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The dairy industry has a familiar question for you: "Got milk?" Six years after the popular tagline was retired, "Got milk?" ads are back. A dairy industry-funded group is reviving the campaign, hoping to prolong the boost milk has gotten during the pandemic. U.S. milk sales have been in freefall for decades as choices grew and consumers turned to soda, juices and plant-based alternatives like soy milk. Dean Foods, the nation's biggest milk producer, filed for bankruptcy protection in November. Borden Dairy, another major producer, followed...
Three months ago, Airbnb co-founder and CEO Brian Chesky was working on the financial filings for the company's hotly anticipated initial public offering. He had just returned from Palm Springs, California, and was planning a spring vacation with college pals. But the coronavirus upended global travel — and all his plans. "My world's gotten really small," Chesky told The Associated Press from his home in San Francisco, where he's spent the last 10 weeks. Airbnb expects its revenue will be cut in half this year. Chesky recently laid off 25% o...
Pier 1 Imports Inc. — the once-trendy supplier of home goods like papasan chairs and throw pillows — filed for bankruptcy protection Monday after years of sliding sales. The Fort Worth, Texas-based company has been struggling with increased competition from budget-friendly online retailers like Wayfair and Amazon and discount stores like Home Goods. In a 2018 presentation to investors, the company acknowledged that shoppers thought its merchandise was outdated and expensive. It was also burdened by high sourcing and supply chain costs. Pie...
After a big year for its plant-based burger, Impossible Foods has something new on its plate. The California-based company unveiled Impossible Pork and Impossible Sausage on Monday evening at the CES gadget show in Las Vegas. It's Impossible Food's first foray beyond fake beef. The Impossible Burger, which went on sale in 2016, has been a key player in the growing category of vegan meats. Like the burger, Impossible Food's pork and sausage are made from soy but mimic the taste and texture of ground meat. Impossible Pork will be rolled out to...
Chick-fil-A is ending donations to three groups that oppose gay marriage in an effort to halt protests and broaden its customer base. But the move has angered some of the fast food chain’s fans. The Atlanta-based company said Monday that starting next year, it will focus its giving on three areas: hunger, homelessness and education. “This decision was made to create more clarity — and to better address three critical needs facing children across the communities Chick-fil-A serves,” the company said in a statement. Chick-fil-A President Tim Tass...
Some business leaders are condemning the Trump administration's decision to separate children from parents who are accused of crossing the border illegally, but it's unclear what impact — if any — they will have. Facebook CEO Mark Zuckerberg said he was donating money to groups that help immigrant families get legal advice and translation services at the border. He asked others to do the same. Around 2,300 minors have been separated from their parents at the border between May 5 and June 9, according to the Department of Homeland Security. "We...
DETROIT (AP) — Kia has claimed the top spot in a survey of new vehicle quality for the second straight year. Genesis — a luxury brand owned by Hyundai Motor Co. — was second in J.D. Power's annual initial quality survey. This marks the first time in the survey's 30-year history that two Korean brands have topped the list, a spokesman for J.D. Power said. Porsche, Ford and Ram rounded out the top five. The lowest ranking brands were Fiat, Jaguar, Volvo, Mitsubishi and Land Rover. The survey questioned 80,000 owners of 2017 model year vehic...
