Business
Why Mayo and Soap No Longer Mix for Unilever
Do food and toiletries belong in the same place? For almost 100 years, the answer for consumer-goods behemoth was yes. Not anymore.
Unilever said Friday it was in talks with spice maker McCormick about a sale of its food business, which includes Hellmann’s mayonnaise and Knorr stock cubes. News of a potential deal, which could be valued at tens of billions of dollars, confirmed an earlier Wall Street Journal report.
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Business
Accounting Firm Baker Tilly Is Spinning Off $5.8 Billion Wealth Management Arm Into Independent RIA
Accounting Firm Baker Tilly Is Spinning Off $5.8 Billion Wealth Management Arm Into Independent RIA
Trump order aims to keep Army-Navy in exclusive TV window
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It’s been a volatile few days for the buzziest IPO of the week.
A wave of mom-and-pop investors sent shares of small drone-software company Swarmer soaring after it went public on Tuesday. Then yesterday, shares started falling, and the declines accelerated in Friday’s trading session.
Swarmer priced its IPO at $5 a share. The stock climbed to close trading on Wednesday at $55. It recently traded at $39.25 a share, down 25% from yesterday’s close but still well above its $5 IPO price.
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