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Markets

Kraft Heinz to sell Planters, Corn Nuts brands to Hormel for $3.35 billion

Kraft Heinz said on Thursday (Feb 11) that it plans to sell its nuts business - including most Planters and Corn Nuts products - to Hormel Foods Corp for US$3.35 billion, sending shares up 6 per cent.

Markets

Carlos Ghosn’s accused escape plotters lose US court bid to delay Japan extradition

A U.S. appeals court on Thursday declined to further delay the extradition to Japan of two men charged with helping former Nissan Motor Co Ltd Chairman Carlos Ghosn flee the country.

Markets

Twitter to add more labels identifying world leader and government accounts

Twitter Inc said on Thursday it will next week add labels to identify more state-affiliated accounts, including world leaders' personal accounts, to give users more context for geopolitical conversations on the platform.

Markets

Federal agencies launch probe into possible manipulation after GameStop trading frenzy: WSJ

Federal prosecutors and regulators are investigating whether "market manipulation or other types of misconduct" led to a meteoric rise in shares of companies such as GameStop and AMC, the Wall Street Journal reported on Thursday.

Markets

Bumble’s US$14 billion date: Blackstone-backed dating app soars on market debut

Shares of Bumble Inc, backed by Blackstone Group Inc, were set for a more than 67per cent jump in their market debut on Thursday, indicating a valuation of over US$13 billion for the operator of the dating app where women make the first move.

Markets

New US data next week to show 7.8per cent of workforce have multiple jobs

The U.S. Commerce Department's Census Bureau said on Thursday it will present new data next week that will show 7.8per cent of the country's workforce hold multiple jobs, a trend that has been on the rise during the past 20 years.

Markets

Once down in the weeds, cash-strapped pot producers raise billions in market rally

A political shift in the United States has unlocked an estimated US$1.38 billion jackpot for struggling pot producers who have cashed in on a surge in their shares since President Joe Biden's election in November.

Markets

From dismal winter, some US data starts to move higher

High-frequency measures of the U.S. economy may be showing the first signs of an expected spring revival, with employment at small and medium-sized businesses rising slightly, and traffic to retail stores improving from the levels of last fall when the coronavirus surged.

Markets

Kraft Heinz to sell Planters, Corn Nuts brands to Hormel for US$3.35 billion

Kraft Heinz Co said on Thursday that it plans to sell its nuts business - including most Planters and Corn Nuts products - to Hormel Foods Corp for US$3.35 billion, sending shares up 6per cent.

Markets

Blackstone-backed Bumble set to be valued at more than US$13 billion in debut

Shares of Bumble Inc, backed by Blackstone Group Inc, were set for a more than 67per cent jump in their market debut on Thursday, indicating a valuation of over US$13 billion for the operator of the dating app where women make the first move.

Markets

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