business
L Catterton Strikes Deal for Cottage Cheese Maker Good Culture
The deal values the business at more than $500 million as more Americans load up on the protein-rich food. Source link
7-Eleven Owner Boosts Annual Forecast as Quarterly Profit Surges
Seven & i Holdings raised its annual profit forecast after reporting a sharp jump in net profit as it gears up for a listing of its North American business. Source link
Brits Splurge on Christmas Food, Lifting Retailers’ Revenue Despite Weaker Fashion Spending
Grocery sales were a bright spot in retail, with U.K. shoppers spending more than ever on groceries in December. Source link
Zalando to Close German Fulfillment Center, Putting 2,700 Jobs at Risk
The online retailer said the closure of its Erfurt center is part of a plan to reshape its pan-European logistics network and strengthen its market position. Source link
U.S. Shipyard Key to Trump’s American Revival Is Already Too Busy
The Philly Shipyard’s new South Korean owner is in talks to potentially make U.S. naval vessels. But first, it says it needs more space. Source link
A Letter Won’t Always Be Postmarked the Same Day You Drop It in the Mail
Since Dec. 24, a postmark no longer shows the date you deposited a piece of mail with the U.S. Postal Service. That has serious consequences for mailing ballots, filing tax returns and sending other time-sensitive documents. Source link
China to Review Meta’s Manus Deal
China’s commerce ministry is reviewing Meta Platforms’ more-than $2 billion acquisition of Manus, a Singapore-based artificial-intelligence startup with Chinese founders. Source link
European Gas Price in Tight Range With Focus on Weather, Storage Levels
European natural-gas prices remain in a tight range, with the benchmark Dutch TTF contract down 3.2% to 27.82 euros a megawatt-hour in early trading. Source link
Tesco Says It Expects to Hit Higher End of Profit Target
The supermarket chain said like-for-like group sales excluding fuel increased 2.9% on year for the 19 weeks ending Jan. 3. Source link
Shell Flags Weak Oil Trading Performance
Shell warned that a weak oil trading performance would drag on its earnings and it narrowed guidance for its liquefied natural gas production. Source link