Latest Consumer products and services News
Newell Brands: Q2 Earnings Snapshot
ATLANTA (AP) — ATLANTA (AP) — Newell Brands Inc. (NWL) on Friday reported second-quarter net income of $45 million. The Atlanta-based company said it had net income of 11 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and restructuring costs,...
Colgate-Palmolive: Q2 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Colgate-Palmolive Co. (CL) on Friday reported second-quarter profit of $731 million. The New York-based company said it had net income of 89 cents per share. Earnings, adjusted for non-recurring costs, were 91 cents per share. The...
Kimberly-Clark: Q2 Earnings Snapshot
DALLAS (AP) — DALLAS (AP) — Kimberly-Clark Corp. (KMB) on Tuesday reported second-quarter earnings of $544 million. On a per-share basis, the Dallas-based company said it had profit of $1.61. Earnings, adjusted for non-recurring costs, came to $1.96 per share. The...
FTC unanimously moves to block Tempur Sealy's purchase of Mattress Firm
NEW YORK (AP) — The Federal Trade Commission has unanimously voted to bring a lawsuit against mattress maker Tempur Sealy to block its $4 billion acquisition of Mattress Firm, saying the deal would allow the world's largest mattress supplier to suppress competition that would result in higher...
Japan's exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets
TOKYO (AP) — Japan's exports surged 13.5% in May, faster than expected growth helped by a weak yen and strong demand in the U.S. and Asia. Finance Ministry data reported Wednesday showed that the trade deficit totaled 1.22 trillion yen ($7.7 billion), down nearly 12% from 1.38...
Poppi faces lawsuit from consumer who questions its gut health claims
Popular soda brand Poppi is facing a class-action lawsuit filed by a consumer who says its products don’t improve gut health as much as their marketing suggests. In a lawsuit filed last week in U.S. District Court in San Francisco, Kristin Cobbs said she purchased Poppi drinks on...
Best Buy and Kohl's extends streak of quarterly sales slumps as Americans focus on the essentials
NEW YORK (AP) — The earnings results from Best Buy and Kohl's, announced Thursday, offer the latest evidence of consumers' cautious spending amid a challenging economic environment. Best Buy, the nation's largest consumer electronics chain, reported another quarterly drop in sales...
Elbit: Q1 Earnings Snapshot
HAIFA, Israel (AP) — HAIFA, Israel (AP) — Elbit Systems Ltd. (ESLT) on Tuesday reported earnings of $73.7 million in its first quarter. The Haifa, Israel-based company said it had net income of $1.65 per share. Earnings, adjusted for one-time gains and costs, were $1.81 per...
Sony says focus is on creativity, with games, movies, music, sensors, IP, and not gadgets
TOKYO (AP) — Japanese electronics and entertainment company Sony says it’s focusing on creativity in movies, animation and video games, rather than old-fashioned gadgetry. Its chief executive, Kenichiro Yoshida, outlined the company’s strategy Thursday, saying Sony was helping...
For some digital detox, look to the latest in craft kits
Digital diversions may have us tethered to tech, but screen fatigue is real. Even my digitally-native, young-millennial kids prefer printed books these days. And a recent weekend together at home had us busting out some craft kits. There might have been Netflix in the background, but...
