Latest Production facilities News
New FDA rules for TV drug ads: Simpler language and no distractions
WASHINGTON (AP) — Those ever-present TV drug ads showing patients hiking, biking or enjoying a day at the beach could soon have a different look: New rules require drugmakers to be clearer and more direct when explaining their medications' risks and side effects. The U.S. Food and...
Maker of Coach handbags calls off merger with company that produces Michael Kors accessories
NEW YORK (AP) — Fashion company Tapestry on Thursday said it's terminating its proposed merger with Capri because the two luxury groups don't expect to overcome an antitrust challenge within an acceptable time frame. The companies agreed to a $8.5 billion deal in August 2023 that...
Just Eat Takeaway sells Grubhub for $650 million, just 3 years after buying the app for $7.3 billion
NEW YORK (AP) — European food delivery giant Just Eat Takeaway.com is selling Grubhub for $650 million, a fraction of the billions it spent to buy the U.S. platform just three years ago. Wonder Group, a New York-based food ordering company that touts “fast fine” dining, is set...
Kraft Heinz stops serving school-designed Lunchables because of low demand
Food and beverage manufacturer Kraft Heinz said Tuesday that it no longer is serving the Lunchables meals it created for U.S. schools. The company introduced the two packaged meals — one starring pizza and the other a turkey, cheddar cheese and cracker plate — at the beginning...
Chinese e-commerce firms report growth in sales, shoppers for Singles' Day shopping festival
HONG KONG (AP) — China’s e-commerce firms reported an increase in the number of shoppers and a growth in sales for this year’s Singles’ Day shopping festival, although final figures were not publicly revealed. Alibaba, which operates the Taobao and Tmall e-commerce platforms,...
As sports betting addiction takes hold in Brazil, the government moves to crack down
SAO PAULO (AP) — “King” doesn’t disclose his real name. Even clients of his Sao Paulo newsstand have to call him by his moniker. The Brazilian online sports gambling addict lowered his profile after a loan shark threatened to put bullets in his head if he didn’t pay up. ...
About 1,100 workers at Toledo, Ohio, Jeep plant face layoffs as company tries to reduce inventory
DETROIT (AP) — About 1,100 workers at the Stellantis Jeep factory in Toledo, Ohio, are facing layoffs early next year as the company takes further steps to cut high inventory at dealerships. Stellantis said Thursday that the Toledo South plant, which makes the Jeep Gladiator...
Beyond Meat reverses revenue slide by raising prices on its plant-based products
Beyond Meat reversed a sales slide in the third quarter, growing revenue for the first time since 2022 as it charged higher prices for its plant-based meat. The El Segundo, California-based company said Wednesday its revenue rose 7.6% to $81 million in the July-September period. That...
With carbon capture boom, a wariness in historic Louisiana Black community over more pollution
ELKINSVILLE, La. (AP) — A dispute over a planned ammonia plant near a historic Black town in southeastern Louisiana ratcheted up a notch Friday with a challenge to the state's approval process. The battle over the plant is occurring despite the fact that part of the impetus to...
At 50, Hello Kitty is as 'kawaii' and lucrative as ever
TOKYO (AP) — Hello Kitty turns 50 on Friday. Befitting a pop icon at midlife, the bubble-headed, bow-wearing character's fictional birthday has brought museum exhibits, a theme park spectacle and a national tour. And that's just in Japan, her literal birthplace but not the one listed in her...
