• Food Companies Rejoice Over House's GMO Compromise Bill
    By a wide margin, the House yesterday passed a law requiring labels on products that are made with genetically labeled organisms that has most Big Ag and food companies dancing in the laboratory aisles. It will supersede any state laws, such as the tough one in Vermont that took effect on July 1, and faces days in court over several issues. The bill passed the Senate last week, and will be signed into law, according to a White House spokeswoman.
  • Taco Bell Lags As Yum Hits The Spot
    A 1% drop in sales in Taco Bell's 6,400 outlets in the U.S tempered overall strong second-quarter results for Yum Brands, whose eateries are resurging in China, where it is the largest foreign food chain.
  • Tesla Goes On Offensive As NHTSA Wants Answers
    Even as the National Highway Traffic Safety Administration yesterday posted a nine-page letter requiring Tesla Motors to provide detailed information about the Autopilot system implicated in a fatal collision in May, executives including CEO Elon Musk mounted an offense, claiming that the technology is misunderstood by drivers and will save lives.
  • Folks Are Getting Out And Pokemon Go, Go Going
    Nintendo, with the help of Google spin-off Niantic, has finally gotten out of the house and it is taking exercise-deprived gamers with it. Pokemon Go has zoomed to the top of the Android and iTunes app stores charts and boosted Nintendo's market cap by $9 billion - a jump of 53% - since its release July 6.
  • Primed For Battle, Walmart Offers Free Shipping For 5 Days
    Walmart says it will offer free shipping on all online orders for five days starting today in an effort to steal some momentum from Amazon's second annual Prime Day, which reportedly will offer more than 100,000 deals for members worldwide tomorrow.
  • Microsoft Revamps Sales And Marketing As COO Departs
    Microsoft is revamping its sales and marketing operations in the wake of the resignation of COO Kevin Turner, a former Walmart executive who was a holdover from the Steve Ballmer era. As he becomes CEO of Citadel Securities, a Chicago-based "market maker" trading firm, Microsoft is eliminating his position and will elevate five executives into "one unified senior leadership team," CEO Satya Nadella reveals in an email to employees.
  • Danone Grows In Organics With $12.5 Billion WhiteWave Deal
    The French foods group Danone is buying WhiteWave Foods Co., the Denver, Colo.-based maker of organic, plant-based foods and beverages whose brands include Silk soy and almond milk, Horizon Organic, So Delicious Dairy Free and Earthbound Farm Organic salads at a deal valued at $12.5 billion, including debt.
  • Twinkie, Twinkie, Little Star
    Hostess Brands LLC is proving that you can have your CupCakes, et al., and make a killing on them, too. Nearly four years after the purveyor of Twinkies was brought out of bankruptcy by investment firms Metropoulos & Co. and Apollo Global Management, it is planning to go public in the fall at a valuation of $2.3 billion. That's "10 times their original investment of $185 million," sources tell the "Wall Street Journal."
  • Jack Taylor, Founder Of Enterprise, 94
    Jack C. Taylor, a World War II fighter pilot who later founded a car rental company - Enterprise - named after one of the aircraft carriers he flew off of, died in St. Louis Saturday after a short illness. He was 94.
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