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Search resuls for: "New York-Based Reporter Covering U.S. Consumer Products"


13 mentions found


☆ Environmentalists ask SEC to examine P&G's wood pulp supply chain claims
  + stars: | 2022-11-30 | by ( Jessica Dinapoli | Thomson Reuters | New York-Based Reporter Covering U.S. Consumer Products Spanning Paper Towels To Packaged Food | ) www.reuters.com   time to read: +2 min
The advocacy group wrote that P&G's claims could be materially misleading to investors because the company sources from pristine forests and from areas that are habitats for caribou. P&G annually purchases more than one million metric tons of wood pulp, which comes from trees, to makes Charmin toilet paper, Bounty paper towels and Puffs tissues. NRDC wants the SEC, the main U.S. markets regulator, to consider appropriate enforcement action or require P&G to update its statements to investors. The environmental group also said that P&G's claims are concerning because some investors take into consideration how the company ranks compared to its peers on its environment-related actions. NRDC also said that P&G is overly reliant on third-party certifications for the sustainability of its wood pulp supply chain.
☆ Early Black Friday 'deals' abound, but actual bargains are scarce
  + stars: | 2022-11-18 | by ( Jessica Dinapoli Arriana Mclymore | Jessica Dinapoli | Arriana Mclymore | ) www.reuters.com   time to read: +6 min
Reuters GraphicsMelissa Benhaim, a 32-year old publicist in Miami, started her holiday shopping slightly later than usual this year. A Saturday shopping day between Thanksgiving and Christmas this year gives shoppers extra time to hold out for better bargains. Holiday shopping is expected to slow broadly. Reuters GraphicsBut toy prices, even with discounts, are up about 2.4%, DataWeave found. Shoppers are paying $16.99 for the toy this year at Kohl's, after discounts, compared to $11.54 last year, according to DataWeave.
☆ First TVs, now tortillas: U.S. companies set minimum prices to halt discounting
  + stars: | 2022-11-17 | by ( Jessica Dinapoli | Thomson Reuters | New York-Based Reporter Covering U.S. Consumer Products Spanning Paper Towels To Packaged Food | ) www.reuters.com   time to read: +4 min
read moreFor many years manufacturers set the lowest price at which retailers could advertise certain big-ticket items like TVs. read more As a result, consumers have struggled to find a lower advertised price anywhere else. This compels brands that sell huge volumes of goods on Amazon to set, and then enforce, a minimum price. "We have no role in creating them or in their continued adoption," the Amazon spokesperson said when asked about minimum advertised pricing policies. Amazon said in response that it does not prevent sellers from offering lower prices elsewhere.
☆ Oreo maker Mondelez pulls ads off Twitter, citing hate speech -CEO
  + stars: | 2022-11-08 | by ( Jessica Dinapoli | Thomson Reuters | New York-Based Reporter Covering U.S. Consumer Products Spanning Paper Towels To Packaged Food | ) www.reuters.com   time to read: +1 min
"What we’ve seen recently since the change on Twitter has been announced, is the amount of hate speech increase significantly," Van de Put said. Twitter last week laid off half its workforce as advertisers pulled spending amid concerns about content moderation. Twitter, which has lost many members of its communications team, did not immediately respond to a request for comment. Van de Put added that Mondelez, which makes Cadbury and Milka chocolates, is expecting a strong holiday season. Reporting by Jessica DiNapoli in New York Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.
☆ Baby formula maker Perrigo buying Nestle's Good Start brand, Wisconsin plant
  + stars: | 2022-11-01 | by ( Jessica Dinapoli | Thomson Reuters | New York-Based Reporter Covering U.S. Consumer Products Spanning Paper Towels To Packaged Food | ) www.reuters.com   time to read: +2 min
NEW YORK, Nov 1 (Reuters) - Infant formula manufacturer Perrigo Company Plc (PRGO.N) said on Tuesday it is buying the Good Start brand and a Wisconsin plant that makes the product from Nestle SA (NESN.S), as U.S. retailers recover from shortages of the good. The deal is part of a $170 million investment that Perrigo is making in its U.S. infant formula manufacturing. The investment includes $60 million to expand the plant's capacity by roughly 100 million eight-ounce bottles each year. Nestle has sent cans of specialized Alfamino formula and NAN from Europe to help try to alleviate the shortage earlier this year. Perrigo will supply Nestle with Good Start formula so the company can fulfill its contracts with the Women, Infants and Children program, which helps poor families afford the item.
☆ EXCLUSIVE Activist investor Peltz meets possible Unilever CEOs
  + stars: | 2022-10-24 | by ( Jessica Dinapoli Richa Naidu | Jessica Dinapoli | Richa Naidu | ) www.reuters.com   time to read: +4 min
Along with other consumer goods companies, Unilever has faced a surge in labor, freight and ingredients costs. Billionaire Peltz in recent weeks met two possible contenders to replace Jope, one of the sources said. FLORIDA TALKSEven before Jope announced his departure, Peltz met with a former consumer goods CEO in Florida, one of the sources said. In the last month, Peltz and his team also approached another former consumer packaged goods CEO about the Unilever job, the source said. Peltz supports Unilever's sustainability strategy, including a plan to decarbonize the company's business units, Unilever has said.
☆ Exclusive: Activist investor Peltz meets possible Unilever CEOs
  + stars: | 2022-10-24 | by ( Jessica Dinapoli Richa Naidu | Jessica Dinapoli | Richa Naidu | ) www.reuters.com   time to read: +4 min
Along with other consumer goods companies, Unilever has faced a surge in labor, freight and ingredients costs. Billionaire Peltz in recent weeks met two possible contenders to replace Jope, one of the sources said. FLORIDA TALKSEven before Jope announced his departure, Peltz met with a former consumer goods CEO in Florida, one of the sources said. In the last month, Peltz and his team also approached another former consumer packaged goods CEO about the Unilever job, the source said. Peltz supports Unilever's sustainability strategy, including a plan to decarbonize the company's business units, Unilever has said.
☆ P&G CEO and chairman, corporate directors re-elected to board after 'vote no' challenge
  + stars: | 2022-10-11 | by ( Jessica Dinapoli | Thomson Reuters | New York-Based Reporter Covering U.S. Consumer Products Spanning Paper Towels To Packaged Food | ) www.reuters.com   time to read: 1 min
NEW YORK, Oct 11 (Reuters) - Procter & Gamble Co (PG.N) shareholders re-elected with more than 90% support the consumer goods company's CEO and chairman and all of its current directors to the board at its virtual annual meeting on Tuesday. Environmental non-profits had urged shareholders to vote against CEO Jon Moeller as chairman of the board, preferring an independent chair instead, and also opposed two directors, Angela Braly and Patricia Woertz. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Jessica DiNapoli in New YorkOur Standards: The Thomson Reuters Trust Principles.
☆ P&G CEO and chairman, corporate directors re-elected to board after challenge
  + stars: | 2022-10-11 | by ( Jessica Dinapoli | Thomson Reuters | New York-Based Reporter Covering U.S. Consumer Products Spanning Paper Towels To Packaged Food | ) www.reuters.com   time to read: +2 min
Environmental non-profits had urged shareholders to vote against CEO Jon Moeller as chairman, preferring an independent chair instead, and also opposed two directors, Angela Braly and Patricia Woertz. The non-profits said that Cincinnati-based P&G has taken "insufficient action" to deal with the risks related to deforestation. Some investors such as the New York State Common Retirement Fund and New York City pensions backed the environmentalists' efforts. Moeller said that P&G has products like Tide Pods at multiple price points, spanning from a Tide Power Pod at 50 cents to a Tide Simply Pod at 20 cents. More than 100 shareholders attended the virtual meeting, Moeller said.
☆ P&G faces challenge to CEO Moeller as chairman from environmentalists, investors
  + stars: | 2022-10-10 | by ( Jessica Dinapoli | Thomson Reuters | New York-Based Reporter Covering U.S. Consumer Products Spanning Paper Towels To Packaged Food | ) www.reuters.com   time to read: +3 min
Boxes of Tide detergent, a Procter & Gamble product, sit on a shelf at a store in Alexandria, May 28, 2009. Register now for FREE unlimited access to Reuters.com RegisterThe groups request replacing Moeller with an independent chair. Norway's sovereign wealth fund also plans to vote against Moeller, according to a voting notice on its website. Institutional Shareholder Services Inc and Glass Lewis, firms that make widely-followed recommendations on voting for investors, said shareholders should support Moeller and the two directors. ISS said investors should take caution when supporting Moeller and the directors because of "ongoing concerns" regarding deforestation.
☆ EXCLUSIVE PepsiCo ends Pepsi, 7UP production in Russia months after promising halt over Ukraine
  + stars: | 2022-09-20 | by ( Jessica Dinapoli Alexander Marrow | Jessica Dinapoli | Alexander Marrow | ) www.reuters.com   time to read: +3 min
A view shows a shelf with bottles of Pepsi at a grocery store in Moscow, Russia September 9, 2022. The continued production means sodas are still widely available in Moscow and also in Vladivostok in the far east and Krasnoyarsk in Siberia, according to a review by Reuters. The West has not sanctioned food and drink as part of sweeping measures aimed at punishing Russia over its actions in Ukraine. Earlier in the summer, shops in the capital were still selling off stockpiles of foreign beers, months after the brewers said they would halt production. read moreAtlanta-based rival Coca-Cola Co's (KO.N) production in Russia also continued after it said in March it would suspend operations.
☆ Environmental groups ask P&G investors to vote against CEO as board chair
  + stars: | 2022-09-19 | by ( Jessica Dinapoli | Thomson Reuters | New York-Based Reporter Covering U.S. Consumer Products Spanning Paper Towels To Packaged Food | ) www.reuters.com   time to read: +5 min
They also oppose corporate directors Angela Braly, chair of the governance and public responsibility committee and Patricia Woertz, a member of that committee. Register now for FREE unlimited access to Reuters.com RegisterInvestors are set to vote on the re-election of P&G's corporate directors at its annual meeting on Oct. 11. In the filing, the environmental groups request replacing Moeller with an independent chair, a structure some investors prefer. Braly's role as chair of the governance and public responsibility committee, which oversees environmental concerns including forestry, "have not succeeded in mitigating" risks in P&G's forest sourcing, the environmental groups said. The environmental groups said Moeller's work with Monsanto, owned by Bayer, "does not align with prioritizing corporate responsibility or scientific integrity."
☆ Environmental groups ask investors to vote against P&G CEO, directors
  + stars: | 2022-09-19 | by ( Jessica Dinapoli | Thomson Reuters | New York-Based Reporter Covering U.S. Consumer Products Spanning Paper Towels To Packaged Food | ) www.reuters.com   time to read: +4 min
Register now for FREE unlimited access to Reuters.com RegisterInvestors are to vote on the re-election of P&G's corporate directors at its annual meeting on Oct. 11. Last year, NRDC also urged investors to vote against Braly, and she received significantly fewer votes for her re-nomination to the board compared to other directors, according to a securities filing. P&G is "laser-focused on shareholder values and the value of the company from an asset perspective," Matthews said. Braly's role as the chair of the governance and public responsibility committee, which oversees environmental concerns including forestry, "have not succeeded in mitigating" risks in P&G's forest sourcing, the environmental groups said. The environmental groups said Moeller's work with Monsanto, now owned by Bayer, "does not align with prioritizing corporate responsibility or scientific integrity."
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