THE FRIDAY 5: Judge Delays Kroger-Albertsons Merger; Listeria Outbreak Turns Fatal
Kroger’s proposed merger with Albertsons, valued at $24.6 billion, faces a setback as Judge Andrew J. Luxen of the Denver District Court has issued a temporary halt, with a trial scheduled to start on September 30. This ruling follows a…
SpartanNash Honors Independent Grocer Customers
At the 2024 Food Solutions Expo held from July 23-25 at the DeVos Place Convention Center in Grand Rapids, Michigan, SpartanNash celebrated the accomplishments of independent grocers by presenting the 2023-24 Vision Awards. Eight grocers were recognized for their exceptional…
JPMorgan deploys in-house AI research analyst tool to boost firm productivity
JPMorgan has recently introduced an innovative in-house AI research analyst tool aimed at enhancing productivity across the firm. Spearheaded by CEO Jamie Dimon, this initiative showcases the bank’s commitment to harnessing artificial intelligence (AI) technologies to optimize operational efficiency. This…
The new digital supply chain stars: automated guided vehicles
Automated Guided Vehicles (AGVs) are revolutionizing the logistics and supply chain sectors, transforming the way goods are transported within large distribution hubs. As ports and warehouses face unprecedented levels of congestion—often due to record traffic or the increasing demands of…
SK Hynix invests $6.8B in South Korea chip plant
In a significant move reflecting the booming semiconductor sector, SK Hynix has announced a $6.8 billion investment for a new chip manufacturing plant in South Korea. This decision comes as the company seeks to broaden its influence within the AI…
North Korea steals massive data haul from US Military and NASA
In a significant breach, North Korean hackers have stolen extensive data from both the U.S. Military and NASA, highlighting urgent cybersecurity concerns. This incident underscores the growing threat posed by cyber espionage in high-stakes environments. The data breach, revealed recently,…
Trade between Russia and China adapts to sanctions
In recent years, trade between Russia and China has demonstrated remarkable adaptability amidst a challenging global landscape. The imposition of economic sanctions on Russia has prompted both nations to reshape their legal frameworks, enabling more efficient trade practices and digital…
WTO Joint Initiative on e-commerce close to finalising negotiations
The World Trade Organization (WTO) is on the verge of completing negotiations on the Joint Initiative for e-commerce, signaling a turning point in international digital commerce regulation. This initiative aims to establish a comprehensive framework for electronic commerce that will…
CandyRific Names EVP of Sales
CandyRific, a leader in the candy and novelty product industry, has made a significant move by appointing Shayne Quinn as its Executive Vice President of Sales. With a robust background spanning 25 years, Quinn brings considerable expertise to this Louisville-based…
Manna Tree Takes Controlling Interest in Verde Farms
Manna Tree, a global private-equity firm committed to enhancing human health, has acquired a controlling stake in Verde Farms, a brand that specializes in organic, 100% grass-fed, and pasture-raised beef. This initiative is set to propel Verde’s expansion in the…
