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Clorox to buy Purell maker Gojo Industries for $2.25 billion
Reuters· 2026-01-22 21:13
Core Viewpoint - Clorox announced the acquisition of Gojo Industries for $2.25 billion in cash, aiming to enhance its presence in the health and hygiene sector [1] Group 1: Acquisition Details - The acquisition involves a cash payment of $2.25 billion [1] - Gojo Industries is a privately held company specializing in skin health and hygiene solutions [1] Group 2: Strategic Intent - Clorox seeks to expand its position in the health and hygiene market through this acquisition [1]
Capital One to buy fintech firm Brex in $5.15 billion deal
Reuters· 2026-01-22 21:09
Capital One Financial will acquire fintech firm Brex in a cash and stock deal valued at $5.15 billion, the company said on Thursday. ...
Intel forecasts first-quarter sales and profit below estimates
Reuters· 2026-01-22 21:02
Intel forecast first-quarter revenue and profit below market estimates on Thursday, as it struggles to match supply to booming demand for traditional server chips used in artificial intelligence dat... ...
Magnum accuses former Ben & Jerry's board chair of 'serious misconduct' as more directors squeezed out
Reuters· 2026-01-22 20:12
Core Viewpoint - Ben & Jerry's is facing increased pressure from its parent company, The Magnum Ice Cream Company, regarding its progressive mission, which has been a longstanding point of contention [1] Group 1: Company Struggles - The brand's former board chair has been accused of misconduct, escalating the ongoing struggle to maintain its progressive values against corporate pressures [1] - This conflict highlights the tension between Ben & Jerry's commitment to social issues and the expectations of its parent company [1] Group 2: Industry Context - The situation reflects broader challenges within the food and beverage industry, where companies often balance corporate interests with social responsibility [1] - The outcome of this struggle may influence how other brands approach their missions and corporate governance in the future [1]
Lululemon brings workout line 'Get Low' back online after complaint-led halt
Reuters· 2026-01-22 19:38
Core Viewpoint - Lululemon Athletica has resumed online sales of its "Get Low" workout line after previously pulling it from the website due to unspecified issues [1] Group 1 - The company had initially removed the "Get Low" collection from its website last week [1] - The resumption of sales indicates a resolution of the issues that led to the initial removal [1]
Exclusive: Shell considers exit from Argentina's Vaca Muerta shale play, sources say
Reuters· 2026-01-22 19:22
Core Viewpoint - Shell is exploring the sale of its assets in Argentina's Vaca Muerta shale play and has initiated discussions with potential buyers to assess their interest [1] Group 1: Company Actions - Shell has approached potential buyers in recent weeks regarding the sale of its assets [1]
FDIC clears way for Ford, General Motors to set up industrial banks
Reuters· 2026-01-22 18:52
Core Viewpoint - The Federal Deposit Insurance Corporation (FDIC) has approved deposit insurance applications from Ford Motor Company and General Motors Company, facilitating their entry into the banking sector [1] Group 1: Company Developments - Ford Motor Company has received approval for deposit insurance, allowing it to expand its financial services [1] - General Motors Company has also been granted deposit insurance approval, enabling similar financial service expansions [1] Group 2: Industry Implications - The approval of deposit insurance for major auto manufacturers like Ford and General Motors indicates a trend of diversification within the automotive industry, as these companies seek to enhance their financial service offerings [1]
US airlines issue travel waivers as Winter Storm Fern threatens widespread disruptions
Reuters· 2026-01-22 18:31
U.S. airlines have rolled out sweeping travel waivers as Winter Storm Fern, forecast to spread heavy snow, sleet and dangerous ice across two dozen states, threatened to disrupt air travel across a wi... ...
US allows China to purchase Venezuelan oil but not at 'undercut' prices of Maduro days, official says
Reuters· 2026-01-22 18:28
Core Viewpoint - The Trump administration is permitting China to purchase Venezuelan oil, but it has set conditions to prevent purchases at prices that are deemed "unfair" or "undercut" compared to previous sales before the U.S. intervention [1] Group 1 - The U.S. administration's decision reflects a strategic approach to manage the pricing of Venezuelan oil in the global market [1] - The context of this decision is tied to the U.S. removal of Venezuelan leader Nicolas Maduro, which has impacted the country's oil sales [1] - The administration aims to balance economic interests with geopolitical considerations in allowing China to engage in oil purchases [1]
Netflix's Sarandos to testify in Senate hearing on Warner deal, Bloomberg News reports
Reuters· 2026-01-22 18:17
Core Insights - Netflix co-CEO Ted Sarandos is scheduled to testify in February at a U.S. Senate committee hearing regarding the company's proposed acquisition of the streaming and studio operations of Warner Bros. Discovery for $82.7 billion [1] Group 1 - The planned testimony by Sarandos indicates the regulatory scrutiny surrounding large mergers in the streaming industry [1] - The proposed acquisition amount of $82.7 billion highlights the significant financial stakes involved in the competitive streaming market [1]