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Earl Tupper, a plastics manufacturer in Leominster, Massachusetts, developed lightweight, non-breakable polyethylene containers inspired by the seal-tight design of paint cans and began selling them to the public in 1946. He called his product Tupperware. Shares of Tupperware Brands Corporation closed today at 2.18, a gain of 0.15 (7.65%).
Tupperware picks Spanx veteran Laurie Ann Goldman as new CEO
https://www.cnn.com/2023/10/17/busin...ceo/index.html
The federal Combat Methamphetamine Epidemic Act, enacted in March 2006, restricts the sale of ephedrine, pseudoephedrine and phenylpropanolamine because the chemicals can be used in the illicit manufacture of methamphetamine. Phenylephrine replaced pseudoephedrine in many non-prescription cold and allergy medicines – and we now know it doesn't work. Shares of CVS closed yesterday at 69.05, a drop of.1.56 (2.21%).
CVS is yanking popular decongestants from its shelves after the FDA said they don't work
Last month an FDA panel said phenylephrine, the active ingredient in Sudafed PE, Allegra, DayQuil and other drugs, has no effect.
https://www.insider.com/cvs-pulls-ph...t-work-2023-10
Leon Hess founded the Hess Oil & Chemical Corporation in 1933 in Asbury Park, New Jersey. The company merged with Amerada Petroleum Corporation in 1968. Shares of Hess closed today at 161.30, a drop of 1.72 (1.06%).
Chevron to buy Hess Corporation for $53 billion in all-stock deal
https://www.reuters.com/markets/deal...ck-2023-10-23/
Hershey's milk chocolate bars contain sugar, milk, chocolate, cocoa, butter, milk fat, lecithin, lead and cadmium. Of course the latter two ingredients are not listed on the label. Shares of Hershey closed today at 194.47, a gain of 4.22 (2.22%).
Many chocolate products contain worrying levels of lead or other heavy metals, Consumer Reports says
https://www.cbsnews.com/news/chocola...ports-hershey/
Large doses of caffeine can cause headaches, chest pain, nausea, insomnia, an increased heart rate – and sometimes even death. Panera Bread is owned by JAB Holding Company, a German conglomerate which also owns Coty, Krispy Kreme, Caribou Coffee, Einstein Bagels and other brands.
Panera now displaying warning about its caffeinated lemonade in all stores after lawsuit over customer's death
Sarah Katz, 21, had a heart condition and died hours after she drank Panera’s Charged Lemonade, a large cup of which contains more caffeine than Red Bull and Monster energy drinks combined.
https://www.nbcnews.com/news/us-news...eat-rcna122628
Will the increased labor costs lead to higher prices for vehicles made by GM, Ford and Stellantis, the "Big Three"? Perhaps not. UAW President Shawn Fain says labor accounts for only a fraction of the Big Three’s total costs: "They could double our wages and not raise car prices and still make billions of dollars in profit."
General Motors reaches tentative agreement with UAW
The Associated Press, Oct 30 2023 10:04 AM EDT
General Motors and the United Auto Workers union have reached a tentative contract agreement that could end a six-week-old strike against Detroit automakers. The deal follows the pattern set with Ford last week and Jeep maker Stellantis over the weekend. The deals will last four years and eight months and include 25% general pay raises and cost-of-living adjustments.
https://www.huffpost.com/entry/us-au...b032ae1c9be1e8
As the old expression says, "The rich get richer and the poor get poorer." Shares of Morgan Stanley closed today at 70.82, a gain of 0.23 (0.33%).
Morgan Stanley gave a $20 million bonus to its incoming CEO and to the two rival executives who missed out on the top job
https://www.businessinsider.com/morg...kowitz-2023-10
Ingredients: boneless, skinless chicken breasts with rib meat, water, whole wheat flour, corn starch, dried garlic, dried onion.....and small pieces of metal. Yum! Shares of Tyson are now at 47.06.
Tyson recalls 30,000 pounds of chicken nuggets
https://www.cnn.com/2023/11/05/econo...ets/index.html
Siblings Joe Zeiden, Mike Zeiden, and Carole Malfatti founded Z Gallerie in 1979 in Sherman Oaks, California. The shop initially sold posters. In 1982, they began selling home furnishings and opening more locations. At its peak in 2009, the chain had 54 stores.
California-based home goods retailer closing all stores nationwide
KTLA, Nov 9, 2023 10:37 AM PST
Z Gallerie, a Los Angeles-based furniture and home goods retailer, has announced that it is closing all its brick-and-mortar stores nationwide. Its products will continue to be sold online. Z Gallerie has 21 locations in nine states, including five in California. On October 16, it filed for Chapter 11 bankruptcy protection for a third time.
https://ktla.com/news/local-news/cal...ng-all-stores/
Humane, a San Francisco-based artificial intelligence company, was founded in 2018 by former Apple designers Imran Chaudhri and Bethany Bongiorno. Humane has more than 200 employees and has raised more than $200,000,000 from investors – and on November 16 the company will begin taking orders for a device that nobody needs.
Humane's AI Pin probably can't replace your phone
The $699 AI-powered device is very cool but using its voice-powered functions in public is anti-social.
https://www.businessinsider.com/huma...tphone-2023-11
Burger King was founded as Insta-Burger King in 1953 in Jacksonville, Florida. In 2022, there were 19,789 Burger Kings worldwide. In 2023, the number is falling. Burger King is owned by Restaurant Brands International, which also owns Popeyes, Tim Hortons and Firehouse Subs.
Burger King closures rack up: 'Struggling' chain may shutter a whopping 400 locations this fiscal year
https://www.salon.com/2023/11/14/bur...s-fiscal-year/
Alexa, what is happening at Amazon? "Several hundred people in my division are losing their jobs but I am all-knowing and have all the answers and I can get along just fine without people." Shares of Amazon closed today at 145.18, a gain of 2.35 (1.65%).
Amazon cuts 'several hundred' jobs in Alexa division
https://www.cnbc.com/2023/11/17/amaz...-division.html
Thai Union Group has traded on the Thailand Stock Exchange since 1994. Shares closed today at 14.90 bahts, a gain of .30 baht (2.05%). The baht is equal to .029 US dollars so the share price is around 43¢ US.
Red Lobster’s endless shrimp deal was too popular, company says
CNN, Nov 29 2023 5:10 PM EST
It was a simple plan. Business tends to slow down at Red Lobster locations during the third and fourth quarters, so its parent company, Thai Union, launched a new promotion. For $20, customers could eat as much shrimp as they wanted. The promotion has been a tradition at the chain for more than 18 years, but in June the company announced that endless shrimp would become a permanent fixture on the menu. The plan turned out a little too well. More customers took advantage of the seafood chain’s “Ultimate Endless Shrimp” than expected – the key reason for the chain’s roughly $11 million loss in the third quarter of 2023.
https://www.cnn.com/2023/11/29/busin...eal/index.html
Spotify was founded in 2006 in Stockholm, Sweden, and is the world's lleading audio streaming service, offering more than 100 million songs, more than five million podcasts and more than 350,000 audiobooks. Shares of Spoitify closed today at 194.17, a gain of 13.48 (7.46%).
Spotify to cut 1,500 jobs in latest round of layoffs
https://www.axios.com/2023/12/04/spo...profits-losses
McDonald's will probably rebrand AI as McAI. Shares of McDonald's closed today at 286.86, a gain of 0.32 (0.11%).
McDonald's plans to add about 10,000 new stores worldwide by 2027, increase use of AI
https://www.cbsnews.com/news/mcdonal...dwide-by-2027/
Rowland H. Macy opened a dry goods store in 1851 in Haverhill, Massachusetts. It failed. He opened another dry goods store in 1858 in New York City. It succeeded. There are now more than 500 Macy's stores in the United States, Guam and Puerto Rico. Shares of Macy's are now at 17.39.
Macy’s receives $5.8 billion buyout offer, sources say
https://www.cnbc.com/2023/12/11/macy...urces-say.html
Henry, Herman and Hillel Hassenfeld founded Hassenfeld Brothers Inc. in 1923 in Providence, Rhode Island. They initially sold textiles but soon began producing school supplies. In the late 1930s, they began selling modeling clay and toys. In 1952, they introduced Mr. Potato Head, the first toy to be advertised on television. In 1964, they introduced G.I. Joe action figures. The company was renamed Hasbro Industries in 1968. Shares of Hasbro closed today at 48.89, a gain of 0.19 (0.39%).
Hasbro laying off 1,100 workers as weak toy sales persist into holiday season
https://www.nbcnews.com/business/bus...son-rcna129189
Steve Wozniak, Steve Jobs and Ronald Wayne founded Apple in 1976. It was the first publicly traded U.S. company to be valued at $1 trillion (in 2018).....and $2 trillion (in 2020).....and $3 trillion (in 2022). Shares of Apple closed today at 197.57, a drop of 0.54 (0.27%).
Apple's market cap is larger than all but 6 of world's top economies
Apple stock hit an all-time high this week and is up more than 57% this year, with a market cap hovering at $3.08 trillion..
https://markets.businessinsider.com/...france-2023-12
The Quaker Oats Company was founded as the Quaker Mill Company in 1877 in Ravenna, Ohio. Quaker has been owned by PepsiCo since 2001.
Quaker recalls dozens of granola bars and cereals due to a possible salmonella risk
Quaker said it "has received no confirmed reports of illness related to the products covered by this recall" and had informed the FDA of the recall.
https://www.nbcnews.com/news/us-news...isk-rcna130264
Carnegie Steel Company. Federal Steel Company and National Steel Compnay merged in 1901 to form United States Steel Corporation. Shares of US Steel closed today at 49.59, a gain of 10.26 (26.09%).
US Steel to be acquired by Japan's Nippon Steel for nearly $15 billion
https://www.usatoday.com/story/money...e/71956807007/