Jay Carney has parlayed his stints as White House press secretary and director of communications for vice president Joe Biden into a top job at Amazon that will be equal parts communication and cajoling. Politico's Mike Allen broke the news yesterday that Carney would begin his new job Monday as Amazon's SVP for Worldwide Corporate Affairs, splitting his time between D.C. and Seattle.
KFC will be introducing Seattle's Best coffee - a brand within the Starbuck's brand - at some of its restaurants in the United Kingdom with an incredible edible twist: after you've slurped down the coffee, you can munch on the cup.
Donald R. Keough, who deftly steered Coca-Cola Co. through its New Coke fiasco in the 1980s and never spied a hand he wasn't ready to earnestly embrace, died in Atlanta yesterday of pneumonia at 88. After serving as president and COO from 1981 to 1993 - "a period of unprecedented growth," as the company points out in its obituary, he had retired from Coke's board of directors only two years ago and remained an advisor to it.
With its sights set on Amazon Prime, as well as chief rival Walmart's burgeoning online business, Target yesterday said that it was slicing its minimum purchase requirement for free shipping from $50 to $25 "effective immediately" and with "virtually no exclusions."
There were no Samsung moments at this year's Academy Awards - the jokes and gags handed to host Neil Patrick Harris tended more toward the self-conscious than the selfie - although American Express, Cadillac and Samsung itself spent valiantly to create some buzz that would reverberate beyond the spots themselves.
Reflecting what we've all been reading in recent years, the 2015 Dietary Guidelines Advisory Committee that makes recommendations to two government agencies that, in turn, issue recommendations for what the nation's consumers should buy and eat, is telling people to injest more veggies, fruits, seafood, whole grains, beans and nuts and to cut down on red and processed meat, added sugars in food and drink and refined grains. Moderate amounts of alcohol and low- and not-fat dairy products are okay for most people, the report also says.
Campbell Soup, which is reorganizing into three divisions based on product categories rather than brands or geography, plans to slash "at least $200 million" in costs over three years as it implements a zero-based budgeting process requiring annual justification of expenditures.
Frits van Paasschen, a Harvard MBA with broad experience in retail, operations, consumer marketing and finance across major brands such as Coors, Nike and Disney, as well as stints at consulting firms such as Boston Consulting Group and McKinsey & Company, apparently never quite settled into the hospitality industry. He and Starwood Hotels & Resorts came to a "mutual agreement" yesterday that he'd vacate the CEO office he's held since 2007.
Mondelez International - the multinational food company forged from enterprises founded by the likes of James L. Kraft, John Cadbury, Theodor Tobler, Jean-Romain Lefevre and Pauline-Isabelle Utile (LU biscuits) - has acquired Enjoy Life Foods, which markets 41 "allergy-friendly" products, including cookies, cereal, snack bars, seed and fruit mixes, baking chocolate, chocolate bars and snack chips. Terms were not disclosed.
Michele Ferrero, who brought Nutella's "Whole Lot of Happy," Tic Tacs and Ferrero Rocher chocolates to the world - becoming one of its richest denizens in the process - died at his home in Monte Carlo, Monaco, Saturday at age 89.