Friday, 29 Nov 2024

Vaping Brand Juul Labs Pulling $100M In Advertising From Broadcast, Digital, Print

Islamic State says it killed 14 Nigerian soldiers in northeast Borno state: Amaq

ABUJA (Reuters) – Islamic State said via its Amaq news agency that it killed 14 Nigerian soldiers in the northeast state of Borno in attacks on Wednesday.

There were clashes in the state after the insurgents ambushed soldiers, a military source told Reuters.

A Nigerian army spokesman did not immediately respond to phone calls requesting comment.

Intel’s lead independent board member Aneel Bhusri to resign

Intel Corp. INTC, +2.41% said late Wednesday that its current independent lead board member will resign at the end of October, according to a Securities and Exchange Commission filing. Aneel Bhusri told Intel on Sept. 19 that he was going to step down from the board effective Nov. 1, according to Intel. Bhusri is the co-founder and chief executive of Workday Inc. WDAY, +1.47% and is an advisory partner for venture-capital firm Greylock Partners. Omar Ishrak, the current chairman and CEO of medical device maker Medtronic PLC MDT, -1.95%, will succeed Bhusri as lead independent board member, the company said. Bhusri’s resignation is "not due to any disagreement with Intel," the filing said.

Peloton prices IPO at top of target range: source

NEW YORK (Reuters) – Peloton Interactive Inc PTON.O, the U.S. fitness startup known for on-demand workout programs on its exercise bikes, on Wednesday priced its initial public offering at $29 per share, the top end of its target range, a person familiar with the matter said.

The source requested anonymity because the matter is private. Peloton did not immediately respond to a request for comment.

Halifax police arrest man, 27, following stabbing on Herring Cove Road

A 27-year-old man has been arrested following a stabbing in Halifax on Wednesday.

Halifax Regional Police say they were called to the 200 block of Herring Cove Road just before 5:15 p.m.

Police say they arrived to find a 48-year-old man had been stabbed.

The victim was sent to hospital with non-life-threatening injuries, according to police.

At around 6:55 p.m., police say the suspect was taken into custody.

Officers say the investigation is in its early stages and limited details are currently available.

Peloton prices IPO at top of target range: source

NEW YORK (Reuters) – Peloton Interactive Inc (PTON.O), the U.S. fitness startup known for on-demand workout programs on its exercise bikes, on Wednesday priced its initial public offering at $29 per share, the top end of its target range, a person familiar with the matter said.

The source requested anonymity because the matter is private. Peloton did not immediately respond to a request for comment.

Fed’s Bullard: Impeachment discussion shows political uncertainty could last until Nov. 2020

The decision by House Democrats to open a formal impeachment inquiry against President Donald Trump is just more political uncertainty, said St. Louis Fed President James Bullard on Wednesday. "Viewing it from a distance, this just sounds like more investigation to me," Bullard said on CNBC. "We’re used to dealing with political uncertainty as a backdrop to monetary policy-making. This doesn’t sound too different to me," he said. "I expect that investors will just have to take on board that there will be a certain amount of political uncertainty going forward until we get to the 2020 election."

Intel’s lead independent board member Aneel Bhusri to resign

Intel Corp. INTC, +2.41% said late Wednesday that its current independent lead board member will resign at the end of October, according to a Securities and Exchange Commission filing. Aneel Bhusri told Intel on Sept. 19 that he was going to step down from the board effective Nov. 1, according to Intel. Bhusri is the co-founder and chief executive of Workday Inc. WDAY, +1.47% and is an advisory partner for venture-capital firm Greylock Partners. Omar Ishrak, the current chairman and CEO of medical device maker Medtronic PLC MDT, -1.95%, will succeed Bhusri as lead independent board member, the company said. Bhusri’s resignation is "not due to any disagreement with Intel," the filing said.

Intel’s lead independent board member Aneel Bhusri to resign

Intel Corp. INTC, +2.41% said late Wednesday that its current independent lead board member will resign at the end of October, according to a Securities and Exchange Commission filing. Aneel Bhusri told Intel on Sept. 19 that he was going to step down from the board effective Nov. 1, according to Intel. Bhusri is the co-founder and chief executive of Workday Inc. WDAY, +1.47% and is an advisory partner for venture-capital firm Greylock Partners. Omar Ishrak, the current chairman and CEO of medical device maker Medtronic PLC MDT, -1.95%, will succeed Bhusri as lead independent board member, the company said. Bhusri’s resignation is "not due to any disagreement with Intel," the filing said.

Vaping Brand Juul Labs Pulling $100M In Advertising From Broadcast, Digital, Print

Juul Labs, one of the leading vape brands, has suspended its broadcast, digital and print advertising in the U.S. as a new CEO takes over. The firm spent $104 million in the first half of 2019, according to Kantar Media, up enormously from 2018.

Last week, CBS, WarnerMedia and Viacom dropped e-cigarette advertising, citing rising health concerns and the growing number of teenage vapers. Cigarette ads are illegal on TV, but vaping ads were permitted.

Coinciding with the advertising decision was news that K.C. Crosthwaite will take over as Juul CEO, replacing Kevin Burns. Crosthwaite is a former chief growth officer for Altria (formerly Philip Morris), which owns a minority stake in Juul.

Juul has not said whether the advertising halt is temporary, or whether it will turn its efforts toward other forms of advertising and marketing, or continue to do so in other markets. It also said it would not lobby against legislation designed to restrict advertising targeted to minors.

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