Riggs rises to president of Hershey salty snacks business
HERSHEY, PA. — Kristen Riggs has been promoted to president of salty snacks at Hershey Co.
Ms. Riggs has been with Hershey for more than 17 years, most recently as senior vice president and chief growth officer from January 2020 to November 2022. Previously, she was vice president of innovation and strategic growth platforms.
Since joining Hershey in 2005 Ms. Riggs has held a range of leadership positions as well as roles in brand marketing, shopper marketing, global marketing and sales.
Before joining Hershey, she worked as an engineer for Samsung Semiconductor in Austin, Texas.
“Riggs is a dynamic Hershey…
BC port strike hurting hundreds of small businesses: CFIB
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Transportation
Small Business
News
entrepreneur
economy
Critical shipments getting caught up in the dispute, small businesses say
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Published July 11, 2023 • 3 minute read
An empty pallet at the Port of Vancouver. More than half of small businesses surveyed by CFIB say the strike at British Columbia’s ports is impacting their operations. Photo by Jason Payne/PNG
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As the strike at the ports of British Columbia stretches into its 11th day, more than half of 1,400 Canadian small business owners surveyed by the Canadian…
RBC is under pressure to boost capital after OSFI hikes buffer
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Finance
Banking
Analyst says CIBC also faces scrutiny with the lowest CET1 ratio of the six banks
Author of the article:
Bloomberg News
Geoffrey Morgan
Published June 20, 2023 • Last updated June 21, 2023 • 2 minute read
Royal Bank of Canada and CIBC are under new pressure to bolster its capital levels after OSFI raised the minimum buffer for the largest banks, analysts say. Photo by Cole Burston/Bloomberg
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Royal Bank of Canada is under new pressure to bolster its capital levels after the country’s financial regulator raised the minimum buffer for the largest…
Uh-oh. More good news that may be bad for your economic health
At first glance, the response of “sold over asking” real estate signs may seem like an encouraging signal for the Canadian economy, especially for highly invested homeowners who have watched prices fall from last year’s highs.
But a growing number of economists worry that a recent series of indicators, the latest being Wednesday’s rise in Canadian retail sales, may instead be a red flag for central bankers, leading them to more rate hikes that could ultimately make many Canadians feel miserable.
With each new smidgen of optimistic data, money market traders point to a rising chance that central bankers will…
Calgary apartment tower sale bet on tight Canadian housing market
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Hines, a real estate company with nearly US$96 billion in assets under management, is pitching international investors on a Canadian apartment building deal as a way to bet on the country’s tight housing market.
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The US firm is seeking to sell a 462-unit rental building in Calgary after completing construction nearly three years ago, with the expectation it will fetch around $200 million, according to Avi Tesciuba, head of Canadian operations at Hines.
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Rents in Canada climbed last year as a longstanding shortage of housing was met with a record amount of immigration. Meanwhile,…
Tupperware stock plummets after warning it may go out of business
Tupperware says it may go out of business
Tupperware may go out of business, the company warns
04:34
Tupperware is warning it may go out of business, just three years after the retro brand enjoyed a surprise surge from legions of pandemic shut-ins trying their hands at cooking.
The Orlando-based company said it had “substantial doubt about its ability to continue as a going concern” in a press release and filing securities.
Shares of the direct marketing company plunged 50% after the announcement late Friday. Tupperware’s stock was trading at about $1.28 a share Tuesday, down 70% since the start…
New Ontario Volkswagen EV battery plant to create 3,000 jobs – Business News
Photo: The Canadian Press
A massive new Volkswagen electric-vehicle battery plant in southwestern Ontario will create up to 3,000 direct jobs and 30,000 indirect jobs in the region.
Prime Minister Justin Trudeau, Ontario Premier Doug Ford and top brass from the German automaker are unveiling details of the new Volkswagen “gigafactory” that will be built in St. Thomas, Ont.
Volkswagen, the world’s largest automaker, will invest $7 billion in the electric-vehicle battery plant, which will be operated by its company, PowerCo.
“We’ve landed the largest auto investment in the province’s history,” said Ontario Economic Development Minister Vic Fedeli.
“It’s not…
