In SUV-mad America, where Ford is jettisoning most of its passenger cars, Toyota executives are doubling down on sedans such as the best-selling mid-size Camry and the 40-year-old Corolla compact, while burnishing the high-end Crown, per its Connected Day preview this week in Japan. The automaker sees its redesigned Corolla Sport hatchback as the vanguard of its planned new fleet of fully connected cars.
A more than $1 billion redevelopment of Union Station could begin as soon as next spring, starting with a seven-story glass-and-steel addition on top of its main building. More than a year after they were chosen by property owner Amtrak to reconfigure the massive rail station, Riverside Investment & Development and Convexity Properties unveiled new details of their proposal to add a hotel, apartments, offices and new retail tenants.
A Vancouver food vendor is inviting the public to enjoy a chilled, refreshing, healthful glass of Hot Dog Water. The drink’s impressive marketing advertises it as gluten-free, Keto diet-compatible, rich in sodium and a source of electrolytes. It also promises to help the drinker lose weight, increase brain function and look younger. If your gut is telling you there’s no way this can be real, congratulations, you’re right.
Molson Coors is looking at Canada’s legalization of marijuana for recreational use as a potential profit opportunity. The company is weighing whether to expand into the sector with Canada poised to legalize the drug for recreational use this October. The brewer is said to have held talks with several Canadian-based marijuana companies to invest and collaborate in cannabis-infused beverages in an attempt to halt declining beer sales.
Harley-Davidson, the American motorcycle manufacturer, says it plans to move some production overseas to avoid tariffs imposed by the E.U. in response to President Trump’s trade policies. The company said the move “is not the company’s preference, but represents the only sustainable option to make its motorcycles accessible to customers in the E.U. and maintain a viable business in Europe.”
Pilgrim’s Pride is bidding for Hain Celestial’s protein business. Hain, run by CEO Irwin Simon, is in the process of selling Hain Pure Protein, its chicken and turkey division, to make its remaining snack food company more attractive to a buyer. Pilgrim’s Pride has made a preliminary offer for the business, which sells to Chipotle and Panera Bread. Final bids in the auction for the unit of the natural foods company are due in mid-July.
Kroger, the grocery giant that also owns supermarket chains Ralphs, Fry's and Harris Teeter, reported solid sales and earnings that topped forecasts.. What's even more impressive is that Kroger said digital sales soared by 66% compared to a year ago. That's a clear sign that moves Kroger is making to court younger tech-savvy shoppers are working. It also shows that Kroger is now a legitimate rival to Amazon and Walmart.
The new director of global communications for Airbnb made a communications blunder amid the child separation crisis at the U.S. border. Kim Kingsley posted a picture of herself and fellow staffers dancing on a San Francisco pier with the caption, “. . . that night i fell in love with new colleagues while children 2,000 miles away were being detained in cages.” Kingsley has since made her Instagram account private.
A top Netflix executive has left the company after he used the n-word in front of colleagues on more than one occasion. The streaming service's chief communications officer, Jonathan Friedland, issued an apology on Twitter Friday and said he's leaving the company after seven years. "Leaders have to be beyond reproach in the example we set and, unfortunately, I fell short of that standard when I was insensitive in speaking to my team about words that offend in comedy," the tweet reads.
Intel blindsided Silicon Valley Thursday with the abrupt resignation of its chief executive over a relationship with a subordinate. The chip company said it was recently informed that Brian Krzanich had a “past consensual relationship” with an Intel employee. An investigation by internal and external counsel then found that Krzanich, 58, had violated a non-fraternization policy that applies to managers.