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N.J. deli stock fraud defendant behind bars as feds reveal he

Peter Coker Jr., left, is issued search warrants from police at his villa on the southern resort island of Phuket, Thailand, Jan. 11, 2023. Crime Suppression Division, Royal Thai Police | AP NEWARK, N.J. – A former fugitive in the securities fraud case involving a New Jersey deli company once… Read Full Article Here CNBC

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Nike holiday quarter beats expectations but inventories weigh on

People wearing protective face masks walk past the closed Nike store on 5th Avenue, during the outbreak of the coronavirus disease (COVID-19), in New York City, May 11, 2020. Mike Segar | Reuters Nike easily beat Wall Street’s expectations for its holiday quarter earnings and revenue, though its… Read Full Article Here CNBC

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America’s biggest companies say retail crime is an epidemic, but

America’s biggest retailers say organized retail crime has grown into a multibillion-dollar problem, but the effectiveness of their strategies to solve it and the validity of the data overall have come into question.  Over the last several years, companies such as Home Depot, Lowe’s, Walmart,

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Kellogg’s snacking unit, which includes Cheez-It and Pringles,

Kellogg brand Cheez-it crackers arranged at a supermarket in Dobbs Ferry, New York, US, on Wednesday, June 22, 2022. Kellogg Co. said it will split into three independent companies, sparking a rally in the food conglomerates shares. Tiffany Hagler-Geard | Bloomberg | Getty Images Kellogg on… Read Full Article Here CNBC

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Best Buy will set up in-home hospital care through a new deal

Best Buy is best known for installing TVs and home theater systems. Now, its Geek Squad is helping to set up virtual hospital rooms. The consumer electronics retailer said Tuesday it has struck a three-year deal with Atrium Health, a North Carolina-based health-care system, to help enable a… Read Full Article Here CNBC

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California governor says state won’t do business with Walgreens

California Gov. Gavin Newsom successfully quashed a recall attempt last year in California. Asked if he’s getting ready for a presidential run, Newsom insisted that was not the case. Justin Sullivan | Getty Images California Gov. Gavin Newsom on Monday said the state would no longer do business… Read Full Article Here CNBC

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Marlboro maker Altria agrees to buy e-cigarette startup NJOY for

In a bid to strengthen its portfolio of smoke-free products, Altria Group said Monday it would buy e-cigarette startup NJOY for $2.75 billion. Altria, which makes Marlboro cigarettes, will have full global ownership of NJOY’s e-vapor product portfolio, including NJOY ACE, the only pod-based… Read Full Article Here CNBC

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Nestle, Tyson and other food giants bet on air fryer boom to grow

An Air Fryer for sale at Kroger Marketplace in Versailles, Kentucky, U.S., on Tuesday, Nov. 24, 2020. Scotty Perry | Bloomberg | Getty Images Kettle Foods, known for its kettle-cooked potato chips, recently unveiled what it called “the future of the potato chip category”: air-fried chips. The

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How top women executives in sports and betting are leading by

FanDuel CEO Amy Howe stands out in a crowd — in spite of her slight stature. In a room full of executives in the sports or gambling industries, she’s often one of very few women. But Howe has the spotlight, and a megaphone, as the chief executive of the nation’s market leader in sports betting…. […]

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Nordstrom earnings top expectations, retailer says it’s winding

Miami, Florida, Coral Gables Shops at Merrick Park, Nordstrom Department Store with shopper entering.  Jeff Greenberg | Universal Images Group | Getty Images Nordstrom on Thursday reported lower sales and profits for the holiday quarter, although earnings topped Wall Street’s expectations. The… Read Full Article Here CNBC