Business

Cava, the Mediterranean restaurant chain, recently reported better-than-expected quarterly earnings, surpassing Wall Street’s projections. The company’s earnings per share came in at 17 cents, compared to an expected 13 cents, while revenue reached $233 million, exceeding the anticipated $220 million. This strong financial performance has led to a significant increase in the company’s market value,
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The future of Paramount Global is still hanging in the balance as the special committee continues to review competing offers. Edgar Bronfman Jr. initially offered $4.3 billion for Shari Redstone’s National Amusements, challenging the existing merger agreement with Skydance. After submitting the initial bid, Bronfman decided to raise more funds to support a higher offer,
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Ford Motor’s recent announcement regarding the delay in production of a next-generation all-electric pickup truck and the cancellation of plans for a three-row electric SUV has sent shockwaves through the automotive industry. Instead, the company has decided to pivot towards the development of hybrid models and electric commercial vehicles. This strategic shift is aimed at
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Boeing recently announced that it has halted flight tests of its 777X aircraft after uncovering structural damage within one of the planes. The damage was found in a custom part located between the engine and the airplane structure during routine maintenance. As a result, Boeing has grounded the three other 777-9 airplanes in its test
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Recently, Gilead Sciences revealed that they had uncovered a dangerous drug-counterfeiting operation that targeted their HIV medications. This scheme, allegedly orchestrated out of two pharmacies in New York City, involved tampering with and improperly reselling the medications before reaching the patients. According to court documents unsealed this month, Peter Khaim, a twice-convicted medical fraudster, was
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