US Foods Holding Corp. ( USFD ) shares are trading higher after the company announced a $211 million repurchase of shares from Sachem Head Capital Management LP. The company inked a Purchase Agreement to buy back shares at $52.28 per share, including approximately $2 million in excise taxes. The share repurchase is part of US Foods’ $1 billion program authorized on...

01:57 PM EDT, 08/14/2024 (MT Newswires) -- Scott Catlett, Chief Legal & Franchise Officer, on August 13, 2024, sold 8,234 shares in Yum Brands ( YUM ) for $1,134,563. Following the Form 4 filing with the SEC, Catlett has control over a total of 29,159 shares of the company, with 29,159 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1041061/000112760224022169/xslF345X03/form4.xml Price: 138.03, Change:...

02:03 PM EDT, 08/14/2024 (MT Newswires) -- Intel's ( INTC ) automotive unit and ultra-luxury automaker Karma Automotive plan to collaborate on the development of software-defined vehicle architecture. SDVA will support Karma Automotive's future vehicles including the Karma Kaveya super coupe, expected to launch in 2026 with a price of $300,000, the electric-vehicle maker said Wednesday. The companies intend to...

* Talks between rail companies and Teamsters deadlocked, each side accuses other of bad faith * Industry groups urge Trudeau's government to prevent stoppage, citing economic impact * U.S. rail operator Norfolk Southern ( NSC ) embargoes hazardous cargoes to/from CN and CPKC networks By David Ljunggren, Promit Mukherjee OTTAWA, Aug 14 (Reuters) - North American industry groups and shippers...