US Imports Nestlé Infant Formula From Switzerland

Thursday, the U.S. Government will import approximately 548,000 8-ounce bottle equivalents of Nestlé Alfamino and AlfaminoJunior specialty infant formula from Switzerland to Louisville, Kentucky. The Biden Administration facilitated air shipment of Swiss-made infant formula by sourcing a flight facilitated by the U.S. Department of Health and Human Services for Operation Fly Formula. The product will be available primarily through a […]

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Schneider Electric Recalls About 1.6 Mln Electrical Panels

Schneider Electric USA Inc. is recalling about 1.6 million units of Electrical Panels for potential risk of thermal burn and fire hazards, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. These included about 289,000 units sold in Canada. The company said the load center can overheat to pose thermal burn and fire hazards. It has received one […]

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India stares at fuel shortage with spike in under-recovery at OMCs

As oil marketing companies (OMCs) stare at huge under-recoveries, India is facing fuel shortage across the country with states like Rajasthan, Madhya Pradesh, Karnataka Uttarakhand, Gujarat and Haryana being the worst hit. The under-recoveries suffered by OMCs are around Rs 20-25 a litre for diesel and Rs 14-18 a litre for petrol, said sources. Government and state-run companies denied reports […]

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Little choice for beverage cos but to import paper straws

Fast-moving consumer goods companies have been compelled to start importing paper straws, as the government’s deadline to ban plastic straws draws closer. The ban is effective from July 1. Parle Agro, which sells beverages such as Frooti in small tetra packs, has already started importing paper straws. Dabur India, which sells its fruit juices in tetra packs under the brand […]

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Steve Fickinger Dies: Producer On Broadway’s ‘Dear Evan Hansen’, Former Disney Theatrical Exec Was 62

Steve Fickinger, a Tony Award-winning producer of Broadway’s Dear Evan Hansen who, as a longtime creative executive with Disney Theatrical Group helped spearhead the development of such stage shows as Newsies and Aladdin, died suddenly at his home in Laguna Beach, California, on June 17. He was 62. His death was announced by his niece, Jessica Roy. A cause of […]

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Shubert Foundation Awards Record $37.6M In Grants To Non-Profit Arts, $2M For HBCU Scholarships

The Shubert Foundation has awarded a record $37.6 million in unrestricted grants to not-for-profit theaters, dance companies, academic theater training programs, and related service agencies, and in addition has made two $1 million gifts to create endowed scholarships for theater students at Spelman College and Morehouse College, two of the most prominent HBCUs (Historically Black Colleges and Universities). The grants […]

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Kellogg's CEO on navigating inflation to keep brands on shelves

New York (CNN Business)For years, Kellogg’s has been synonymous with Froot Loops, Frosted Flakes, Special K and other cereals. Now, it’s focusing on snacks. Kellogg announced Tuesday that it is splitting into three separate companies, spinning off its US, Canadian and Caribbean cereal businesses into one group and its plant-based food businesses, including Morningstar Farms, into another. The remaining, largest […]

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Gary Cohn: Fed was late on interest rate hikes

(CNN)Fed Chairman Jerome Powell conceded that the Federal Reserve’s aggressive interest rate hikes won’t solve two of the biggest problems facing families: high prices for gas and groceries. During a Senate Banking Committee hearing Wednesday, Democratic Senator Elizabeth Warren urged Powell to proceed with rate hikes cautiously and avoid setting off a recession that costs millions of jobs. Warren asked […]

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‘Back To The Future’ Musical Confirms Broadway 2023 Opening

The West End hit musical Back to the Future will, as widely expected, get a Broadway staging in 2023, producers confirmed in a tweet today. “Synchronize Your Watches — The Future’s coming to Broadway in 2023!!!,” the tweet, which includes a brief teaser clip, says. Production details, including casting and dates, were not announced. The musical, based on the 1985 […]

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Verizon Shares Will Dodge Market Sell-Off

Verizon trades in a relatively narrow range. Over the past 12 months, it has changed hands between $56.85 and $45.55 a share. The stock closed most recently at $50.65 per share. They have traded fairly flat this year, which means they have dodged the terrible sell-off that has undermined much of the stock market. Verizon is in a remarkably boring […]

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