Freshpet, a US-based manufacturer of fresh and refrigerated pet food, has reported a strong financial performance in 2023, achieving its highest annual sales growth and turning a profit in the fourth quarter. The company’s CEO, Billy Cyr, has described 2023 as an “inflection point” for Freshpet, as it benefits from...
San Jose Pie Shop Loses Thousands After Tesla Backs Out of Order
A last-minute request turns into a nightmare A small pie shop in San Jose’s Willow Glen neighborhood was excited to receive a large order from Tesla, the electric car giant, on Valentine’s Day. The shop, called Giving Pies, was asked to make 2,000 mini-pies for a Black History Month event....
How Losing USPS Contract Could Boost FedEx’s Profitability
The dilemma of FedEx Express FedEx Express, the largest division of FedEx Corporation (NYSE: FDX), is facing a dilemma. The division, which operates the world’s largest cargo airline, has a huge contract with the U.S. Postal Service (USPS) to transport mail and packages across the country. The contract, which expires...
How Michael Dell Built a $62 Billion Empire from His Dorm Room
The humble beginnings of Dell Technologies Dell Technologies, one of the world’s largest PC makers and IT solutions providers, has a remarkable origin story. The company was founded by Michael Dell, who started selling computer upgrade kits to his fellow students from his dorm room at the University of Texas...
J.D. Power May Be Sold for $8 Billion by Thoma Bravo
J.D. Power, the well-known provider of data analytics and market research for various industries, including automotive, may be sold by its owner Thoma Bravo LLC, according to a report by Bloomberg News. The private equity firm is seeking a deal of about $8 billion, including debt, for J.D. Power, and...