President Obama and daughters, Malia and Sasha, were among the consumers enticed to shop on Main Streets during the sixth annual Small Business Saturday this weekend as local media outlets in markets across the country cheered their readers and audiences on.
The YouTube Kids app for children under 12 is "awash with food and beverage marketing that you won't find on other media platforms for young children," according to a complaint filed at the Federal Trade Commission yesterday by a two advocacy groups.
Now that the $160 billion merger of Pfizer and Allergen is a done deal absent the expected approvals from shareholders and regulators, the public relations battle over the forthcoming transfer of the new entity's tax headquarters from America to Ireland, where Allergan is based, is fully engaged.
The phenomenon that is Adele is not only on track to set the one-week record for album sales in the U.S. but also offers hope for smoothing over political rifts at the Thanksgiving dinner table (if a "Saturday Night Live" sketch gone viral be our guide).
The Food and Drug Administration yesterday said the fast-growing, genetically engineered salmon produced by AquaBounty Technologies are safe for humans to eat and need not be labeled in any way when they hit the marketplace. Consumer and environmental groups who have argued, among other concerns, that the genetically modified fish might escape their tanks and breed with wild salmon, are expected to file a lawsuit seeking to overturn the ruling.
In the latest of a series of shake-ups, ConAgra Foods announced Wednesday that it plans to split into two companies. A new entity called Conagra Brands will continue to serve up the likes of Chef Boyardee, Slim Jims and Orville Redenbacher's. The other, the frozen potato division Lamb Weston, will become its own publicly traded enterprise.
In another indication of the encroaching mindset of the Millennial on the marketplace, Lyft co-founder and president John Zimmer yesterday told Reuters that the Uber competitor has reached an annualized gross run rate of $1 billion. Meanwhile, the New York Times reports that Lyft is seeking $500 million in additional financing at a valuation of $4 billion, up from $2.5 billion.
Marriott International's surprise $12.2 billion deal for Starwood Hotels & Resorts Worldwide yesterday puts together 30 brands and 1.1 million rooms in more than 100 countries together to form the world's largest hotelier. The combination hopes to forestall upstarts such as Airbnb that operate on a different business model and were just a blip on the competitive landscape only a few years ago.
Thanks to a well-orchestrated rollout that began in early September with a live-streamed, 18-hour unboxing event in 15 cities worldwide, Star Wars is becoming such a juggernaut in retailers' toys departments this year that it's blowing away competitors' offerings even though "The Force Awakens" doesn't open until a week before Christmas.
They don't call it a convenience store for nothing: 7-Eleven has now added lockers to more than 200 outlets in North America where online shoppers can pick up packages shipped through UPS or FedEx.