Latest Containers and packaging manufacturing News

Saudi Arabia formally starts IPO of oil firm Saudi Aramco

Nov. 3, 2019 7:33 AM EST

DHAHRAN, Saudi Arabia (AP) — Saudi Arabia formally began an initial public offering Sunday of a sliver of oil giant Saudi Aramco after years of delay, hoping international and local investors will pay billions of dollars for a stake in the kingdom's crown jewels. An approval by Saudi Arabia's Capital...

J&J says new tests find no asbestos in recalled baby powder

Oct. 29, 2019 9:03 PM EDT

WASHINGTON (AP) — Johnson & Johnson said Tuesday that new testing of a batch of baby powder that was recently recalled did not show any traces of asbestos. Earlier this month the company recalled 33,000 bottles of its talc powder after Food and Drug Administration testing revealed trace amounts of the...

Beverage companies aim to get bottles recycled, not trashed

Oct. 29, 2019 2:38 PM EDT

Every year, an estimated 100 billion plastic bottles are produced in the U.S., the bulk of which come from three of America's biggest beverage companies: Coca-Cola, Pepsi and Keurig Dr Pepper. The problem? Only one-third of those bottles get recycled; the rest end up in the trash. That bleak trend has persisted...

AP PHOTOS: Canadian Arak resurrects bygone Persian drink era

Oct. 29, 2019 1:46 AM EDT

PETERBOROUGH, Ontario (AP) — Long before its teetotaler Islamic clerical rulers banned the consumption of alcohol, Iran had a vibrant drinking heritage. In fact, as early as 550 BC, King Cyrus the Great and his Persian lawmakers were said to get drunk before deliberating important decisions and then debate...

Retailers pull Johnson's baby powder after recall

Oct. 25, 2019 3:36 PM EDT

Walmart, CVS and Rite Aid have pulled some or all 22-ounce bottles of Johnson's baby powder from shelves to avoid confusing consumers, after a minuscule amount of asbestos was found in one bottle. Johnson & Johnson recalled all 33,000 bottles from the same lot as that bottle last Friday, a day after the U.S....

Report: Softbank could take control of WeWork

Oct. 14, 2019 12:10 PM EDT

NEW YORK (AP) — Japanese investment firm Softbank could take control of WeWork as part of a financial package to address the company's cash crunch since its botched effort to sell the public its stock, according to The Wall Street Journal. The deal would further sideline co-founder Adam Neumann, who...

Couple get month sentence in college bribery scandal

Oct. 8, 2019 6:15 PM EDT

BOSTON (AP) — A business executive and his wife, a former journalist, were each sentenced to a month in prison Tuesday for paying $125,000 to rig their daughter's college entrance exams in a scandal involving dozens of wealthy and sometimes famous parents. Gregory and Marcia Abbott, of New York and...

Hundreds of thousands affected as British travel firm fails

Sep. 23, 2019 10:36 PM EDT

LONDON (AP) — Families stranded, honeymoons and vacations canceled, thousands of workers laid off: The sudden collapse of British tour company Thomas Cook and its network of airlines and hotels sowed chaos for hundreds of thousands of travelers and businesses around the world Monday. Brought down by a...