company

McIlhenny Company Enlists R.A Jones Cartoners for TABASCO® Products

McIlhenny returned to R.A Jones to upgrade its production lines with four new Legacy CS-600 ultra high-speed Horizontal End Load Cartoners.





company

Touchstone Pistachio Company Upgrades Packaging with Little Big Brands




company

Packaging solutions help snack company crack into long-term success: case study

John B. Sanfilippo & Son, in business for more than a century, relies upon Bartelt's packaging technology in its nut processing and packaging operations.




company

The Coca-Cola Company Rolls Out 100% rPET 20-oz Bottles Nationwide

Company expects to avoid its use of new plastic by nearly 80 million pounds in 2024 – the equivalent of nearly 2 billion bottles.




company

Pacificolor clients stand to gain from company’s new corrugated graphics equipment

Investment includes the acquisition of an AV Flexologic Corrugated Flat Mounting Machine and the integration of Reproflex3's high-definition Vortex™ screening technology.




company

Four Peaks Brewing Company sees enhanced coding efficiency with LEIBINGER

Thanks to the patented nozzle seal technology in LEIBINGER printers, clogs are now a thing of the past, ensuring smooth, uninterrupted production and maximum efficiency.




company

Osceola Airbnb hosts earned $64 million in 2022, company says

A report from Airbnb found that hosts in Osceola County with a single listing earned an average of $14,700 last year.




company

Disney names chief brand officer as company faces scrutiny over politics, content

As it faces criticism from conservatives, the Walt Disney Company has appointed its first chief brand officer.




company

Universal’s theme park plans unaffected by CEO’s exit, company says

NBCUniversal CEO Jeff Shell’s departure from Comcast on Sunday for “inappropriate conduct” will not affect the company’s ongoing and upcoming theme park projects.




company

What’s happening with 23andMe? Mass layoffs and restructuring are the latest blow for the embattled DNA-testing company

DNA-testing company 23andMe (Nasdaq: ME), once an industry leader that attracted millions of customers, including rapper Snoop Dogg and investor Warren Buffett, has announced significant cuts to its operations, with plans to lay off 200 employees or roughly 40% of its workforce. The company also said it will discontinue development of its therapeutic programs. Here’s what to know about the latest development and what led up to it.

Board exodus

The latest move comes as the company looks to stabilize after facing significant challenges, including the resignation of all seven independent board members in October.

Data breach

Last year, 23andMe suffered a massive data breach when hackers accessed the personal information of 6.9 million users. The incident led to a class-action lawsuit, which, in September, 23andMe agreed to settle for $30 million.

The problem with SPACs

In 2021, 23andMe went public through a merger with a special purpose acquisition company, or SPAC. It later expanded into drug-discovery and weight-loss sectors. However, as DNA test kit sales declined, so did its financial health. By fiscal 2023, it reported a $312 million net loss, with its stock down 98% since going public, currently at about $4 after a reverse stock split in October 2024.

Separate reports have found that things have often not ended well for companies that took advantage of the pandemic-era SPAC boom, which led to billions in losses for investors and a number of bankruptcies for companies.

What’s next for 23andMe and its employees?

The layoffs are expected to result in $12 million in severance, termination, and transition-related costs and are part of a broader plan to streamline the business and achieve annual cost savings of $35 million.

The company says it is exploring various strategic options for its therapeutic programs, including potential licensing agreements and the sale of assets in its development pipeline.

“We are taking these difficult but necessary actions as we restructure 23andMe and focus on the long-term success of our core consumer business and research partnerships,” said Anne Wojcicki, cofounder, CEO, and chair of the board, in a statement.

Shares of 23andMe were up almost 6% to $4.87 on the news, which was announced late yesterday. The stock is down more than 73% year to date.






company

A Walk in Roofing Contractors' Shoes: Red Wing Shoe Company Plant 1 Blends History and New TPO Roofing System

Look around a jobsite, and you’ll likely see many crew members wearing Red Wing boots.




company

Contractor Profile: Indy Roof Company

This Indianapolis-based roofing contractor set out to be one of the most reputable companies in its market through communication and education.




company

Enter Your Company for RC’s 2022 Top 100 and Contractor of the Year

Enter your company for the chance to earn a spot on the Top 100 list or become a 2022 Contractor of the Year.




company

Thank You Ladies: My Husband is Procrastinating His Roofing Company Exit Plan

To be perfectly fair to their partners, planning for the exit is complicated, especially when the owner is preoccupied with the day-to-day business.




company

If You Lost Everything You Owned: Using Asset Insulation in Your Roofing Company Exit

It’s no surprise that in today’s society civil litigation has become an ever-increasing threat to business owners and affluent individuals.




company

How Much Will It Cost to Sell My Roofing Company?




company

Why a Roofing Company Becomes a ‘Target’ for Acquisitions

Do you want your roofing contractor firm to be considered attractive for an outside sale? Consider your personal and financial goals, and beware of one-off deals.




company

Know Your Roofing Company’s Policy on Marijuana

In this BOS podcast, Trent Cotney of Adams & Reese discusses the impact of marijuana legalization on roofing contractors, emphasizing workplace safety and evolving legal challenges.




company

Cornerstone Building Brands to Purchase Mueller Supply Company

Cornerstone Building Brands announced plans to acquire Mueller Supply Company, expanding its reach in the residential metal roofing market and adding 38 retail branches and five manufacturing sites across the Southwest.




company

New Service Provides Company-Specific Compliance Updates from Regulatory Experts

J.J. Keller & Associates, Inc. introduces the 'Live Regulatory Update Service,' offering customized virtual presentations by subject matter experts in areas including FMCSA, DOT, OSHA, EPA, and more.




company

A commitment to Europe - Traditional company DENSO attracts market

There is movement in the European market for Auto-ID products. A major market player, Casio, has decided to discontinue its Auto-ID solutions division in Europe. For many end customers, this raises the question of how mobile computing can remain operational in their segments.




company

Be for Beauty company behind The INKEY List, scales up demand planning processes with FuturMaster

Brand Evangelists for Beauty (Be for Beauty) was created 5 years ago by Colette Laxton & Mark Curry. Over the last couple of years, the company has faced strong growth.




company

Logility acquires AI forecasting company Garvis

Logility, Inc., the prescriptive supply chain planning solutions provider, has signed a definitive agreement to acquire Garvis, a visionary SaaS startup that combines large language models (ChatGPT) with AI-native demand forecasting.




company

Global renewables company RES selects IFS Cloud to support operations and growth

IFS, the provider of enterprise cloud and Industrial AI software, has announced that the world’s largest independent renewable energy company, RES, has selected IFS Cloud to support its business as it seeks to align operational procedures and continued global growth.




company

Zetes invests in autonomous mobile robots company, Robotize

Zetes, the specialist in supply chain execution solutions and part of the Panasonic Group, has invested in Robotize, a Danish robotics company known for its cutting-edge Autonomous Mobile Robots (AMRs) to reach a stake of 50%, alongside its founding shareholders.




company

Innovate UK-funded biotech company accelerates cheaper drug and vaccine manufacture after biocomputer breakthrough

A UK-backed biotech company has achieved a pioneering biocomputer breakthrough which is accelerating the development and manufacture of cheaper drugs and vaccines.




company

What happens when a company that didn’t bid files an award protest?

A vendor of computer vision software protested a National Geospatial-Intelligence Agency award to systems integrator CACI.

The post What happens when a company that didn’t bid files an award protest? first appeared on Federal News Network.




company

Meat company JBS confirms it paid a $11 million ransom following its recent cyberattack

Meat company JBS confirms it paid a $11 million ransom following its recent cyberattack




company

Trump's personal fortune soars as shares of his media company rise

Trump's personal fortune soars as shares of his media company rise




company

Profits at power company CEZ hit by lower earnings in trading and mining

Profits at power company CEZ hit by lower earnings in trading and mining




company

Enterprise Domain Stargazing: Understanding Your Company’s Galaxy of Domains

In CSC's recent insight paper, we address the trend that many business leaders today don't realize the extent to which their modern enterprise -- and its millions of digital assets -- rely on. It's a vast domain ecosystem that needs to be protected from online threats. Often, to better understand this need for domain security, we need to understand how critical and interconnected domains are within a business.




company

DOTZON Study: Digital Company Brands 2024

DOTZON presents the seventh edition of the Digital Company Brands study. After having introduced the study in 2018, DOTZON continued to expand and enhance the underlying data to display how companies successfully use their Digital Company Brands. The Digital Company Brand is the digital dimension of a company brand and mirrors the "digitalness " of a company. For "Digital Company Brands 2024", all companies worldwide that have their own internet extension were once again analysed.




company

November Podcast: Cassiopeia & Company

November’s night skies feature a cluster of prominent constellations led by a celestial queen. Our guided audio tour tells you how to identify them, along with tips for spotting all five bright planets and three meteor showers.

The post November Podcast: Cassiopeia & Company appeared first on Sky & Telescope.



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company

Private-sector employers add 235,000 jobs in December, payroll company reports

(The Center Square) – Private-sector employers added 235,000 new hires across the United States in December, according to the December ADP National Employment Report produced by the ADP Research Institute in collaboration with Stanford Digital. Medium and small firms had robust hiring as big companies experienced declining job creation.




company

GXO: We are very pleased to complete this valuable acquisition for our company

GXO Logistics, Inc. announced that it has completed its acquisition of Wincanton plc.




company

Company with private jet trips starting at $102: The 'Uber of flying'

KinectAir, an on-demand private air travel company, is now booking budget-friendly private planes.




company

Neighbors raise concerns about a rapidly growing cabinet company in North Idaho and hope to block further expansion

Panhandle Door Inc. started 25 years ago as a small mom-and-pop cabinet business in Naples, Idaho, about 6 miles south of Bonners Ferry in Boundary County…




company

Kate Hudson and Her Sportswear Brand Cut Ties With Taiwanese Company Amid Abuse Allegations

The 'Deepwater Horizon' actress has decided to sever ties with a Taiwanese company after a number of employees accused bosses of sexual and physical abuses.




company

Kate Hudson and Her Sportswear Brand Cut Ties With Taiwanese Company Amid Abuse Allegations

The 'Deepwater Horizon' actress has decided to sever ties with a Taiwanese company after a number of employees accused bosses of sexual and physical abuses.





company

Walsall smashes company formation record

Optimistic signs for borough's economy.




company

Birmingham Opera Company hitting the highs

Mittwoch Aus Licht by Stockhausen, a commission for the London 2012 Festival, produced by Birmingham Opera Company last August in a disused Digbeth factory has been shortlisted for the two top awards in the world of opera.







company

Keneish Dance Company presents new contemporary production

New production exploring themes of regeneration to receive premiere.




company

Midlands company helps deliver sports qualifications

Digital platform leads to 18,000 sports qualifications during lockdown.



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