Waffle House CEO Walt Ehmer dies at the age of 58

The president and CEO of Waffle House, Walter G. “Walt" Ehmer, has died at the age of 58, according to the Atlanta Police Foundation. He also served on the foundation's board of trustees.

Red Lobster may exit bankruptcy protection soon

Red Lobster is set to exit Chapter 11 bankruptcy protection after a judge approved its reorganization plan. The seafood chain plans to operate 544 locations and will introduce a new CEO, Damola Adamolekun, as it looks to stabilize its business following financial struggles and restaurant closures.

Verizon to buy Frontier in $20B deal

Verizon is acquiring Frontier Communications in the massive deal to boost its network, while helping its efforts in artificial intelligence.

Volvo drops plan to go fully electric by 2030, hybrids to remain

Volvo has revised its 2030 plan to go fully electric, citing slowing demand for EVs and rising consumer interest in hybrids. The automaker now expects 90% to 100% of its 2030 sales to be electric or plug-in hybrids, with mild hybrids making up the remainder.

New Apple iPhone: What to know ahead of the company's September 9 event

With Apple scheduling a special event on Sept. 9, it has sparked speculation over the possibility of a newly-refreshed iPhone, as the company tends to launch a new iPhone model during September in recent years. Here's what to know ahead of the special event.