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Campbell Soup will buy maker of Rao’s sauces for $2.7 billion

Published Wed, 26 Feb 2025 21:40:03 GMT

NEW YORK (AP) — Campbell Soup is set to buy Sovos Brands, the maker of Rao’s pasta sauces.In a Monday announcement, the two companies said they had entered an agreement for Campbell’s to acquire Sovos for $23 per share in cash — reflecting a total value of about $2.7 billion. The transaction will help diversify and strengthen Campbell’s Meals & Beverages division, Campbell’s President and CEO Mark Clouse said in a statement. “And paired with our faster-growing and differentiated Snacks division, (the Sovos portfolio) makes Campbell one of the most dependable, growth-oriented names in food,” he added.Besides its namesake soups, Campbells makes Prego sauce and Goldfish crackers.In addition to Rao’s sauces, Sovos products include dry pasta, soups, frozen entrees and yogurt under additional brands Michael Angelo’s and noosa. According to Monday’s press release, Rao’s is Sovos’ most popular brand, representing about 69% of the company’s $837 ...

Workhorse: Q2 Earnings Snapshot

Published Wed, 26 Feb 2025 21:40:03 GMT

SHARONVILLE, Ohio (AP) — SHARONVILLE, Ohio (AP) — Workhorse Group Inc. (WKHS) on Tuesday reported a loss of $23 million in its second quarter.The Sharonville, Ohio-based company said it had a loss of 12 cents per share.The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.The truck and drone manufacturer posted revenue of $4 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $10.7 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WKHS at https://www.zacks.com/ap/WKHSSource

Students in Douglas County head back to class ahead of big board meeting

Published Wed, 26 Feb 2025 21:40:03 GMT

DOUGLAS COUNTY, Colo. (KDVR) —Tuesday, students and staff in the Douglas County School District headed back to class.While students head back for the first day of school, Douglas County board members are preparing for a big meeting. Going 45 in a school zone is cause for jail time After the bell rings and students head home, Tuesday night the school board will consider a $66 million mill levy override or a $484 million bond to put on the November ballot. Money could also support school safety upgrades, school resource officers and construction to limit overcrowded classrooms.Douglas County Schools is the third largest district in Colorado. The district continues to grapple with the ongoing bus driver shortage. A rolling cancellation bus schedule is in place, which means a student’s bus route will be on for four weeks and then off for one week to accommodate the lack of drivers.

'Cha Cha Slide' creator DJ Casper dies at 58: report

Published Wed, 26 Feb 2025 21:40:03 GMT

Editor's note: This article has been updated to include a photo of DJ Casper during his appearance on Nexstar's WJW in 2018.CHICAGO (WJW) - DJ Casper, the creator of the global dance anthem "Cha Cha Slide," has died at the age of 58, his wife confirmed.Casper's wife told ABC7 Chicago that the songwriter passed Monday after his battle with cancer. Experts warn about ‘bed rotting’ trend In 2016, Casper, born Willie Perry Jr., had been diagnosed with two types of cancer: renal and neuroendocrine, affecting his kidney and liver. In an appearance on Nexstar's WJW just a few years later, he indicated that his treatments had been effective."I had a little battle with, a little illness going on," he told WJW at the time. "Today, I'm great. I'm definitely great. God made me great."DJ Casper appears in a segment on Nexstar's WJW on August 9, 2018. (WJW)More recently in May 2023, Casper discussed his continuing health struggles with ABC7, revealing the cancer had made it difficult to eat, l...

You should be looking at holiday flights now

Published Wed, 26 Feb 2025 21:40:03 GMT

DENVER (KDVR) — It's only August, but now's the time you should be looking into holiday flights and booking them near Labor Day. FOX31 spoke with a travel expert on the best times to book a trip. Booking flights from one to three months out generally has the best price, according to Madison Blancaflor, senior content operations editor at The Points Guy. Historically, Thanksgiving flights should be booked one to two months before, while Christmas should be booked even earlier. Blancaflor said the best time to book a flight is around Labor Day, which means you should start looking and setting alerts now. ‘The brr is back’: Farmers’ Almanac releases winter forecast for Colorado "The earlier you start looking, the better. I would suggest setting flight alerts, you can do that on Hopper or on Google Flights for free and it'll email you when prices are going up or down," Blancaflor said. Flights for Thanksgiving should be booked by Labor Day. As for Christmas, you can wait through Septe...

Dozens arrested over alleged child sex abuse following murder of two FBI agents in Sunrise

Published Wed, 26 Feb 2025 21:40:03 GMT

(CNN) — A total of 98 people have been arrested in connection with child sex abuse, and 13 children rescued from harm, US and Australian authorities said Tuesday, more than two years after two FBI agents were killed in Sunrise investigating an alleged international pedophile ring.In a news conference Tuesday, the Federal Bureau of Investigation (FBI) and Australian Federal Police (AFP) said 79 arrests, 65 indictments, and 43 convictions in the US were carried out as a result of the joint operation, while 19 men were arrested in Australia.Two FBI agents investigating the alleged ring were shot dead in 2021 while executing a search warrant for a computer programmer suspected of possession of child abuse material, CNN previously reported.The alleged child abuse ring was a “peer to peer network” with “some offenders committing offenses for over 10 years,” said Australian Federal Police Commander Helen Schneider.“Some of the children were known to the men who were arrested,” Sc...

Mattel announces limited-edition ‘Weird Barbie’ doll for sale

Published Wed, 26 Feb 2025 21:40:03 GMT

(CNN) — Some might say Weird Barbies are made, not sold. Mattel, however, begs to differ.The toy company behind the iconic Barbie brand has announced a signature doll modeled after Kate McKinnon’s character from Greta Gerwig’s blockbuster “Barbie.” In the movie, McKinnon’s character helps send Margot Robbie’s Barbie on her journey.“Barbie” is produced by Warner Bros. Pictures, which is owned by CNN’s parent company Warner Bros. Discovery.The limited-edition toy features a hot pink outfit almost identical to the one McKinnon wears in the movie, complete with markings on her face and oddly cut and colored hair “to emulate a doll that’s been played with just a little too much,” Mattel said in the product description.The doll is one of seven products in an expanded collection stemming from the billion-dollar hit movie, including various Barbie and Ken dolls modeling outfits they wore on-screen and a Hot Wheels corvette set.“With the latest editions to ...

Even Zoom is making its staff return to the office

Published Wed, 26 Feb 2025 21:40:03 GMT

New York (CNN) — Zoom, the company that powered the remote work revolution during the pandemic, is telling its employees to come back to the office.In a statement, Zoom said it’s now enforcing a “structured hybrid approach,” meaning that employees who live near an office “need to be onsite two days a week” because it’s “most effective” for the video-conferencing service.“As a company, we are in a better position to use our own technologies, continue to innovate, and support our global customers. We’ll continue to leverage the entire Zoom platform to keep our employees and dispersed teams connected and working efficiently,” the company said.Putting aside the irony, Zoom isn’t excluded from the return to office trend that’s sweeping tech companies. In recent months, Google, Amazon and Salesforce have enacted similar policies, ending a Covid-era approach that gave employees more freedom to work from home. However, businesses have faced some pushback from employees after workers grew ac...

Poland’s president announces election date

Published Wed, 26 Feb 2025 21:40:03 GMT

Poland will hold its general election on October 15, Polish President Andrzej Duda confirmed Tuesday.“The future of Poland is a matter for each of us! Use your rights,” Duda said on social media, announcing the election date.Prime Minister Mateusz Morawiecki’s ruling nationalist Law and Justice party (PiS) currently leads the center-right Civic Coalition by 6 percentage points according to POLITICO’s Poll of Polls.POLAND NATIONAL PARLIAMENT ELECTION POLL OF POLLS All 3 Years 2 Years 1 Year 6 Months Smooth Kalman circle.fill-PL-parliament-PiS, rect.fill-PL-parliament-PiS, svg.colorize path.fill-PL-parliament-PiS, text.fill-PL-parliament-PiS { fill: #3254a8; } circle.stroke-PL-parliament-PiS, rect.stroke-PL-parliament-PiS, svg.colorize path.stroke-PL-parliament-PiS, text.stroke-PL-parliament-...

Europe’s space chief confirms rocket rival to Musk’s SpaceX won’t launch this year

Published Wed, 26 Feb 2025 21:40:03 GMT

The maiden launch of the European Space Agency’s next generation Ariane 6 rocket system now definitely won’t happen until 2024 at the earliest, the agency’s Director General Josef Aschbacher said Tuesday.Aschbacher said that the ESA, French space agency CNES and rocket developers Arianespace and Ariane Group “confirm that the inaugural launch is now targeted for 2024.”As earlier reported by POLITICO, the ESA had wanted to get the heavy launcher system ready for use this year, with full commercial operations then starting in 2024. But the program has been subject to significant delays over the last few years. The rocket had been scheduled to first launch back in 2020. Without Ariane 6, and with Ariane 5’s retirement already confirmed, SpaceX’s Falcon is the only viable alternative for hauling large satellites, like the EU’s Galileo geo-navigation spacecraft, into orbit. Because of the ...