Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as consumers increasingly bypass its products for healthier or cheaper options. Del Monte has secured $912.5 million in debtor-in-possession financing that will allow it to operate normally as the sale progresses. “After a thorough evaluation of [...]
Fewer Americans applied for unemployment benefits as layoffs remain low despite uncertainty about how new tariffs will impact the economy. The Labor Department reported that jobless claims for the week ending June 28 fell by 4,000 to 233,000, less than the 241,000 that analysts forecast. Though the job market is broadly healthy by historical standards, [...]
Nearly 368,000 pounds of Oscar Mayer turkey bacon products are being recalled over possible contamination with listeria bacteria that can cause food poisoning, federal health officials said. No illnesses have been confirmed to date, federal agriculture department officials said. Kraft Heinz Food Company of Newberry, S.C., announced the recall of the fully cooked turkey bacon [...]
WASHINGTON (AP) — The Supreme Court has agreed to hear a case over state restrictions on which school sports teams transgender students may join. Just two weeks after upholding a ban on gender-affirming care for transgender youth, the justices said they will review lower court rulings in favor of transgender athletes in Idaho and West [...]
WASHINGTON (AP) — The number of job openings rose in May, which economists say is a sign that the American labor market remains resilient in the face of high borrowing costs. The nation’s employers posted 7.8 million vacancies in May, the U.S. Labor Department reported last week, up from 7.4 million in April and the [...]
NEW YORK (AP) — Anne Wojcicki’s bid to buy 23andMe, the genetic testing company she cofounded nearly 20 years ago, has received the greenlight from a federal court. That means Wojcicki’s non-profit TTAM Research Institute will purchase “substantially all” of San Francisco-based 23andMe’s assets for $305 million. The transaction — which arrives more than three [...]
The Ohio Department of Agriculture has announced it will host a summer trade mission event in Columbus on Aug. 6. Summer in the Cities Buyers Mission is designed to connect Ohio food and agricultural suppliers with prequalified international buyers from around the world, offering Ohio growers the opportunity to showcase their products, a news release [...]
Columbus-based Nationwide has announced the acquisition of the employer stop-loss segment of Allstate Corp.’s insurance business for $1.25 billion. “This acquisition expands the capabilities, specialized expertise and strong partnerships of our financial services organization, positioning our company as a leading provider in the employer stop-loss industry,” said Nationwide CEO Kirt Walker. “As a company committed [...]
NEW YORK (AP) — Navy Federal Credit Union no longer will have to refund $80 million to servicemen and women for illegally charging them overdraft fees on their accounts, after the Consumer Financial Protection Bureau moved to dismiss the case. The case dates from late 2024 and deals with an issue known as “authorized positive [...]