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The U.S. lawsuits filed in DC Superior Court Monday shine a spotlight on the supply chains of some U.S. companies operating in the Mexican avocado industry. Reuters could not independently verify the accounts from the local residents or Climate Rights International’s findings. “They have even gone to destroy avocado orchards,” said Claudia Alejandra Sanchez, an activist for Michoacán’s Purepecha Indigenous people. Reuters reviewed copies of letters shared by Climate Rights International. Most of those companies have publicly pledged to adhere to sustainable supply chains in compliance with local laws.
Persons: Del, Richman, Mexico Ken Salazar, avocados, , Claudia Alejandra Sanchez, Michoacán’s, Guardian Forestal, ’ avocados, ” Daniel Wilkinson, Climate Rights International’s, Alejandro Mendez, Savas Melchor Gómez, deforest, Alfredo Ramírez, ” Ramirez Organizations: Reuters, U.S, Organic Consumers Association, Inc, Produce Inc, West Pak, DC, Rights, Climate Rights International, Richman Law, U.S . Department of Agriculture, Climate Rights, Residents, Foods, Costco, Guardian, Pak, Trade, Locations: Madero, Mexico’s, United States, Minnesota, U.S, West, Irvington, N.Y, Mexico, Washington, Michoacán, Jalisco
The Rubyglow pineapple –— bred for its distinctive red exterior and its sweetness — costs $395.99 at Melissa’s Produce, a California-based seller of specialty fruit and veggies. It took Del Monte, a wholesaler which sells a variety of produce but specializes in pineapple, a decade and a half to develop the red-hued fruit. And yet, there’s interest in premium fruit — enough to convince Del Monte to bring the Rubyglow, which is grown in Costa Rica, stateside. Courtesy Fresh Del MonteThe Pinkglow was never supposed to be a grocery list staple, said Melissa Mackay, VP of marketing in North America at Del Monte. Melissa’s started with 50 pineapples, according to Robert Schueller, director of public relations at Melissa’s Produce.
Persons: Del, , Cindy van Rijswick, “ there’s, Cotton Candy, McIntosh, Jim Luby, Patrick T, Fallon, Luby, Lane Turner, Oishii, Hiroki Koga, Jerod Harris, Melissa Mackay, , It’s, Melanie Zanoza Bartelme, pricey, Hailey, Strawberry, it’s, Melissa’s, Robert Schueller, ” Schueller, Bo Corley, ” Corley, Corley Organizations: New, New York CNN, , University of Minnesota, Getty, Rabobank, Citrus, Boston Globe, Vox Media, Del, Mintel, Melissa’s Locations: New York, California, Del Monte, China, United States, America, Costa Rica, AFP, Minnesota, Beverly Hills , California, North America, Erewhon, Angeles, Las Vegas, Southern California
Three former students have filed suit, saying a SoCal school district failed to protect them from "rampant" sexual abuse. AdvertisementA group of sexual abuse survivors have filed suit in Los Angeles Superior Court, saying their high school district failed to protect them from predatory teachers for years. Administrators failed to properly supervise employees, the lawsuit claims, and repeatedly "ignored and concealed the sexual abuse of minor students." "It's about protecting the interests of the school district over protecting children." After leaving a job as PE teacher in the Lake Washington School District outside of Seattle, Scott Nelson was coaching basketball in the Issaquah school district.
Persons: , Clara, Wing Chan, Alex Rai, Jane Doe, Eduardo Escobar, Escobar, I've, Michael Carrillo, Carrillo, Mark Abramson, Edward Zuniga, Chan, Rai, Edwin Reyes Villegas, Villegas, David Pitts, Pitts, Cindy, Ross Perry, Pitts didn't, didn't, Kristy, Sofia Hernandez, EMUHSD, Lee, William Riddell, Riddell, Lee couldn't, they'd, Jason Miyares, Erin Sucher O'Grady, Sucher O'Grady, Tony Arnold, Eric Burgess, she'd, David Brobeck, Brobeck, he'd, Nicole Miller, Burgess, Scott Nelson, He'd, Nelson, Lax, Matt Drange Organizations: Business, Rosemead, Service, Los Angeles Superior Court, Southern, Los, Los Angeles County Sheriff's Department, El Monte Union High School District, Business Insider, LA County Probation Department, Gabrielino, Ceanothus, High School, Fairfax County Police, Virginia Attorney's, Virginia, Fairfax County Police Department, Clayton High School, Laguna Beach High School, Laguna Beach Unified School District, Associates, Lake Washington School District, Issaquah, of Education, Los Angeles County Sheriff's, Temple City Locations: Los Angeles, Southern California, LA, California, Loudoun County , Virginia, Spokespeople, Fairfax, Louis County , Missouri, Laguna, Rosemead, Seattle, Issaquah, Lake Washington, Temple
The Viking Holdings Ltd. IPO, which starts trading today on the New York Stock Exchange, will be the biggest IPO of 2024 so far. Viking is only the biggest in a month of standouts. Eighteen IPOs raised a combined $5.3 billion in April, according to Renaissance Capital, the busiest month for IPOs since November 2021. The stock market had a miserable April, with the S & P 500 down 4% and, unsurprisingly, many recent IPOs were down. All of the larger, most recent IPOs remain above their initial offering price.
Persons: Del Organizations: Viking Holdings, New York Stock Exchange, Renaissance Capital, IPOs, Viking, Holdings, Epic Locations: Bermuda, Del Monte
Last night data security firm Rubrik priced 23.5 million shares at $32, above the price talk of 23 million shares at $28-$31, raising $752 million. Rubrik is the first tech unicorn IPO since last fall. Marex Group, a UK-based financial services company known for its global clearing business, priced 15.4 million shares at $19, the midpoint of the price talk of $18-$21, raising $292 million. Loar Holdings, which makes aerospace and defense components, priced 11 million shares at $28, above the range of $24-$26, raising $308 million. All eyes on Rubrik Rubrik is an important test of the tech IPO market.
Persons: Matt Kennedy, Rubrik, Kennedy, Ingram, Del Organizations: Marex, Nasdaq, Loar Holdings, New York Stock Exchange, Viking Holdings, Arm Holdings, Renaissance Capital, UL, Astera Labs, Forge, Companies, Ingram Micro, Epic Locations: Del Monte
So why are we now feeding Lunchables to children as part of the National School Lunch Program (NSLP)? We are proud of Lunchables and stand by the quality and integrity that goes into making them,” Kraft Heinz said. In Canada, for example, a country that often outperforms the US in public health measures such as vaccination rates, there is no national food program for children. Meals that adhered to a higher nutritional standard were also thrown away less, according to a study published in Childhood Obesity in 2015. A modeling study published in Public Health Nutrition in 2022 estimates a 20% tax would reduce purchases of UPFs by 24%.
Persons: Hasan Merali, , Hasan Merali Chris Hartlove, Kraft Heinz, Lunchables, Fresh, ” Kraft Heinz, UPFs, Tony Organizations: of Pediatrics, McMaster University, CNN, Consumer, British Medical, American, Clinical Nutrition, Public Health Nutrition Locations: Canada, Lunchables, America, Colombia, Chile, France
Two months ago, I wrote a story entitled, "The IPO market is looking very shaky and facing challenges galore." Two months later, the IPO market is still shaky, but there are definite signs of improvement. Second, three $100 million IPOs have filed to go public in the past week, including Viking (the cruise line operator) and Rubrik, a data management platform. Greg Martin at Rainmaker Securities told me that the recent performance of Reddit and Astera Labs, "Were nice shots in the arm for the IPO market. Even with markets at new highs, the specter of interest rates creeping up is still hanging over the IPO market.
Persons: Matt Kennedy, Reddit, Greg Martin, Ibotta, Ingram, Del, Viking, Howe Ng, I'm, Martin, Rainmaker, Santosh Rao Organizations: IPOs, Viking, Renaissance Capital, Astera Labs, Rainmaker Securities, NYSE, UL Solutions, Underwriters Laboratories, Nursing, Centuri Holdings, Labs, Companies, Ingram Micro, Epic, Manhattan Venture Partners Locations: IPOs, Del Monte
Earlier in the session, the conglomerate's stock reached all-time highs, following strong operating earnings in its fourth quarter. Pilgrim's Pride — Shares climbed 6.2% after the meat processing company beat Wall Street's expectations for the fourth quarter. Amer Sports — The athletic retailer climbed 3% on the back of a slew of bullish calls from Wall Street analysts. Fresh Del Monte Produce — Shares fell 2% after the agriculture company reported quarterly results that fell short of expectations. Revenue of $1.01 billion was lower than the consensus estimate of $1.03 billion.
Persons: Berkshire Hathaway —, Morgan Stanley, Pilgrim's, FactSet, Wilson, Arc'teryx, — CNBC's Brian Evans, Michelle Fox, Lisa Kailai Han, Alex Harring, Tanaya Macheel, Jesse Pound, Pia Singh Organizations: Berkshire, U.S . Securities, Exchange Commission, Amer, Wall Street, Micron Technology, , HSBC, Alcoa —, Alcoa, Fluence Energy, Susquehanna Financial, Produce, FactSet, PPG, PPG Industries Locations: FactSet ., U.S, Canada
The IPO market is looking very shaky and confronted with a host of challenges that are holding it back. Regardless, recent IPO performances have been poor across the board. IPO investors cheered the advance by bidding up the Renaissance Capital IPO ETF (IPO), a basket of recent IPOs, in December, assuming the IPO market would open up. CNBC's Jim Cramer, speaking early Thursday on Squawk on the Street , highlighted another obstacle for IPO buyers: investors are getting comfortable returns elsewhere with far lower risk. When David Faber asked why the IPO market was off to such a slow start with the markets so strong, Cramer replied, "I think it's the five percent solution," he said, referring to the ocean of money still sitting in money market funds.
Persons: Jay Powell's, Birkenstock, Smith Douglas, Amer, Greg Martin, Martin, Matt Kennedy, Kennedy, What's, Rainmaker, Del, CNBC's Jim Cramer, David Faber, Cramer Organizations: Amer, Wilson, NYSE, Smith Douglas Homes, BrightSpring, Renaissance Capital, Rainmaker Securities, Renaissance, Microsoft Locations: EBITDA, Squawk
Michael Paredes, 42, were ambushed and killed on June 14, 2022, while responding to a report of a stabbing at a motel near Los Angeles. He has a gun!” Zepeda said during the call. Santana's sister, Jessica Santana, said she believes the dispatcher should have relayed the information over the radio. El Monte Police Chief Jake Fisher said he stands by the actions of his dispatchers and officers. “We fully anticipate this finding to hold and that our DA will officially clear all involved officers and close the investigation,” Fisher said.
Persons: Joseph Santana, Cpl, Michael Paredes, Justin Flores, Maria Zepeda, Flores, Zepeda, Amber Montenegro, , shouldn't, can’t, , Santana's, Jessica Santana, “ It’s, Santana, “ That’s, ” Flores, Jake Fisher, Fisher, ” Fisher Organizations: Calif, El Monte Police, Southern California News Group, , Sheriff’s Department, Office, DA Locations: California, Los Angeles, Montenegro, ” Montenegro
Yet the main IPO ETF, the Renaissance Capital IPO ETF ( IPO ), has been for sale most of the month. "For the IPO market to open up, it would help not to have our IPO ETF down 9%," he said. Forge Global maintains a Private Market Index , a measure of 75 late-stage pre-IPO companies. "This tells you valuations are getting reset in the private market," Ng told me. Can AI save the IPO market?
Persons: Matt Kennedy, Homebuilder Smith Douglas, Don Short, Salomon, Wilson, Howe Ng, Ng, Del, Waystar, Kim Kardashian's, Short, Vincent Harrison Organizations: Renaissance Capital, Nasdaq, Amer Sports, Arc'teryx, Forge, SEC, Companies, Reuters, Auto, Turo, CNBC, Microsoft, Gaming, SpaceX, Forge Global Locations: Kazakhstan, IPOs, Pitchbook
Instacart will test ads on its Caper smart shopping carts at Bristol Farms grocery stores in Southern California, it said on Monday. This story is available exclusively to Business Insider subscribers. AdvertisementInstacart plans to have "thousands" of the Caper carts in stores by the end of 2024, Instacart CEO Fidji Simo told Bloomberg on Monday. Caper carts are just one example of the boom in what those in the industry call "retail media." AdvertisementMost retailers' ad sales are a fraction of Amazon's, which has been building its ad business for longer.
Persons: , General Mills, That's, Fidji Simo, they're, Simo Organizations: Service, Bristol Farms, Kroger, Schnucks, Business, Del, Del Monte Foods, Bloomberg, Retailers, Walmart, Amazon, Intelligence Locations: Southern California, Del Monte
Tesla CEO Elon Musk appeared to endorse an antisemitic conspiracy theory posted to X.Musk is now facing backlash from advertisers and investors. AdvertisementTesla CEO Elon Musk is under fire after he appeared to endorse an antisemitic conspiracy theory. I don't think he seeks it out, but I just think he does appreciate it for his brand, his name, you know," he said. At the Monterey, California, shopping center, the Tesla Model Y owner said Musk could impact his decision to buy another Tesla. But as he's gotten older, he's like, 'Hmm, I'm not so sure about that brand' — because of Elon Musk," he added.
Persons: Elon Musk, , I'd, he's, Tesla, Elon, Rashed Mohammed, Mohammed, He's, — he's, It's, I've, I'm Organizations: Service, Tesla, Defamation League, Del, Brooklyn Museum, EV, Twitter Locations: New York, California, New York City, Monterey , California, Brooklyn
The precious sweets landed safely enough in California, and were trucked about 30 miles across Los Angeles County to a temporary storage facility in South El Monte, run by a company called Japan Crate Acquisition. Mr. Black, who runs a freight brokering company called Freight Rate Central in Sarasota, Fla., is part of an invisible army of professionals who coordinate and marshal the fleets of trucks that crisscross the country carrying everything from chickens to smartphones. He posted the job on a trucking board that is something like a Craigslist for freight. Someone named Tristan with HCH Trucking accepted the job (though he was using a Gmail account), and said he would have the shipment picked up shortly. On Aug. 9, Tristan wrote in an email, “Hey man, The first one is loaded and rolling, the second one we’ll pick it up tomorrow first thing in the morning.”
Persons: Shane Black, . Black, Bokksu, Black, Tristan, HCH Trucking, Organizations: South El Monte, Japan Locations: California, Los Angeles County, South El, Pacific, Carlstadt, N.J, Sarasota , Fla
“Pesticide exposure during pregnancy may lead to an increased risk of birth defects, low birth weight, and fetal death,” the American Academy of Pediatrics stated. “Exposure in childhood has been linked to attention and learning problems, as well as cancer.”Yet pesticide exposure is widespread, even for chemicals that were banned years ago by federal agencies. In the 2023 Shopper’s Guide to Pesticides in Produce — a list of nonorganic produce with the most pesticides — researchers found 210 different pesticides on the 12 foods. In addition, consumers can ask food companies to “release the actual test results of pesticide concentrations in their products,” said EWG’s Temkin. “Food companies have not been publishing such data, instead relying on generalities,” she said via email.
Persons: , Cailin Dendas, , disheartening, Jane Houlihan, Houlihan, Kale, collard, ” Alexis Temkin, toxicologist, ” Dendas, Jim Watson, Dendas, Sow, General Mills, Archer Daniels, Lamb, Nestlé, Dane Lisser, Shelby Stoolman, EWG’s, Temkin, ” Temkin, “ Steer Organizations: CNN, “ Pesticides, Healthy, , , American Academy of Pediatrics, Environmental, US Environmental Protection Agency, Environmental Protection Agency, US Centers for Disease Control, Getty, Archer Daniels Midland Co, PepsiCo Inc, Conagra Brands Inc, Campbell Soup Company, Lamb Weston Holdings Inc, G Foods Inc, Cargill, Danone S.A, Del Monte Pacific Ltd, General, Inc, Kraft Heinz Company, Mars Incorporated, Mondelēz, Post Holdings Inc, ADM, US Food and Drug Administration Locations: United States, AFP
In Europe, net profit jumped 64% year-on-year in the quarter, while in South America it fell 7%. In Spain, the bank's biggest market, net profit surged almost 60%, while NII jumped 56%. In the UK, net profit rose 5.7% year-on-year in the quarter. In Brazil, its second-biggest market, net profit fell 8.9%, though NII rose 3.3%, reflecting an improvement in trends. Net profit in the United States fell 50.4% on higher funding costs in the auto business while provisions rose 49%.
Persons: Violeta Santos Moura, Ana Botin, JP Morgan, NII, Jesús, David Holmes, Mark Potter Organizations: Santander, REUTERS, Revenues, Thomson Locations: Boadilla del Monte, Madrid, Spain, MADRID, Spanish, Europe, United States, America, South America, SPAIN, BRAZIL, Portugal, Poland, Brazil
Logos of France's biggest insurer Axa are seen on a building in Nanterre, near Paris, March 8, 2016. REUTERS/Christian Hartmann/File Photo Acquire Licensing RightsBENGALURU, Oct 11 (Reuters) - Bharti Group will acquire French insurer AXA's (AXAF.PA) 49% stake in Bharti AXA Life Insurance Co, the Indian conglomerate said on Wednesday, taking full control of a venture that was jointly run for nearly two decades. "There is ample scope for life insurance to grow in India. Bharti's JV deal, made through its Bharti Life Ventures arm, is expected to close by December this year, subject to regulatory approvals. The company competes with HDFC Life Insurance (HDFL.NS), ICICI Prudential Life Insurance (ICIR.NS), SBI Life Insurance (SBIL.NS) and LIC in a market ranked ninth in the world, according to the insurance regulatory body's latest annual report.
Persons: Christian Hartmann, Bharti, Burman, Avinash Singh, Hritam Mukherjee, Nivedita Bhattacharjee, Anil D'Silva Organizations: Axa, REUTERS, Rights, Bharti Group, Bharti AXA Life Insurance, Bharti, AXA, Life Insurance Corporation of India, United Provident Association, Insurance, JV, Religare Enterprises, Emkay Global Financial Services, Bharti's JV, Ventures, Life Insurance, ICICI Prudential Life Insurance, SBI Life Insurance, Bharti Airtel, Bharti Realty, Del Monte Foods, Del, Del Monte Pacific, Thomson Locations: Nanterre, Paris, India, Del Monte, Bengaluru
Students were regularly subjected to sexual harassment by Hall, two former students told me. “I feel like so many of us were victims to the culture,” one former Rosemead student told Insider. Manipulation by a trusted adult has been passed like a virus to generations of Rosemead students. AdvertisementThe Shops at Santa Anita in Arcadia have long been a local haunt for Rosemead High students. We wondered aloud whether Masiello had harassed our mother the same way he'd done to generations of Rosemead students.
Persons: Clara didn't, She'd, Alex Rai, Eric Burgess, Burgess, Rai, Clara, they'd, Rai texted, she'd, who'd, Mark Abramson, Rai didn't, Leonard Levine, — I'm, Alex Rai wasn't, wouldn't, Rosemead, RubyAnna Sare, Sare, Harlan Mayne, Mayne, Dwain Crum, he'd, colluded, Crum, Robin Torres, Torres, Edward Zuniga, Zuniga, Paul Arevalo, Kristy, Jim Hall, Hall, groped, Angela, Diane Bladen, Bladen, Michael Sullivan, Sullivan, Denton Todd, Todd, Barbara, Arevalo, Barbara said, Matt Drange, Andrew Dalton, Dalton, ” Mark Abramson, I've, Will, Suzy, Carly Sanchez, Sanchez, aren't, , David Pitts —, Pitts, Cindy, Scriabin, David Pitts, couldn't, That's, G, You'd, It's, Wing Chan, Chan, Louis Vuitton, Justin Rosien, Rosien, Rosien texted, cringed, Jim Hall's, Don Masiello, Paul Arevalo's, Sergio Caveyo, Caveyo, Brian Day, Alex, messaged, Brian Aliff, Aliff, Nichole, I'd, scoot, Michelle, Michelle's, Michelle didn't, Sarah, Brian Bristol, didn't, Nichole's, Weeks, Herbert Ortiz, Jaime, Ortiz, Richard Daniels, Daniels, Fidel Dominguez, Rosemead High's, Larry Callaham, Masiello, Jan Herzog, Herzog, Justin Fregoso, James Eder, Fregoso, me Eder, Eder, they've, Anne Bazile, Bazile, Unbeknownst, Arevalo —, Jonathan Howard, Credentialing, Howard, Elaine Rose, Rose, El Monte Union High School District Arevalo, he's, José Gallegos, Gallegos, Billie, Jo Grant, Grant, Michael Cohen, Cohen, Santa Claus, Oz, California's, haven't, Lupe Nieves, Nieves, reenacted, faxed, Harold Greenberg, Dan Morris, Morris, Alex Valdez, J, Valdez, alums, Heidi, Guillermo, she's, Clara wasn't, Mark Matthews, Matthews, Rai groped, Janine Salanitro, Zuniga hasn't, Felipe Salazar, Salazar, Andrew Dalton's, Matt Drange’s Organizations: Business, Rosemead High School, Rosemead High, Rosemead, El Monte Union High School District, Sheriff's Department, TA, El Monte Union High School, X's, Ford, Business Insider, Casa del Rey, Nissan, Nike, Bristol, Arroyo High School, High School, Los, Los Angeles County Sheriff's Department, Perris High School, of Education, Angeles County Sheriff's Department, California, California Department of Education, Monte Union High School, Valdez, Gabrielino, Rai, Los Angeles County Sheriff's, Temple City Locations: Southern California, Rosemead, San Gabriel Valley, San Gabriel, Los Angeles, Huntington Beach, Pasadena, Bladen, California, Arevalo, Utah, Santa, Arcadia, Beverly Hills, Burgess, Bristol, Arroyo, Perris, California's, Angeles, Cindy's, Los Angeles County, Temple
“What’s really cool is they’re taking the reins, not just in terms of being fans, but also fronting these tribute bands and producing their own music. They’re fully participating in every sense in these subcultures.”In 2022, the rising El Monte, Calif., band the Red Pears covered the Strokes’ “Automatic Stop” for Unquiet Live’s YouTube channel. But it was each band member’s individual love of the Strokes that helped bring them together and shape their sound. “In our city there was a lot of punk, ska and metal bands,” Vargas said in an interview. “We were the only ones that were branching out, trying out different stuff.”
Persons: Jose Maldonado, Morrissey, , , They’re, El, Pears, Unquiet, Henry Vargas, ” Vargas Organizations: Smiths, California State University , Los, Calif, YouTube Locations: California State University , Los Angeles, Los Angeles, El Monte
The Lunchables fresh fruit tray not only has a new location – Lunchables are typically found in a store’s refrigerated aisle – but also tweaked packaging and pricing. Lunchables is heading to the produce aisle with a fresh fruit snack tray for kids. The fresh fruit option will also have a shorter shelf life of about 10 days compared to 90 to 110 days for other Lunchables. Lunchables, he said, has included fruit in past products but not fresh fruits. The catalyst to rethink fruits in the snack tray emerged last year when the brand “saw almost a 500% increase in search for Lunchables with fruits,” he said.
Persons: New York CNN —, Kraft Heinz, ” Vikramjeet Singh, Kraft Heinz Singh, , Singh, , Lunchables, Fresh, Kraft Organizations: New, New York CNN, Kraft, Walmart, CNN, Lunchables Locations: New York, South Central
This means agencies creating the wildland-urban interface or WUI — where human settlements meet the natural environment — are not ultimately responsible for protecting it. By my fifth year in firefighting, I’d seen plenty of wildfires and structure fires, and wildfires threatening structures. As we convoyed in, a battalion chief instructed each engine company, “If it’s not savable, leapfrog to the next house. Smoke rises from the Texas Creek wildfire south of Lillooet, British Columbia, Canada, on July 9. In this banner year, some are crying for Canada to form a national fire department.
Persons: Clare Frank, Read, Cynthia Smalley, nature’s, partiers, leapfrog, Luis Ascui, they’d, ember, Smokey Bear, , it’s, Canada’s Organizations: CNN, CNN —, Del, Getty, Australia, Service, Reuters, Twitter, Facebook Locations: California’s, United States, Pebble Beach , California, Del Monte Forest, Kinglake, Victoria, Australia, Canada, Texas, Lillooet, British Columbia, California, Greece, Spain, Portugal, Italy, France
The shelter, first opened two decades ago, has seen a host of new residents this year following a string of recent wildfires, droughts and heavy rains. Among the animals housed at the Refugio Animal Cascada, which translates to Waterfall Animal Refuge, are foxes, falcons, owls and pumas. "We welcome (the wildlife) in order to rehabilitate them and release them," wildlife shelter director Kendra Ivelic said. Others, however, cannot be released because of the severity of their injuries, she added, such as a hawk who lost an eye. This week, the shelter is opening a new Environmental Education and Exhibition Center, which will house native animals that cannot be released and have been affected by fires or other environmental disasters.
Persons: Kendra, Cascada, Read, Maisa Rojas, Kendra Ivelic, Isabel Woodford, Sandra Maler Organizations: Refugio Animal, puma, Exhibition, Environmental Education Center, Chilean Environment, Environmental Education, Exhibition Center, Reuters, Thomson Locations: Refugio, SANTIAGO, Chile's, Santiago
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: I was positive on RH while the CEO was negative, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Super Micro Computer, Fresh Del Monte, MYR Group, Sterling Infrastructure, RH and Datadog.
Persons: Jim Cramer Organizations: MYR, Sterling Infrastructure
During the period, while U.S. inflation averaged 7.5% Walmart kept prices steady, the Dataweave analysis shows. Reuters Graphics Reuters GraphicsThis was during a time when world food prices hit record highs and U.S. food-at-home prices rose in the double digits. Food-at-home prices, or prices of food bought at grocery stores and supermarkets, are expected to rise a further 6.6% this year, according to the U.S. Department of Agriculture. The data set, which included batteries in the basket of goods, showed that Walmart sold Energizer batteries at a significant discount to rivals. Similarly, at least two different types of Energizer coin batteries sold at Walmart were found to be between 30% and 35% cheaper than the next lowest priced rival.
The Department of Labor randomly investigated 50 clothing companies in Southern California. It found that more than 80% were breaking one or more provisions of federal labor law. One garment maker was paying workers just $1.58 an hour. In what the department described as a "particularly egregious case," one garment manufacturer — making clothes for brands including Nordstrom, Neiman Marcus, Stitch Fix, and Von Maur, per investigators — was found to be paying some workers an hourly rate of just $1.58. It shows, she argued, "that strong federal action is needed to change the abusive pay rates in the American garment manufacturing industry."
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