McDonald’s, the global fast-food giant, has announced that it will be purchasing Carlyle’s stake in its China business, increasing its minority share from 20% to 48% ownership. This move comes as part of McDonald’s strategy to own fewer restaurants and instead rely on franchisees with local market knowledge to operate its locations. In 2017, McDonald’s
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As the Thanksgiving holiday approaches, airlines are gearing up for what is expected to be a record-breaking travel season. The Transportation Security Administration (TSA) is projecting that they will screen approximately 30 million passengers from November 17th to November 28th, the highest number ever recorded. With an estimated 2.9 million passengers taking to the skies
Investment firm JAT Capital recently sent a strongly worded letter to the board of Bed Bath & Beyond, expressing their frustrations and concerns over the company’s behavior and lack of transparency. In the letter, JAT Capital accuses the board of refusing to answer questions from shareholders and engaging in what they describe as “poor behavior”.
Elon Musk’s aerospace company, SpaceX, has received clearance from the Federal Aviation Administration (FAA) to proceed with the second flight test of its Starship rocket. This announcement comes after the unfortunate explosion of the previous launch in April, which caused significant damage and raised environmental concerns. Despite this setback, the FAA has conducted a thorough
The United Auto Workers (UAW) recently reached a tentative agreement with General Motors (GM), but the ratification process has faced obstacles along the way. While initial voting results seemed promising, several large plants voted against the pact, causing uncertainty about its prospects. This article analyzes the challenges faced by the UAW and the implications of
In a groundbreaking move, the PGA Tour has announced its plans to offer professional players direct equity ownership in the new company that will be formed after securing an investment deal. This development comes as the tour continues its negotiations with Saudi Arabia’s Public Investment Fund (PIF), which owns LIV Golf, and the DP World
In a bid to streamline operations and reduce costs, Stellantis, the parent company of Chrysler, has announced voluntary separation packages for approximately half of its U.S. white-collar employees. This move comes as the U.S. auto industry continues to face challenging market conditions and companies seek to allocate funds for emerging technologies, particularly electric vehicles. Stellantis’
The buzz in Hollywood is palpable as the race to cast the role of Elon Musk intensifies. A24, the popular indie studio known for its edgy and award-winning films, has secured the rights to adapt Walter Isaacson’s biography of the controversial billionaire and has enlisted the acclaimed director Darren Aronofsky to helm the project. This
Novo Nordisk’s groundbreaking drug, Wegovy, has shown tremendous potential in reducing the risk of serious cardiovascular complications in individuals with obesity and heart disease. In the highly anticipated Select study, which included approximately 17,500 participants without diabetes, Wegovy demonstrated a significant impact on heart attacks, signaling a new frontier for the drug. The comprehensive results
Billionaire investor Ron Baron predicts that SpaceX’s Starlink satellite internet service will go public through an initial public offering (IPO) in 2027. Speaking to CNBC, Baron expressed his belief that the company will be valued at a staggering $250 billion to $300 billion by the time it goes public. Ron Baron, a major investor in