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Juul Labs
Juul to pay $438.5mn to settle underage vaping investigation by US states
...The settlement with 33 states and Puerto Rico will resolve one of the biggest legal threats facing Juul, in which Altria has a 35 per cent stake....
September 6, 2022
Alphabet Inc
Alphabet punctures Loon internet balloon project
...Alphabet first claimed success with Loon after a hurricane knocked out communications in Puerto Rico, though it continued to face difficulties with controlling the balloons so that they hovered over the...
January 22, 2021
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Priory Group Ltd
Priory mental healthcare chain set to be sold for £1bn
...Acadia is the biggest behavioural health provider in the world with 585 facilities and about 18,200 beds in 40 US states, Puerto Rico and the UK....
March 8, 2020
Lunch with the FT
José Andrés: ‘I believe a force for good will take over’
...When Hurricane Maria pulverised Puerto Rico in 2017, he delivered more than 3.7m meals across the stricken island — often putting the combined emergency relief of the far larger Federal Emergency Management...
May 22, 2020
JC Penney Co Inc
JC Penney notches another annual loss as sales keep sliding
...It currently runs 860 stores across the US and Puerto Rico and said on Thursday it planned to close another 27 stores this year....
February 28, 2019
John Paulson
John Paulson mulls shutting his hedge fund
...In the hour-long podcast, Mr Paulson touched on topics including his bet on Puerto Rico as a tax haven, his support for US President Donald Trump, his push for the government to privatise Fannie Mae and...
January 22, 2019
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
FirstFT
FirstFT: Today’s top stories
...The New York Federal Reserve has frozen new Puerto Rico offshore banking account approvals amid federal money laundering investigations related to the Venezuelan sanctions....
April 19, 2019
FT AlphavilleDan McCrum
Further Reading
...- Puerto Rico is fine (for bond investors) -- Unlock phone, buy samurai sword -- Smoke em if you got em here -- Finding the inside line -- The future of work, in Canada -- Can history help...
March 19, 2018
Retail & Consumer industry
Petsmart names new CEO following a 9 month search
...Under Mr Massey’s tenure, Petsmart sought to boost its online presence with the acquisition of Chewy.com. Petsmart currently operates more than 1,500 stores in the US, Canada and Puerto Rico....
May 21, 2018
US & Canadian companies
Alphabet’s new businesses: internet balloons and delivery drones
...Loon proved itself after Hurricane Maria in Puerto Rico last year, when the company said its balloons were used to deliver internet access to 100,000 people until service on the ground could be restored....
July 11, 2018
Pilita Clark
Elon Musk’s weakness for self-promotion masks his potential
...Another Muskian intervention saw crates of his battery packs shipped to Puerto Rico last year after Hurricane Maria left thousands of people without power. In Thailand though, he misstepped....
July 13, 2018
Corporate earnings and results
Avis Budget stalls as outlook shifts lower yet again
...Larry De Shon, the company’s chief executive, said the lowered outlook came in response to several major hurricanes that blew through the US and Puerto Rico, causing “massive devastation”....
November 6, 2017
Retail & Consumer industry
Nordstrom shares slip as key sales figure falls more than expected
...Nordstrom said a string of hurricanes that battered Puerto Rico, Florida and Texas shaved about 4 cents off its earnings....
November 9, 2017
Pharmaceuticals sector
Amgen Q4 earnings fall short of expectations
...David Meline, Amgen’s chief financial officer, attributed the earnings miss to additional costs related to recovering its plants in Puerto Rico following Hurricane Maria....
February 1, 2018
FT AlphavilleCardiff Garcia
Further reading
...) — Puerto Rico, Trump and Taxes (Krugman) — The Audacity of Blaming ‘Sex Addiction’ (The Atlantic) — Svengali Philosopher King Ray Dalio Is About To Make The NBA Interesting This Season (Dealbreaker)...
October 12, 2017
FT Live
Business of Luxury Summit
Gathering leaders in luxury for the 20th year
Sunday, 19 MayVenice, Italy
US & Canadian companies
Investors warned on risks of borrowing against stocks and bonds
...That could be a nod to recent events in Puerto Rico, where customers were caught out after using loans secured against portfolios of government bonds to buy more government bonds....
January 9, 2018
Transport
Airline stocks rally on improved outlook from United, American
...The updates helped allay fears about the financial fallout from the recent string of hurricanes that have battered southeastern US and Puerto Rico and concerns about a price war among airlines....
October 10, 2017
US equities
US stocks slip from record highs
...said procedures to take claims were still severely disrupted in Puerto Rico and Virgin Islands due to the impact of the a recent string of hurricanes....
October 19, 2017
Due Diligence
JAB: Coffee and Soda Premium content
...Weiss was seen by many in Washington and New York as a shepherd of that legislation, spending time with members of both parties to explain its workings and how the crisis in Puerto Rico could unfold if Congress...
January 30, 2018
US & Canadian companies
Drugmaker emerges as big winner from Trump tax bill
...Rico....
January 26, 2018
Nafta
Investors may be too sanguine on Nafta risk to peso, UBS warns
...that pummeled Puerto Rico....
October 5, 2017
Retail & Consumer industry
PetSmart’s post-buyout CEO resigns
...PetSmart currently operates more than 1,500 stores in the US, Canada and Puerto Rico....
August 10, 2017
US & Canadian companies
Berkshire Hathaway gains $29bn on back of US tax reforms
...business faced a string of catastrophes, including hurricanes in the US and Puerto Rico and wildfires in California....
February 24, 2018
US & Canadian companies
Winners and losers emerge in US department store war
...The results were muddied by the impact from the severe hurricanes that ravaged Puerto Rico, Texas and Florida, with all four of the department store chains claiming the storms had hurt sales in the quarter...
November 10, 2017
News in-depthThe Big Read
Saline investigation highlights the cost of American healthcare
...To compound matters, Baxter, the largest manufacturer, has struggled to recover after Hurricane Maria battered its production facilities in Puerto Rico....
March 4, 2018

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