Chasing the Yield
Investing for income through dividends and distributions
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Proctor & Gamble raising prices on household staples
Inflation continues to ripple through all economic sectors The maker of Tide detergent and Gillette razors said it would start charging more for certain beauty, oral care and grooming products such as razors. The price increases come in addition to earlier moves to start charging more for staples from diapers to toilet paper. P&G, which released quarterly…
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Energymageddon
Are we headed towards a 1970’s style energy crisis, J&J talc liability bankruptcy, Microsoft shuts down LinkedIn in China, and much more!
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FDA advisors unanimously authorize Johnson & Johnson $JNJ booster
Advisers to the Food and Drug Administration voted unanimously Friday to recommend the agency authorize an extra dose of Johnson & Johnson’s Covid-19 vaccine, to shore up protection against the coronavirus. The panel of outside doctors and experts voted 19-0 to recommend that all adults who received a first dose of the J&J vaccine should get the second…
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Johnson & Johnson places talc liability entity into bankruptcy
The healthcare company said Thursday that a corporate affiliate holding talc-related liabilities had filed for chapter 11 protection “to resolve all claims related to cosmetic talc in a manner that is equitable to all parties, including any current and future claimants.” The chapter 11 filing makes J&J the latest company to turn to chapter 11…
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Microsoft shuts down LinkedIn in China
Microsoft could not continue to comply with the increasing restrictions on speech in China and therefore is closing LinkedIn in China. China is continuing to close itself off to the world. LinkedIn, in a statement Thursday, said that it made the decision after “facing a significantly more challenging operating environment and greater compliance requirements in…
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Walgreens closing five stores in San Francisco
The crime problem in San Francisco and California as a whole continues to cause retailers problems. Walgreens Boots Alliance Inc. has announced that it will close five Walgreens stores in San Francisco in response to the rise in organized retail crime. Walgreens says it will move prescriptions and workers from the shuttered stores to nearby…