Historic family owners of Anheuser-Busch InBev, including the Van Damme, de Mevius, and de Spoelberch families, have sold a $843 million stake in the world’s largest brewer. The sale, which was arranged by JPMorgan, saw 10 million AB InBev shares…
Beta revives its iconic Alp name in the U.S. with the 2026 Alp 4.0, a liquid-cooled dual-sport motorcycle designed to carve a niche between budget-friendly commuters and hardcore off-roaders. The Alp 4.0 slots into the red-hot small-bore adventure/dual-sport segment, where…
Amazon.com Inc. has become the fifth company in history to surpass a $3 trillion market valuation, achieving the milestone on August 3, 2026. The e-commerce and cloud giant’s shares surged as much as 5.3% by 9:35 a.m. ET, extending a…
Mercedes-Benz Classic has launched a new service offering a factory-documented “birth certificate” for passenger cars built between 1986 and 2010. The document consolidates the original vehicle configuration data stored in the manufacturer’s archives, presenting it in a high-quality presentation folder.…
Tyson Foods has slashed its fiscal 2026 adjusted operating income outlook to $2.1 billion–$2.3 billion, a $100 million reduction, as losses in its beef business deepen. The company now expects its beef segment to post an adjusted operating loss of…
Daimler Truck North America (DTNA) will shut down its Freightliner Swan Island plant in Portland, Oregon, on October 30, ending 57 years of local truck production that began in 1969. The closure, confirmed by a company spokesman on August 3,…
Global oil prices tumbled on August 3, 2026, after U.S. President Donald Trump announced he would order American forces to refrain from further attacks on Iran and suggested a deal to end the ongoing conflict was imminent. Brent crude, the…
Goodyear has opened its first retail concept store, the Goodyear Motor City Garage, in Detroit, just in time for the 2026 Woodward Dream Cruise. The store, located at 3075 East Grand Blvd., will be open to the public during Dream…
China National Chemical Corp. (Sinochem) has completed the sale of a 14% stake in Pirelli & C. SpA to Czech investment firm Lumina Crown for €987 million. The deal involved the disposal of 151,883,471 ordinary shares at €6.50 per share.…
Joe Rocket’s return to the U.S. market after two decades of separation from its Canadian arm couldn’t have come at a better time. With a fresh lineup and a renewed focus, the brand has rolled out the Ion mesh jacket—a…