Daily Archives: December 7, 2018

Philip Morris parent invests $2.4 billion in Cronos cannabis

One of the world’s biggest tobacco companies is bullish on bud. Altria, parent company of New York-based Philip Morris (NYSE: PM) and maker of Marlboro cigarettes, invested $2.4 billion into a Toronto medical and recreational marijuana company. The d...

By | 2018-12-07T23:20:00+00:00 December 7th, 2018|Healthcare|

Marrone selling biologic protection to other manufacturers

Marrone Bio Innovations Inc. is launching a business-to-business platform to sell its products to other companies that will use them to treat either soil or seeds in order to create custom products for farmers. Davis-based Marrone (Nasdaq: MBII) makes...

By | 2018-12-07T22:46:27+00:00 December 7th, 2018|Technology|

Flick picks: ‘Vox Lux’ unleashes Natalie Portman as a tortured pop superstar

 The twin forces of trauma and celebrity combine to create a toxic portrait of pop-culture stardom in “Vox Lux,” featuring a primal scream of a performance from Natalie Portman. Portman stars as Celeste, an arena pop star along the lines of Lady Gaga ...

By | 2018-12-07T22:39:54+00:00 December 7th, 2018|Media|

Boeing deal will recycle Dreamliner and 777X scraps into laptop cases and car parts

Boeing has signed a deal with British-based ELG Carbon Fibre to recycle excess aerospace composite material from its 11 U.S. airplane manufacturing sites. Other companies will use the carbon fiber material to make new products like laptop cases, car p...

By | 2018-12-07T22:39:34+00:00 December 7th, 2018|Budget and Tax|

Bank of America’s top Bay Area executive takes on new role

Bank of America said this week that Thong Nguyen, a San Francisco-based executive who has been co-head of the consumer lines of business, will become vice chairman, focused on corporate strategy and payments. Charlotte-based BofA (NYSE: BAC) said that...

By | 2018-12-07T22:03:43+00:00 December 7th, 2018|Economics|

Chinese company has deal to buy Louisville Slugger parent, report says

China-based Anta Sports Products Ltd., along with a consortium of other investors, is close to a $5.2 billion deal to buy Finland's Amer Sports Oyj, The Wall Street Journal reports. This is a deal of note locally because Amer Sports owns Wilson, which...

By | 2018-12-07T21:35:26+00:00 December 7th, 2018|Sports|

Used cars retailer testing ‘omni-channel experience’ in Atlanta

The nation’s largest retailer of used cars is testing what it dubs "the future of car buying" in Atlanta. CarMax Inc. (NYSE: KMX) launched a new option in Atlanta this week, giving customers a choice on how to buy a car – from home, in-store, or a com...

By | 2018-12-07T17:40:48+00:00 December 7th, 2018|Technology|

University of Wisconsin System board backs 3% pay plan increases

The University of Wisconsin Board of Regents this week backed a plan that would provide pay increases to UW System employees.  The Regents unanimously supported the proposal, which gives employees a 3 percent pay plan increase for each of two fiscal y...

By | 2018-12-07T17:16:07+00:00 December 7th, 2018|Education|