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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
News updates from November 18: Turkey’s central bank cuts rates again, Ford teams with GlobalFoundries to boost future chip supply, CVC to acquire Unilever tea business
CVS to close 900 stores over three years
...That represents about 9 per cent of its 9,900 retail locations in the US and Puerto Rico. It also named Prem Shah to a newly created role of chief pharmacy officer....
November 18, 2021
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
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
Due Diligence
The hedge fund that harpooned the ‘London Whale’ has struggled to keep its head above water Premium content
...There were bets on shipping companies, Puerto Rico, appraisal cases, oil and gas companies and, of course, PG&E....
November 13, 2019
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
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
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
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
...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
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
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
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
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
Nafta
Investors may be too sanguine on Nafta risk to peso, UBS warns
...Rico....
October 5, 2017
Due Diligence
JAB: Coffee and Soda Premium content
...As an appointee in the Obama Administration, Weiss became the White House’s point-person on its response to the growing fiscal crisis in Puerto Rico, alongside US Treasury boss Jack Lew....
January 30, 2018
US & Canadian companies
Drugmaker emerges as big winner from Trump tax bill
...Rico....
January 26, 2018
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
...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

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