business
Instacart Revenue Rises as Grocery Delivery Orders Continue to Grow
Instacart reported higher third-quarter revenue and profit on the back of continued growth in demand for grocery delivery. Source link
Private-Label Food Maker TreeHouse to Go Private in $1.17B Deal
TreeHouse Foods agreed to be taken private by Industrial F&B Investments III in an all-cash deal worth nearly $1.2 billion. Source link
Auto & Transport Roundup: Market Talk
Find insight on Nissan Motor, SIA Engineering and more in the latest Market Talks covering Auto and Transport. Source link
Burger King Strikes Joint Venture to Double Presence in China
China’s CPE plans to invest $350 million, taking an 83% stake, to help fuel restaurant growth in the region. Source link
Can the Tallest Running Shoe Out There Chart the Path for Nike’s Comeback?
CEO Elliott Hill is trying to revive flagging sales by speeding up development of innovations such as the uber-cushioned Vomero Premium. Source link
China’s Auto Sales Resume Downtrend as Demand Slows
China’s auto sales fell in October after spiking in the previous month, as the country’s car market faces pressure from the younger generation’s reluctance to buy cars. Source link
Hannover Re Lifts Profit View
The reinsurer now expects net income for 2025 to come in at €2.6 billion, up from its previous guidance of €2.4 billion. Source link
Permira to Buy JTC in $3 Billion Deal
The price represents a 49% premium to JTC’s closing price on Aug. 13, the day before Permira made its first offer. Source link
Diageo Appoints Dave Lewis as CEO
Diageo has appointed Dave Lewis as chief executive officer, after the beverage company parted ways with its former CEO Debra Crew in July. Source link
FAA Limits Private Aircraft Flights at Major Airports
The restrictions will affect private jet flights at a dozen airports, including Atlanta, Dallas-Fort Worth, Denver, and Chicago’s O’Hare, according to the National Business Aviation Association trade group. Source link