"Consumer Reports" yesterday recommended the Tesla 3 after the automaker used a software update to fix a shortcoming in its brake system to improve the car's stopping distance by nearly 20 feet. In the process, it effectively reverse-engineered all the bad publicity that ensued after the magazine's first review that denied it a recommendation. And to add a cherry, Elon Musk, who has been a sourpuss about critical press coverage recently, made nice with the Yonkers, N.Y.-based testing operation.
With one eye on global expansion and the other on Nestle, JAB Holdings yesterday gobbled up the British sandwich shop Pret A Manger - Ready To Eat - from the private equity firm Bridgepoint and minority investors for an undisclosed amount.
Is "Solo: A Star Wars Story" a victim of too-high expectations? Or of tepid reviews? Enough of the spin-offs already? Too many intergalactic antics too soon? Is it too predictable? Or did bad publicity do it in? Let us mull the punditry.
Necco Wafers, a staple of the American sweet tooth for 171 years, apparently aren't going the way of Bonkers Fruit Chews, Sputnik Gumballs or Yoo-Hoo chocolate bars anytime soon. Bryan, Ohio-based Spangler Candy Co., the maker of Dum Dums and other delicacies, proffered a winning bid of $18.83 million for New England Confectionery Co., which also confects Sweethearts and other classic candies, at a federal bankruptcy auction in Boston yesterday.
The expansion of the burgeoning meal-kit industry into retail spaces continues apace with Kroger and Home Chef announcing a deal that starts at $200 million but could be for as much as $700 million if the Chicago-based startup hits certain targets over the next five years.
It was not a good day for a couple of moguls of the Post-industrial Age who have become so much more than they originally set out to be, raising questions about what their creations know about all of us and what they can do with that information.
Tesla's will produce a $78K version of its electric Model 3 before a $35K one, causing some to ask if it's abandoned the mass market. On top of that, Consumer Reports just gave the pricey model mixed reviews.
Campbell Soup Co. CEO Denise Morrison tendered an immediate and surprise resignation on Friday after leading the company for seven years on a quest to be seen as a marketer of healthier products in tune with changing consumer tastes. The Camden, N.J.-based company also reported disappointing third-quarter results for fiscal 2018, including the continuing below-expectations performance of its Campbell Fresh segment.
Cincinnati-based Kroger announced a partnership with U.K.-based Ocado yesterday that will bring the latter's advanced digital and robotic capabilities to about 20 warehouses the second-largest grocery retailer in the U.S. over the next three years and "speed up [Kroger's] efforts to redefine the food and grocery customer experience," according to its chairman and CEO, Rodney McMullen.
With the U.S. Supreme Court striking down the Professional and Amateur Sports Protection Act (PASPA) that outlawed sports betting outside Nevada, Delaware, Montana and Oregon, odds are that wagers on everything imaginable - and some things almost not - will be coming to a parlor nearer to you.