A roundup of the most newsworthy press
releases from PR Newswire this week, including Red Lobster's
Chapter 11 filing, Target's price cuts and the 2024 Best Places to
Live rankings.
NEW
YORK, May 24, 2024 /PRNewswire/ -- With
thousands of press releases published each week, it can be
difficult to keep up with everything on PR Newswire. To help
journalists and consumers stay on top of the week's most newsworthy
and popular releases, here's a recap of some major stories from the
week that shouldn't be missed.
The list below includes the headline (with a link to the full
text) and an excerpt from each story. Click on the press release
headlines to access accompanying multimedia assets that are
available for download.
- Red Lobster Files Voluntary Chapter 11 Petitions to
Strengthen Financial Position and Maximize Value for
Stakeholders
The Company intends to use the proceedings to drive operational
improvements, simplify the business through a reduction in
locations, and pursue a sale of substantially all of its assets as
a going concern. As part of these filings, Red Lobster has entered
into a stalking horse purchase agreement pursuant to which Red
Lobster will sell its business to an entity formed and controlled
by its existing term lenders.
- PepsiCo Beverages North America Announces California-Based
Electric Fleet will More Than Triple with Latest Deployment
In the next several months, fifty Class 8 Tesla Semi trucks will
operate out of its manufacturing and distribution facility in
Fresno, Calif., and 75 Ford
E-Transit electric vans will step-change the electrification of its
equipment services fleet across the state.
- Target Will Help Consumers Save Big by Lowering Prices on
5,000 Frequently Shopped Items
Consumers will enjoy savings on everyday items such as milk, meat,
bread, soda, fresh fruit and vegetables, snacks, yogurt, peanut
butter, coffee, diapers, paper towels, pet food and more. These
price reductions will collectively save consumers millions of
dollars this summer.
- Tech Companies Announce A New Coalition To Fight Online
Fraud & Pig Butchering Scams
Tech Against Scams includes leading tech firms, Match Group,
Coinbase, Meta, and Ripple who will work together to help prevent
and disrupt financial scams throughout the lifecycle of a
scam.
- U.S. News Releases the 2024-2025 Best Places to Live
Rankings
"Rising concerns about career prospects, housing affordability and
increased cost of goods and services are reflected in this year's
rankings," said Erika Giovanetti,
loans expert and reporter, U.S. News & World Report. "While
quality of life remains the top priority for many Americans, a
city's value and job market are becoming increasingly important for
those looking for a place to live."
- Nvidia, 3M, Fidelity, Sony,
Adidas top 2024 Axios-Harris Poll 100 with best reputation; 70% of
companies decline
Social media platforms and companies viewed as politically
polarizing are the ones with the poorest reputations or that
suffered the steepest declines. This year, The Trump Organization,
X (formerly Twitter), Spirit Airlines, Meta/Facebook and Fox
Corporation are at the bottom of the 26th annual list, with poor
reputations.
- Cheez-It® Opens the Cheez-In Diner Serving a Full Menu of
Delicious, Absurdly Cheezy Classics to Kick Off Summer Road Trip
Season
The brand's latest outpost features Cheez-It® infused fare
including a Deluxe Cheez-It Milkshake and one-of-a-kind experiences
like a jukebox that plays for Cheez-It crackers instead of
coins.
- Wilson Sporting Goods Doubles Down on Women's Game by
Signing Caitlin Clark
Wilson will roll-out signature basketball collections celebrating
Clark's continued legacy, as well as work with her to innovate
product across the WNBA, NBA and basketball at large– further
cementing her impact on the world of sport.
- Michelle Obama's When We All
Vote Will Bring Voting to the Culture and Engage Voters Across the
Country This Summer
The Culture of Democracy Tour brings voting to popular culture
through events, sweepstakes, campaigns, voter registration drives
and more in partnership with the organization's thousands of
volunteers and partners.
- Dell Technologies Expands Dell AI Factory with NVIDIA to
Turbocharge AI Adoption
"Generative AI requires a new type of computing infrastructure – an
AI factory that produces intelligence," said Jensen Huang, founder
and CEO, NVIDIA. "Together, NVIDIA and Dell are providing the
world's industries with a full-stack offering – including
computing, networking and software – that drives the copilots,
coding assistants, virtual customer service agents and industrial
digital twins of the digital enterprise."
- BofA Study: Percentage of American Workers Feeling
Financially Well Rises to 47%
Meanwhile, the gap in financial wellness between men and women
continues to grow, with 53% of men reporting good financial
wellness compared to 36% of women. In addition, employees expressed
concern about inflation, with 76% of workers saying that the cost
of living is outpacing growth in their salary or wages, compared to
67% in June 2023.
- PetSmart Searches for Next 'Chief Toy Tester' Offering
$20,000 to the New Team
Members
Each quarter of their one-year commitment, the Chief Toy Testers
will receive boxes full of the newest toys, treats, and yes,
costumes, as well as apparel. The Chief Toy Testers will share
their official product reviews on social media to let all pets out
there know which new toys and treats they must-have.
- Nestlé Introduces Vital Pursuit Brand to Support GLP-1
Users, Consumers Focused on Weight Management
The products are high in protein, a good source of fiber, contain
essential nutrients, and they are portion-aligned to a weight loss
medication user's appetite. The new line is also well-suited to
support a balanced diet for anyone on a weight management
journey.
Read more of the latest releases from PR Newswire and
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