Twitter accepts Elon Musk’s $44 billion bid

Twitter accepts Elon Musk’s $44 billion bid

Twitter’s board of directors said Monday afternoon that it has accepted Tesla CEO Elon Musk’s $44 billion offer to buy the company — bringing an end to a weekslong saga and ushering in a new era for the struggling social-media platform. Musk, who has said he wants to buy Twitter in order to restore the … Read more

Coca-Cola sales surge despite rising costs, Russia exit

Coca-Cola sales surge despite rising costs, Russia exit

Sales at Coca-Cola surged 16% during the first quarter as crowds returned to movie theaters, music venues and sport stadiums, offsetting rising input costs for the company and the suspension of operations in Russia. Coca-Cola was among the companies to pull the plug on Russian operations after the country invaded neighboring Ukraine. But on Monday, … Read more

City Harvest to honor celebrity chef Eric Ripert as it moves to Brooklyn

City Harvest to honor celebrity chef Eric Ripert as it moves to Brooklyn

City Harvest, the food-rescue nonprofit that helps to feed 1.5 million needy New Yorkers a year, recently moved its operation to a new, 150,000 square-foot facility in Sunset Park, Brooklyn. The near-100,000-square-foot expansion couldn’t come at a better time. The organization has been an indispensable provider for 40 years — never more so than during … Read more

JCPenney owners offer to buy archrival Kohl’s for $8.6B

JCPenney owners offer to buy archrival Kohl's for $8.6B

The owners of JCPenney have made an offer to acquire archrival Kohl’s in a deal that could value the department-store chain at upwards of $8.6 billion, The Post has learned. Under the proposal, shopping-mall giant Simon Property and Canada-based Brookfield Asset Management — which together scooped JCPenney out of bankruptcy in December 2020 — have … Read more