Just Eat rejects higher rival bid from Prosus

Just Eat rebuffed a higher takeover offer from Prosus on Tuesday claiming it “significantly undervalued” the U.K food delivery company, and said it continued to support a rival all-share offer from Takeaway.com TKWY, -2.36% Prosus PRX, -1.42%, the Amsterdam-listed investment vehicle of South Africa’s Naspers NPN, -2.39%, had increased its all-cash offer by 30 pence a share to 740 pence […]

Read more

Cannabis market leader Canopy Growth names Constellation Brands’ CFO as its new CEO

Canopy Growth Corp. said Monday it has named David Klein, currently chief financial officer at its biggest shareholder, Constellation Brands Inc., as its new chief executive, taking over from Mark Zekulin on January 14. The news sent the U.S.-listed shares up about 13%. Zekulin became the sole CEO of the largest cannabis company by market capitalization after the Constellation Brands-dominated […]

Read more

High Times, other pot publications in danger of shutting down

The cannabis industry may be booming, but publishers looking to cash in keep going up in smoke. Hightimes Holding, which publishes the 45-year-old High Times magazine, warned shareholders in its latest SEC filing that it may not be able to continue operations. “Because of recurring operating losses, net operating cash flow deficits, and an accumulated deficit, there is substantial doubt […]

Read more

UBL pitches for lower tax, duty to help bring down beer prices

Firm unveils first non-lager beer from Kingfisher stable Beer is increasingly gaining acceptance as a social catalyst in India, but their prices are not yet attractive to a large number of consumers thanks to unfriendly taxes and excise duties that now prevail in India, according to United Breweries Ltd. (UBL). Debabrata Mukherjee, chief marketing officer, UBL, told The Hindu, “Some […]

Read more

Challenges ahead for most Indian non-financial companies in 2020: Moody’s

The continued depreciation of the rupee against the U.S. dollar has limited negative credit implications for rated companies, as most have natural hedges in place. Driven by sluggish economic growth and slowing earnings, credit conditions will weaken for most Indian non-financial companies in 2020, Moody’s Investors Service said on Thursday. “Rated companies’ credit profiles are unlikely to improve significantly over […]

Read more

New York City votes to ban flavored e-cigarette products

NEW YORK — New York City lawmakers voted Tuesday to ban flavored electronic cigarettes after a lawsuit halted a statewide ban. “We are acting to protect our kids by banning the e-cigarette flavors that have been hooking them for years,” Democratic City Council member Mark Levine said before the Council voted 42-2 to adopt the ban on flavored vaping products. […]

Read more
1 2 3 161