Wal-Mart Stores Inc and Xerox Corp blamed each other for the glitch that caused food stamp recipients to go on an all-out shopping spree over the weekend.
Hospitality/Food
New Silk Route acquires Moshe's
For an undisclosed amount, private equity firm New Silk Route acquires Mediterranean cuisine restaurant Moshe's for expansion purposes.
STK steakhouse chain to merge with publicly-listed company - report
One Group LLC, owner of the STK steakhouse chain, would be merging with Committed Capital Acquisition Corp, said a Wall Street Journal report.
Ferrero not for sale, denies receiving bid from Nestle
Italian confectionery firm Ferrero said through its spokesman that reports about the company receiving acquisition offers were complete fabrications.
Study finds Oreos addictive like cocaine
A study found that Oreo cookies were as addictive as cocaine. A recent study conducted by a team at Connecticut College in New London found that Oreo cookies were as addictive as cocaine, the LA Times reported.
Latest News
Xerox Corp said the glitch that affected food stamp beneficiaries in 17 states was caused by a temporary shutdown of the system after a test was performed.
Food stamp recipients went for a two-hour shopping spree in Louisiana after a glitch removed spending limits on their cards.
Frontier Beverage Company Inc announced today that it had completed its acquisition of holding company 22 Social Club Productions Inc and its subsidiaries Blue 22 Entertainment and AppQwest LLC
Philippines-based Del Monte Pacific agreed to acquire San Francisco-based Del Monte Foods Co for USD 1.68 billion.
In an announcement, after completion of a previous second lien loan, Bacchus Capital Management exits Bob Lundquist's Quepe Wines.
Iconic five star hotel The Savoy would be in danger of defaulting on its loan obligations should its business revenues do not improve.
Fosun International partnered with Kerzner for a hotel project worth nearly CNY 10 billion on China's Hainan Island.
Chief Operating Officer Holger Beeck would be taking over from Bane Knezevic as the chief executive of the German division of McDonald's Corp.
Foster Farms said consumers should not worry about the company's chicken products amidst the salmonella outbreak traced back to its plants.
