Home Depot Challenges Brad Jacobs-Led QXO for Supplier Deal
(Wilfredo Lee/AP/File) Home Depot Inc. has made an offer for GMS Inc., potentially setting off a bidding war with QXO Inc. which this week made a $5 billion offer for the building products distributor, the Wall Street Journal reported June 19. The offer from Home Depot, the world’s largest home-improvement ...more
Target Sales Ebb on Inflation, Pride Month Shopper Backlash
Profit came in above expectations in the second quarter. (Target Corp.) NEW YORK — Target’s second-quarter sales were hit by ...more
UAW to Vote on Strike Authorization Next Week
(Jake May/The Flint Journal via AP, file) DETROIT — About 146,000 members of the United Auto Workers union will vote ...more
Citadel Acquires Yellow Debt Owned by Apollo, Other Lenders
Yellow shut its doors on July 30. (Yellow Corp.) An affiliate of Ken Griffin’s Citadel has acquired roughly $485 million ...more
ATA Kicks Off Annual Safety Showcase
"You are the heartbeat of this nation,” ATA President Chris Spear told attendees at the kick-off to the National Truck ...more
Proterra’s Bankruptcy Illustrates Challenges for EV Startups
A billboard in Miami promoting Proterra buses in February. (Wilfredo Lee/Associated Press) Electric bus maker Proterra Inc. had support from ...more
Driverless EV Shuttle Set to Debut in Downtown Orlando
Beep's driverless EV shuttle on display in Orlando, Fla. (John Raoux/Associated Press) ORLANDO, Fla. — There is going to be ...more