker Company will sell its baking business, featuring brands that include Pillsbury, to Brynwood Partners for $375 million. By Leo Vartorella - 7/12/18

Sears lays off 200 employees at corporate offices

In June, Sears laid off roughly 200 corporate employees, with nearly 150 of them coming from Sears' support center in Hoffman Estates, Ill., according to CNBC. By Leo Vartorella - 7/12/18

Walmart to put Japanese grocery chain on market for as much as $4.5B, report says

Walmart is planning to sell Japanese supermarket chain Seiyu in a deal that is expected to be worth $2.7 billion to $4.5 billion, according to CNBC. By Leo Vartorella - 7/12/18

Texas named top state for business in 2018: 4 things to know

Texas earned the top spot on CNBC's 2018 America's Top States for Business rankings, marking the fourth time the state has earned the recognition in the list's 12-year history. By Leo Vartorella - 7/11/18

Google may face record EU fine for pre-installing apps on Android phones

European regulators are poised to slap a record fine on Google for forcing its Android operating system to pre-install Google's own search apps, according to The Washington Post. By Morgan Haefner - 7/10/18

Amazon expands Prime Day deals to Whole Foods

Amazon is offering Prime members money back and sales on select items at Whole Foods Market during Prime Day, which starts July 16. By Ayla Ellison - 7/10/18

10 cities with the most jobs that pay $100K or more

San Francisco tops the list of cities with the most six-figure jobs, according to CNBC, which cited an analysis from career site Ladders. By Ayla Ellison - 7/10/18

Scooter-share company snags $335M, partners with Uber

Dockless electric scooter share company Lime raised $335 million from six investors in its latest round of funding and will begin to co-brand its scooters with Uber, according to Fortune. By Leo Vartorella - 7/10/18

10 companies Americans are most excited to work for

The Fortune 500 is populated with companies across a wide variety of industries, but some of the most attractive companies for employees are tech firms, according to a SurveyMonkey poll reported by Fortune. By Leo Vartorella - 7/10/18

Facebook names Evan Cheng director of engineering for blockchain: 3 things to know

Facebook confirmed to TechCrunch Evan Cheng, a director of engineering at the company, is the social media giant's new director of engineering for blockchain. By Jessica Kim Cohen - 7/9/18

Starbucks to eliminate plastic straws by 2020

Starbucks plans to drop single-use plastic straws by 2020 across its 28,000 stores worldwide, the company announced July 9. By Morgan Haefner - 7/9/18

Mark Zuckerberg replaces Warren Buffett as world's 3rd richest person, Facebook stock closes at all-time high

Facebook stock closed at $203.23 July 6 — an all time high — which propelled CEO Mark Zuckerberg beyond Warren Buffet to become the world's third richest person, according to Fortune and the Bloomberg Billionaires Index. By Leo Vartorella - 7/9/18

M&A for consumer goods companies up 45% in 2017

Mergers and acquisitions among consumer goods companies hit a 15-year high in 2017, according to CNBC. By Leo Vartorella - 7/9/18

Netflix tops viewing options in consumer survey, especially with younger viewers

American consumers watch Netflix more than any other video streaming platform, according Market Watch. By Leo Vartorella - 7/5/18

Tesla CEO Elon Musk lashes out at reporters

Tesla CEO Elon Musk criticized several media organizations on Twitter July 5, according to CNBC. By Ayla Ellison - 7/5/18

Uber deal to sell Southeast Asia holdings may fall through

Uber could face fines and a possible reversal of its sale of operations in Southeast Asia to ride-sharing rival Grab due to anticompetitive concerns, according to Fortune. By Leo Vartorella - 7/5/18

Barnes & Noble fires CEO for violating company policies

Barnes & Noble fired its CEO Demos Parneros without a severance package for an undisclosed violation of company policies, according to CNBC. By Leo Vartorella - 7/5/18

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