BABA stocks, JD tumble on news of strategic moves

January 30, 2023 0 Comments

Two stocks based in China – alibaba (Baba) and JD.com (JD) — slumped on Monday as reports said two planned strategic moves that investors apparently disapproved of. Despite the fall, BABA stock remained above its 50-day moving average while JD stock flirted with it. JD.com and Alibaba are the two largest e-commerce companies in China. …

Charles Schwab Named No. 1 Online Broker by Investors Business Daily

January 30, 2023 0 Comments

Westlake, Texas–(business telegram)–Charles Schwab has been named a Top Online Brokerage Firm by Investors Business Daily (IBD). in its 11th In the Best Online Stock Brokers annual report, Schwab ranks first in seven of 18 performance categories: customer service, investment research, timely information on market changes, incentives/discounts/pricing, up-to-date inflation and more. Up-to-the-minute data on market …

Foodservice flavor fuels retail innovation

January 30, 2023 0 Comments

CHICAGO — Pink is a color that communicates fun, optimism and the comfort of childhood, according to Lizzy Freier, director-menu research and findings for Technomic, Chicago, a business unit of Winsight, LLC. It’s one of three flavor trends driving menu innovation this year, which should in turn inspire consumer packaged goods makers to follow suit …

Pizza chain surpasses $1 billion in annual sales

January 30, 2023 0 Comments

TOLEDO, OHIO – Marco’s Pizza, which opened its 1,100th store and will exceed $1 billion in sales in 2022, plans to open its 1,200th store this year and roll out a cloud-based technology platform called Marco’s Order Management System (MOMS) planning to get out. Toledo-based Marco’s Pizza has more than 200 stores in various stages …

Just Salad opens first Long Island location

January 30, 2023 0 Comments

Manhattan-based fast-casual restaurant chain Just Salad has opened its first Long Island location in Commack. The 1,555-square-foot eatery at 6040 Jericho Turnpike is part of the Just Salad chain’s Long Island expansion, which will include new restaurants in Westbury, expected to open next month, and others in Huntington and Oceanside this spring. To celebrate the …

Unilever announces new CEO

January 30, 2023 0 Comments

LONDON – Hein Schumacher has been named the new Chief Executive Officer of Unilever plc. He will replace Alan Jopp on July 1. Mr Schumacher is currently CEO of Royal FrieslandCampina and a non-executive director of Unilever. Prior to joining FrieslandCampina in 2014 as Chief Financial Officer, Mr. Schumacher held the HJ Heinz Co. worked …

Abu Dhabi’s IHC plans to invest $381 million in Adani Enterprises

January 30, 2023 0 Comments

Abu Dhabi Group International Holding Company on Monday said it will invest 1.4 billion dirhams ($381.17 million) in a follow-on public offer of Adani Enterprises. The IHC statement comes as the Indian company owned by Gautam Adani, Asia’s richest man, saw a $65 billion erosion in the market value of his companies after Adani failed …

JPMorgan note pours cold water on hot rally

January 30, 2023 0 Comments

JP Morgan analyst Ryan Brinkman argues that Tesla stock has risen too sharply this year based on the many uncertainties surrounding the EV maker’s business. “Tesla’s softer trend and below-consensus adjusted automotive gross margin comes before the impact of larger price cuts will be felt primarily in the first quarter,” Brinkman said in a new …

Thomas Kosfeld New BMG Boss, Will Succeed Hartwig Masuch Next Year – The Hollywood Reporter

January 30, 2023 0 Comments

Thomas Kosfeld has been named the new boss of music company BMG and will replace current CEO Hartwig Masuch on January 1 after Masuch steps down later this year. German media giant Bertelsmann, owner of BMG, made the announcement on Monday. Koesfeld is currently BMG CFO, a position he assumes in April 2021. He will …

This is your business. More opportunities to learn Aikido at CU | entrepreneurs

January 30, 2023 0 Comments

Want to learn the Japanese martial art of Aikido? The Central Illinois unit, Urbana, has added two new class options – a low-impact introductory class for adults and a children’s class, both of which meet on Wednesday evenings. According to head instructor Knut Bauer, the low-impact class for adults is for those who want to …