Anheuser-Busch InBev and Keurig Dr Pepper are teaming up with a plan to make single-serve cocktail machines similar to Keurig's hot beverage machines. A joint venture between the two companies called Drinkworks, will "automate home bartending" with the machine. Jennifer Maloney reports for the WSJ: The Drinkworks machine is offered for preorder for $299 and is on sale in St. Louis for $399. Using liquid-filled pods, it adds water and carbonation to serve up cocktails like a Moscow Mule, an Old Fashioned, a mojito or a gin and tonic—plus three brands of beer and cider. The machine chills … [Read more...]
Could Colleges be Forced to Share the Risk of their Students’ Success?
A new proposal by the White House could force colleges and universities to share in the risk of their students' defaults on federally funded student loans. Michelle Hackman reports on the plan in The Wall Street Journal, writing: The White House is weighing a measure that would require colleges and universities to take a financial stake in their students’ ability to repay government loans, an effort that could squeeze loan availability to students and reduce defaults. For several months, Trump administration officials have been discussing enacting such a mechanism or making a push for one … [Read more...]
The Meat Industry is Growing Chickens so Fast They’re Not Edible
For decades chicken growers have been working to speed up the rate at which a chicken grows from chick to roaster size. To reach the target weight of 6.3 pounds today takes 47 days, as opposed to double that 50 years ago. But the acceleration in chicken growth hasn't come without its own problems. The Wall Street Journal's Jacob Bunge reports on what has become known as "spaghetti meat." He writes: Chicken companies spent decades breeding birds to grow rapidly and develop large breast muscles. Now the industry is spending hundreds of millions of dollars to deal with the consequences ranging … [Read more...]
$200 Billion in Foreign Currency Corporate Debt Makes Turkey’s Economy “Vulnerable”
Analysts are worried about the future of Turkey's economy. The country has suffered under doubt about its future during a rift with Washington D.C. over Turkey's proposed missile purchases from Russia. David Gauthier-Villars reports at The Wall Street Journal: The Turkish economy shrank at the end of 2018 and looks set to contract further this year, presenting a challenge for President Recep Tayyip Erdogan ahead of a critical electoral test for his ruling party and amid renewed diplomatic tensions with the U.S. Amid mounting popular discontent triggered by rising food prices and … [Read more...]
Walmart Tells Suppliers to Hurry-it-Up
In a bid to compete with Amazon, Walmart is telling suppliers they need to accelerate their shipments. Jennifer Smith and Sarah Nassauer report in The Wall Street Journal: The retailer wants suppliers that ship full trucks of products to deliver orders within a specified two-day window 87% of the time, up from an 85% rate it targeted previously. Suppliers that fill part of a truck with their goods must hit a 70% on-time threshold, a significant jump from the previous target of 50%. Walmart also is changing how it penalizes suppliers when they make partial deliveries, an effort to make sure … [Read more...]
New 5G Technologies Demand New Ad Strategies
The advent of 5G technology, which claims to be as fast as some high speed wired internet services, has changed the way telecoms must advertise their services. Consumers haven't seen anything like it, and the telcos must prepare them for the innovation. Alexandra Bruell explains at The Wall Street Journal: One of the biggest advances in telecom technology in a decade is forcing the industry’s largest players to rethink their advertising approach. As carriers begin to roll out 5G—fifth-generation technology expected to amplify wireless speeds and power—some are focusing on emotive … [Read more...]
Big Brewers Look for New Answers in Flat Beer Market
Big brewers like AB InBev are looking to turn around a market for their products that has been extremely difficult to navigate of late. Saabira Chaudhuri reports on the brewer's efforts to boost growth, writing in The Wall Street Journal: In response to the slowdown, AB InBev has launched pricier, limited-edition or flavored variants of its flagship brands and worked to diversify. Earlier in February, it bought a maker of ready-to-drink canned cocktails and high-end spirits, adding to its growing portfolio of nonbeer offerings, including spiked seltzer and energy drinks. It has also pushed … [Read more...]
Big Deal: British Air to Replace its Aging 747 Fleet with Boeing 777s
In The Wall Street Journal, Robert Wall details a major purchase of Boeing 777-9 jetliners by British Air (International Consolidated Airlines Group). BA will replace its fleet of aging 747s with the new jets. Wall writes: International Consolidated Airlines Group , ICAGY -1.79% as IAG is formally known, said it would place a firm order for 18 Boeing 777-9s and take options for up to 24 more. The deal has a combined value of $18.5 billion at list price before industry standard discounts. The jetliners will eventually replace BA’s aging 747 jumbo jets in another sign twin-engine long-range … [Read more...]
Tyson Tries to End the Cycle
The meat packing business is historically cyclical, and bad times can put unprepared companies into bankruptcy. That's why John Tyson, chairman of Tyson Foods, is trying to shift the company's business into branded prepackaged and prepared foods that perform better during market swings. Jacob Bunge reports for The Wall Street Journal: For 16 hours at a stretch, the stream of deep-brown strips and other products continues across Tyson’s 50 U.S. plants that together disassemble 37 million chickens each week, turning them into nuggets, wings and breasts. By now, another 10.5 pounds have filled … [Read more...]
Walmart Shows Retailers How to Succeed
The fourth quarter was strong for Walmart, with an apparent mix of economic growth and market share gains boosting the company to solid profit and sales numbers during the holidays. Sarah Nassauer writes in The Wall Street Journal: In the U.S., the company’s comparable sales, which exclude gas but include digital sales, rose 4.2% in the January-ended quarter, adding to a string of positive quarterly sales. Walmart got a boost from strong grocery sales, online orders, as well as holiday purchases including toys. Walmart had expected quarterly U.S. comparable sales to rise at least 3% from a … [Read more...]
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