Business

Shares of National Beverage Corp., the maker of popular seltzer water LaCroix, skidded 16 percent after CEO Nick Caporella blamed a drop in sales and profit on “injustice.” The company’s profit slumped 39.6 percent to $24.8 million during the three months ended Jan. 26, compared with $41.1 million during the same period a year earlier,
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For many women in venture capital, there’s no question the industry has a gender disparity problem. Venture capital, or VC, partnerships “have historically been built by men,” investor Ophelia Brown tells CNBC. VC companies consist of general partners, who manage funds and advise on investment decisions, and limited partners, who give them the capital to
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The race is on to provide the world with high speed internet using next-generation networks of small satellites. OneWeb sent its first six satellites to space on Wednesday, using an Arianespace Soyuz rocket launched from French Guiana. Eventually, the startup plans to launch 650 satellites in an interconnected network, called a constellation. Once in orbit,
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Kraft Heinz, the ailing food giant, has tapped investment bank Credit Suisse to review options for its Maxwell House coffee business, which could include a potential sale, people familiar with the matter tell CNBC. The coffee business has roughly $400 million in earnings before interest, taxes, depreciation and amortization, the people said. Based off valuations
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Investing giants BlackRock and KKR on Sunday signed a $4 billion agreement with Abu Dhabi’s National Oil Company (ADNOC) to become the first institutional investors joining forces with a national oil producer in the Middle East. The deal represents a landmark partnership in midstream pipeline infrastructure development for ADNOC. It’s also the latest step in
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Switching to Juul e-cigarettes reduces smokers’ risk to cigarette toxins at similar levels to quitting entirely, according to results from a clinical trial presented at a conference Saturday. Researchers found switching entirely to Juul reduced smokers’ exposure to biomarkers, or signals of exposure to cigarette smoking, 99.6 percent as much as abstaining entirely from cigarettes.
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Kraft Heinz is feeling the squeeze as the brand falls behind food consumption trends and faces other mounting struggles, Wolfe Research analyst Scott Mushkin told CNBC on Friday. Management is catching heat from its connection to cost-cutting private-equity giant 3G Capital, but the food and beverage giant’s revamp of products such as Oscar Mayer is
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Newly released court documents paint the clearest picture yet of what the joint health-care venture between Amazon, J.P. Morgan and Berkshire Hathaway is up to. The three companies created the still-unnamed, not-for-profit joint venture in January 2018. Since then, the venture, known as ABC, has named renowned surgeon, author and speaker Dr. Atul Gawande as
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