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Tupperware struggles in Q1, withdraws guidance, taps new CFO

Tupperware's turnaround isn't exactly going as planned, with inflation, COVID-19 and Russia's invasion of Ukraine all weighing on the consumer products company. Sales dropped 16% in ...

MyPillow CEO Mike Lindell gets banned from Twitter, again

MyPillow CEO Mike Lindell was banned from Twitter for a second time after attempting to use a new account to access the social media platform. Lindell set up a new account Sunday on ...

Caterpillar sales surge in first quarter, but so do costs

Caterpillar's first-quarter sales climbed on strong demand for construction equipment despite supply chain challenges that continue to plague businesses ranging from car and phone makers to grocery st...

GM to offer electrified Corvette as early as next year

General Motors says it will offer an electrified Chevrolet Corvette as early as next year. President Mark Reuss said in a statement on LinkedIn Monday that the automaker will also s...

Bed Bath & Beyond snared by ongoing supply issues

Bed Bath & Beyond was unable to overcome supply issues during the final quarter of the year that have tripped up the home goods chain for months and it warned Wednesday that those problems are car...

ConAgra cuts outlook as inflation outpaces its price hikes

ConAgra cut its outlook for the year with inflation outpacing the price hikes put into place by the major food producer. The cost of goods increased 10.1%. during the quarter and on...

GM, Honda plan to co-develop affordable electric vehicles

General Motors and Honda are planning to co-develop some affordable electric vehicles that will use GM's next-generation Ultium battery technology. The vehicles, which will include a...

Elon Musk joins Twitter board after amassing massive stake

Elon Musk is joining Twitter's board of directors a day after revealing that he'd become the social media platform's largest shareholder with a 9% stake. The billionaire has criticiz...

Hertz to buy up to 65,000 electric vehicles from Polestar

Car rental company Hertz is planning to buy up to 65,000 electric vehicles from Swedish premium electric car maker Polestar over the next five years as it looks to boost its electric vehicle rental fl...

GameStop is surging again on first stock split in 15 years

Shares of GameStop surged Friday after the video game retailer announced that it would attempt its first stock split in 15 years. The Grapevine, Texas, company said in a regulatory ...

Media measuring company Nielsen to be acquired in $16B deal

Nielsen is being acquired for $16 billion, including debt, about a week after the media measurement company rejected a smaller offer earlier this month. Viewing data collected by Nie...

After years of rivalry, Uber puts NYC taxi cabs on its app

Uber, hit by driver shortages and a surge in food delivery requests during the pandemic, will list New York City taxi cabs on its app, a partnership that until recently would have been unthinkable wit...

Koch to continue running 2 glass facilities in Russia

Koch Industries is planning to continue running two glass manufacturing facilities in Russia, saying it doesn't want to hand over the plants to the Russian government. Koch's Guardia...

Lyft details fuel surcharge to help offset rising gas prices

Lyft will add a fuel surcharge of 55 cents to each ride given by drivers to offset surging gasoline prices. The company said earlier this week that it would be following DoorDash and...

Ford ramping up electric vehicles in Europe

Ford says it will have three new electric passenger vehicles and four new electric commercial vehicles in Europe by 2024, part of the automaker's continued push to grow its presence in the EV market. ...