By Anirban Sen and Shankar Ramakrishnan NEW YORK (Reuters) – Family-owned candy giant Mars is preparing to sell bonds worth between $25 billion and $30 billion as soon as next week to help finance its takeover of Pringles maker Kellanova, according to people familiar with the matter, in a deal that would headline a $40…
(Reuters) – Grubhub CEO Howard Migdal said on Friday that the food delivery firm has decided to cut about 500 jobs, as it focuses on aligning its business with Wonder after the takeover was completed last month. Grubhub was bought last year by a food delivery startup Wonder, led by Walmart’s former executive Marc Lore….
(Reuters) – U.S. President Donald Trump likened the UK government’s demand that Apple grant it access to some user data as “something that you hear about with China,” in an interview with The Spectator political magazine published Friday. Trump said that he had told British Prime Minister Keir Starmer that he “can’t do this”, referring…
(Reuters) – Bumble on Friday named Ronald Fior, currently a partner of financial consulting firm FLG Partners, as the interim finance chief of the dating app operator, effective March 15. Fior currently serves as a consultant to Bumble and will remain in that position following his transition to the CFO role, the company said. He…
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds sold more stocks than they bought by the largest amount in a year, mainly driven by their bets that stocks will drop, a Goldman Sachs note showed on Friday. The note refers to the period of February 21-27. Goldman Sachs said the gloomy sentiment was…
(Reuters) – Indonesia and Apple have agreed on terms to lift the country’s ban on iPhone 16s and could sign a deal as early as this week, Bloomberg News reported on Tuesday, citing people familiar with the matter. Indonesia banned the iPhone 16 in October after Apple failed to meet requirements that smartphones sold domestically…
AMSTERDAM (Reuters) – Online rights activists have filed complaints with data protection authorities in several European countries about U.S. software firm Meta’s targeted advertising practices, the Eko group said on Thursday. The group said it had filed complaints with watchdogs in Norway, Germany and Spain after collecting evidence that Facebook’s parent company had not listened…
By Kylie Madry MEXICO CITY (Reuters) – Walmart’s Mexico and Central America unit is preparing to launch its debit card service, an executive said on Thursday. WHY IT’S IMPORTANT Walmex, as the company is also known, is Mexico’s largest retailer. It bought a payment app in 2023 to become its fintech service, known as Cashi,…
By Jonathan Stempel (Reuters) – Apple has been sued by consumers who said its claim that three versions of Apple Watches are “carbon neutral” and environmentally friendly is false and misleading. In a complaint filed on Wednesday in San Jose, California federal court, seven purchasers of the green-tagged Apple Watch Series 9, SE and Ultra…
By Stephanie van den Berg and David Thomas THE HAGUE (Reuters) – A framework agreement outlining U.S. access to revenues from Ukraine’s natural resources in exchange for security guarantees has legal gaps that must be filled in future negotiations, four experts told Reuters a day before the countries’ leaders meet in Washington. A draft of…
