Category: Business

National Beverage Corporation Shares Plummet on New LaCroix BPA Lawsuit

Sparkling water company LaCroix is facing another lawsuit over allegations that parent company National Beverage Corporation has misrepresented that cans of the fizzy drink is completely free of Bisphenol A. You might know this toxic chemical more commonly as BPA.  Filed on Thursday in Passaic Superior Court the suit alleges that

Many US retailers quietly removing Huawei devices from its shelves

Amidst the broiling controversy between Huawei and the Trump administration which has blacklisted Huaweifor continued suspicions of cyberspace espionage and of stealing US companies’ electronic digital property rights and the continuing distrust that the Chinese government’s possible spying on US government and businesses through the use of Huawei’s devices, major US retailers

SoftBank Group’s Vision Fund Will Invest Roughly $800 Million in UK Finance Group Greensill Capital

SoftBank Group Corporation’s Vision Fund could soon announce a deal with UK-based financing group Greensill Capital, as early as Monday this week.  We know that the SoftBank Vision Fund wants to invest $800 million in Greensill, which will channel out supply chain funding to the companies it supports.  In all, this investment

FDA, FTC Have Sent Warning Letters To Three CBD Marketers For False Medical Claims

On Tuesday, April 2, 2019, letters from the Food and Drug Administration (FDA) and the Federal Trade Commission (FCC) were sent to three companies that market cannabidiol (CBD) products warning them against making false claims that their products can treat diseases like cancer and Alzheimer’s. The three companies are: Nutra

Sony’s Former CEO and Chairman of the Board Kazuo Hirai, Retiring

Kazuo Hirai, Sony’s former CEO and Chairman of the Board is retiring after serving with the company for 35 years.   Sony Corporation, a Japanese multinational conglomerate company is  headquartered in Kōnan, Minato, Tokyo. Its diversified business includes consumer and professional electronics , smartphones, film and movies, television and home theaters,