With its confectionary business heading south as Americans indulge more and more in healthier snacks, Nestle SA yesterday said it was exploring its "strategic options" for the likes of Butterfinger, Baby Ruth and Crunch bars - not to mention 100Grand, Laffy Taffy, Nerds, SkinnyCow, SweetTars, Raisinets and Gobstoppers.
The Federal Reverse yesterday raised short-term interest rates by a quarter point as expected, and indicated another bump will come later this year. It's all good, say most observers.
It turns out that Conde Nast's attempt to create an e-commerce site for dedicated followers of fashion was really a farfetched idea. As of yesterday, visitors to Style.com, which the publisher relaunched as a retail site out of London last September, are being redirected to Farfetch.com, for which Conde Nast will tailor words and images that instill that feeling of "gotta have it."
Jeffrey R. Immelt, who has transformed General Electric back into an industrial enterprise over his 13-year tenure as CEO, is turning over its day-to-day reins on Aug. 1 to John Flannery, a 30-year veteran of the company who has served in numerous posts overseas and has been running the company's healthcare business since 2014.
Two major European grocery chains based in Germany - Aldi and Lidl - are rolling out plans to give American supermarkets an added run for their discounts.
Pirate Joe's, a store in Vancouver, B.C., that resold Trader Joe's products that were bought by stealth in Trader Joe's outlets across the border in the Pacific Northwest, abruptly shut its doors for good yesterday after a protracted legal battle.
With Hyundai sales in the U.S. plunging 15.5% last month over the previous year, its VP of sales, Derrick Hatami, is leaving the company "for a position outside the company," the South Korean automaker said yesterday from its regional headquarters in Fountain Valley, Calif.
The U.S. government says it got just about everything it wanted in a preliminary trade deal that would curtail Mexico's "dumping" subsidized sugar north of the border but a sugar trade group claims there's a loophole and has refused to endorse it yet. Manufacturers of sugary treats in the U.S., meanwhile, will see the price for that key ingredient rise, probably jacking up the retail price for that Oreo-filled ice cream concoction you crave.
Apple made some noise at the opening with a peek at a sonorous Siri-driven speaker called HomePod that aims to compete with Amazon Echo and Google Home come December, as well as a preview of iOS 11 that at least one reviewer suggests is a sign of Apple's future.
"Pink Slime" was not only a memorable phrase coined by a USDA scientist, it has proven to be an actionable one as the trial for a $1.9 billion lawsuit begins today in Elk Point, S.D., to determine whether ABC and correspondent Jim Avila slandered Beef Products Inc. in a 2012 report that used the term to describe the filler - aka "lean finely textured beef" (LFTB) - that was widely used in ground beef products.