Higher tobacco-buying age helps Juul and Altria avoid a ban on flavored e-cigarettes, group says

Washington’s year-end spending deal has included a measure that lifts the age for buying tobacco products to 21 from 18, but one prominent anti-tobacco group is issuing warnings this week about the development, rather than celebrating a victory. Raising the buying age nationwide for all tobacco products, including electronic cigarettes, is a “positive step,” but it could take attention away […]

Read more

Coty’s $600 million deal with Kylie Jenner is designed to hang on to her social media star power

Coty Inc. announced Monday that it will take a 51% stake in Kylie Cosmetics, the blockbuster beauty brand from Kylie Jenner, for $600 million. The deal values Kylie Cosmetics at $1.2 billion. Together they will focus on global expansion of the brand, with Jenner and her team maintaining the lead on products and communications, including social media. Coty COTY, +2.94%  […]

Read more

Walmart’s lawsuit over solar panel fires is the latest ‘tarnish’ on Tesla, analyst says

Walmart Inc.’s lawsuit against Tesla Inc. over several roof fires that the retailer blames on solar panels is “yet another blow to the already tarnished” solar business at Tesla TSLA, -2.16% , analysts at ISI Evercore said in a note Wednesday. Walmart WMT, +0.13%is suing for breach of contract, alleging “gross negligence” on Tesla’s part for the fires, which it says started […]

Read more

Estee Lauder beat expectations thanks to China and travel retail but the Americas business has stalled

Estee Lauder Cos. EL, -0.79% was downgraded to neutral from buy at D.A. Davidson despite beating third-quarter earnings and sales expectations. Analysts there call out the Americas business, expressing concern that it’s "not improving, which was a thesis point when we upgraded to buy last August." D.A. Davidson also cut its price target to $155 from $179. "The prestige color […]

Read more

Lawmakers in some states look to end balloon launches at weddings, birthdays and memorials

PORTLAND, Maine (AP) — The tradition of releasing balloons at weddings, birthdays and memorials may soon get deflated by lawmakers in more than half a dozen states. Critics say the helium-filled balloons pollute the environment, and threaten birds and other wildlife when they fall to earth. “People don’t really realize that it’s littering. That’s why we want to bring attention […]

Read more

Sex lives collide when millennials move back home

Someone should have warned me about how hard it is to empty a nest of millennials. According to the Pew Research Center, 15% of adults between the ages of 25 and 35 were living with their parents in 2016. If your adult children didn’t finish college (yet), one in five of them is likely to keep shoes beneath your couch and dirty clothes […]

Read more
1 2 3 5