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Now he’ll be the one spending time in the can. The former CEO of Bumble Bee Foods on Tuesday was sentenced to more than three years in federal prison for his role in a conspiracy to fix the price of canned tuna. Christopher Lischewski had been convicted of one felony count in the fishy scheme …
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McDonald’s appears to be bouncing back from its coronavirus woes. Share’s of the fast food giant were up nearly 2 percent in early trading on Tuesday after it reported that US sales in May were down just 5 percent — a significant improvement from April, when they plummeted 19.2 percent. Global sales fell by 30 …
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CHICAGO/WASHINGTON – Smithfield Foods Inc. is missing about a third of its employees at a South Dakota pork plant because they are quarantined or afraid to return to work after a severe coronavirus outbreak, according to the workers’ union. Tyson Foods Inc (TSN.N) was forced to briefly close its Storm Lake, Iowa plant – a …
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The cut-throat food-delivery business is turning into a gladiator fight. Wall Street cheered the acquisition of Grubhub by Dutch-based delivery giant Just Eat Takeaway.com on Thursday, sending Grubhub’s shares up by 4.7 percent while pushing shares of Grubhub’s former suitor, Uber, down 11 percent. Uber, which owns UberEats, had been in talks to buy Grubhub …
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Grubhub on Wednesday was acquired by Dutch food delivery giant Just Eat Takeaway.com. The companies announced in a joint press release that they would merge in a deal valued at $7.3 billion. Shares of Grubhub shot up more than 6 percent in extended trading to $62.72. The merger puts an end to weeks of speculation …
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European food ordering firm Just Eat Takeaway.com said on Wednesday it was in advanced talks to buy Grubhub in an all-stock deal. Grubhub was also approached by ride-hailing firm Uber in May for an all-stock deal. Uber, however, is now close to exiting the deal, CNBC reported on Wednesday. Uber did not immediately respond to …
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It’s not the type of fun T.J. Sikkema expected to be having this summer, but the Yankees minor leaguer is making the most out of a difficult situation. Instead of being on a field for his first full minor league season, he’s spending his time with his girlfriend helping to deliver food to those who …
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Wendy’s said its beef supply “has returned to near normal levels” after a shortage left some restaurants without hamburgers. Nearly one in five Wendy’s restaurants stopped selling beef products last month as coronavirus outbreaks shuttered some of the nation’s largest meat processing plants, according to an analysis from investment bank Stephens. The fast-food chain managed …
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Grubhub has received interest from at least two European companies, Delivery Hero and Just Eat Takeaway.com, as potential acquirers, CNBC reported on Friday, citing people familiar with the matter. The news sent shares of Gruhub, which owns food delivery app Seamless, up 7.4 percent, to $61.76, in afternoon trading. Ride-hailing firm Uber in May approached …
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Uber said it will make changes to its ride-hailing app and Uber Eats delivery service to support black-owned businesses. In an email to customers late Thursday, CEO Dara Khosrowshahi said Uber Eats will promote black-owned restaurants on its app, and that the service will not charge delivery fees to those restaurants “for the remainder of …
Now he’ll be the one spending time in the can. The former CEO of Bumble Bee Foods on Tuesday was sentenced to more than three years in federal prison for his role in a conspiracy to fix the price of canned tuna. Christopher Lischewski had been convicted of one felony count in the fishy scheme …
