When Ritu Narayan was building her career in Silicon Valley, she found herself trying to juggle getting her kids around town. Companies like Uber and Lyft legally can't transport unaccompanied minors, so she created her own solution.
Zūm is a rideshare service that caters specifically to busy parents. They hire drivers with experience in childcare. Parents can send their kids from point A to point B with well-vetted drivers, who can also act as nannies.
Rides start at $16, and go up from there, depending on the length of the trip and the length of childcare needed. Currently, Zūm is only available in the San Francisco Bay Area. Co-Founder and CEO Narayan says the company plans to expand to Southern California and other major markets, like Chicago, in the next year or two.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
