Elliott Management takes $4B stake in PepsiCo

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Elliott Investment Management has taken a $4 billion stake in PepsiCo as the activist hedge fund led by billionaire Paul Singer presses for changes to boost the company’s stock price. The Wall Street Journal first broke the news on Tuesday of Elliott’s position, now one of the soda maker’s biggest-ever investors, that helped lift shares […]


Cracker Barrel takes down pride page on website amid rebrand fiasco

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Cracker Barrel has quietly removed the Pride page from its website after facing consumer backlash over its rebranding efforts. The website link for Cracker Barrel’s Pride page, which used to boast that the company was “bringing the porch to Pride,” now redirects to its “Culture and Belonging” page. “At Cracker Barrel, welcoming people has always […]


Samsung takes market share from Apple in U.S., foldable phone momentum

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In 2014, Apple and Samsung were duking it out to rule the U.S. smartphone market. Samsung was selling devices with large screens, and iPhone fans were demanding a response. It took Apple some time, but the company finally released the iPhone 6, breaking with previous iterations and giving consumers a large-screen option. The iPhone won. […]


Epic Universe opens as Universal leans into parks, takes on Disney

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The entrance portal to the Epic Universe theme park in Orlando, Florida, US, on Saturday, April 5, 2025. Thomas Simonetti | Bloomberg | Getty Images ORLANDO, Florida — With the grand opening of Epic Universe on Thursday, Comcast is positioning its Universal Studios Orlando Resort as a destination, not a pit stop. For years, Universal’s […]