Ford tweaks Tesla on Twitter as Detroit carmaker plans ‘Mustang-inspired’ all-electric SUV

With all eyes trained on Tesla last Thursday awaiting its highly anticipated unveil of its Model Y crossover, Ford quietly teased the prospect of an electric version of its iconic Mustang “Pony car.” “Hold your horses,” Ford said in a tweet not so coincidentally released at 11:02 p.m. ET, minutes after Tesla’s scheduled webcast unveiling of its newest entry, the Model Y battery-electric sport utility vehicle. Indeed it does have some big things in the works. President of Global Operations Joe Hi


With all eyes trained on Tesla last Thursday awaiting its highly anticipated unveil of its Model Y crossover, Ford quietly teased the prospect of an electric version of its iconic Mustang “Pony car.” “Hold your horses,” Ford said in a tweet not so coincidentally released at 11:02 p.m. ET, minutes after Tesla’s scheduled webcast unveiling of its newest entry, the Model Y battery-electric sport utility vehicle. Indeed it does have some big things in the works. President of Global Operations Joe Hi
Ford tweaks Tesla on Twitter as Detroit carmaker plans ‘Mustang-inspired’ all-electric SUV Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: paul a eisenstein, paul eisenstein cnbc, bill pugliano, getty images, ashlee espinal
Keywords: news, cnbc, companies, tweaks, plans, mustanginspired, teased, ford, model, working, carmaker, mustang, twitter, allelectric, things, tesla, version, detroit, suv, big


Ford tweaks Tesla on Twitter as Detroit carmaker plans 'Mustang-inspired' all-electric SUV

With all eyes trained on Tesla last Thursday awaiting its highly anticipated unveil of its Model Y crossover, Ford quietly teased the prospect of an electric version of its iconic Mustang “Pony car.”

With its big V-8 engine and retro-tinged design, the Shelby GT500 is a throwback to another era, the most powerful muscle car Ford has ever produced, borrowing a name first introduced decades ago. But the Shelby is just one of several versions of the Mustang coupe that Ford is working on and the one the automaker teased on social media last week hints at a very different future.

“Hold your horses,” Ford said in a tweet not so coincidentally released at 11:02 p.m. ET, minutes after Tesla’s scheduled webcast unveiling of its newest entry, the Model Y battery-electric sport utility vehicle. The post, which featured a blue version of the classic Mustang logo on a black background, was a clear reference to a terse announcement Ford made 14 months earlier when — at the 2018 North American International Auto Show in Detroit — it said it was working on a project codenamed Mach 1.

Ford declined to comment on the tweet, but an executive who asked not to be named because the plans aren’t public yet said they timed it with the Tesla launch to hint at big things coming in their own electric car program in the coming months.

Indeed it does have some big things in the works. President of Global Operations Joe Hinrichs told CNBC that the company is moving quickly toward producing what it previously described as a “Mustang-inspired” all-electric SUV that will be in showrooms next year, about the same time Tesla begins to deliver the first Model Y battery SUV.


Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: paul a eisenstein, paul eisenstein cnbc, bill pugliano, getty images, ashlee espinal
Keywords: news, cnbc, companies, tweaks, plans, mustanginspired, teased, ford, model, working, carmaker, mustang, twitter, allelectric, things, tesla, version, detroit, suv, big


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Ford tweaks Tesla on Twitter as Detroit carmaker plans ‘Mustang-inspired’ all-electric SUV

With all eyes trained on Tesla last Thursday awaiting its highly anticipated unveil of its Model Y crossover, Ford quietly teased the prospect of an electric version of its iconic Mustang “Pony car.” “Hold your horses,” Ford said in a tweet not so coincidentally released at 11:02 p.m. ET, minutes after Tesla’s scheduled webcast unveiling of its newest entry, the Model Y battery-electric sport utility vehicle. Indeed it does have some big things in the works. President of Global Operations Joe Hi


With all eyes trained on Tesla last Thursday awaiting its highly anticipated unveil of its Model Y crossover, Ford quietly teased the prospect of an electric version of its iconic Mustang “Pony car.” “Hold your horses,” Ford said in a tweet not so coincidentally released at 11:02 p.m. ET, minutes after Tesla’s scheduled webcast unveiling of its newest entry, the Model Y battery-electric sport utility vehicle. Indeed it does have some big things in the works. President of Global Operations Joe Hi
Ford tweaks Tesla on Twitter as Detroit carmaker plans ‘Mustang-inspired’ all-electric SUV Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: paul a eisenstein, paul eisenstein cnbc, bill pugliano, getty images, ashlee espinal
Keywords: news, cnbc, companies, tweaks, plans, mustanginspired, teased, ford, model, working, carmaker, mustang, twitter, allelectric, things, tesla, version, detroit, suv, big


Ford tweaks Tesla on Twitter as Detroit carmaker plans 'Mustang-inspired' all-electric SUV

With all eyes trained on Tesla last Thursday awaiting its highly anticipated unveil of its Model Y crossover, Ford quietly teased the prospect of an electric version of its iconic Mustang “Pony car.”

With its big V-8 engine and retro-tinged design, the Shelby GT500 is a throwback to another era, the most powerful muscle car Ford has ever produced, borrowing a name first introduced decades ago. But the Shelby is just one of several versions of the Mustang coupe that Ford is working on and the one the automaker teased on social media last week hints at a very different future.

“Hold your horses,” Ford said in a tweet not so coincidentally released at 11:02 p.m. ET, minutes after Tesla’s scheduled webcast unveiling of its newest entry, the Model Y battery-electric sport utility vehicle. The post, which featured a blue version of the classic Mustang logo on a black background, was a clear reference to a terse announcement Ford made 14 months earlier when — at the 2018 North American International Auto Show in Detroit — it said it was working on a project codenamed Mach 1.

Ford declined to comment on the tweet, but an executive who asked not to be named because the plans aren’t public yet said they timed it with the Tesla launch to hint at big things coming in their own electric car program in the coming months.

Indeed it does have some big things in the works. President of Global Operations Joe Hinrichs told CNBC that the company is moving quickly toward producing what it previously described as a “Mustang-inspired” all-electric SUV that will be in showrooms next year, about the same time Tesla begins to deliver the first Model Y battery SUV.


Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: paul a eisenstein, paul eisenstein cnbc, bill pugliano, getty images, ashlee espinal
Keywords: news, cnbc, companies, tweaks, plans, mustanginspired, teased, ford, model, working, carmaker, mustang, twitter, allelectric, things, tesla, version, detroit, suv, big


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Only half of Americans have access to a 401(k)—here’s how to save for retirement if you don’t

Using a 401(k) plan to save for retirement is an attractive option: You get tax advantages, the funds are automatically taken out of your paycheck for you and sometimes your company even matches your contribution up to a certain amount, which is essentially free money. But many Americans don’t have access to this specific retirement tool. “Roughly half of all households are offered work-based retirement plans at their current jobs,” researchers at the Stanford Center on Longevity point out in a


Using a 401(k) plan to save for retirement is an attractive option: You get tax advantages, the funds are automatically taken out of your paycheck for you and sometimes your company even matches your contribution up to a certain amount, which is essentially free money. But many Americans don’t have access to this specific retirement tool. “Roughly half of all households are offered work-based retirement plans at their current jobs,” researchers at the Stanford Center on Longevity point out in a
Only half of Americans have access to a 401(k)—here’s how to save for retirement if you don’t Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: kathleen elkins, -nick holeman, certified financial planner at betterment
Keywords: news, cnbc, companies, retirement, 401kheres, access, americans, plan, half, current, way, using, tool, dont, team, taxdeferred, save, plans, workbased


Only half of Americans have access to a 401(k)—here's how to save for retirement if you don't

Using a 401(k) plan to save for retirement is an attractive option: You get tax advantages, the funds are automatically taken out of your paycheck for you and sometimes your company even matches your contribution up to a certain amount, which is essentially free money.

But many Americans don’t have access to this specific retirement tool. “Roughly half of all households are offered work-based retirement plans at their current jobs,” researchers at the Stanford Center on Longevity point out in a 2018 report, “Seeing Our Way to Financial Security in the Age of Longevity.”

“A family is considered eligible to participate in a work-based retirement plan if either spouse/partner is included in any pension or retirement plan or any tax-deferred savings plan connected with their current job,” the research team notes.

Here’s the Center’s breakdown of eligibility and participation in work-based retirement plans for families at different ages:


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: kathleen elkins, -nick holeman, certified financial planner at betterment
Keywords: news, cnbc, companies, retirement, 401kheres, access, americans, plan, half, current, way, using, tool, dont, team, taxdeferred, save, plans, workbased


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Ford is cutting 5,000 jobs in Germany with more cuts coming for the UK

Ford is cutting 5,000 jobs in Germany and more in the U.K. as part of an effort to reduce costs in Europe, the company said Friday. The automaker offered voluntary separation packages for employees in Germany and the U.K. to help accelerate its plan to improve performance in the region, where Ford has struggled. The total number of jobs affected in the U.K. have yet to be determined. The automaker is undergoing a larger plan to restructure its operations worldwide, which it’s said will cost $11


Ford is cutting 5,000 jobs in Germany and more in the U.K. as part of an effort to reduce costs in Europe, the company said Friday. The automaker offered voluntary separation packages for employees in Germany and the U.K. to help accelerate its plan to improve performance in the region, where Ford has struggled. The total number of jobs affected in the U.K. have yet to be determined. The automaker is undergoing a larger plan to restructure its operations worldwide, which it’s said will cost $11
Ford is cutting 5,000 jobs in Germany with more cuts coming for the UK Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: robert ferris, oliver berg, picture alliance, getty images
Keywords: news, cnbc, companies, business, jobs, cuts, plans, plan, germany, cutting, coming, automaker, uk, number, vehicles, 5000, ford


Ford is cutting 5,000 jobs in Germany with more cuts coming for the UK

Ford is cutting 5,000 jobs in Germany and more in the U.K. as part of an effort to reduce costs in Europe, the company said Friday.

The automaker offered voluntary separation packages for employees in Germany and the U.K. to help accelerate its plan to improve performance in the region, where Ford has struggled. The total number of jobs affected in the U.K. have yet to be determined.

The automaker is undergoing a larger plan to restructure its operations worldwide, which it’s said will cost $11 billion. Ford is reshaping its European business into three different business groups that focus on commercial vehicles, passenger vehicles, and imports. The carmaker plans to simplify its product lines and focus on the most profitable vehicles.

Ford said in January it plans to partner with German carmaker Volkswagen on a number of initiatives, including trucks and commercial vans for markets around the world.

Europe has also been difficult for Ford’s Detroit rival General Motors sold off its European business entirely in 2017, to French automaker Groupe PSA and French banking groun BNP Paribas.


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: robert ferris, oliver berg, picture alliance, getty images
Keywords: news, cnbc, companies, business, jobs, cuts, plans, plan, germany, cutting, coming, automaker, uk, number, vehicles, 5000, ford


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Ford is cutting 5,000 jobs in Germany with more cuts coming for the UK

Ford is cutting 5,000 jobs in Germany and more in the U.K. as part of an effort to reduce costs in Europe, the company said Friday. The automaker offered voluntary separation packages for employees in Germany and the U.K. to help accelerate its plan to improve performance in the region, where Ford has struggled. The total number of jobs affected in the U.K. have yet to be determined. The automaker is undergoing a larger plan to restructure its operations worldwide, which it’s said will cost $11


Ford is cutting 5,000 jobs in Germany and more in the U.K. as part of an effort to reduce costs in Europe, the company said Friday. The automaker offered voluntary separation packages for employees in Germany and the U.K. to help accelerate its plan to improve performance in the region, where Ford has struggled. The total number of jobs affected in the U.K. have yet to be determined. The automaker is undergoing a larger plan to restructure its operations worldwide, which it’s said will cost $11
Ford is cutting 5,000 jobs in Germany with more cuts coming for the UK Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: robert ferris, oliver berg, picture alliance, getty images
Keywords: news, cnbc, companies, business, jobs, cuts, plans, plan, germany, cutting, coming, automaker, uk, number, vehicles, 5000, ford


Ford is cutting 5,000 jobs in Germany with more cuts coming for the UK

Ford is cutting 5,000 jobs in Germany and more in the U.K. as part of an effort to reduce costs in Europe, the company said Friday.

The automaker offered voluntary separation packages for employees in Germany and the U.K. to help accelerate its plan to improve performance in the region, where Ford has struggled. The total number of jobs affected in the U.K. have yet to be determined.

The automaker is undergoing a larger plan to restructure its operations worldwide, which it’s said will cost $11 billion. Ford is reshaping its European business into three different business groups that focus on commercial vehicles, passenger vehicles, and imports. The carmaker plans to simplify its product lines and focus on the most profitable vehicles.

Ford said in January it plans to partner with German carmaker Volkswagen on a number of initiatives, including trucks and commercial vans for markets around the world.

Europe has also been difficult for Ford’s Detroit rival General Motors sold off its European business entirely in 2017, to French automaker Groupe PSA and French banking groun BNP Paribas.


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: robert ferris, oliver berg, picture alliance, getty images
Keywords: news, cnbc, companies, business, jobs, cuts, plans, plan, germany, cutting, coming, automaker, uk, number, vehicles, 5000, ford


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China plans a solar power play in space that NASA abandoned decades ago

Now the studies conducted on feasibility are decades old and simply no longer relevant to the discussion, Mankins said. “We no longer need a stupendously huge factory in space and hundreds of astronauts to put it together. Thin film solar panels are lightweight, which reduces launch cost. Thin film may also have a structural advantage in space — the lighter weight is no issue in the zero-gravity environment. In India and in Europe scientists are working on additional concepts for solar based pow


Now the studies conducted on feasibility are decades old and simply no longer relevant to the discussion, Mankins said. “We no longer need a stupendously huge factory in space and hundreds of astronauts to put it together. Thin film solar panels are lightweight, which reduces launch cost. Thin film may also have a structural advantage in space — the lighter weight is no issue in the zero-gravity environment. In India and in Europe scientists are working on additional concepts for solar based pow
China plans a solar power play in space that NASA abandoned decades ago Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: eric rosenbaum, donovan russo, nasa, getty images news, getty images, mark hopkins, national space society, sps-alpha concept, image provided john c mankins, -john mankins
Keywords: news, cnbc, companies, tech, power, china, abandoned, cost, ago, launch, issue, decades, weight, huge, play, thing, solar, nasa, space, plans, weighing


China plans a solar power play in space that NASA abandoned decades ago

Mankins said this view is becoming quickly outdated due to a dramatic lowering of rocket launch costs through efforts funded by billionaires including Tesla founder Elon Musk’s SpaceX and Amazon founder Jeff Bezos’s Blue Origin. Meanwhile, developments in robotics and modular-manufacturing — being able to produce many small modular pieces to make a whole rather than one huge piece of equipment — could lead to cost-effective ways to construct these projects in orbit without having to build a multi-billion-dollar factory in space. He referenced a major review conducted by the federal government in 1981 that when looked at in today’s dollars would have cost up to $1 trillion to deliver the first kilowatt/hour of solar from space. “The whole program was killed in the U.S.,” he said.

Now the studies conducted on feasibility are decades old and simply no longer relevant to the discussion, Mankins said. “Whenever a gray-haired senior scientist tells you something can be done, they are almost certainly right. When they tell you it can’t be done, he or she may very well be wrong,” he said, referencing an adage by science fiction author Arthur C. Clarke from his famous “three laws.”

“We have had a revolution in robotics, drones and warehouse robots that didn’t exist. Previously, the whole thing had to be built as one huge system, an enormous thing like a aircraft carrier shipyard in space to fabricate one enormous object weighing 10,000 tonnes rather than 10 million small units each weighing a few pounds that can use mass production,” he said. “We no longer need a stupendously huge factory in space and hundreds of astronauts to put it together. The whole world, other than the space program, has moved forward to mass-produced modular network devices. That’s the way you would do it, and it was unthinkable 40 years ago, but suddenly it is physically, technically and economically doable.”

American scientists are tinkering with the idea to this day. A group at the California Institute of Technology claims to have created a prototype that is able to capture and transmit solar energy from space, using light weight tiles, work sponsored by a $17.5 million research agreement with Northrop Grumman. Weight has always been a key issue to resolve because of the cost of rocket launches being based on weight of cargo. Thin film solar panels are lightweight, which reduces launch cost. Though as launch costs come down it may be less of a make-or-break issue. Thin film may also have a structural advantage in space — the lighter weight is no issue in the zero-gravity environment.

Other nations are exploring the concept. In India and in Europe scientists are working on additional concepts for solar based power in space. Japan’s JAXA, an aerospace exploration agency, has been researching how to overcome technological barriers, such as microwave wireless power transmission tech and robotic assembly tech.


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: eric rosenbaum, donovan russo, nasa, getty images news, getty images, mark hopkins, national space society, sps-alpha concept, image provided john c mankins, -john mankins
Keywords: news, cnbc, companies, tech, power, china, abandoned, cost, ago, launch, issue, decades, weight, huge, play, thing, solar, nasa, space, plans, weighing


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Gap bets the spin off of star performer Old Navy will sharpen its focus

In late February 2019, Gap Inc. announced plans to split into two separate publicly traded companies, sending its stock soaring on the hopes the new structure will help sharpen its focus and boost sales. The retailer said it would spin off its most successful brand, Old Navy, into a separate, publicly-traded company. With its inexpensive basics, Old Navy has consistently accounted for more than 40 percent of the company’s total annual sales. Its other brands, Gap and Banana Republic, will join m


In late February 2019, Gap Inc. announced plans to split into two separate publicly traded companies, sending its stock soaring on the hopes the new structure will help sharpen its focus and boost sales. The retailer said it would spin off its most successful brand, Old Navy, into a separate, publicly-traded company. With its inexpensive basics, Old Navy has consistently accounted for more than 40 percent of the company’s total annual sales. Its other brands, Gap and Banana Republic, will join m
Gap bets the spin off of star performer Old Navy will sharpen its focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: karin shedd
Keywords: news, cnbc, companies, navy, sharpen, brands, yeargap, companies, focus, performer, spin, old, star, gap, bets, separate, plans, company


Gap bets the spin off of star performer Old Navy will sharpen its focus

In late February 2019, Gap Inc. announced plans to split into two separate publicly traded companies, sending its stock soaring on the hopes the new structure will help sharpen its focus and boost sales.

The retailer said it would spin off its most successful brand, Old Navy, into a separate, publicly-traded company. With its inexpensive basics, Old Navy has consistently accounted for more than 40 percent of the company’s total annual sales. Its other brands, Gap and Banana Republic, will join much its smaller brands, Intermix, Athleta, and Hill City, to form an as-yet unnamed company. Gap also plans to buy high-end children’s clothing line Janie and Jack and fold that into the new company.

Despite the sharp spike on the announcement, Gap shares, which have a market value of just under $10 billion, are up less than 1 percent since the start of the year, and have fallen 20 percent over the past year.

Gap CEO Art Peck, who will remain with the executive of “NewCo,” said both companies should benefit from “a sharpened strategic focus and tailored operating structure.”

A Gap spokesperson wasn’t immediately available for comment.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: karin shedd
Keywords: news, cnbc, companies, navy, sharpen, brands, yeargap, companies, focus, performer, spin, old, star, gap, bets, separate, plans, company


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This is the moon rover Toyota plans to launch into space — take a look

Toyota may already be one of the world’s biggest manufacturers of Earth-bound vehicles, but the Japanese automaker is looking to expand its horizons. The auto company has plans to work with Japan’s space agency to develop a manned lunar rover that will run on fuel cell technology and provide transport for people and cargo on the moon, Toyota Motor and the Japan Aerospace Exploration Agency (JAXA) announced this week. This is what the moon vehicle could eventually look like:


Toyota may already be one of the world’s biggest manufacturers of Earth-bound vehicles, but the Japanese automaker is looking to expand its horizons. The auto company has plans to work with Japan’s space agency to develop a manned lunar rover that will run on fuel cell technology and provide transport for people and cargo on the moon, Toyota Motor and the Japan Aerospace Exploration Agency (JAXA) announced this week. This is what the moon vehicle could eventually look like:
This is the moon rover Toyota plans to launch into space — take a look Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: tom huddleston jr, source, toyota motor
Keywords: news, cnbc, companies, weekthis, work, toyota, space, transport, agency, launch, worlds, technology, moon, look, rover, vehicles, vehicle, plans


This is the moon rover Toyota plans to launch into space — take a look

Toyota may already be one of the world’s biggest manufacturers of Earth-bound vehicles, but the Japanese automaker is looking to expand its horizons.

The auto company has plans to work with Japan’s space agency to develop a manned lunar rover that will run on fuel cell technology and provide transport for people and cargo on the moon, Toyota Motor and the Japan Aerospace Exploration Agency (JAXA) announced this week.

This is what the moon vehicle could eventually look like:


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: tom huddleston jr, source, toyota motor
Keywords: news, cnbc, companies, weekthis, work, toyota, space, transport, agency, launch, worlds, technology, moon, look, rover, vehicles, vehicle, plans


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Aurora Cannabis chairman describes Nelson Peltz partnership, plans for consumer expansion

Aurora Cannabis Executive Chairman Michael Singer told CNBC that the company’s new partnership with activist investor Nelson Peltz is one of many strategic relationships it hopes to foster as it works to broaden its product portfolio. Singer’s comments came about an hour after Aurora announced it has appointed Peltz as a strategic advisor to the company. Peltz’s deep knowledge of the consumer goods industry will likely prove invaluable at Aurora. “We see a number of potential growth areas, certa


Aurora Cannabis Executive Chairman Michael Singer told CNBC that the company’s new partnership with activist investor Nelson Peltz is one of many strategic relationships it hopes to foster as it works to broaden its product portfolio. Singer’s comments came about an hour after Aurora announced it has appointed Peltz as a strategic advisor to the company. Peltz’s deep knowledge of the consumer goods industry will likely prove invaluable at Aurora. “We see a number of potential growth areas, certa
Aurora Cannabis chairman describes Nelson Peltz partnership, plans for consumer expansion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: thomas franck
Keywords: news, cnbc, companies, singer, peltz, expansion, strategic, describes, partnership, consumer, goods, market, stake, plans, aurora, potential, chairman, works, cannabis, nelson, companies


Aurora Cannabis chairman describes Nelson Peltz partnership, plans for consumer expansion

Aurora Cannabis Executive Chairman Michael Singer told CNBC that the company’s new partnership with activist investor Nelson Peltz is one of many strategic relationships it hopes to foster as it works to broaden its product portfolio.

“He may have a reputation as the hedge fund activist, but I can tell you our diligence in the numerous face-to-face meetings convinced us that Nelson is someone who proactively works with companies to maximize value for stakeholders,” Singer said Wednesday morning on “Squawk Box.”

Singer’s comments came about an hour after Aurora announced it has appointed Peltz as a strategic advisor to the company. Aurora said in a release that the Trian Partners co-founder and CEO will “work collaboratively and strategically to explore potential partnerships that would be the optimal strategic fit for successful entry into each of Aurora’s contemplated market segments.”

Aurora shares spiked 15 percent in early trading Wednesday and are up 84 percent in 2019.

Peltz’s deep knowledge of the consumer goods industry will likely prove invaluable at Aurora. The billionaire investor has invested in home goods and food companies for decades. His current investments including a $3.6 billion stake in Procter & Gamble, an $884 million stake in packaged foods giant Mondelez and a longtime, $471 million investment in Wendy’s.

Trian until 2016 held shares in PepsiCo, where new CEO Ramon Laguarta has prioritized accelerating organic revenue growth and managing costs. For investors in slow-and-steady companies like PepsiCo and Procter & Gamble, an opportunity to kindle a relationship with millennial customers and high-growth industries like cannabis aren’t easily overlooked.

“We see a number of potential growth areas, certainly consumer packaged goods,” Singer added. “The beverage industry, cosmetics, wellness; we see pharmaceuticals now starting to show interest in our space. There are a number of what we call market segments that we expect to operate in with one or many of these potential partners.”

Asked by Andrew Ross Sorkin whether Peltz’s current or prior relationships with the U.S. consumer goods market played a role in the company’s decisions to team up, Singer said, “We don’t see it that way.”

“We took a very differentiation approach to – I wanted to proceed carefully, thoughtfully and with a focused approach with regards to partnering,” he said. “We’ve identified a model that potentially includes multiple partners, increasing the complexity of the discussion.”


Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: thomas franck
Keywords: news, cnbc, companies, singer, peltz, expansion, strategic, describes, partnership, consumer, goods, market, stake, plans, aurora, potential, chairman, works, cannabis, nelson, companies


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How a ‘Deal or No Deal’ contestant who won $500 plans to turn that into a lot more—and give it away

Kristen “Tex” Iniguez, a cheerleader-turned-paralegal from California, won a modest $500 on “Deal or No Deal.” Now, she’s asking her friends if they can help her build on that for a good cause. She’s starting a scholarship for students at Miramar College in San Diego inspired by the memory of her friend Scott, who passed away in 2014. “Before I went into this, I definitely had intentions, no matter what I won, to start a scholarship fund for my friend,” Iniguez tells CNBC Make It. “This is the m


Kristen “Tex” Iniguez, a cheerleader-turned-paralegal from California, won a modest $500 on “Deal or No Deal.” Now, she’s asking her friends if they can help her build on that for a good cause. She’s starting a scholarship for students at Miramar College in San Diego inspired by the memory of her friend Scott, who passed away in 2014. “Before I went into this, I definitely had intentions, no matter what I won, to start a scholarship fund for my friend,” Iniguez tells CNBC Make It. “This is the m
How a ‘Deal or No Deal’ contestant who won $500 plans to turn that into a lot more—and give it away Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: shawn m carter
Keywords: news, cnbc, companies, lot, turn, iniguez, scholarship, contestant, memory, worth, deal, friend, went, won, away, 500, plans, moreand


How a 'Deal or No Deal' contestant who won $500 plans to turn that into a lot more—and give it away

Kristen “Tex” Iniguez, a cheerleader-turned-paralegal from California, won a modest $500 on “Deal or No Deal.” Now, she’s asking her friends if they can help her build on that for a good cause.

She’s starting a scholarship for students at Miramar College in San Diego inspired by the memory of her friend Scott, who passed away in 2014.

“Before I went into this, I definitely had intentions, no matter what I won, to start a scholarship fund for my friend,” Iniguez tells CNBC Make It. “He was like me: over the top, silly, funny, so much fun, so outgoing.” And more than anything, she recalls, he “brought us closer together.”

So when Iniguez opened the final briefcase worth $500, she knew she’d put the total towards his memory: “I get to give away this money,” she says, and “I’m going to invite everyone who came to the viewing party” to donate even more.

That way, “we can have this scholarship … every year,” she says. “This is the most proud I’ve been,” that “we’re all able to honor him.”


Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: shawn m carter
Keywords: news, cnbc, companies, lot, turn, iniguez, scholarship, contestant, memory, worth, deal, friend, went, won, away, 500, plans, moreand


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