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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.
First Phosphate Uplists ADRs to Nasdaq on August 10, 2026
First Phosphate uplists Level 2 ADRs to Nasdaq Global Market under ticker PHOS on August 10, 2026. The move converts OTCQX holdings automatically and maintains a 10-to-1 ADR ratio.
Pentagon Awards $560M Loan to Sunrise Energy for World’s First Scandium Mine in NSW
Pentagon invests $560 million in Sunrise Energy Metals’ Syerston Scandium Project in NSW to counter China’s control of rare earth supply. Project targets aerospace and defence demand.
Mahomes, Kelce Called Out for Downplaying Steakhouse Role in Trademark Lawsuit
1587 Sneakers accuses Mahomes and Kelce of minimizing their role in 1587 Prime steakhouse to escape trademark lawsuit. Court filings show the duo claimed they lack control over the restaurant.
Fun Coffee Ponzi Scheme Collapses: Singapore Woman Loses $400,000 as 200 Investors Lose S$16.3M
Fun Coffee Ponzi scheme collapses after app goes offline July 20. Over 200 investors lose S$16.3 million across Singapore, Hong Kong, Macau. Singapore woman arrested for promoting scheme.
Mondelez Launches KFC Oreo Ghost Candy as Viral Strategy Drives August 7 Growth
Mondelez launches KFC fried chicken Oreos in China and Oreo ghost candy at Walmart this fall, driving earned media and brand momentum as the snack giant battles grocery store competition.
Burger King Retakes No. 2 Spot With 8.5% Sales Surge on August 7
Burger King surpasses Wendy’s as the No. 2 U.S. burger chain with 8.5% Q2 sales growth. Parent company QSR stock rises on strong turnaround execution and Whopper sales surge.
Walmart Recalls Bettergoods Pistachio Nut Butter Over Salmonella Risk
Bettergoods Pistachio Nut Butter sold at Walmart in 19 states recalled due to salmonella contamination. Check lot code LB028ACP04 with January 28, 2027 expiration date. No illnesses reported.
Goodwin Mulls Sale of Defence Engineering Division Supplying Submarine and Warship Components
On August 7, 2026, British engineering company Goodwin confirmed it is reviewing options for its defence engineering division, including the possible sale of a substantial part of the business. The division supplies critical components for UK and U.S. submarines and warships, making the announcement one of the most closely watched developments in the defence sector….