A growing E. coli outbreak linked to McDonald’s Quarter Pounder hamburgers has alarmed health officials and consumers alike, with at least 75 individuals across 13 states reportedly affected. The Centers for Disease Control and Prevention (CDC) has been working alongside local health departments to trace the source of the contamination, which has predominantly been associated […]
Lindsay Corporation’s shares surged following a stellar fourth-quarter earnings report, where the company outperformed analyst forecasts. The firm reported an earnings per share (EPS) of $1.17, exceeding market expectations of $1.04. The robust revenue of $155 million, up from the estimated $145.37 million, has reaffirmed Lindsay’s strong position in the industrial products sector. Despite a […]
McDonald’s Corporation, the global fast-food giant, is reeling as its stock price plummets following an E. coli outbreak linked to its Quarter Pounder burgers. The CDC has reported 49 cases across ten U.S. states, with Colorado and Nebraska seeing the highest numbers. McDonald’s shares dropped over 3.5% as a result, becoming the worst-performing stock on […]
In a significant development for the heavy-duty aftermarket industry, FleetPride, Inc., the United States’ largest independent distributor of aftermarket heavy-duty parts and services, has announced the acquisition of the assets of Wheelco Truck & Trailer Parts and Service. This acquisition is poised to significantly bolster FleetPride’s operational capabilities and service offerings across South Dakota, Minnesota, […]
In a strategic expansion move, Dollar General marked the grand debut of its Dollar General Blair distribution center in Blair, Nebraska distribution center – a facility showcasing dual-functionality, merging traditional and DG Fresh supply chain features. This inaugural event was not only a moment of corporate growth but also underscored the Company’s deep-rooted commitment to […]
AMCON Distributing Company, a Nebraska-based convenience distributor, has agreed to acquire Minnesota-based Henry’s Foods for an undisclosed price. Headquartered in Alexandria, Henry’s Foods caters to food service accounts, grocery stores, and convenience stores. The products it supplies are from brands such as Grandma E’s Bakery, DeliMax, Java Classics, Teco’s Tacos, Fresh Pressed Café, and Slammerz […]
Nebraska-based Carson Group has acquired Northface Capital Holdings, a financial planning and wealth management firm, for an undisclosed price. Based in Massachusetts, Northface Capital Holdings has $200 million in assets under management. Carson Group said that Chris Tobey, the previous owner of Northface Capital Holdings sold the business for multiple reasons. The main factor is […]
MetLife said that its subsidiary — Metropolitan Tower Life Insurance has wrapped up a couple of longevity reinsurance deals with Phoenix Group, a UK-based long-term savings and retirement business. As per the terms of the agreement, Metropolitan Tower Life Insurance will provide reinsurance to Phoenix Group for longevity risk associated with nearly $2.4 billion of […]
Monolith has inked a collaboration agreement and letter of intent (LOI) with The Goodyear Tire & Rubber Company on the development and possible use of clean carbon black produced at the former’s Olive Creek facility in Hallam, Nebraska for the latter’s tire manufacturing. The chemical and energy company anticipates starting construction on its expanded Olive […]
Natural Law Energy (NLE) has agreed to acquire a stake of 12% in the $8 billion Keystone XL pipeline project from TC Energy for CAD 1 billion ($763.7 million). The deal follows a memorandum of understanding (MOU) signed by the parties in September 2020 to allow Natural Law Energy to invest in the pipeline project as […]