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Palm Oil Giant FELDA Sanctioned Over Forced Labor, Human Trafficking

Major brands Procter & Gamble, Hershey’s.....»»

Category: blogSource: valuewalkNov 29th, 2018

Mars, Nestlé and others were supplied by a Malaysian company using forced labor. Such imports should stop, groups say.

Petitions filed with U.S. Customs and Border Protection ask for a ban on the Malaysian palm oil and any products containing it. Company officials say they have taken steps to eradicate labor abuses......»»

Category: topSource: washpostAug 15th, 2019

Mars, Nestle and others were supplied by a Malaysian company using forced labor. Such imports should stop, groups say.

Petitions filed with U.S. Customs and Border Protection ask for a ban on the Malaysian palm oil and any products containing it. Company officials say they have taken steps to eradicate labor abuses......»»

Category: topSource: washpostAug 15th, 2019

Hormel Foods Trims Sales Outlook on Higher Supplies, Tariffs

Hormel Foods, the owner of Jennie-O, Skippy, and Spam brands, cut its sales outlook as the food company faces increasing supplies of meat products and pressure from tariffs levied by major importing countries......»»

Category: smallbizSource: wsjAug 23rd, 2018

Major U.S. Gasoline Pipeline Halts Operations After Cyberattack

(WASHINGTON) — A U.S. energy company says a cyberattack forced it to temporarily halt all operations on a major pipeline that delivers roughly 45% of all fuel consumed on the East Coast. Colonial Pipe.....»»

Category: topSource: timeMay 13th, 2021

Nike and Adidas saw their online sales plummet in China over the Xinjiang cotton boycott

Chinese consumers are boycotting western brands for criticizing alleged forced labor co.....»»

Category: topSource: businessinsiderMay 6th, 2021

Stock Wars: Yum! Brands Vs. Restaurant Brands International

Benzinga’s latest Stock Wars matches up two leaders in a major industry sector, with the goal of letting readers decide which company is the better investment. read more.....»»

Category: blogSource: benzingaApr 7th, 2021

At least 11 US and European brands are under fire and facing boycotts in China for criticizing alleged forced labor cotton practices in Xinjiang

The boycotted brands put out statements pledging not to use cotton from the Xinjiang region in China,.....»»

Category: worldSource: nytMar 25th, 2021

Ousted Parler CEO sues company, alleges stake was taken

John Matze, the founder and one-time CEO of Parler, alleges he was forced out of the company and his stake was stolen......»»

Category: topSource: washpostMar 23rd, 2021

Why every major entertainment company will get into NFTs, according to the VC behind NBA Top Shot

Pakman says fans of IP like Star Wars are built-in NFT customers with huge potential returns for brands. David Pakman. Photo by Noam Galai/Getty Images for TechCrunch NFTs are .....»»

Category: topSource: businessinsiderMar 13th, 2021

Exxon slides 6% after SEC launches investigation into the oil giant"s asset valuations

An Exxon employee alleges that the company overvalued a key oil and gas property in Texas' Permian Basin, according to the Wall Street Journal. Kena Betancur/VIEWpress/Corbis via Getty Images .....»»

Category: personnelSource: nytJan 15th, 2021

Deal puts Confluent Health in front of thousands of college sports fans

The new deal expands opportunities for this company's local brands to appear alongside the athletics of over a dozen major universities......»»

Category: topSource: bizjournalsJan 11th, 2021

A major Apple supplier is reportedly using forced labor from thousands of Uighur workers to make glass for iPhones

A longtime supplier of iPhone glass in China, Lens Technology, has been using forced labor in its factories, the Tech Transparency Project found.....»»

Category: topSource: businessinsiderDec 29th, 2020

Reds announce furloughs, pay reductions

The Cincinnati Reds are the latest local company forced to furlough workers due to the coronavirus, which has disrupted the 2020 Major League Baseball season and shuttered Great American Ball Park......»»

Category: topSource: bizjournalsMay 15th, 2020

Amazon May Have Violated Labor And Whistleblower Laws, New York Preliminary Investigation Says

New York Attorney General Letitia James sent a letter to Amazon.com Inc. (NASDAQ: AMZN) last week saying that her office's preliminary investigation found the company may have violated several federal and state laws. read more.....»»

Category: blogSource: benzingaApr 28th, 2020

Atlanta-based restaurant company furloughs 100-plus corporate staff

Focus Brands enacted the furloughs as of March 27, according to a WARN notice filed with the Department of Labor......»»

Category: topSource: bizjournalsApr 3rd, 2020

Louis Vuitton parent company will use cosmetics and perfume manufacturing facilities to make free alcohol-based sanitizer amid global shortage

Getty LVMH Moët Hennessy, the French company behind major fashion and cosmetic brands announced its factories that norm.....»»

Category: topSource: businessinsiderMar 15th, 2020

Think-tank report on Uighur labor in China lists global brands

Tens of thousands of ethnic Uighurs were moved to work in conditions suggestive of "forced labor" in factories across China supplying 83 global brands, an Australian think tank said in a report released on Sunday......»»

Category: topSource: reutersMar 2nd, 2020

McCollum to exit as Major Brands owner, remain CEO

The McCollum family will exit as an owner of alcohol distributor Major Brands, but Sue McCollum will remain as CEO. The Wirtz family will take over the McCollum shares, the company said, without providing terms. The move requires regulatory approval......»»

Category: topSource: bizjournalsFeb 24th, 2020

Victoria"s Secret is plotting a major turnaround as a private company. Here"s what went wrong with America"s lingerie darling.

ESBP/STAR MAX/IPx Victoria's Secret is preparing itself for a major turnaround after several years of sliding sales. On Thursday, its parent company L Brands said it would be selling a 55% stake in the lingeri.....»»

Category: topSource: businessinsiderFeb 22nd, 2020