Lyft Raises $500 Million, Now Valued at $7.23 Billion
Ride-sharing service Lyft has raised $500 million through another round of venture capital funding, raising the company's valuation to $7.23 billion.
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AdvancePierre Gears Up for Secondary Offering
AdvancePierre Foods intends to offer more than 12 million shares in a secondary offering valued up to around $439 million.
Yum China Rises Despite Mixed Earnings
Yum China reported mixed first-quarter financial results before the markets opened on Thursday.
JAB Adds Panera Bread to Its Long List of Popular Consumer Brands
European investment firm JAB Holding acquires Panera Bread for more than $7 billion in an all-cash deal. JAB has been a serial acquirer of high-quality brands for the several years.
Camping World Files for Secondary Offering
Camping World intends to offer 7 million shares in a secondary offering valued up to more than $253 million.
How Analysts View FedEx After Earnings
FedEx missed fiscal third-quarter estimates, but it seems that the impact was not that severe as shares traded up on Wednesday.
Why FedEx Earnings Were Less than Investors Hoped For
FedEx reported Q3 adjusted diluted EPS of $2.07 on revenues of $15 billion. Q3 results compare to the Thomson Reuters consensus estimates for EPS of $2.62 and $14.99 billion in revenue.
What Sprouts Can Fetch in a Buyout
It was reported Sunday that Albertsons and Sprouts Farmers Market held preliminary merger talks with proposed plans to take Sprouts private.
Chipotle Board to Lose 4 More Directors
Struggling restaurant chain, Chipotle Mexican Grill, said this morning that four of its current board of directors will not seek another term at the shareholder meeting scheduled for May.
McDonald’s Beats Back Workers’ Lawsuit
Last Friday, a federal District Court in Northern California granted McDonald's bid for summary judgment in a case involving the company's liability for unfair labor practices at its franchised stores.
Marijuana Firm Charged With Misrepresenting ‘Record’ Revenues
California-based marijuana vending machine company Medbox saw its supposed revenues go up in smoke after the firm faced an investigation from the SEC.
Starbucks Remains One of the Most Ethical Companies
Starbucks is more than just a ubiquitous and dependable place to get your daily cup of coffee. It has a role in driving positive change in the business community and societies around the world.
Large Investor Registers Chipotle Shares, Could (But May Not) Sell
Another investor may have become tired of the mess at Chipotle Mexican Grill. William A. Ackman's Pershing Square is preparing to sell shares.
Why Investors Aren’t Hungry for Shake Shack Earnings
Shake Shack Inc. (NYSE: SHAK) reported its fourth quarter financial results after the markets closed on Wednesday. The burger joint said that it had $0.09 in earnings per share (EPS) and $73.3 million in…
Will Uber Replace CEO Kalanick?
Uber CEO Travis Kalanick found himself in hot water after a video surfaced of him arguing with an Uber driver. The question is whether it is enough for him to get the boot.