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...And who's having less fun

Snacks / Monday, March 25, 2019

Just need a little more time to freshen up... Turns out Revlon will be late delivering its annual financial statements because new software messed with its accounting mojo. That problem will cost about $54M to touch up. Revlon also mentioned that it suffered a loss for the 7th straight quarter.

Arguing over Beer Pong rules... means nobody wins. Molson Coors sued Budweiser owner AB-InBev for its recent TV attack ads. The Taste of the Rockies didn't appreciate the King of Beers claiming Miller and Coors are packed with corn syrup (it's just used in the brewing process, not the final watered-down product).

Sneakers ruined your buddy's savings ?... Nike feels ya. Shares dipped as its US and China sales growth slowed a tad. Now it's whipping up more options for kicks under $100 so you can actually afford to get a pair dirty.

Attention college seniors... General Motors is hiring. Fresh after planning to shut down 5 factories, GM's dropping a cool $300M into a Michigan plant. That'll add 400 jobs, focused on its not-quite-Tesla electric model, Bolt. The stock fell into the weekend though because that investment's costly.

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