As expected, U.S. District Judge John Gleeson approved the proposed $5.7 billion class-action settlement in the underlying credit card swipe fees case between merchants and Visa/MasterCard. In his order on Friday afternoon, Judge Gleeson explained that he was satisfied with the settlement. NACS filed private antitrust litigation against the major credit card companies and banks…
USA Today reports that e-commerce giant Amazon.com is “working on a new business” called Pantry that could help the company expand even further into the CPG market and “take on warehouse club stores” such as Costco and Sam’s Club. The newspaper reports that Pantry, run by Billy Hegeman, a senior manager in vendor management and…
The Coca-Cola Co. is splitting its North America business into two operating units: Coca-Cola North America and Coca-Cola Refreshments. Effective Jan. 1, 2014, the new structure will help Coca-Cola streamline operations and accelerate its refranchising to independent bottling partners. J.A.M. “Sandy” Douglas will lead Coca-Cola North America and also continue his role as global chief…
Heeren Bros., Inc. held a ribbon-cutting ceremony on Wednesday, December 11, 2013 to celebrate the opening of its new $22 million state-of-the-art facility in Alpine Township. The event was held at 10:30 a.m. and allowed state legislators, township officials, contractors, vendors and neighbors to tour Heeren’s new 178,000-square-foot facility at 1055 7 Mile Road. Brief…
By: Randall A. Denha, Esq.* When planning your estate it’s important to understand the difference between probate and non-probate assets. Probate is the process through which a court determines how to distribute your property after you die. Some assets are distributed to heirs by the court (probate assets) and some assets bypass the court process…
By Clementine Fletcher and Leslie Patton Suntory Holdings Ltd., the closely held Japanese whiskey and beer maker, agreed to buy Beam Inc. for $16 billion including debt to gain brands such as Maker’s Mark whiskey and create the world’s third-largest premium spirits company. Investors in the maker of Jim Beam and Canadian Club liquor will…
Discount supermarket replaces confectionery with dried and fresh fruit, oatcakes and juices Jennifer Rankin The Guardian Lidl has banned sweets and chocolate bars from the checkout at all 600 of its UK stores after surveying parents about the “pester power” of their children. The discount supermarket said racks of sweets had been replaced with dried…
The golden days of Brazilian ethanol production is waning, despite investment of billions of dollars on transforming sugar cane into ethanol, the Washington Post reports. What makes this even stranger is that many of the cars in Brazil are designed to use biofuel. With a potentially big export market of China and the United States,…
Faygo Silhouettes series of billboards and “graphic design packaging” for its Faygo Cola 12 oz Glass Packaging created by New Century Creative. “Faygo has been a Detroit icon for more than 106 years, celebrating our city, fun and bringing folks together ” said Al Chittaro, executive vice president of Faygo Beverages, Inc. “New Century has…
By: Randall A. Denha, Esq. All trusts should be reviewed every few years to make sure that they are up-to-date with the law and meet your goals today. Following is a checklist of trust features you can review yourself. But be aware that these only refer to revocable “living” trusts, not to any irrevocable trusts…