A woman is suing Frito-Lay, the snack division of PepsiCo, for what she says is deceptive use of the phrase “all natural ingredients” on its packages of products like Tostitos […]
Mattel announced this month that CEO Bryan Stockton resigned from the company. Stockton, who led the maker of Barbie, Hot Wheels, and other popular toys for three years, was succeeded on an interim basis by longtime board member Christopher Sinclair. News of the resignation was released with the company’s fourth-quarter results, which listed a 7% decline in total net sales and costs related to its MEGA Brands acquisition as factors contributing to the difficult quarter. The fourth quarter is traditionally the strongest for toy makers.
January 19, 2015
In an update last week, D&B Editor Diane Ramirez discussed how Purdue University‘s revenue increased 1% in 2013 to $1.5 billion as a result of higher student fee rates and a rise in federal grants; however, those increases were partially offset by a decline in county grants as well as an overall decline in student enrollment. Net income also skyrocketed 67% to $227 million that year as investment returns increased. The Boilermakers’ primary sources of income include student tuition and fees. The school also attracts more than $450 million in research funding each year from a variety of sources including government agencies, foundations, and corporate partners. Follow Diane on Twitter.
January 26, 2015
The number of hotels that require guests to pay for Internet service is declining as more consumers regard Wi-Fi as a necessary amenity rather than a luxury add-on. Only 11 percent of US hotels still charge fees for basic in-room web access, compared to 23 percent in 2012, according to a new survey by the American Hotel & Lodging Association. A 2014 hotel survey found that hotel guests now consider free Wi-Fi to be the most important in-room amenity, ranking it ahead of showers, TVs, and air-conditioning. For more industry trends, see our Hotels, Motels & Resorts industry profile.