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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
ReviewFT Wealth
Book review: Still Broke by Rick Wartzman
...By the time Sam Walton opened his first Wal-mart in Rogers, Arkansas, in 1962, his playbook to build a global retail giant was already drafted....
October 18, 2022
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
FT Magazine
How Walmart convinced critics it can sell more stuff and save the world
...Yet, as Charles Fishman wrote in The Wal-Mart Effect in 2006, Walmart derives all of its impact from us, “from our willingness to open our wallets, just a few dollars at a time . . ....
October 13, 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
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
FT Live
Outstanding Directors Exchange
Fostering trust for steadfast leadership
Wednesday, 12 JuneHarvard Club of New York City, West 44th Street, New York, NY, USA
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
US & Canadian companies
Walmart boosts LatAm ecommerce push with Cornershop purchase
September 13, 2018
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
Inside BusinessSujeet Indap
Unexpected victories for unorthodox shareholder activists
...First, higher wages can make employees more productive — Wal-Mart’s recent wage raises were justified on these grounds....
December 17, 2018
News in-depthTechnology sector
Netflix investors brace for repeat of subscriber ‘miss’
...Other retailers are following in the footsteps of Amazon Prime Video, with Wal-Mart and Costco reported to be trying to beef up their online channels....
October 16, 2018
FT AlphavilleDan McCrum
Further Reading
...Elsewhere on Monday, -- How the vultures ate Toys R Us -- The geo-political costs of Brexit -- This is fine, totally fine -- The intellectual we deserve -- WeWork as a big, happy family -- Puerto...
March 19, 2018
Retail & Consumer industry
Petsmart names new CEO following a 9 month search
...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
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
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
US & Canadian companies
Norway’s oil fund sells out of Warren Buffett-owned utility
...Among the companies excluded are groups such as Airbus, Boeing, Japan Tobacco, Rio Tinto and Wal Mart....
July 10, 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
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
US & Canadian companies
Truck driver shortage squeezes General Mills profits
...But the discounting strategies of retailing powers Amazon and Wal-Mart are making it difficult for goods makers to raise prices....
March 21, 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
...Rico and Virgin Islands due to the impact of the a recent string of hurricanes....
October 19, 2017
US & Canadian companies
Walmart drops ‘stores’ from name to reflect online focus
...Starting in February 2018, the company will shorten its name from “Wal-mart Stores, Inc.” to “Walmart Inc.”....
December 6, 2017

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