Latest news with #Texas-headquartered
AU Financial Review
5 days ago
- Business
- AU Financial Review
Texan investment giant's $1b buy order pumps up CBA's share price
A Texas-headquartered investment manager has spent as much as $1 billion buying up Commonwealth Bank shares over the past fortnight, helping push the market capitalisation of the lending giant over $300 billion. Fisher Investments, founded by billionaire stockpicker Ken Fisher in 1979, manages more than $US299 billion ($459 billion) for thousands of clients. Sources said Fisher was buying on behalf of clients who wanted to increase the exposure of their share portfolios beyond volatile markets in the United States.
New Straits Times
6 days ago
- Business
- New Straits Times
Kimberly-Clark nears US$3.5bil sale of global tissue business to Suzano
KUALA LUMPUR: Kimberly-Clark is nearing a sale of its Kleenex and tissue businesses outside of North America for around US$3.5 billion to Brazilian pulpmaker Suzano, the Wall Street Journal reported, citing people familiar with the matter. A deal could be completed as soon as Thursday, the report said on Wednesday. Reuters could not immediately confirm the report. Kimberly-Clark and Suzano did not immediately respond to requests for comments. Reuters had reported in April citing people with knowledge of the matter that along with Suzano, Southeast Asia's Royal Golden Eagle (RGE) and Asia Pulp & Paper Co (APP) were the final bidders for Kimberly-Clark's international tissue business, valued at around US$4 billion. The unit, which was put on the block by Kimberly-Clark as part of a restructuring initiated last year, generates around US$500 million in annual earnings before interest, taxes, depreciation, and amortization (EBITDA). The sale is proceeding as U.S. President Donald Trump's broad trade tariffs weigh on Kimberly-Clark's business outlook. The consumer goods company slashed its annual profit forecast due to increased costs in April as a result of the tariffs. In 2022, Suzano announced a deal to buy the Irving, Texas-headquartered company's tissue paper operations in Brazil for an undisclosed sum.
Yahoo
6 days ago
- Business
- Yahoo
Kimberly-Clark nears $3.5 billion sale of global tissue business to Suzano, WSJ reports
(Reuters) -Kimberly-Clark is nearing a sale of its Kleenex and tissue businesses outside of North America for around $3.5 billion to Brazilian pulpmaker Suzano, the Wall Street Journal reported, citing people familiar with the matter. A deal could be completed as soon as Thursday, the report said on Wednesday. Reuters could not immediately confirm the report. Kimberly-Clark and Suzano did not immediately respond to requests for comments. Reuters had reported in April citing people with knowledge of the matter that along with Suzano, Southeast Asia's Royal Golden Eagle (RGE) and Asia Pulp & Paper Co (APP) were the final bidders for Kimberly-Clark's international tissue business, valued at around $4 billion. The unit, which was put on the block by Kimberly-Clark as part of a restructuring initiated last year, generates around $500 million in annual earnings before interest, taxes, depreciation, and amortization (EBITDA). The sale is proceeding as U.S. President Donald Trump's broad trade tariffs weigh on Kimberly-Clark's business outlook. The consumer goods company slashed its annual profit forecast due to increased costs in April as a result of the tariffs. In 2022, Suzano announced a deal to buy the Irving, Texas-headquartered company's tissue paper operations in Brazil for an undisclosed sum.
USA Today
17-05-2025
- Business
- USA Today
Whataburger sued by customer alleging onions on burger caused 'allergic reaction'
Whataburger sued by customer alleging onions on burger caused 'allergic reaction' A Houston man is seeking monetary relief of more than $250,000 after suffering 'serious personal injuries,' claiming he had an 'allergic reaction' when onions were not left off the burger he ordered. Show Caption Hide Caption How to make burgers in bulk Make delicious, juicy burgers for larger crowds with this hack. Problem Solved Special orders at a fast-food restaurant do not usually come up in a lawsuit, but one Houston man has a beef with a particular burger chain. Demery Ardell Wilson is suing Whataburger after he got an "allergic reaction" due to onions being present on his burger after he requested the vegetables not be added, according to the petition obtained by USA TODAY. The incident occurred on July 24, 2024, at an unidentified Whataburger location, the court document says. Due to the allergic reaction caused by the onions, Wilson suffered "serious personal injuries," for which "he had to seek the care of medical professionals," the petition states. He is seeking monetary relief of over $250,000, but less than $1 million, the court document continues. Whataburger denied Wilson's allegations in a separate court document filed on May 16, and demanded "strict proof" of his assertations. The San Antonio, Texas-headquartered chain also claims it did not know, nor should have known, any product purchased by Wilson "was in a defective or unreasonably dangerous condition at the time." USA TODAY contacted Whataburger on May 17 but has not received a response. Wilson also sued Sonic Drive-In for adding onions to burger Whataburger is not the only fast food chain Wilson has sued over onions. He also previously filed a lawsuit against Sonic Drive-In. According to the petition, Wilson picked up a burger on April 14, 2023, from a Sonic Drive-In in Cypress, an area 24 miles northwest of downtown Houston. Like the alleged incident at Whataburger, Wilson said he requested no onions on his burger, the court document states. The onions on the burger caused Wilson to "feel sick," the petition says. This incident also left Wilson with "serious personal injuries" that caused him to seek the care of medical professionals. Sonic Drive-In denied Wilson's allegations in a court document filed on May 12, saying that he should "be required to prove the charges and allegations" against them. USA TODAY contacted Sonic Drive-In about the as-yet-unresolved suit on May 17 but has not received a response. Jonathan Limehouse covers breaking and trending news for USA TODAY. Reach him at JLimehouse@
Time of India
15-05-2025
- Business
- Time of India
Bhawna Agarwal appointed MD of HPE India
Hewlett Packard Enterprise (HPE) on Wednesday announced that Bhawna Agarwal has been appointed to the role of senior vice president and managing director of HPE in India. The new appointment will be effective immediately. She will be reporting to the executive vice president and chief sales officer Heiko Meyer. Agarwal assumed leadership of HPE's India business from Som Satsangi, who retired from HPE after more than 27 years. He will remain with HPE through the end of July 2025 to ensure a smooth transition, the company said. Satsangi had become managing director of HPE India in 2016, leading HPE's second-largest employee base worldwide. Agarwal joined HPE in 2019 to lead the compute business unit and growth team, and had been leading account management and industry verticals for India for a year. She is a business executive with over 25 years of experience in digital startups , media houses, and large consumer tech companies. Recently, Agarwal and Satsangi, celebrated the inauguration of HPE's 6001st 'Made in India' server as part of HPE's ' Make in India ' initiative with the Indian IT Minister Ashwini Vaishnaw, Agarwal, in a statement said, "I look forward to building on the strong foundation laid by Som and continuing to drive growth, scaling our impact and innovation in the region." NYSE-listed Texas-headquartered HPE provides edge-to-cloud, enterprise compute IT , data, and security solutions, and innovates across networking, hybrid cloud, and AI.
