Packaged food maker Kraft Heinz is preparing to break itself up, the Wall Street Journal reported on Friday, citing people familiar with the matter. The company is looking to spin off a large chunk of its grocery business, including many Kraft products, into a new entity that could be valued...
Which Fresno State Faculty Projects Are CSU’s AI Challenge Winners?
Three Fresno State projects are among 63 faculty-led projects that were named winners of California State University's first-ever Artificial Intelligence Innovations Challenge. The wins are more than just honor and glory — the CSU Chancellor is coughing up $3 million to fund the winning proposals. CSU's goal is to be...
El Chapo’s Son Ovidio Guzman Lopez Pleads Guilty to US Drug Charges
A son of imprisoned Mexican drug lord Joaquin “El Chapo” Guzman pleaded guilty on Friday to four criminal counts in two related drug trafficking cases targeting the notorious Sinaloa Cartel. Ovidio Guzman Lopez, 35, pleaded guilty to two counts of drug distribution and two counts of participation in a continuing...
Oil Rises Over 2% as Investors Weigh Market Outlook, Tariffs, Sanctions
NEW YORK (Reuters) -Oil prices rose over 2% on Friday as investors weighed a tight short-term market against the potential surplus this year forecast by the IEA, while U.S. tariffs and possible further sanctions on Russia were also in focus. Brent crude futures were up $1.68, or 2.5%, at $70.32...
Goldman Sachs Appoints Ben Wallace as M&A Co-Head for Americas
Goldman Sachs appointed Ben Wallace as co-head of Mergers and Acquisitions division in the Americas on Thursday, according to an internal memo seen by Reuters. Wallace, who was named partner at the bank in 2022, will assume the new role while continuing as global head of health-care M&A, a position...
California, Epicenter of the Nation’s Housing Crisis, Is Finally Getting a Housing Agency
This story was originally published by CalMatters. Sign up for their newsletters. After years of soaring rents, increasingly out-of-reach home prices and an enduring homelessness crisis that touches every corner of the state, California is finally creating a state agency exclusively focused on housing issues. You might wonder what took...
Paving, Power, and Politics: Measure C Committee Faces Shakeup
At the last Measure C steering committee prior to merging with a social justice group, the advisory group discussed paving Fresno County roads and estimating the costs. The steering committee — a group of 26 that's about to expand to 38 — heard several options but one concrete message: The...
Indeed, Glassdoor to Cut 1,300 Jobs Amid AI Integration, Memo Shows
Recruit Holdings, the Japanese parent of Indeed and Glassdoor, will reduce headcount by around 1,300 across the two job sites amid a shift in focus toward artificial intelligence, according to a memo seen by Reuters on Thursday. The cuts — representing about 6% of the HR technology segment workforce —...
US Teachers Cut Ties With Anti-Defamation League Over Definition of ‘Antisemitism’
Saying the organization conflates criticism of the Israeli government with antisemitism, the nation's largest teachers association on Sunday voted to boycott the Anti-Defamation League, Haaretz reported Wednesday. A majority of the National Education Association's 7,000-member representative assembly voted in favor of the measure, stating the union "will not use, endorse,...
Trump Threatens Higher Tariffs on Canada in the Middle of Trade Talks
President Donald Trump threatened Thursday to impose a 35% tariff on Canadian imports, upending negotiations between the countries that had Canada’s representatives hopeful that a trade deal could be reached in a matter of weeks. Trump posted a letter to Prime Minister Mark Carney of Canada on social media outlining...