by Thom Forbes on Sep 16, 7:57 AM
Actress Jessica Alba's Honest Co. is in early talks with Unilever about an acquisition valued at more than $1 billion, the Wall Street Journal reports. The amount is "significantly less than the $1.7 billion valuation that was placed on Honest in a fundraising round last year," its sources say, and Honest may yet opt for an IPO. It is based in Santa Monica, Calif.
by Thom Forbes on Sep 15, 7:56 AM
Monsanto yesterday agreed to a $66 billion offer from Bayer in a takeover that the two companies hope will close by the end of 2017. It ended months of wooing but the prenuptial phase promises to be a rocky one, with intense pressure from politicians, farmers, anti-trust regulators and environmentalists who already are not holding their peace.
by Thom Forbes on Sep 14, 7:35 AM
The Census Bureau yesterday released a surprising upbeat, broad-based picture of income and poverty that depicts a robust American middle class finally back on its feet from the jarring tumble of 2007.
by Thom Forbes on Sep 13, 7:51 AM
Weight Watcher International CEO James Chambers is leaving the company at the end of the month as its shares drop, competition gains and the "Oprah Effect" flattens out - which is not to say that he didn't have his successes.
by Thom Forbes on Sep 12, 7:57 AM
With 80% of the audience over the age of 35, Clint Eastwood's "Sully" took in $35.5 million in North America over its opening weekend for Warner Bros., exceeding expectations by $10 million and proving once again the power of lingering stars.
by Thom Forbes on Sep 9, 7:43 AM
Wells Fargo yesterday agreed to pay a total of $185 in fines for scams perpetrated by employees who - "spurred by sales target and incentives" - covertly opened thousands of accounts without customers' consent and transferred money into them from their existing accounts, "often racking up fees and other charges."
by Thom Forbes on Sep 8, 7:56 AM
Super Mario, the jaunty plumber who was arguably the first videogame superhero, will be coming to an iPhone near you this December.
by Thom Forbes on Sep 7, 7:38 AM
Blaming the U.S. Department of Education for excessive oversight and sanctions, ITT Technical Institute - which had about 40,000 students enrolled on more than 130 campuses in 38 states - yesterday said it was pulling the plug and shutting down.
by Thom Forbes on Sep 6, 7:44 AM
Unless the Apple fan boy network has been steered terribly wrong by supply-chain leaks and peeks at prototypes, Apple's big announcements tomorrow will be its biannual iPhone upgrade, a second-generation Watch and new versions of various operating systems. And what is likely to be the iPhone 7's most radical innovation at the reveal has been a contentious one since word started leaking out about it many months ago.
by Thom Forbes on Sep 2, 7:32 AM
Getting into organic fresh produce seemed like a no-brainer for CEO Diane Morrison and her team at Campbell Soup as shoppers - particularly Millennials - eschewed the middle aisles for healthier fare. But, as Morrison admitted yesterday, you've got to execute.