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TORONTO, Dec 28 (Reuters Breakingviews) - Like dogs seeking forever homes, stray pet businesses will find new owners in 2023. After a surge in Covid-19 lockdown adoptions, some seven out of 10 U.S. households owned one, according to a recent survey by The American Pet Products Association. Nestlé (NESN.S) boss Mark Schneider, for one, said he is open to opportunities in pet food, while Colgate-Palmolive (CL.N) recently bought additional manufacturing facilities to beef up its Hill’s Pet Nutrition division. Privately held Mars, which acquired Canada-based Champion Petfoods and Nom Nom, also could be on the hunt. Separately, Mars also agreed to acquire pet food brand Nom Nom for an undisclosed price, Bloomberg reported on Jan. 14.
Amazon's digital ad business is only behind Google's and Meta's — and it's already stolen budget from Meta. Today, that advertising business is no longer simply a way to drive product sales on Amazon. Amazon's ad business, which generated $9.5 billion during the third quarter of 2022, dwarfed Microsoft and Snap and ranked third behind Google and Facebook parent, Meta. There are now nearly 600 advertising partners in Amazon's advertising ecosystem, according to Amazon's directory of companies in the space. As part of its ambitions to grow advertising, Amazon also pitches a data clean room called Amazon Marketing Cloud.
Third Point's Dan Loeb hiked his stake in Bath & Body Works to 6% as the activist investor said he might push for board changes to improve governance issues at the retailer, according to a new regulatory filing. Shares of Bath & Body Works jumped about 5% in premarket trading Friday. Loeb said he might seek changes in board composition if the issues at hand don't resolve quickly. Bath & Body Works didn't immediately respond to CNBC's request for comment. Last month, Bath & Body Works reported quarterly earnings that were more than double what analysts had anticipated.
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.
Daniel Loeb's Third Point disclosed new positions in retailers Bath & Body Works and TJX Companies in the third quarter, a new regulatory filing showed. The hedge fund built a $265 million bet in Bath & Body Works, making the retailer its sixth biggest holding at the end of the third quarter, the filing showed. Off-price retailer TJX has fared better,, with shares slipping only about 3% on the year. Loeb's largest positions: Consumer giant Colgate-Palmolive was Loeb's biggest position at the end of the third quarter, with a stake worth more than $800 million, the filing showed. Loeb took a $241 million stake on Twitter last quarter, betting that Elon Musk's takeover deal would go through.
Want to make more than $200,000 a year in New York? The options may be more plentiful than you think. From content director at Colgate-Palmolive Co. to the diversity, equity and inclusion business manager at Macy’s Inc., the list of jobs offering the chance to make over $200,000 includes careers in a wide a range of industries, one of the early revelations from New York City’s new salary transparency law.
First Tom and Gisele—Now Colgate and Palmolive?
  + stars: | 2022-10-30 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
Colgate-Palmolive reported results with sales and earnings more or less in line with analyst estimates. The sports and modeling worlds have been rocked by news of a high-profile divorce. Could one of corporate America’s most famous unions also be headed for the splits? An activist challenge to the consumer-goods giant Colgate-Palmolive has started a discussion over whether and how it could be broken up. No big moves are imminent, but the chatter could ultimately lead to many far-reaching outcomes.
Morning Bid: Tech melts, buck bounces
  + stars: | 2022-10-28 | by ( ) www.reuters.com   time to read: +3 min
All of which raises some questions about the price at which Elon Musk eventually agreed to buy Twitter. But the dollar rallied on Friday as other central banks looked to more than match any easier Fed tilt. Eyes are shifting to another U.S. inflation update later, with European growth and inflation numbers surprising to the upside. Although spurred back higher on Friday by the inflation news, European bond markets had a dovish take on Thursday's doubling of European Central Bank interest rates to 1.5%. Key developments that should provide more direction to U.S. markets later on Friday:* U.S. September PCE price index, personal income and consumption.
Nasdaq 100 futures were lower Thursday night after disappointing Amazon earnings added to the already pressured index. Dow Jones Industrial Average futures fell 0.5%, and S&P 500 futures lost 0.1%. Amazon led the declines in extended trading, having plunged after the company posted weaker-than-expected quarterly revenue and issued disappointing fourth-quarter sales guidance. Earlier in the day, the Nasdaq Composite lost 1.6%, due to a rout in Meta and other tech stocks, and the S&P 500 fell 0.6%. The Dow and S&P are on pace to end the week higher by about 3% and 1.5%, respectively.
The consensus forecast from economists surveyed by Reuters is that GDP grew at an annualized pace of 2.1% in the third quarter. (This will be the first estimate for third-quarter GDP, and there will be several revisions in the coming weeks.) That also means the Fed will likely continue to sharply raise interest rates to finally choke off inflation once and for all. Those rate hikes helped cause a so-called double-dip recession, where the economy suffered two downturns between 1980 and 1982. In other words, the much-hoped-for “soft landing” for the economy could turn out to be a pipe dream.
Tuesday: Halliburton, Coca-Cola, Alphabet, MicrosoftHalliburtonQ3 2022 earnings release at 6:45 a.m. Coca-ColaQ3 2022 earnings release at 6:55 a.m. AlphabetQ3 2022 earnings release at 4 p.m. FordQ3 2022 earnings release at 4:05 p.m. Friday: Colgate-PalmoliveQ3 2022 earnings release at 7 a.m.
Stocks rallied this week as earnings season ramped up and is so far off to a better-than-expected start. With 20% of the S & P 500 having reported financials so far, sales results have thus far been 1.4% above expectations while earnings results are 5.4% above expectations, in aggregate. That inverse correlation between bond yields and stocks was powerful enough to trump positive earnings reports. Looking back On the earnings front, we got results from Johnson & Johnson (JNJ), Procter & Gamble (PG), and Danaher (DHR). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
The three major averages closed higher Friday, with the S & P 500 adding 2.37% to close at 3,752.75. Stovall said the S & P 500 had six positive moves of 1% or more in the last 17 trading days, as of Friday. Earnings, earnings, earnings About 150 S & P 500 companies report earnings in the coming week. Technically speaking Scott Redler, partner with T3Live.com, said he is watching a formation in the S & P 500 that could be positive. His first target for the S & P 500 is 3,800.
FILE PHOTO: Colgate toothpaste is pictured on sale at a grocery store in Pasadena, California January 30, 2014. REUTERS/Mario Anzuoni (UNITED STATES - Tags: BUSINESS)(Reuters) -Daniel Loeb’s Third Point has built a significant position in toothpaste maker Colgate-Palmolive Co and sees value in a potential spinoff of its Hill’s Pet Nutrition business, the activist investor said in a letter seen by Reuters. The investor letter did not disclose the size of Third Point’s stake, but cited several reasons for investing in the consumer goods company, including its pricing power in inflationary conditions and the strength in its pet food business. “There is meaningful hidden value in the company’s Hill’s Pet Nutrition business, which we believe would command a premium multiple if separated from Colgate’s consumer assets,” the letter said. Sales in Colgate’s pet nutrition business have outpaced overall company revenue over the last few years as consumers pay more attention to the needs of their cats and dogs.
Oct 18 (Reuters) - Daniel Loeb's Third Point has built a significant position in toothpaste maker Colgate-Palmolive Co (CL.N) and sees value in a potential spinoff of its Hill's Pet Nutrition business and other brands, the activist investor said in a letter seen by Reuters. The investor letter did not disclose the size of Third Point's stake, but cited several reasons for investing in the consumer goods company, including its pricing power in inflationary conditions and the strength in its pet food business. Loeb called the pet segment one of the most "exciting" pockets in the consumer space and said the business could be worth roughly $20 billion if it were a standalone company. Register now for FREE unlimited access to Reuters.com Register"There is meaningful hidden value in the company's Hill's Pet Nutrition business, which we believe would command a premium multiple if separated from Colgate's consumer assets," the letter said. Sales in Colgate's pet nutrition business have outpaced overall company revenue over the last few years as consumers pay more attention to the needs of their cats and dogs.
Dan Loeb's Third Point has built a sizeable stake in consumer giant Colgate-Palmolive , according to CNBC's David Faber. Loeb sees hidden value in Colgate's subsidiary Hill's Pet Nutrition, a pet food company, if it were spun off. Colgate has been investing behind its pet food business, its fastest growing unit. The activist and hedge fund manager added that consolidation in the consumer health sector point to more opportunities for Colgate. Loeb said Colgate could become part of the current M&A "minuet" in consumer health.
UBS reiterates Apple as buy UBS said Apple's iPhone Pro and Pro Max demand remains "solid." Bank of America names Northrop Grumman and Rocket Lab top picks Bank of America said it likes Northrop's defensiveness. Bank of America reiterates Microsoft as buy Bank of America said it still sees a solid risk/reward outlook for Microsoft. Cowen reiterates Amazon as outperform Cowen said that its recent survey shows Amazon is still the preferred place for shopping. Stifel upgrades Biogen to buy from hold Stifel said in its upgrade of Biogen that concerns about the company's Alzheimer's drug, lecanemab, are overdone.
Компании Coca-Cola, PepsiCo и Nestlé стали мировыми лидерами по пластиковому загрязнению, согласно новому отчёту Break Free From Plastic от почти 2 тыс. Мусор из упаковок от продуктов компании волонтёры Break Free From Plastic нашли в 51 из 55 стран. В 2019 году первая тройка выглядела почти так же: Coca-Cola, Nestlé и PepsiCo. Согласно Break Free From Plastic, транснациональные корпорации выбрасывают столько одноразового пластика, что производство вредного пластика может удвоиться к 2030 году и утроиться к 2050 году. Coca-Cola, PepsiCo и Nestlé должны быть лидерами в поиске реальных решений», — сказала координатор глобальных корпоративных кампаний Break Free From Plastic Эмма Пристланд.
Persons: Philip Morris, Perfetti van Melle, Эмма Пристланд Organizations: Cola, PepsiCo, Fast Company, Nestlé, Unilever, Mondelez, Philip Morris International, Colgate, Palmolive, ., Company
(grafic) Coca-Cola, Nestlé și Colgate-Palmolive se află printre cei mai mari poluatori cu plastic din lumeBreak Free From Plastic, o organizație nonprofit care combate poluarea cu plastic, a publicat un audit anual al deșeurilor colectate în timpul curățeniilor din anul 2020. Cu 13 834 de articole de marcă găsite în 51 de țări, Coca-Cola a avut cea mai mare amprentă de plastic în 2020, urmată de colegii giganților de bunuri de larg consum Nestlé, Colgate-Palmolive și Unilever. Vezi mai jos un top realizat de Break Free From Plastic al companiilor care folosesc cel mai mult plastic. Potrivit raportului, în Ucraina și România, Coca-Cola a avut cea mai mare amprentă de plastic în 2020. Amintim că, la începutul anului 2020, Coca-Cola a anunțat că nu vrea să renunțe în timpul apropiat la sticlele din plastic.
Persons: Palmolive, Coca -, Unilever, Bea Perez Organizations: Coca, Coca - Cola, Nestlé, Colgate, Palmolive, BBC Locations: Coca -, Ucraina, România
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