United Rentals abandoned its plan to acquire H&E Equipment Services, declining to increase its original offer of $3.4 billion for the rival construction equipment supplier.
February 18, 2025Private
United Rentals Drops $3.4 Billion Purchase of H&E Equipment
Amazon Workers Seek $30 an Hour in North Carolina
Amazon employee organizers in Garner, N.C., won the right to hold an election this week to determine whether workers at the facility will be represented by an upstart union.
February 11, 2025Cemex CEO Fernando González to Step Down After 30 Years
González will be replaced April 1 by Jaime Muguiro, who is the current head of Cemex’s U.S. operations, the company said in a statement.
February 10, 2025Rivian Broadens Sales of Van Once Exclusive to Amazon
Rivian said it will sell its electric delivery van designed for Amazon to other customers, a move to boost revenue from fleet operators as consumer demand for battery-powered cars slows.
February 10, 2025Amazon Posts Strong Q4 Earnings, but Stock Dips on Q1 Outlook
Amazon on Feb. 6 reported better-than-expected revenue and profit for the holiday shopping period, but its share price dipped in after-hours trading due to disappointing guidance for Q1.
February 7, 2025Beacon Roofing Rejects Hostile QXO Bid
Beacon Roofing Supply has officially rejected a hostile takeover approach from QXO, setting the stage for a potentially protracted battle for control of the building supplies provider.
February 6, 2025Logistics Agents Put 30% Levy on Shein, Temu Retailers
Chinese retailers that sell on Shein and Temu have been asked by logistics agents to start paying an additional 30% levy after President Donald Trump hiked tariffs on goods imported to the U.S.Â
February 6, 2025Cargill Buys Biofuels Supplier to Grow Beyond Grains
Agricultural commodities trader Cargill is boosting its renewable fuels and sugar operation in Brazil after a period of shrinking earnings as the price of corn and soybeans tumbled.
February 6, 2025Inflation, Pivot to Healthier Snacks Weigh on PepsiCo in Q4
PepsiCo said Feb. 4 that high prices and changing consumer tastes have weakened U.S. demand for its snacks and drinks but it’s confident it can turn that around in the coming year.
February 5, 2025Amazon to Face Legal Action After Layoffs in Quebec
Amazon.com Inc.’s decision to close all seven of its warehouses in the Canadian province of Quebec and terminate more than 1,900 workers is prompting legal action from the affected union.
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