BlackRock Enters the Gun Debate, General Mills is Buying Blue Buffalo for $8 Billion
BlackRock, the world's largest asset manager, says it's going to talk with gunmakers about the Parkland school shooting. The company wants “to understand their response” to the recent tragedy. In a statement provided to Cheddar, BlackRock said the following:
“We are working with clients who want to exclude from their portfolios weapons manufacturers or other companies that don’t align with their values."
The firm manages nearly $6 trillion for various clients.
In other news, General Mills is buying natural pet food maker Blue Buffalo for $8 billion in cash. Shares of Blue Buffalo surged more than 15% on the news. This marks the first time General Mills has broken into the pet food industry. The deal is expected to be finalized at the end of this year.
March was a blockbuster month for jobs, with 303,000 new positions – and paired with slower wage growth, an economist and a portfolio manager agree this could be the ‘best of both worlds.’
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e.l.f.’s affordable price point and makeup and skincare options made it a social media darling – and the company’s CEO says the company even gets product ideas from its audience.
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Disney shareholders have rallied behind longtime CEO Robert Iger. They voted Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney chief financial officer Jay Rasulo.
