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Deutsche Bahn is embarking on a massive infrastructure overhaul in the Rhein-Kreis, including the construction of a new signal box in Neuss. The company is implementing a three-year restructuring plan, prompted by losses in freight services and the rail network. This initiative involves selling off the logistics subsidiary Schenker for 14 billion euros, alongside significant job cuts and reductions in long-distance train services. The ultimate goal is to return the company to profitability wit..

Renowned Swedish band ABBA, along with a multitude of other artists including Beyoncé and Jack White, are demanding that Donald Trump cease using their music at campaign events without proper authorization. Universal Music, ABBA's label, has insisted on the removal of videos featuring ABBA's songs at Trump rallies. This follows a trend of multiple artists, spanning various genres, taking legal actions against Trump for playing their music without permission. ABBA's firm stance against Trump's..

Birkenstock achieves record sales and profit increase, driven by strong demand for closed shoes. Despite hitting a revenue milestone and profit surge, the company's stock dipped after narrowly missing market expectations. CEO Reichert remains optimistic, confirming a 19% sales growth and a 30-30.5% adjusted EBITDA margin projection. The expansion of production capacities impacted margins. Popular closed shoes fueled the success, with clogs leading the way. Analysts view the performance as robu..

A strike has commenced at Discover Airlines, a subsidiary of Lufthansa, causing disruption for passengers. Pilots and cabin crew have walked out over a wage dispute with the Verdi union. Discover Airlines' 27 aircraft and 1,900 employees are at the center of the conflict. The Verdi contract includes significant wage increases of 16-38%, sparking tension with specialist unions VC and Ufo seeking influence in the Lufthansa Group. To manage the situation, Lufthansa plans to redistribute flights...

US confectionery giant Mars is set for a major merger by purchasing snack producer Kellanova, known for its Pringles chips, in a $35.9 billion deal. This move aims to expand Mars' snack portfolio beyond candies like Snickers and M&Ms, venturing into the growing snack market dominated by Kellanova's popular brands like Cheez-It. The acquisition signals Mars' strategic shift amid cocoa price pressures, diversifying into pet care. Wall Street reacts cautiously to the deal, while Kellanova's sale..

Mars, renowned for M&Ms and Snickers, aims to take over Kellanova, the company behind Pringles and Cheez-It, in a $35.9 billion deal. This move seeks to capitalize on the growing snacking trend, particularly appealing to the younger demographic. Kellanova, formerly Kellogg Company, split last year, with the snack business becoming Kellanova. The merger would create a snacking giant in the US food industry, with Kellanova's revenue of $13 billion and 23,000 employees. Mars' acquisition strategy,..

Mars, the candy giant, is set to acquire Kellanova, the maker of popular snacks such as Pringles, Cheez-It, and Pop-Tarts, in a record-breaking $36 billion deal. This acquisition marks Mars' largest since its $23 billion purchase of Wrigley in 2008. Kellanova, previously a spin-off from Kellogg's, will integrate its brands into Mars' snacking portfolio, joining recent additions like KIND Snacks and Nature's Bakery. The all-cash transaction is expected to close in the first half of 2025, subject..

Mars Inc. is planning to acquire Kellanova, the maker of Pringles chips and Eggo waffles, in a nearly $30 billion deal, according to the Wall Street Journal. This acquisition comes as the packaged-food industry is facing declining volumes, slowing growth, and a weakening global consumer. Companies, including Mars, are turning to innovation and new markets to boost sales amidst pushback from shoppers on price hikes. Kellanova, which spun off its cereal business last year, has seen strong earnings..