What goals the EV maker must hit to receive $5.8 billion

Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  Joel Angel Juarez | Reuters DETROIT — Volkswagen Group increased its planned investment for a joint venture with electric vehicle startup Rivian Automotive to $5.8 billion as the companies have broader aspirations than they initially announced…

Ex-CNN anchor Don Lemon says he is quitting X over new terms of service

Left-leaning former CNN anchor Don Lemon said Wednesday he is quitting Elon Musk’s social media platform X — blaming the site’s new policy for all legal disputes to be heard in Texas.  Lemon — who is currently suing Musk in California after having his show on X canceled by the mogul — claimed the upcoming…

Nigeria signs $1.2 billion deal with Chinese state-owned company to revamp key gas plant

Nigeria has inked a $1.2 billion deal with a Chinese firm to revitalize a gas processing facility, a move that officials say could propel the African country to a leading position in aluminum production ABUJA, Nigeria — ABUJA, Nigeria (AP) — Nigeria has inked a $1.2 billion deal with a Chinese firm to revitalize a…

Just Eat Takeaway sells Grubhub for $650 million, just 3 years after buying the app for $7.3 billion

NEW YORK — European food delivery giant Just Eat Takeaway.com is selling Grubhub for $650 million, a fraction of the billions it spent to buy the U.S. platform just three years ago. Wonder Group, a New York-based food ordering company that touts “fast fine” dining, is set to be Grubhub’s new owner. Under terms of…

Red Lobster brings back fan-favorite item that caused ‘social media riot’ in menu rebrand

Red Lobster debuted new food offerings and brought back two popular items this week after the seafood restaurant chain overhauled its menu. “We’re thrilled to give our guests more reasons to celebrate this season with the launch of our new menu,” Chief Marketing Officer Nichole Robillard said in a statement. “From mouthwatering new dishes and the…

Meta must face FTC’s antitrust suit over Instagram, WhatsApp acquisitions

Facebook owner Meta Platforms must face trial in a Federal Trade Commission lawsuit seeking its break-up over claims that it bought Instagram and WhatsApp to crush emerging competition in social media, a judge in Washington ruled Wednesday. Judge James Boasberg largely denied Meta’s motion to end the case filed against Facebook in 2020, during the Trump administration, alleging that the company…

Yale ‘potentially more dangerous’ than Hamas

Bill Ackman declared that Yale University is “no different than Hamas” and that the Ivy League school is “potentially even more dangerous” than the Palestinian terrorist group. The billionaire hedge fund manager published a post that went viral on his X account. It quotes “a friend” who was “asked to write a recommendation for his…

Planet Fitness loses 11th hour bid to acquire bankrupt Blink

In an aerial view, customers leave a Planet Fitness gym in Richmond, California, on May 9, 2024. Justin Sullivan | Getty Images Planet Fitness lost its bid in bankruptcy court to acquire budget fitness chain Blink Holdings, according to court filings viewed by CNBC. Planet Fitness placed its competing eleventh hour bids early this month…

Insurance magnate pleads guilty as government describes $2B scheme

CHARLOTTE, N.C. — An insurance magnate who was once a big political donor in North Carolina is in federal custody after pleading guilty in connection to what prosecutors call a $2 billion scheme to defraud insurance regulators, policyholders and others through a myriad of companies from which he skimmed funds for personal benefit. Greg E….

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