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Kimberly Redmond | Equities.com |

The largest shareholder of At Home Group plans to oppose a deal to take the home décor chain private because it believes the sale price is too low, according to The Wall Street Journal.

In a letter sent Sunday to the board of directors, CAS Investment Partners – which owns around 17% of At Home’s shares – wrote that it plans to vote against a $2.4 billion proposed sale to private equity firm Hellman & Friedman.


Kimberly Redmond | Equities.com |

AT&T Inc announced Monday that WarnerMedia LLC and Discovery Inc are merging to form a new company that will become one of the largest media businesses in the US.

Under the agreement, AT&T will effectively unwind its $85 million acquisition of Time Warner, which closed three years ago, to form a new streaming giant with Discovery.


Reuters | Equities.com |

General Mills Inc said on Friday it would buy Tyson Foods Inc's pet treats business for $1.2 billion in cash, as the cereal maker builds its pet food portfolio at a time people are increasingly adopting cats and dogs.

The deal would add Nudges, Top Chews and True Chews brands to General Mills' portfolio that already includes Blue Buffalo pet foods label. The Cheerios maker bought Blue Buffalo for $8 billion in 2018, betting on the fast-growing pet foods segment.


Reuters | Equities.com |

Disappointing growth of Walt Disney Co's namesake streaming service on Thursday overshadowed better-than-expected overall profits, driving down shares of the entertainment company.

Shares of Disney fell 3.7% in after-hours trading.


Kimberly Redmond | Equities.com |

Billionaire investor Bill Ackman’s hedge fund, Pershing Square Capital Management LP, has amassed a 6% stake in Domino’s Pizza Inc (NYSE: DPZ), according to The Wall Street Journal.

During The Wall Street Journal’s Future of Everything Festival on Wednesday, Ackman revealed Pershing Square exited what was once a stake of more than 1% in Starbucks Corporation after the coffee chain’s quick rebound from the pandemic and picked up Domino’s shares following a pullback.


Kimberly Redmond | Equities.com |

McDonald’s Corporation is raising pay at 650 company-owned restaurants across the US as part of its effort to hire thousands of new employees.

Amid a nationwide labor shortage within the restaurant and hospitality industry, the Chicago-based fast-food giant announced Thursday it will increase hourly wages by 10% over the next few months for more than 36,500 workers.


Kimberly Redmond | Equities.com |

Chinese driverless car start-up WeRide Corp announced Thursday it has raised new capital valuing the company at $3.3 billion dollars.

WeRide did not share how much was raised in the series C funding round, noting only that it was “hundreds of millions” of dollars from investors including IDG Capital, Homeric Capital, CoStone Capital, Cypress Star, Sky9 Capital and K3 Ventures. Existing investors CMC Capital Partners, Qiming Venture Partners and Alpview Capital also participated in the round.


Kimberly Redmond | Equities.com |

Amazon.com Inc (Nasdaq: AMZN) blocked more than 10 billion suspected phony listings in 2020 as part of an effort to crack down on counterfeit sellers on its site.

In its first-ever brand protection report released this week, the e-commerce giant said it destroyed more than 2 million counterfeit products sent to its warehouses last year before they could be sold.


Reuters | Equities.com |

Société Générale on Thursday recorded a higher than expected first quarter profit as its equities unit rebounded from an earnings wipeout to post its best performance in six years.

France's third-largest listed bank, which tumbled in 2020 to its first full-year loss for a decade as the COVID-19 pandemic rattled its businesses, posted a 814 million euros ($977.37 million) net profit in the quarter against a 326 million euros loss a year ago.


Reuters | Equities.com |

Oakley and Ray-Ban maker EssilorLuxottica's first-quarter sales continued on the path to recovery from the impact of the COVID-19 pandemic, boosted by a strong rebound in China and the United States.

The company, which makes sunglasses and spectacle frames for brands such as Chanel, Prada and Versace, was hit by coronavirus lockdowns and travel curbs last year, which knocked demand for sunglasses in particular.