Columbus, OH

Billionaire investor Carl Icahn and his firm Icahn Enterprises have settled charges for failing to disclose pledges of the company’s securities as collateral for billions of dollars in personal loans, US regulators said Monday.

Investor Carl Icahn charged with hiding billions in loans

Reuters

(Reuters) - Advance Auto Parts said on Thursday it would sell its Worldpac unit for $1.5 billion as part of its latest attempt at streamlining operations, but cut its annual results forecast, sending its shares down about 17%. The company will sell the unit to private equity firm Carlyle Group in cash, and the deal is expected to close before the year-end.

Advance Auto Parts sells Worldpac unit to Carlyle Group for $1.5 billion, cuts forecast

Business Times

In an ongoing battle to rival Amazon Prime, Walmart has unveiled a new perk for its Walmart+ members, teaming up with fast-food giant Burger King. The partnership, announced on Thursday, is a strategic move aimed at enticing more subscribers by offering a 25% discount on Burger King orders and free Whoppers every three months.

Walmart+ Teams Up with Burger King, Offering Free Whoppers and Discounts to Attract Subscribers

NBC News

Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Shares of the company rose more than 1% in extended trading. Here is what the company reported compared to what Wall Street was expecting, based on a survey of...

Starbucks is reeling as customers go elsewhere, sales decline

Cincinnati, OH

Kroger Co. has taken legal action against the Federal Trade Commission (FTC), seeking to block the regulator from using its in-house tribunal to review the grocery giant's proposed $25 billion merger with rival Albertsons. The lawsuit, filed in Cincinnati on Monday, challenges the constitutionality of the FTC's in-house review process, arguing that such a significant matter should be adjudicated in a federal court instead.

Kroger Sues FTC Over $25B Albertsons Merger, Challenges In-House Review Process

Deere & Co. posted earnings that beat analyst expectations amid a challenging period weighed down by sluggish sales and expenses from widespread layoffs. Deere’s global sales and revenues totaled $13.1 billion in the third quarter, down 17% from last year as farmers continue to pull back spending on tractors, precision technologies and other large purchases. Net income tumbled 42% to $1.7 billion, according to the report.

Deere turns to layoffs, manufacturing cuts to weather demand downturn

Business Insider

While some companies are moving away from diversity programs, it's something a majority of Americans support, per an April poll.

Companies from Harley-Davidson to John Deere are backing down on DEI

During a recent trip to Colombia, Meghan Markle has once again found herself at the center of controversy. The Duchess of Sussex, who famously mocked the British royal tradition of curtsying during her Netflix docuseries, is now being criticized for reportedly teaching Colombian children to perform the very gesture she once derided. The incident has sparked widespread criticism, with many accusing Meghan of hypocrisy and questioning the sincerity of her actions.

Meghan Markle Under Fire for Embracing Royal Traditions She Once Mocked

BMW has overtaken Tesla in monthly sales for the first time, marking a crucial milestone for traditional automakers as they challenge the dominance of Tesla in the rapidly evolving sector. According to data released by market research firm JATO Dynamics, BMW sold 14,869 battery electric vehicles (BEVs) in July 2024, surpassing Tesla's 14,561 units, despite an overall decline in EV sales across the continent.

BMW Surpasses Tesla in European EV Sales as Traditional Automakers Gain Ground

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

The proposed acquisition of Seven & i Holdings Co., the Japanese conglomerate that owns 7-Eleven, by Alimentation Couche-Tard, the Canadian operator of Circle K, is poised to face significant antitrust scrutiny, especially in the United States. Retail analysts are already sounding alarms over potential regulatory challenges that could arise from the deal, which would combine two of the largest convenience store chains in the country.

Proposed 7-Eleven Buyout by Circle K Parent Faces Antitrust Hurdles

Ohio State

The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

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NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

A recent viral article on Chinese social media has captured widespread attention, revealing the tragic death of a 33-year-old graduate from an unnamed university in Beijing. The woman, who allegedly died of starvation in her rented apartment in Xi'an, has become a poignant symbol of the harsh realities faced by many young people in China's increasingly competitive job market.

Chinese Graduate Dies of Starvation in Rented Apartment, Sparking National Outcry Over Youth Struggles

Morristown, NJ

Morristown Minute

NEWARK, N.J. – Sixteen individuals have been charged in connection with a widespread "grandparent scam" that defrauded elderly Americans out of millions of dollars. The charges were announced by U.S. Attorney Philip R. Sellinger.

16 Charged in Nationwide 'Grandparent Scam'; Millions Stolen

24/7 Wall St.

With over a year of interest rates continuing to remain above 5%, many investors appear to be taking a more defensive approach to portfolio construction. That’s not to say that capital is increasingly flowing into mega-cap companies that are generally considered to be safer due to their size. In fact, a rotation has been building […]
The post 3 Stocks That Will Pop From a Big Interest Rate Cut appeared first on 24/7 Wall St..

3 Stocks That Will Pop From a Big Interest Rate Cut

It took a bit of detective work for David Rashid to figure out how a China-based competitor was reportedly evading U.S. tariffs by using countries like Thailand as a springboard to the American market. Rashid, executive chairman of auto parts maker Plews and Edelmann, did everything from hiring Mossad agents...

Auto parts executive slams China’s alleged end run around US tariffs

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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J. Souza

A retired military officer who had been struggling with post-traumatic stress disorder (PTSD) tragically died after jumping from the world’s largest cruise ship last month, authorities confirmed.

Cruise Passenger Who Jumped from World's Largest Ship After Dispute Suffered with PTSD

Georgia State

The Current GA

A state Supreme Court’s decision reversing a lower court’s ruling that a private contractor was exempt from the Georgia Open Records Act is being hailed as a win for open government.

State Supreme Court rules Open Records Act applies to private contractors working for governments

Denver, CO

In addition to collecting more than 8,000 used needles in the past year from Denver drug users, the Harm Reduction Action Center passed out 10,000 meth pipes and “snort kits,” according to a newsletter sent to its supporters Thursday. They also connected about 1,700 people to medical, mental health and substance abuse treatment.

Denver group hands out 10K meth pipes, ‘snort kits,’ connects 1,700 to treatment annually

NewsBreak

Advance Auto Parts Sells Worldpac for $1.5 Billion Amid Profit Downgrade and Investor Pressure

Advance Auto Parts announced on Thursday the sale of its Worldpac unit...

Advance Auto Parts Sells Worldpac for $1.5 Billion Amid Profit Downgrade and Investor Pressure

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