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Sysco Stock Falls After Report Of Temporary Halt In Fresh Food Sales
Wednesday, April 1, 2020 - 3:14pm | 480Shares of Sysco Corporation (NYSE: SYY) were lower by around 13% Wednesday afternoon following a Tuesday New York Post report which suggested the food distributor giant temporarily stopped selling fresh meat and produce. Sysco's Memo To Customers Food wholesalers and distributors are...
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Rival Meat Subscription Investor Wants To Purchase Blue Apron
Friday, February 28, 2020 - 6:34am | 291Struggling Blue Apron Holdings Inc. (NYSE: APRN), a food kit delivery service, has received an offer from Tai Lopez, an investor in the meat subscription firm Farmers Box. What Happened Blue Apron, facing increasing competition and decreasing sales, had said it might "put itself up for...
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Subway Franchisees Reportedly Hate New CEO's Promotional Stance
Tuesday, December 3, 2019 - 1:07pm | 459Fast-food sandwich chain Subway is set to introduce new deals in January that place additional pressure on already struggling franchisees, according to The New York Post. Subway's Promotional CEO Subway's advertising agency discussed several discounts the restaurant is set to...
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Miami State Of Mind: Carl Icahn Is Leaving New York
Friday, September 13, 2019 - 8:57am | 409Billionaire investor Carl Icahn is closing his White Plains New York office and relocating to Florida and will do so with or without his current employees. What Happened Icahn told his Icahn Enterprises (NASDAQ: IEP) employees in a May 17 letter he will close the New York office on March 31, 2020...
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GrubHub Shares Lower As New York State Authority Could Curb Delivery Fees
Thursday, July 11, 2019 - 9:37am | 166GrubHub Inc (NYSE: GRUB) shares traded lower after the New York Post reported the New York State Liquor Authority could curb delivery fees. The New York State Liquor Authority is responsible for regulating restaurants serving alcohol and is currently scrutinizing the business model and developing...
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GrubHub Shares Fall In Wake Of Report On Duplicate Restaurant Websites
Monday, July 1, 2019 - 12:07pm | 406Online restaurant and food delivery company GrubHub Inc (NYSE: GRUB) may have created tens of thousands of websites with the purpose of increasing prices on its platform, according to The New York Post. What Happened GrubHub bought 34,000 website URLs since 2010 that looked like a partner...
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Report: GrubHub Refunds Restaurant After Excessive Billing
Tuesday, June 25, 2019 - 10:24am | 480Food ordering and delivery marketplace company GrubHub Inc (NYSE: GRUB) refunded at least one restaurant $10,000 after charging $5 to $9 each for phone inquiries from customers, even if no order was placed, the New York Post reported. What Happened An anonymous restaurant owner revealed to The...
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Report: Sotheby's Could Get Other Offers
Friday, June 21, 2019 - 2:30pm | 207Sotheby’s (NYSE: BID) could get offers from other rival investors, according to the New York Post. Patrick Drahi's BidFair earlier this week reached an agreement to acquire Sotheby's for $3.7 billion, but it seems the bidding war is not over yet. According to the New York Post,...
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Report: Caesars, Carl Icahn Getting Close On Deal, But Price Is Sticking Point
Tuesday, June 18, 2019 - 8:59am | 343Caesars Entertainment Corporation (NASDAQ: CZR) is looking to sell itself for $13 per share, but billionaire investor and major shareholder Carl Icahn is willing to accept a lower offer, according to the New York Post. What Happened Caesars received an offer to sell itself to rival casino company...
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Report: Apple Has Eye On Gold Statues With Movie Developments
Monday, June 17, 2019 - 7:48am | 185Apple Inc. (NASDAQ: AAPL) is looking to produce six low-budget films per year, for its Apple TV+ service, according to the New York Post. According to the report, Apple has been targeting directors and other filmmakers and offering them budgets of between $5 million and $30 million per film. "...
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Report: Amazon Shopping For New York Office Space
Tuesday, May 28, 2019 - 10:20am | 232Online retailer and tech giant Amazon.com, Inc. (NASDAQ: AMZN) is once again shopping for office space on Manhattan’s West Side, according to the New York Post. Amazon shares were trading up more than 1 percent at the time of publication Tuesday at $1,842.36. Amazon has been in talks...
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Report: Kraft Heinz Having Difficulty Unloading Maxwell House
Friday, April 26, 2019 - 10:56am | 421Food company Kraft Heinz (NASDAQ: KHC),has struggled to sell the Maxwell House coffee brand since putting it up for sale in February for about $2.5 billion, the New York Post reported Thursday. What Happened Potential buyers met with Kraft Heinz in April to look at the books, but no...
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Nielsen Holdings Drops 10% After New York Post Report
Thursday, March 28, 2019 - 12:01pm | 391Shares of measurement and data analytics company Nielsen Holdings PLC (NYSE: NLSN) lost 10 percent Thursday morning in reaction to a New York Post report. What Happened Nielsen's management said in late 2018 it was considering strategic alternatives, including a sale. One of the...
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Report: Carl Icahn Accumulates Dollar Tree Shares
Tuesday, October 16, 2018 - 3:03pm | 345Billionaire investor Carl Icahn established a large stake in struggling Family Dollar in 2014. He pressured the company to seek a buyer and turned a significant profit when it was acquired by Dollar Tree, Inc. (NASDAQ: DLTR) for $8.5 billion. What Happened Icahn is now assembling a large stake...
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Report: Ousted Papa John's CEO Wanted To Merge With Wendy's
Thursday, July 19, 2018 - 9:31am | 392Recently ousted Papa John's Int'l, Inc. (NASDAQ: PZZA) CEO John Schnatter reportedly held merger talks with burger fast food chain Wendys Co (NASDAQ: WEN), The Wall Street Journal reported Wednesday. What Happened Talks between the company Schnatter founded and Wendy's were in...