The U.S. Justice Department and attorneys for AT&T and Time Warner presented two starkly different versions of what consumers will experience should the media and advertising behemoths be allowed to merge as opening arguments were heard yesterday in an antitrust trial before Judge Richard Leon of the U.S. District Court for the District of Columbia.
The Apple Cinnamon Toast Crunch cart was upended at General Mills yesterday as external problems such as a nationwide shortage of truck drivers and the rising price of ingredients like nuts got in the way of its "Innovation Intersection" initiatives. Its stock dropped about 9% in trading after it released its fiscal 2018 third-quarter earning report that warns of "cost pressures" that will force it to raise prices on some of its products.
"Last Week Tonight with John Oliver Presents a Day in the Life of Marlon Bundo," the book about a gay rabbit the HBO host introduced on his show Sunday night, hopped to the top of the Amazon bestseller list yesterday, leaping over the book it trolls, "Marlon Bundo's Day in the Life of the Vice President," which was written by the Mike Pence's daughter, Charlotte, and illustrated by his wife, Karen.
It's not only news in the "New York Times," it's also making headlines in "The Messenger" of Fort Dodge, Iowa, the "Midland Report-Telegram," which covers the heart of the Permian Basin of West Texas, the website of WTHI-TV10 in Terre Haute, Ind., and many a teen and tweenage girl's social media feed: Claire's, which says it is a "destination" for about 900 million female customers in 47 countries, is the latest retailer to file for Chapter 11 bankruptcy protection.
The National Highway Traffic Safety Administration is investigating the failure of airbags to open in crashes involving certain Hyundai and Kia automobiles. Four people died and six others were injured in the six crashes involving 2011 Hyundai Sonata midsize cars and 2012 and 2013 Kia Forte compacts.
After losing more than a quarter of its subscribers over the past year as competition has exploded, Blue Apron CEO Brad Dickerson tells the "Wall Street Journal"'s Heather Haddon that the six-year old company soon will start selling its meal kits at retailers - including, perhaps, some who have their own kits.
Toys R Us formally announced early today it is preparing to liquidate the company and shutter or sell its 735 remaining stores in the U.S., leaving about 33,000 retail workers looking for new jobs and shoppers across the country reacting as Jennifer Gay did to WMCActionNews5 in Memphis when news of the impending action leaked out: "It's kind of upsetting. This is where I go for birthdays and Christmas and all kinds of holidays."
Going head-to-head in its door-to-door war with behemoth Amazon, as well against as legacy supermarkets and upstart wholesale clubs, Walmart said yesterday that it is expanding its Online Grocery Delivery option from six metro areas to more than 100 of its markets - containing more than 40% of U.S. households - by the end of the year. It will also add 1,000 stores to its Online Grocery Pickup service, which lets customers retrieve items they've ordered online without leaving their cars, to the 1,200 stores now offering it.
Dropbox, the cloud-based file-hosting service business that has refused to evaporate in the face of competition from the likes of Apple, Google, Microsoft and Amazon, is going public at an initial valuation of about $7.5 billion - but that's less than its $10 billion valuation as a private company in 2014. It is offering 36 million shares and expects the debut price to be between $16 and $18 per share.
Mars appears to be closer than you probably think. Elon Musk says one of his rockets could be there by next year.