Blue Apron tries to stave off delisting via deal with Weight Watchers
December 28, 2018
After announcing a partnership arrangement yesterday with WW (the former Weight Watchers) that will add new WW meals to the subscription service’s offerings, Blue Apron’s share price surged over 17 percent. With a closing price of 92 cents, however, the meal kit company is still in danger of having its stock delisted from NASDAQ unless it soon rises above $1 in value.
Recent News
Tesla Recalls Cybertruck Due to Stuck Accelerator Pedal
Tesla is recalling almost 4,000 Cybertrucks due to a sticking accelerator pedal. The problem stems from an unauthorized lubricant used during assembly, which reduces the pad’s grip on the pedal.
Trader Joe’s Recalls Organic Basil Product Linked to Salmonella Outbreak
The company’s Infinite Herbs Organic Basil product is recalled due to a possible salmonella contamination.
Procter & Gamble Reports Mixed Results After Price Hikes
Procter & Gamble’s recent quarterly results showed a mix of gains and setbacks. Despite facing challenges in attracting shoppers due to increased prices over the past two years, the company managed to exceed earnings expectations.
JetBlue and Southwest Airlines Collision Narrowly Avoided at Reagan National Airport
An air traffic controller instructed one plane to cross the runway at the same time a second plane was taking off.