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FDA Upgrades Egg Recall to Class I Over Salmonella Risk on August 14
FDA assigns Class I status to 1.6 million egg cartons over salmonella risk. Eggs sold at Kroger and Brookshire’s in six states have best-by dates through August 17. 98 illnesses reported.
Asics to Dissolve Trading Subsidiary, Consolidate Walking Business August 15
Asics will liquidate its trading subsidiary and consolidate walking operations. Q2 profit jumped 62.1% to 35.6 billion yen as Onitsuka Tiger brand drives growth.
Bata India Shares Rally 9% to ₹759.75 as Q1 Profit Jumps 23% to ₹64 Crore
Bata India shares rallied nearly 9% on Wednesday, touching an intraday high of ₹759.75 on the NSE. The move came after the footwear maker posted a strong set of numbers for the June 2026 quarter. Consolidated net profit rose 23% year-on-year to ₹63.98 crore, up from ₹51.7 crore in Q1 FY26. The rally pushed the…
Intel (NASDAQ: INTC) Upsizes Stock Offering to $20 Billion at $95 a Share, Stock Gains 1% Premarket
Intel Corporation priced an upsized $20 billion common stock offering on August 11, 2026. The chipmaker sold 210,526,315 shares at $95 per share, up from an initial $15 billion target announced Monday. Intel shares gained about 1% in premarket trading Tuesday, recovering after Monday’s 4% drop. The deal reflects surging demand for Intel’s foundry buildout…
Maple Leaf Foods Bacon Recalled: 12,000 Pounds Pulled in Three States
Maple Leaf Foods recalls 12,036 pounds of Canadian bacon sold at Grocery Outlet in three states after it bypassed U.S. import inspection. No illnesses reported.
Accell Group Files for Insolvency on August 5; 370 German Jobs at Risk
Accell Group files for insolvency after failed takeover. German bike brands Ghost, Haibike, and Winora seek administration. 370 employees affected. Company owns Raleigh and Babboe.
Diageo’s India Unit Fights FSSAI Ban on McDowell’s, Old Monk in Court
United Spirits and Mohan Meakin challenge FSSAI bans on McDowell’s and Old Monk in Bombay High Court. Diageo faces multiple product prohibitions over labelling and flavouring claims in India.
Nick Pihakis Files Chapter 7 Bankruptcy With $44M in Debt, August 09
Nick Pihakis files Chapter 7 bankruptcy with $44 million in liabilities. The Birmingham restaurateur faces liquidation of his restaurant empire after years of closures and unpaid debts.
QVC Exits Bankruptcy With $5B Debt Cut, Mike George Returns as CEO on August 7
QVC exits bankruptcy with $5 billion debt reduction and $600 million new credit facility. Former CEO Mike George returns to lead turnaround as company relists on Nasdaq under symbol QVCG.