Starbucks Corporation ( SBUX ) announced a sweeping restructuring initiative this week, including the closure of coffee shops and workforce reductions, as part of its Back to Starbucks ( SBUX ) turnaround strategy. The plan, approved by the board of directors in an exchange filing on September 23, 2025, aims to enhance the customer experience and allocate resources more directly...

LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Park West Asset Management LLC, investment adviser to the funds named in 1(b).   (b) Owner or controller of interests and short...

Sept 25 (Reuters) - Elon Musk's xAI has struck a deal with the U.S. General Services Administration (GSA) to provide the artificial intelligence startup's Grok chatbot to federal agencies, the government's procurement arm said on Thursday. The contract underscores Washington's push to expand the use of AI in government operations, while intensifying competition among leading developers of the booming technology...

ROSEMONT, Ill.--(BUSINESS WIRE)-- Handgards, LLC (“Handgards”), a leading distributor of foodservice products and a portfolio company of Wynnchurch Capital, L.P. (“Wynnchurch”), today announced the acquisition of Albany Packaging USA (“Albany” or the Company). Headquartered in Deerfield Beach, Florida, Albany is a distributor of foodservice packaging, primarily paper folding cartons sold to supermarkets, bakeries, restaurants, and convenience stores. The Company’s products...