McCormick will buy Unilever’s food business for a combination of cash and equity, in a deal that values the Unilever unit at nearly $45 billion, the two food companies announced. To purchase most of Unilever Foods’ portfolio, including Hellmann’s mayo and U.K. favorite Marmite, McCormick will pay $15.7 billion in cash. Unilever shareholders will own…
Have you ever overpaid for a beer? Matt Cortland has, and it set him on a path to never repeat the mistake. That is, for Cortland’s drink of choice: a pint of Guinness. After paying €7.80 (about $8.93) for Irish dry stout at a pub in Dublin earlier this month, the 37-year-old grew curious about…
The White House in Washington, DC, US, on Saturday, Jan. 3, 2026. Aaron Schwartz | Bloomberg | Getty Images The White House on Friday launched a smartphone app that touts a selection of President Donald Trump’s second-term accomplishments and curates favorable news articles. It also invites users to report tips to U.S. Immigration and Customs…
Two major CEOs told CNBC in recent months that the rise of artificial intelligence contributed to their decisions to hand over the reins and step down from their positions. It’s one of the latest insights into how America’s corporate leaders are sizing up the AI transition. Coca-Cola CEO James Quincey told CNBC’s “Squawk Box” on…
Argentina’s once thriving wine industry is facing its worst crisis in more than 15 years, with record-low domestic consumption, dwindling exports and low-yielding crops. Against this sobering reality, hundreds of wine enthusiasts still gathered last week in Mendoza, the heart of Argentina’s wine region, to celebrate the annual National Wine Harvest Festival. Attendees watched dance performances, enjoyed…
McDonald’s is rolling out its cheapest value menu in years, a move that could speak more to the state of the American economy than it does fast food. Even as sales rose for the quarter, executives at the world’s largest burger chain acknowledged in its February earnings call the fast food environment, which has pulled…