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Pepsi on Its Way to Surpassing Coca-Cola’s Value

PepsiCo Inc. is on course to take over as the biggest U.S. beverage company by market value, supplanting rival Coca-Cola Co., according to Wall Street analysts.

November 13, 2023

Amazon to Expand Grocery Delivery

Amazon.com Inc. is rolling out grocery delivery service for non-Prime members to the wider U.S. as it prepares to open more supermarkets next year.

November 9, 2023

Rivian to End Exclusivity With Amazon

Electric vehicle maker Rivian said Nov. 7 that it will allow other companies to purchase its fleet of delivery vans, ending an exclusive agreement with Amazon.

November 8, 2023

ADM Strikes Supply Deal for US Plant-Based Chemical Factory

Archer Daniels Midland Co. has agreed to supply biochemical maker Solugen Inc. with raw materials needed to make plant-based acids at a plant to be built in southwest Minnesota.

October 30, 2023

Amazon Reports Q3 Revenue Gained 13% to $143.1 Billion

Amazon CEO Andy Jassy gave investors much of what they wanted: robust sales and profit growth along with a hint that the cloud division earnings machine is regaining momentum.

October 27, 2023

Amazon to Test Prescription Delivery by Drone

Amazon will soon make prescription drugs fall from the sky when the e-commerce giant becomes the latest company to test drone deliveries for medications.

October 18, 2023

Sysco to Buy Food Service Distributor Edward Don & Co.

Sysco Corp. is to buy Chicago-based food service equipment and supplies distributor Edward Don & Co. for an undisclosed sum, the S&P 500 member said.

October 16, 2023

Rite Aid Files for Bankruptcy

PHILADELPHIA — Rite Aid said Oct. 16 that it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan.

October 16, 2023

California Eyes Lawsuit to Block Kroger-Albertsons Deal

California is preparing a lawsuit to block Kroger Co.’s $24.6 billion acquisition of Albertsons Cos. on concerns the deal could hurt consumers and workers, Attorney General Rob Bonta said.

October 12, 2023

Mercedes Challenges Tesla's Battery-Powered Semi

Mercedes-Benz Trucks revealed a heavy-duty #electric #truck to take on Tesla’s battery-powered Semi, the latest move in the intensifying race to decarbonize road logistics. 

October 12, 2023