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Search resuls for: "Jennifer Ma"


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☆ Coca-Cola Has a Sports-Drink Problem as BodyArmor Stumbles
  + stars: | 2023-02-14 | by ( Jennifer Maloney | Dean Seal | ) 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/coca-cola-ko-q4-earnings-report-2022-b580807d
☆ Anheuser-Busch InBev’s Super Bowl Ad Reflects a Shift in Strategy
  + stars: | 2023-02-10 | by ( Jennifer Maloney | ) www.wsj.com   time to read: 1 min
Squeezed by inflation, people are drinking at home again. The shift is causing whiplash for companies like Budweiser brewer Anheuser-Busch InBev SA, which had to pivot during the pandemic when consumers were stuck at home in lockdown and then flocked back to bars and restaurants when restrictions were lifted. Consumers in December said they were dining out less and eating at home more than they had over the past year, and they planned to eat at home even more in the coming month, according to a survey across 15 countries by Ipsos, a survey-based research company. AB InBev, which charts consumer trends through online panels, has received similar feedback.
☆ Marlboro Maker’s Sales Fall as Smokers Switch to Cheaper Cigarettes
  + stars: | 2023-02-01 | by ( Jennifer Maloney | ) 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/altria-mo-q4-earnings-report-2022-11675259807
☆ Juul in Deal Talks With Three Tobacco Giants
  + stars: | 2023-01-25 | by ( Jennifer Maloney | Laura Cooper | ) www.wsj.com   time to read: 1 min
Juul in December agreed to pay $1.7 billion in a settlement covering over 5,000 lawsuits. Juul Labs Inc. is looking for a new partner. The e-cigarette maker, which came close to filing for bankruptcy protection last fall, is now in early-stage talks with three tobacco giants, according to people familiar with the matter. Juul is seeking a potential sale, strategic-investment, licensing or distribution deal, the people said.
☆ Coke, PepsiCo Are Target of Probe by Federal Trade Commission
  + stars: | 2023-01-10 | by ( Jennifer Maloney | Dave Michaels | ) www.wsj.com   time to read: 1 min
The Federal Trade Commission is investigating potential price discrimination in the U.S. beverage market by Coca-Cola Co. and PepsiCo Inc. Still at a preliminary stage, the probe is looking for violations of a law that prohibits suppliers from offering advantageous prices to favored customers or in a specific geographic market, according to people familiar with the matter.
☆ Beer Sales Drop as Consumers Balk at Higher Prices
  + stars: | 2023-01-06 | by ( Jennifer Maloney | ) 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/beer-sales-drop-as-consumers-balk-at-higher-prices-11673010058
☆ Economy Has Drinkers Choosing Prosecco Over Champagne
  + stars: | 2022-12-29 | by ( Jennifer Maloney | ) www.wsj.com   time to read: 1 min
Some consumers unwilling to switch brands are buying smaller bottles of the expensive liquors they favor. Shoppers are reaching less for the top shelf. For more than a decade, high-price drinks have driven sales growth in the wine and spirits industries as people traded up for fancier brands. That is now changing: Sales growth of costlier spirits and wine is slowing, and even reversing, as shoppers seek out more value.
☆ 25 top PR hires of 2022, as companies like Activision and McDonald's grabbed executive talent to message around M&A and economic volatility
  + stars: | 2022-12-28 | by ( Michael Kaminer | ) www.businessinsider.com   time to read: +1 min
Public relations jobs were in hot demand as companies navigated an economic crises and M&A scrutiny. Top talent from places like the Biden administration, and the NFL became available in 2022.Insider tallied up the year's biggest executive hires in the public relations industry. The PR industry's talent wars raged on this year, agency owners and executives tell Insider, as firms push into content, production, and even management consulting. The right hires can affect business. A well-connected executive can reel in business from high-level contacts and leverage those connections on behalf of clients.
☆ Kayakers hailed as heroes for rescuing pilot from icy creek after plane crash
  + stars: | 2022-12-26 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com   time to read: +2 min
Quick-thinking kayakers are being hailed as heroes after helping rescue a pilot whose single-engine plane crashed Monday morning into an icy creek in Maryland, authorities said. The aircraft plummeted into Beards Creek in Edgewater near the Lee Airport shortly before 10:30 a.m., according to Maryland State Police. While the plane was sinking, the pilot exited his plane and stood on the wing. A small plane crashed into an icy creek in Maryland on Monday. WRC/WBALShortly after, personnel with the Maryland Department of Natural Resources arrived by boat, police said.
☆ New Zealand Bans Cigarette Sales for Everyone Born After 2008
  + stars: | 2022-12-14 | by ( Jennifer Maloney | ) www.wsj.com   time to read: 1 min
New Zealand this week adopted a steadily rising tobacco-purchase age and mandated the near-elimination of nicotine from all cigarettes sold in the country, pushing forward on a plan to create a smoke-free nation as other countries consider similar measures. The law passed Tuesday bans the sale of tobacco products in New Zealand to anyone born on or after Jan. 1, 2009, so those who are age 13 or younger today will never be able to legally purchase tobacco in their lifetimes. Under the law, the number of retail outlets allowed to sell tobacco will be reduced to 600 from about 6,000 by the end of next year. The law also requires the reduction of nicotine in cigarettes to nonaddictive levels—a policy that is expected to be implemented by 2024.
☆ Juul to Pay $1.7 Billion in Legal Settlement
  + stars: | 2022-12-09 | by ( Jennifer Maloney | ) www.wsj.com   time to read: 1 min
Juul has said it never targeted young people and that it has been working to regain the public’s trust. Juul Labs Inc. has agreed to pay $1.7 billion in a broad legal settlement covering more than 5,000 lawsuits, according to people familiar with the matter. Many of the lawsuits accused the e-cigarette maker of marketing its addictive products to children and teens. Juul has said it never targeted young people and that it has been working to regain the public’s trust.
☆ Juul settles another 5,000 lawsuits after receiving equity investment, an effort CEO calls 'yet another significant step to secure our path forward'
  + stars: | 2022-12-07 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +3 min
Juul Labs settled over 5,000 lawsuits covering 10,000 plaintiffs on Tuesday. The company said it secured an equity investment to fund the settlement, according to a spokesperson. Juul agreed to pay $439 million to US states and territories in a separate settlement in September. Plaintiffs of the suit include Juul consumers, personal-injury plaintiffs, government entities, and Native American tribes, WSJ reported. A spokesperson for the vape company told Insider the settlement is a "major step" in shaping the future of the company.
☆ Juul Reaches Settlement of Over 5,000 Lawsuits
  + stars: | 2022-12-06 | by ( Jennifer Maloney | ) www.wsj.com   time to read: 1 min
Juul said that it had secured an equity investment to cover the cost of the settlement. Juul Labs Inc. reached a sweeping legal settlement Tuesday covering more than 5,000 lawsuits and about 10,000 individual plaintiffs, resolving much of the legal uncertainty that had pushed the e-cigarette company to the brink of bankruptcy. Juul said Tuesday that it had secured an equity investment to cover the cost of the settlement. Financial terms weren’t disclosed. Juul has been in talks with early investors including two of its longtime board members, Hyatt Hotels heir Nick Pritzker and California investor Riaz Valani, to fund a bailout that would cover legal liabilities, The Wall Street Journal previously reported.
☆ PepsiCo to Lay Off Hundreds of Workers in Headquarters Roles
  + stars: | 2022-12-05 | by ( Lauren Thomas | Jennifer Maloney | ) www.wsj.com   time to read: 1 min
PepsiCo employed about 129,000 people in the U.S. as of Dec. 25 last year. PepsiCo Inc. is laying off workers at the headquarters of its North American snacks and beverages divisions, a signal that corporate belt-tightening is extending beyond tech and media, according to people familiar with the matter and documents reviewed by The Wall Street Journal. Hundreds of jobs will be eliminated, one of the people said. The cuts affect the company’s North America beverage business, which is based in Purchase, N.Y., and its North America snacks and packaged-foods business, which has headquarters in Chicago and Plano, Texas, the people said.
☆ Efforts to Make Legal Cannabis Industry Equitable Are Falling Flat
  + stars: | 2022-12-02 | by ( Vipal Monga | Jennifer Maloney | ) www.wsj.com   time to read: 1 min
More than a dozen states have created programs to give minorities who were disproportionately affected by the war on drugs a chance to participate in their legalized cannabis industries. So far, those efforts haven’t worked.
☆ Efforts to Make Legal Cannabis Equitable Are Falling Flat
  + stars: | 2022-12-02 | by ( Vipal Monga | Jennifer Maloney | ) www.wsj.com   time to read: 1 min
More than a dozen states have created programs to give minorities who were disproportionately affected by the war on drugs a chance to participate in their legalized cannabis industries. So far, those efforts haven’t worked.
☆ Families of Americans who died of apparent carbon monoxide poisoning in Mexico City to sue Airbnb
  + stars: | 2022-12-01 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Gabe Gutierrez | ) www.nbcnews.com   time to read: +8 min
The women's attorney, L. Chris Stewart, based in Atlanta, said the Americans died from carbon monoxide poisoning caused by a malfunctioning water heater. Investigators believe the trio died from carbon monoxide poisoning, Mexico City prosecutors said. Ben Jared / PGA TOUR via Getty Images fileAccording to the Centers for Disease Control and Prevention, carbon monoxide poisoning is almost entirely preventable. But carbon monoxide poisoning can be especially dangerous during power outages, when people use alternative sources of fuel or electricity, such as generators. A winter storm in Texas in mid-February 2021 resulted in one of the worst carbon monoxide poisoning incidents in recent history, experts said.
☆ Elon Musk Says He Will Reinstate Suspended Twitter Accounts
  + stars: | 2022-11-25 | by ( Jennifer Maloney | ) www.wsj.com   time to read: 1 min
Since Elon Musk took over Twitter, it has reinstated several high-profile accounts, including those belonging to former President Donald Trump and rapper Kanye West. Elon Musk said he would reinstate suspended accounts on Twitter Inc.’s social-media platform, bringing back users that previously had been banned for posting hate speech, inciting violence or engaging in other behavior that violated its policies. Mr. Musk said Thursday the amnesty would begin next week, provided the accounts haven’t “broken the law or engaged in egregious spam.” He made the decision after polling users on the platform. “Vox Populi, Vox Dei,” he tweeted, a Latin phrase meaning the voice of the people is the voice of God.
☆ California mother charged after 3-year-old son dies of fentanyl overdose
  + stars: | 2022-11-11 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com   time to read: +2 min
A California mother has been charged with child endangerment after her 3-year-old son died of a fentanyl overdose earlier this year, police say. Jennifer Mae Niemann, 30, was the primary caregiver of the boy and was present when her child died on May 4, the San Luis Obispo Police Department said Thursday. Police received a call at 10:15 p.m. local time about an unresponsive 3-year-old boy who was turning blue and not breathing at a home in the 1600 block of Mill Street in San Luis Obispo. The boy was transported to a nearby hospital but never regained consciousness and was pronounced deceased that evening. On Monday, San Luis Obispo Police detectives went to San Diego to attempt to locate Niemann, who they described as transient, and she was located Tuesday and taken into custody.
☆ Juul Secures Financing to Avoid Bankruptcy, Plans to Cut 30% of Jobs
  + stars: | 2022-11-10 | by ( Jennifer Maloney | ) www.wsj.com   time to read: 1 min
Juul Labs Inc. has secured a cash infusion from some of its early investors to stave off bankruptcy and plans to lay off about a third of its global staff, company officials said. The embattled e-cigarette maker had been preparing for a possible chapter 11 filing amid a dispute with federal regulators over whether its products can remain on the U.S. market.
☆ 3 Americans found dead at Airbnb in Mexico on trip to celebrate Day of the Dead, officials and family say
  + stars: | 2022-11-09 | by ( Chantal Da Silva | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com   time to read: +4 min
Three Americans were found dead at an Airbnb they rented out in Mexico City for a trip to celebrate the Day of the Dead, authorities and family said Wednesday. When authorities arrived, they found all three of the Airbnb guests dead, WAVY reported. The State Department confirmed the deaths of three Americans in Mexico in a statement sent to NBC News on Wednesday morning. Ceola Hall, Courtez Hall's mother, told NBC affiliate WDSU of New Orleans that her son was a teacher at the city's KIPP Morial School. Describing her son as a "joyous child," she said: "He loved me, he loved his family.
☆ Sean ‘Diddy’ Combs to Buy Cannabis Operations in New York, Two Other States for Up to $185 Million
  + stars: | 2022-11-04 | by ( Jennifer Maloney | ) www.wsj.com   time to read: 1 min
Sean ‘Diddy’ Combs, shown performing in Las Vegas in September, says he wants to increase Black participation in the cannabis industry. Sean “Diddy” Combs has agreed to purchase licensed marijuana operations in three states for up to $185 million, adding a new business to a portfolio that includes fashion, media and spirits. If approved by U.S. and state regulators, the deal could create the nation’s largest Black-owned and licensed cannabis company. Mr. Combs said he wants to use the business as a platform to increase Black participation in the cannabis industry.
☆ Altria to Take on Juul, Philip Morris in Smoke-Free Tobacco
  + stars: | 2022-10-27 | by ( Jennifer Maloney | ) www.wsj.com   time to read: 1 min
Altria plans to work with Japan Tobacco to market two new devices that heat tobacco but don’t burn it or produce smoke. Marlboro maker Altria Group Inc. said it is forming a partnership with Japan Tobacco Group to develop and sell heated tobacco devices in the U.S. and abroad. The move pits Altria against its former strategic partners, Philip Morris International and Juul Labs Inc., in the race to dominate the market for smoke-free tobacco products. It also gives Altria access to markets outside the U.S. Altria’s sales have been limited to the U.S. since it split from Philip Morris in 2008.
☆ Juul Discusses a Possible Bailout With Two of Its Biggest Investors
  + stars: | 2022-10-25 | by ( Jennifer Maloney | ) www.wsj.com   time to read: 1 min
Juul says it is continuing to explore several strategic options to secure its business. Juul Labs Inc. is in talks with two of its biggest investors on a bailout that could help the e-cigarette maker stave off a bankruptcy filing, according to people familiar with the matter. Hyatt Hotels heir Nick Pritzker and California investor Riaz Valani are considering putting up money to cover the vaping company’s operations and near-term legal liabilities, the people said. Messrs. Pritzker and Valani were early investors in Juul, have been longtime directors and are among the company’s largest shareholders.
☆ Coca-Cola Raises Outlook as Sales Jump 10%
  + stars: | 2022-10-25 | by ( Jennifer Maloney | ) www.wsj.com   time to read: 1 min
Coca-Cola raised its outlook for sales and profit for 2022, but said it was introducing packages at lower price points as it prepares for a global recession. The beverage company’s revenue increased 10% for the quarter ended Sept. 30, as consumers continued to absorb higher prices. Coca-Cola’s prices were 7% higher, on average, than in the same period last year, said the company’s finance chief, John Murphy .
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