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25 mentions found


☆ Guinness Maker’s Morning After Offers Little Reassurance
  + stars: | 2023-11-16 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
Diageo’s brands include Johnnie Walker Scotch whisky, Tanqueray gin and Guinness beer. Photo: ANDREW KELLY/REUTERSGlobal liquor giant Diageo is reeling from the sudden death of its longtime chief executive in June followed by a profit warning last week that tanked the stock. But its real problem is more fundamental: the slow pace of sales in North America after an initial, post-Covid surge.
Persons: Johnnie Walker Scotch, ANDREW KELLY Organizations: REUTERS Global, Diageo Locations: North America
☆ P&G Washes Away Consumer Blues Everywhere but China
  + stars: | 2023-10-18 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
Procter & Gamble, whose brands include Herbal Essences, said on Wednesday its organic sales rose 7% from a year earlier in the three months through September. Photo: GABBY JONES for The Wall Street JournalProcter & Gamble sees a recovering consumer everywhere but in one market, which just so happens to be the world’s second-largest economy. That is encouraging news for the company itself, but an unsettling message more broadly about the state of China. The maker of Tide detergent and Gillette razors on Wednesday said its organic sales, which strip out the impacts of currency movements and mergers, rose 7% from a year earlier in the three months through September. As has been the case in prior quarters, this was entirely thanks to price increases, as underlying volumes fell 1%.
Persons: GABBY JONES Organizations: Procter, Gamble, The Wall Street, Gillette Locations: China
☆ Sobriety Is in, and Non-Alcoholic Beer Sales Are Soaring
  + stars: | 2023-10-13 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/retail/non-alcoholic-beer-sales-alcohol-consumption-habits-aaa2e19c
Persons: Dow Jones
☆ PepsiCo Serves Up Lukewarm Reassurance on Consumers
  + stars: | 2023-10-10 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/retail/pepsico-serves-up-lukewarm-reassurance-on-consumers-be4b9699
Persons: Dow Jones Organizations: pepsico
☆ Bud Light Brewer Reminds Us It’s a Big World
  + stars: | 2023-09-21 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/stocks/bud-light-brewer-makes-a-run-for-the-border-57c1f78d
Persons: Dow Jones
☆ Bud Light Brewer Makes a Run for the Border
  + stars: | 2023-09-20 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/stocks/bud-light-brewer-makes-a-run-for-the-border-57c1f78d
Persons: Dow Jones
☆ Smucker’s Twinkie Deal Is an Indulgence
  + stars: | 2023-09-11 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/retail/smuckers-twinkies-deal-is-an-indulgence-e3e65cc0
Persons: Dow Jones
☆ Constellation Brands Has Sobered Up. Its Stock Has Room to Party.
  + stars: | 2023-08-31 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/retail/constellation-brands-has-sobered-up-its-stock-has-room-to-party-2bc77c51
Persons: Dow Jones
☆ Profit From America’s Manufacturing Renaissance With Rockwell Automation
  + stars: | 2023-08-22 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/retail/profit-from-americas-manufacturing-renaissance-with-rockwell-automation-d4516835
Persons: Dow Jones Organizations: rockwell Locations: americas
☆ Kellogg’s Plans for Stranded Cereal Unit Look Soggy
  + stars: | 2023-08-09 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/kelloggs-plans-for-stranded-cereal-unit-look-soggy-dd461ecc
Persons: Dow Jones
☆ Campbell’s Sauce Upgrade With Rao’s Looks to Be Worth the Cost
  + stars: | 2023-08-07 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/campbell-upgrades-its-sauce-game-ab9823e2
Persons: Dow Jones, campbell
☆ Bud Light Boycott Can’t Douse Anheuser-Busch InBev
  + stars: | 2023-08-03 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/bud-light-boycott-cant-douse-anheuser-busch-inbev-6acf099a
Persons: Dow Jones Organizations: anheuser, busch, inbev, 6acf099a
☆ Wall Street to Procter & Gamble, Colgate-Palmolive: Start Moving Units
  + stars: | 2023-07-30 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/wall-street-to-procter-gamble-colgate-palmolive-start-moving-units-3d4802fa
Persons: Dow Jones Organizations: procter, colgate, palmolive
☆ Johnson & Johnson Rips Off the Kenvue Band-Aid
  + stars: | 2023-07-20 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/johnson-johnson-rips-off-the-kenvue-band-aid-61a8358d
Persons: Dow Jones, johnson
☆ Frito-Lay’s Flaming Hot Sales
  + stars: | 2023-07-13 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/frito-lays-flaming-hot-sales-cac1a883
Persons: Dow Jones
☆ Investors Go Cold on Food Stocks
  + stars: | 2023-06-07 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/investors-go-cold-on-food-stocks-f73b1370
Persons: Dow Jones
☆ This Bud’s for You: Time to Buy Anheuser-Busch InBev
  + stars: | 2023-06-05 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/this-buds-for-you-time-to-buy-anheuser-busch-inbev-3d406c9d
Persons: Dow Jones Organizations: anheuser, busch, inbev, 3d406c9d
☆ Gorman’s Tenure at Morgan Stanley a Tough Act to Follow
  + stars: | 2023-05-21 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/gormans-tenure-at-morgan-stanley-a-tough-act-to-follow-5288ef6f
☆ PacWest and the Bank Confidence Genie
  + stars: | 2023-05-04 | by ( Aaron Back | Telis Demos | ) www.wsj.com   time to read: 1 min
The FDIC seized First Republic Bank early Monday and struck a deal to sell the bulk of its operations to JPMorgan Chase. WSJ’s Ben Eisen explains what led to the bank’s failure and what it means for customers, investors and the industry. Illustration: Preston JesseePacWest Bancorp is the latest lender to face an investor panic. What is becoming clear is that investors aren’t willing to give some banks much credit beyond the bare minimum. The immediate trigger for Thursday’s selloff in PacWest and other regional bank stocks appeared to be a Bloomberg story Wednesday afternoon saying the California lender is looking at “strategic options,” including a sale or breakup.
☆ JPMorgan Eyes the True Prize in First Republic Deal: Wealthy Customers
  + stars: | 2023-05-02 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
JPMorgan Chase bought First Republic Bank early Monday after the FDIC took over the troubled lender. Photo: Patrick T. Fallon/AFP/Getty ImagesJPMorgan Chase executives haven’t been too subtle about what they like about First Republic: its wealth-management business. There is good reason for that. With the fallen bank’s elite coastal clientele, JPMorgan has a chance to take its business managing money for the wealthy to another level, using its broad bank platform to capitalize on the opportunity in a way that First Republic simply couldn’t.
☆ With First Republic, JPMorgan’s Dimon Gets Over Financial Crisis Laments
  + stars: | 2023-05-01 | by ( Telis Demos | Aaron Back | ) www.wsj.com   time to read: 1 min
JPMorgan Chase & Co. bought First Republic Bank early Monday after the Federal Deposit Insurance Corp. took over the troubled lender. Three of the four biggest U.S. bank failures have occurred in the past two months. Photo: Jeff Chiu/APWhen it comes to taking on troubled banks, this time may be different for JPMorgan Chase . The U.S.’s biggest bank has stepped up to acquire the deposits and most of the assets of First Republic Bank , which was closed by the Federal Deposit Insurance Corp. in the early hours of Monday morning. The deal has echoes of past rescues by JPMorgan, but may have a happier ending.
☆ From Toilet Paper to Mayonnaise, Staples Stay Strong
  + stars: | 2023-04-28 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
Consumer spending has held up relatively well so far despite inflation, but experts say we’re approaching an inflection point. WSJ’s Sharon Terlep explains the role ‘elasticity’ plays in a company’s decision on whether to raise prices. Photo illustration: Adele MorganMakers of everyday household goods say consumers are sticking with them despite double-digit price increases. A raft of American and European companies producing packaged food and other staples such as tissues and cleaning products have reported results over the past week or so, and the results are encouraging. Analysts had expected growth of 6.9%, according to VisibleAlpha.
☆ First Republic Joins the Living Dead
  + stars: | 2023-04-26 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
Photo: Samuel Corum/Bloomberg via Getty ImagesFirst Republic Bank appears to have gotten out of immediate liquidity trouble, but it has dug itself a deep profitability hole. To cover deposit outflows, the lender had to borrow heavily at high rates from the Federal Reserve, the Federal Home Loan Bank and JPMorgan Chase & Co., in addition to the $30 billion that JPMorgan and 10 of the other largest banks deposited at the bank in an effort to rescue it. Total borrowings peaked at $138.1 billion on March 15, declining to $104 billion as of April 21, the bank said in its quarterly earnings statement on Monday.
☆ Campbell’s Enticing Future in Snacks
  + stars: | 2023-04-08 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
Campbell Soup Company has long been more than its name suggests. Now its underappreciated snack business looks set to become its star performer. Campbell is composed of two divisions: meals and beverages, which includes its namesake soups as well as brands such as Pace salsas and V8 juices; and snacks, which features the Pepperidge Farm line of cookies and Goldfish crackers, among other brands.
☆ U.S. Economy’s ‘Two Cycles’ Put Fed in a Pickle
  + stars: | 2023-04-07 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
Labor market conditions are probably weaker than they look from the latest jobs report, and there is reason to believe they will keep deteriorating. But it remains hard to say the jobs picture is poor overall. This presents policy makers with a conundrum. The U.S. economy added a seasonally adjusted 236,000 jobs in March, the Bureau of Labor Statistics said Friday, just slightly shy of expectations for 238,000. That pace was down somewhat from an average of 334,000 over the prior six months, the BLS said.
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