Lloyd Blankfein could be leaving Goldman Sachs by the end of the year. Dow Jones reporting the Chief Executive's successor will be one of the firm's two co-presidents, Harvey Schwartz or David Solomon. Blankfein is angling to leave ahead of the bank's 150th anniversary in 2019.
Former President Barack Obama reportedly in advanced talks with the streaming giant on an unprecedented production deal. The New York Times reporting Barack and Michelle Obama would create exclusive content both in front of and behind the camera.
Costco is taking buying in bulk to a whole new level.
the big box retailer is now selling doomsday food kits capable of feeding a family of four for one year. You can get a mass supply of fruit, dairy, protein, and grains for prices between $1,000-6,000 dollars. The food has about a 25-year shelf life. the most expensive package includes 600 cans of food with a per-person diet of 2,000 calories a day. the packaging weighs in at about eighteen hundred pounds and is shipped discretely without labels, so you'll be able to stock up secretly.
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.
President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie ahead of the board considering the largest railroad merger ever proposed.
