John Randal Tyson, the former Tyson Foods CFO whose recent arrests made headlines last year, has a new high-profile job at his family’s meatpacking company. The scion has been appointed to the company’s board, along with his sister Olivia, according to a corporate statement. “Both have been involved in the company for many years,” it said. “They will be the fourth generation of Tyson family members to sit on the board of the company founded by their great-grandfather, John W. Tyson.” The decision to welcome John Randal into a highly visible and potentially powerful position, however, is sure to raise more questions about conduct and…
Author: Fred Robinson
Fred Robinson
Fred Robinson is a veteran market news writer and financial columnist who has been informing and engaging readers since 1994. With over three decades of experience, Fred covers a wide range of topics including the stock market, shares, banking, finance, personal finance, and corporate trends. He is particularly known for his in-depth features on company market movements and the rich histories behind major corporations—from tech giants and automotive pioneers to legacy food brands. Fred's sharp insights, historical perspective, and clarity of analysis make him a trusted authority for professionals, investors, and curious readers alike. His work blends market intelligence with storytelling, offering readers not just the "what," but the "why" behind financial shifts.
Long-delayed next Air Force One jets from Boeing might now be delivered by 2027 — in time for President Donald Trump to use them, according to a top Air Force official. While that’s still years behind the original delivery date of 2022, it’s one to two years earlier than Boeing had most recently predicted. Trump has expressed anger at the delays, and he reportedly had been looking at buying a different jet to use on an interim basis. News of the potential 2027 delivery came Wednesday from Darlene Costello, the Air Force’s acting acquisitions chief, who testified before the House Armed Service Committee…
Krispy Kreme’s partnership with McDonald’s to sell its doughnuts at all of the burger chain’s US restaurants didn’t turn out as sweet as it thought. The doughnut chain announced in its earnings release Thursday that it is “reassessing the deployment” of the rollout, temporarily stopping at 2,400 locations. The deal was intended to expand the reach of Krispy Kreme, which has far fewer locations than McDonald’s and relies on grocery and convenience stores for most of its sales. The stock slumped 25% after the opening bell on Thursday. Last year, Krispy Kreme and McDonald’s announced the unique arrangement, with the intention…
StepStone Group (NASDAQ: STEP) said its latest middle-market growth-equity fund, StepStone Growth Partners V, closed at $720 million, beating its $700 million target. The firm’s new fund follows StepStone’s 2021 Tactical Growth Fund IV, which raised about $705 million. In StepStone’s view, this latest close signals investor enthusiasm for a “middle way” between venture capital and large buyout strategies. Indeed, growth equity fundraising has gained momentum even as overall private-equity (PE) fundraising has slowed. Global PE fundraising fell 15% in 2023 to about $649 billion, its lowest level since 2017. By contrast, PitchBook reports growth-equity fundraises rose roughly 20% year-over-year in 2023, underscoring a surge of…
HOUSTON — Sunnova Energy International Inc. (NYSE: NOVA), one of the largest residential solar-panel installers in the United States, is preparing to file for bankruptcy within weeks, according to people familiar with the matter. The move comes after the company missed an interest payment on its bonds and entered a 30-day grace period on April 1, signaling deepening financial distress amid mounting industry headwinds. Founded in 2012 and headquartered in Houston, Sunnova had positioned itself as a key player in the home solar and battery market, offering homeowners long-term leases and financing for rooftop solar systems. However, rising interest rates,…
Harvard University is 140 years older than the United States, has an endowment greater than the G.D.P. of nearly 100 countries and has educated eight American presidents. So if an institution was going to stand up to the Trump administration’s war on academia, Harvard would be at the top of the list. Harvard did that forcefully on Monday in a way that injected energy into other universities across the country fearful of the president’s wrath, rejecting the Trump administration’s demands on hiring, admissions and curriculum. Some commentators went so far as to say that Harvard’s decision would empower law firms,…
Russian ballistic missiles killed at least 32 people, including two children, on Sunday in the northeastern Ukrainian city of Sumy, officials said — the latest in a string of attacks on urban centers that have caused heavy civilian casualties despite the Trump’s administration push for a cease-fire. Two missiles hit the city center about 10:15 a.m., according to the regional prosecutor’s office. Ukraine’s interior minister, Ihor Klymenko, said the ballistic missiles struck when the streets were crowded with civilians out enjoying Palm Sunday, a Christian celebration popular in Ukraine. At least 83 people were injured, Mr. Klymenko added. “People were harmed…
A few carmakers have closed factories, laid off workers or shifted production in response to the auto tariffs that took effect last week. President Trump’s 25 percent tariffs on imported vehicles, which went into effect last week, are already sending tremors through the auto industry, prompting companies to stop shipping cars to the United States, shut down factories in Canada and Mexico and lay off workers in Michigan and other states. Jaguar Land Rover, based in Britain, said it would temporarily stop exporting its luxury cars to the United States. Stellantis idled factories in Canada and Mexico that make Chrysler…
