PepsiCo said Tuesday that it’s buying Mexican American food company Siete Foods for $1.2 billion, marking the company’s first food acquisition in roughly five years.
Category Archives: business
With Hurricane Helene disrupting travel, here’s what fliers need to know
As the Southeast U.S. recovers in the aftermath of Hurricane Helene’s destruction, consumers looking to change their air travel plans to or from affected areas without taking a financial hit may be out of luck, experts said.
Why the Fed’s rate cut won’t immediately help car buyers or sales
DETROIT — The Federal Reserve’s decision to cut interest rates for the first time in more than four years is expected to eventually boost new vehicle sales, but not as quickly or by as much as some may expect.
Microsoft’s mammoth AI bet will lead to over $100 billion in data center leases
As Microsoft investors get ready for quarterly earnings this month, there’s one particular metric that’s become increasingly important: finance leases.
Flood insurance in focus after Hurricane Helene destruction
Only 6% of U.S. homeowners have flood insurance but even an inch of water in your home can cause up to $25,000 worth of damage. With storms like Hurricane Helene getting stronger, experts say many people nationwide do not have the coverage they need. NBC’s Stephanie Gosk reports for TODAY.
East and Gulf coast ports shut down as dock workers go on strike
Tens of thousands of dock workers are now on the picket lines from Main to Texas in what could be one of the most disruptive strikes in decades, with shipping up and down the East Coast brought to a standstill. NBC’s Christine Romans reports for TODAY.
East and Gulf Coast ports are headed for a major strike at midnight
Tens of thousands of longshoremen are likely to go on strike at midnight, shutting down dozens of major ports and choking off deliveries of a range of goods.
Verizon says network issues are resolved after a wave of outage reports
Verizon said it had restored service after experiencing a technical issue that led to hundreds of thousands of reports of outages on Monday.
194,000 Jeep plug-in hybrid SUVs recalled due to fire risk
Stellantis said Monday it is recalling 194,000 plug-in hybrid electric Jeep SUVs to address fire risks after 13 fires were reported, and it told owners to park outside and away from other vehicles until recall repairs are completed.
Dock strike looms on East and Gulf coast ports
A strike by tens of thousands of longshoremen threatened for midnight tonight could halt port operations from Maine to Texas, cost the U.S. economy billions of dollars and affect the supply of some key consumer items. NBC News’ Christine Romans reports.