MCCORMICK
801 restaurant group files chapter 11 bankruptcy as 801 Chophouse chain faces rising costs and Minneapolis closure
801 Restaurant Group, owner of 801 Chophouse, has filed for Chapter 11 bankruptcy to manage growing debt and business pressure. The sudden closure of its Minneapolis location highlights challenges in downtown dining. Rising costs, fewer office crowds, and changing customer habits are hurting sales. The company plans to stay open and fix its finances.
Mark Zuckerberg's surprising move inside Meta AI labs to take on rivals OpenAI and Google. Here's what the tech billionaire is doing
Tech billionaire Mark Zuckerberg has made a surprising move inside the Meta AI labs to take on OpenAI and Google. He is now sitting next to Meta AI chief Alexandr Wang and former GitHub CEO Nat Friedman and is busy coding all day. It shows how seriously he is taking Meta's bid to compete with rivals in the generative AI race.
Goldman Sachs shares fall 5% despite 19% YoY earnings growth amid Wall Street gloom
Goldman Sachs shares dropped nearly 5% despite strong Q1 results, as geopolitical tensions and market volatility weighed on sentiment. Revenue, profit, and trading performance improved year-on-year, but broader uncertainty pressured the stock.
Goldman Sachs posts higher profit on strength in dealmaking, equities trading
Goldman Sachs posted a rise in first-quarter profit on Monday, as the Wall Street bank benefited from strength in dealmaking and equities trading.
Hindustan Unilever to focus on regaining market share: Global CEO Fernando Fernandez
Unilever's leader, Fernando Fernandez, has placed his trust in Priya Nair, the head of India operations, as she embarks on a transformative journey to innovate the company’s offerings. Recognizing the challenges posed by rivals, the company is committed to regaining its competitive edge in India.
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A mountain hideout and aircraft under fire: US carries out daring rescue of service member in Iran
American forces executed a daring rescue of two pilots shot down by Iran. One pilot was extracted from enemy territory, while the second, hiding in mountains, was located after a CIA deception campaign. The complex mission involved overcoming enemy fire and technical issues, leading to the destruction of two transport planes. No American lives were lost in the operation.
AI in 2026 and beyond: The new admissions filter no one can afford to ignore
AI is transforming the job market. Universities are adapting admissions to assess AI readiness. Students need to demonstrate responsible AI use and agentic capabilities. This involves defining goals, using AI as a collaborator, and verifying outputs. Future employability hinges on proving you can leverage AI to handle routine tasks, freeing you for human-centric work.
Unilever to freeze hiring as Iran war drives up shipping costs
This move addresses rising costs linked to the Iran war. The company is also cutting jobs and changing bonus structures.
Unilever bets on 'super growth assets' to strengthen India play
Unilever is prioritizing smaller, high-growth acquisitions in India and the US, focusing on premium and digitally native brands. This strategic shift aims to accelerate exposure to fast-growing markets and deepen e-commerce presence, while the company exits slower-growth food categories globally. India's strategic importance is highlighted as it was excluded from a recent food business merger.
US Stock Market | Wall Street soars as traders bet on potential war off-ramp
Indian markets saw a significant boost as Wall Street surged on hopes of peace in the Middle East. This development eased concerns over rising oil prices and inflation. Major US indexes experienced their biggest gains since May 2025. Technology stocks like Nvidia and Alphabet performed strongly.
US Stocks today: Dow Jones soars 1,125 points, Nasdaq, S&P 3% as Iran war de-escalation seen
Wall Street surged Tuesday as speculation of a de-escalation in the Middle East conflict eased oil price and inflation fears. Major indexes rallied following reports of President Trump's willingness to end military action against Iran. Investors are seeking indications of a normalized energy flow through the Strait of Hormuz.
US Stocks: Unilever, McCormick strike deal to create $65 billion food giant; shares fall
Unilever will merge its food business with spice maker McCormick, it said on Tuesday, creating a company worth around $65 billion in the second-largest food transaction in history.
Why is Unilever hiving off its food business?
Unilever is merging its food business with spice maker McCormick in a massive $65 billion deal. This move aims to reshape the company's focus. Unilever's food division faces challenges from changing consumer habits and market saturation in developed regions. The deal excludes operations in India, Nepal, and Portugal. This significant transaction is set to create a new entity.
Unilever considers carving out its food business; India won't be part of McCormick deal
Unilever is in advanced talks to combine its global foods business with McCormick & Company. The deal, potentially worth $15.7 billion, will exclude Unilever's India foods operations. Hindustan Unilever's foods business remains a core part of its strategy. Discussions are ongoing, and an agreement could be reached soon. This move aims to reshape Unilever's portfolio.
Global Markets | European shares on track to snap eight-month winning streak as Mideast conflict weighs
European stocks inched up on Tuesday as investors drew some comfort from hopes of de-escalation in the Middle East war, but the benchmark index was still set for its sharpest monthly decline since 2020 amid supply-chain disruptions.
Why is Unilever looking to sell its food business?
In a strategic pivot, Unilever is exploring the sale of its food division to McCormick & Company, a potential match that could fuse popular brands such as Hellmann's and Knorr with McCormick's own beloved Cholula hot sauce. This move reflects Unilever's commitment to refining its business model in response to shifting consumer tastes and competitive pressures.
Unilever nears deal to create $60 billion food giant with spice-maker McCormick: Report
Unilever is reportedly nearing a massive $60 billion deal to merge a significant portion of its food business with McCormick & Company. This cash-and-stock transaction, potentially announced soon, would see Unilever shareholders holding about two-thirds of the new entity. The move signals a major consolidation within the global food sector, uniting two prominent names in packaged foods and seasonings.
Delaware judge accused of bias reassigns Musk cases
Chancellor Kathaleen McCormick of the Court of Chancery said she was reassigning three cases against Musk and Tesla board members that are potentially worth billions of dollars after the defendants said she supported a post on LinkedIn celebrating a jury verdict against Musk in an unrelated securities fraud case.
A billion dollars each? While you work 9-to-5, these 6 Meta execs are in line for a billion-dollar AI payday
Meta plans huge AI growth and may reward six top executives with massive bonuses. The payouts depend on strong company performance and future targets. This comes as layoffs happen and spending on artificial intelligence rises. The company is aiming for major expansion. At the same time, Meta also faces legal and workplace challenges while reshaping teams and focusing more on AI development.
Mark Zuckerberg's Meta rolls out Small Business initiative to drive AI adoption among MSMEs
The new initiative signals Zuckerberg's strategic push to build on one of Meta’s core strengths amid intensifying AI competition. Per a December 2025 report, 92% of businesses using the company’s platforms in India are MSMEs.
OpenAI taps JioStar exec; Jio's pre-IPO moves
JioStar top executive Kiran Mani has resigned from his role and will join OpenAI to lead its Asia Pacific operations. This and more in today's ETtech Top 5.
Meta grants senior executives stock awards to retain talent
The pay boost comes as Meta, like other major tech firms, races to gain an edge in AI, intensifying a battle for senior talent. CEO Mark Zuckerberg has been pushing the company to compete more forcefully in generative AI.
LaGuardia crash underscores pressures on already strained air traffic control workforce
A tragic runway collision at LaGuardia Airport claimed the lives of two pilots. An Air Canada jet crashed into a fire truck during a chaotic emergency. Air traffic controllers faced immense pressure managing multiple incidents. This incident renews focus on controller staffing shortages and system strain. Investigations are underway to understand the factors leading to this grave accident.
Air Canada Express plane crash: Stories of survival emerge from deadly New York airport collision
An Air Canada jet collided with a fire truck at LaGuardia Airport, resulting in the deaths of the pilots and injuries to passengers and crew. Passengers bravely evacuated the aircraft, with some assisting others. Investigators are examining air and ground traffic coordination following the catastrophic wreck.
HUL rebuts divestment buzz, says foods business ‘core’ as Unilever confirms talks after inbound offer
Hindustan Unilever has denied speculation of divesting its foods business, stating it remains a core and attractive segment. Parent Unilever confirmed talks with McCormick & Company following an inbound offer, but emphasized no deal is certain. The Indian foods business, generating over ₹15,000 crore annually, is a key pillar of HUL's strategy.
Unilever in takeover talks with McCormick for food business
Unilever is in discussions with McCormick & Company regarding the potential sale of its food division. This business includes well-known brands like Hellmann's and Knorr. The companies have confirmed these talks are ongoing. A deal could bring together popular brands from both corporations. Unilever is strategically shifting its focus towards higher-return personal and beauty categories.
Unilever explores food business tie-up with McCormick: Report
Unilever is reportedly in discussions to merge its food division with spice maker McCormick. This potential all-stock deal could unite popular brands like Hellmann's and Cholula. The move comes as Unilever aims to streamline its operations. Food companies are facing challenges with consumer spending. McCormick has a market value of around $14.
Hundreds of thousands of travellers stranded by flight disruptions after attack on Iran
A coordinated attack by America and Israel on Iran has caused widespread flight disruptions across the Middle East and beyond. Multiple countries closed their airspace, leading to the cancellation of over 1,000 flights and stranding hundreds of thousands of travelers.
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