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Shares of Conagra Brands Inc. CAG, -3.67% rallied 3.1% in premarket trading Thursday, after the foods company, which brands include Birds Eye, Health Choice, Slim Jim and Reddi-wip, reported fiscal first-quarter adjusted profit and revenue that beat expectations, as improved supply-chain productivity helped offset cost-of-goods cost inflation. For the quarter to Aug. 28, the company […]

Constellation Brands Inc. STZ, -1.45% said Thursday it is divesting part of its mainstream and premium wine portfolio to The Wine Group in a move aimed at reshaping it toward the high end of the market. The deal includes Cooper & Thief, Crafters Union, The Dreaming Tree, Monkey Bay, 7 Moons, and Charles Smith Wines, […]

Amazon.com Inc. AMZN, -0.54% said Thursday it plans to hire 150,000 workers to help it get through this year’s holiday season, with roles spanning packing and picking to sorting and shipping. The company said it will pay $3,000 sign-on bonuses in certain markets, and will pay on average $19 an hour. Interested candidates can see […]

Shares of McCormick & Co. Inc. MKC, -1.20% were indicated down less than 1% in premarket trading Thursday, after the spices and seasonings mix company reported fiscal third-quarter profit that fell short of expectations, amid continued supply chain challenges and as recovery of certain constrained materials took longer than anticipated. Net income rose to $222.9 […]

$500 million of the funds currently collateralizing the Dai (DAI) stablecoin will be reallocated to U.S. Treasuries and corporate bonds in an effort to provide … Source: Cointelegraph

Apollo Global Management Inc. APO, -1.20% and Sixth Street Partners LLC are not moving ahead with talks to help finance Elon Musk’s $44 billion acquisition of Twitter Inc. TWTR, -3.72%, Reuters reported. Musk replied, “correct” on Twitter when answering queries about whether the two lenders are absent from the $7.1 billion in third-party equity financing […]