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Coles abandons $4billion bid for Petbarn owner as investors breathe sigh of relief
Coles, the Australian supermarket group, has walked away from a proposed $4 billion takeover of Greencross, the parent company of pet retailer Petbarn, ending speculation about a major expansion into the pet care sector. The decision comes as a relief to investors, who had expressed concerns about the scale and strategic rationale of such a…
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Coca-Cola’s dairy company fairlife hit with a ransomware attack
Coca-Cola halts the US operations of its dairy company fairlife due to a ransomware attack.
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‘How’s this joker got my details?’: BrewDog founder faces complaints over emails to ‘equity punks’
James Watt, the founder of BrewDog who sold the debt-laden brewer’s assets to Tilray in March, is facing complaints to the UK’s data privacy watchdog after emailing thousands of former shareholders about his surprise bid to buy the company back. Several recipients said they could not work out how Watt had obtained their contact details,…
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Heartbroken family sues over death of grandmother who plunged down open manhole in NYC after she stepped out of vehicle
The family of a grandmother who died after falling into an open manhole in New York City has filed a lawsuit, alleging negligence contributed to her death. The woman fell into the uncovered manhole shortly after stepping out of a vehicle, and her relatives say the incident has left them devastated as they pursue legal…
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GameStop CEO Says Video Game Software Makes Up Less Than 12% Of The Business
GameStop chief executive Ryan Cohen has said video game software now accounts for less than 12% of the retailer’s business, arguing that the shift towards digital-only games would therefore have little effect on its plans. His comments underline GameStop’s increasing reliance on collectibles rather than its traditional games retailing business, particularly as physical game releases…
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Taco Bell removes lettuce from menu in US after links to explosive diarrhoea
Taco Bell is removing lettuce from menus in some US states after health investigations linked shredded iceberg lettuce to an outbreak of cyclosporiasis, a parasitic infection that can cause severe watery diarrhoea. The precaution matters because the outbreak has affected large numbers of people and highlights concerns about tracing contaminated food through supply chains. The…
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Paramount+ Subscribers Fail to Block Warner Bros. Merger as States Will Try Again Friday
A group of Paramount+ subscribers failed on Thursday to secure a preliminary injunction that would have blocked Paramount’s $111 billion merger with Warner Bros. Discovery, with a federal judge ruling they had submitted no evidence to support the claim. The case matters because it is one of several legal challenges now threatening to delay or…
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Physical games don’t matter, says GameStop CEO: “It is totally, totally irrelevant”
GameStop’s chief executive has said that physical video games no longer matter to the company’s business, describing their relevance as “totally, totally irrelevant” in recent comments. The remark reflects the ongoing shift in the video games industry away from physical discs and cartridges towards digital downloads, a trend that has significant implications for GameStop given…
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Netflix Pushes Back at Season 2 Woes Narrative, Doesn’t Release Video Podcast Data
Netflix co-CEO Ted Sarandos has pushed back against reports of a “season two problem” on the streamer, arguing that while second-season viewership dips are real, they are not as severe as recently suggested and remain within expected ranges. The comments, made during Netflix’s quarterly earnings update, follow a Bloomberg report highlighting steep viewing declines for…
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UFC’s McGregor-Holloway Rematch Muscles Up 6.5M Viewers Across U.S. & Latin America
UFC’s rematch between Conor McGregor and Max Holloway drew an average of 6.5 million viewers across the US and Latin America on Paramount+, marking one of the streamer’s biggest live sporting draws. The event, UFC 329, headlined by a bout 13 years in the making, underlines the continued strength of live combat sports as a…