HONG KONG (AP) — General Mills is selling its Häagen-Dazs ice-cream shops in mainland China to an investor group that includes Chinese tea brand Ningji. Minneapolis-based General Mills said in a statement late Monday that the deal will allow the buyers to exclusively sell the Häagen-Dazs brand in ice cream shops and gifting businesses across…
That underscored a sluggish state of affairs at Mao Geping, about two months after opening its first overseas location in the city, and the broader challenges faced by Chinese beauty – dubbed C-beauty – brands seeking to expand sales outside the mainland. The cosmetics firm was named after founder Mao Geping, China’s most famous make-up…
News that Paramount is exploring a bid for all of Warner Bros. Discovery, just weeks after closing its acquisition of Skydance, has bent a few brains from Wall Street to Hollywood despite recent speculation that something was in motion. As the industry and investors take stock of the entertainment colossus that could be created, however,…
Angel Studios, the emerging film distributor whose crowd-driven model drove the success of left-field hit Sound of Freedom in 2023, is officially going public. The company said it has closed its SPAC merger with Southport Acquisition Corp., and its shares will start public trading Thursday on the New York Stock Exchange. Special-purpose acquisition companies, or…
Warren Buffett told CNBC on Tuesday that he is disappointed in the Kraft Heinz split that unwinds much of the blockbuster merger he masterminded a decade ago. With a 27.5% stake in the company, Berkshire Hathaway is Kraft Heinz’s largest shareholder. The firm has not touched its shares since the 2015 merger that formed the…
Brendan Blumer, Chairman of of Bullish and Tom Farley, CEO of Bullish, Bullish a cryptocurrency exchange operator, pose with staffs during the company’s IPO at the New York Stock Exchange in New York City, U.S., August 13, 2025. NYSE The Bullish IPO this week took on added significance, perhaps because of the company name. When…
NEW YORK (AP) — A public document filed by a company that just hired President Donald Trump’s two oldest sons as advisers included a sentence early Monday that said it hoped to benefit from grants and other incentives from the federal government, which their father happens to lead. But when The Associated Press asked the…
Amazon billionaire Jeff Bezos has been weighing a possible acquisition of CNBC, reports Alexandra Steigrad of The New York Post. Steigrad reports, “The 61-year-old e-commerce magnate has signaled interest to business associates in buying the cable network — home to ‘Squawk Box’ and ‘Mad Money with Jim Cramer’ — after it is spun off by NBCUniversal parent…
BEIJING — China’s stock market is buzzing over government promises to tackle price wars that have hurt profits and worsened global trade tensions. The prevailing catchphrase is “anti-involution,” and it reflects efforts to curb intense competition and overcapacity in industries like solar panels, steel, and electric vehicles. With rising trade barriers such as President Donald…
WASHINGTON (AP) — Online firearms seller GrabAGun Digital Holdings, with the stock ticker “PEW,” made its market debut on Wednesday after board member and son of the U.S. president, Donald Trump Jr., rang the opening bell at the New York Stock Exchange. Shares of GrabAGun spiked, and then plunged 21% in midday trading. GrabAGun, which…