Denny’s earlier this week said that it’s being acquired by a group of investors in a deal that will take the breakfast chain private. Denny’s board unanimously approved the deal, which values Denny’s at $620 million, including debt. Denny’s will be purchased by private equity investment company TriArtisan Capital Advisors, investment firm Treville Capital and [...]
At this year’s NFL draft, some of the league’s top prospects were asked a few questions they weren’t used to. “What is a skort?” an interviewer asked. Travis Hunter made his best guess. “What is primer?” she continued. Shemar Stewart wasn’t totally sure. The questions were part of a social media video asking players about [...]
More than six years after a Boeing 737 Max jetliner crashed in Ethiopia, the first civil trial stemming from the disaster that killed all 157 people on board the plane appears poised to move forward. Boeing has settled most of the dozens of wrongful death lawsuits that families of the victims filed against the aircraft [...]
TOKYO (AP) — Japanese video-game maker Nintendo’s net profit jumped 85 percent in April-September from the year before, as its sales more than doubled following the launch of its hit Switch 2 console in June, the company said. Nintendo, based in Japan’s ancient capital of Kyoto, said its profit for the half-year totaled $1.3 billion, [...]
Norway’s sovereign wealth fund, one of Tesla’s biggest investors, said it will vote against a proposed compensation package that could pay CEO Elon Musk as much as $1 trillion over a decade. There will be more than a dozen company proposals up for a vote today during Tesla’s annual meeting, but none has generated more [...]
The fall COVID-19 vaccine season is starting slowly for Pfizer, with American sales of its Comirnaty shots sinking 25 percent after federal regulators narrowed recommendations on who should get them. Approval of updated shots also came several weeks later than usual, and Pfizer said that hurt sales as well. Many Americans get vaccinations in the [...]
LONDON (AP) — Artificial intelligence company Stability AI mostly prevailed against Getty Images in a British court battle over intellectual property. Seattle-based Getty had accused Stability AI of infringing its copyright and trademark by scraping 12 million images from its website, without permission, to train its popular image generator, Stable Diffusion. The case at Britain’s [...]
Starbucks said it is forming a joint venture with Chinese investment firm Boyu Capital to operate Starbucks stores in China. Under the agreement, Boyu will acquire a 60 percent interest in Starbucks’ retail operations in China, which is valued at $4 billion. Starbucks will retain a 40 percent interest in the joint venture and will [...]