Daily business briefing

Wounded Warrior Project fires top two executives, Nestle recalls nearly 3 million frozen meals, and more Daily business briefing 1. [Wounded Warrior Project fires top two executives] The Wounded Warrior Project's board of directors [fired CEO Steven Nardizzi and COO Al Giordano] on Thursday in the wake of a CBS News investigation into the organization's lavish spending on parties and conferences. CBS found that the Wounded Warrior Project, which has raised more than $1 billion since 2003, spends 40 to 50 percent of donations on overhead, compared to overhead costs of 10 to 15 percent at other veterans charities. Former employees told CBS News the lavish spending started when Nardizzi took over as CEO in 2009. Source: [CBS News] 2. [Nestle recalls frozen pizzas and lasagnas] Nestle USA is [recalling nearly three million boxes] of frozen DiGiorno pizzas, Stouffer's lasagnas, and Lean Cuisine meals because customers have found glass in some packages of the foods. No injuries have been reported. Nestle said the glass might have gotten into spinach in the recalled boxes. The products include four varieties of pizzas, five Lean Cuisine meal types, four Stouffer's lasagnas, and one Stouffer's spinach souffle. The [full list] is available on the company's website. Source: [Chicago Tribune], [Nestle USA] 3. [Jury tells energy company to pay $4.2 million in fracking lawsuit] A federal jury ruled Thursday that Cabot Oil & Gas Co must pay two Pennsylvania families more than $4.2 million in damages for groundwater pollution from the company's fracking operations. The families are from Dimock, Pennsylvania, which was featured in the Emmy-winning 2010 anti-fracking documentary Gasland. The couples — Scott Ely and Monica Marta-Ely, and Ray and Victoria Hubert — fought Cabot for years. "If they had just done the right thing, it would have been so much easier for them," Scott Ely said. Source: [Reuters], [Philly.com] 4. [Ford upgrades armor on police cruisers] Ford said Thursday that it was upgrading shielding in doors on its police cruisers to protect against armor-piercing bullets. The move comes in the wake of numerous high-profile shootings of police officers and others with high-powered assault-type rifles. "Officers, globally, told us they needed protection from armor-piercing ammunition, and we added ballistic protection to an already great product," said Arie Groeneveld, chief engineer for Ford's police car lineup. Police often use car doors as shields in dangerous situations, including shootouts. Source: [USA Today] 5. [Anadarko to cut 1,000 jobs in oil downturn] Anadarko Petroleum Corp. is laying off about 1,000 workers as low oil and gas prices continue to shake up the industry. The job cuts mark the latest in a series of cost reductions at the third largest U.S. natural gas producer. Andarko already has made plans to idle rigs, cut dividends, and sell some assets. U.S. shale drillers from Devon Energy Corp. to Chesapeake Energy Corp. also have announced layoffs in a crisis that has cost more than 250,000 jobs globally. Source: [Bloomberg] MOST POPULAR [The blight of the 401(k)s] Ryan Cooper [What really shaped Hillary Clinton and Bernie Sanders] Paul Waldman [Donald Trump's surprisingly presidential debate] Ryan Cooper [How Christianity explains Trump] Pascal-Emmanuel Gobry [The GOP's four horsemen] James Poulos CAPTURED: A PHOTO BLOG Jackie Friedman [The languid beauty of baseball] [Is this email not displaying correctly? View it in your browser.] [Unsubscribe from this list] | [Update subscription preferences] | [Privacy Policy © 2015 THE WEEK PUBLICATIONS, INC. ALL RIGHTS RESERVED. THE WEEK ® IS A REGISTERED TRADEMARK OWNED BY FELIX DENNIS.] Get 4 Risk-Free [issues of The Week] [TRY IT OUT] [Subscribe] [Subscriber login] [Give a gift] [Back issues] [Classroom subscriptions] [Newsletters] [Privacy policy] [Terms & conditions] [The Week UK] [Contact Us] [Ad info] [RSS] Daily business briefing 1.[Wounded Warrior Project fires top two executives] The Wounded Warrior Project's board of directors [fired CEO Steven Nardizzi and COO Al Giordano] on Thursday in the wake of a CBS News investigation into the organization's lavish spending on parties and conferences. CBS found that the Wounded Warrior Project, which has raised more than $1 billion since 2003, spends 40 to 50 percent of donations on overhead, compared to overhead costs of 10 to 15 percent at other veterans charities. Former employees told CBS News the lavish spending started when Nardizzi took over as CEO in 2009. Source: [CBS News] 2.[Nestle recalls frozen pizzas and lasagnas] Nestle USA is [recalling nearly three million boxes] of frozen DiGiorno pizzas, Stouffer's lasagnas, and Lean Cuisine meals because customers have found glass in some packages of the foods. No injuries have been reported. Nestle said the glass might have gotten into spinach in the recalled boxes. The products include four varieties of pizzas, five Lean Cuisine meal types, four Stouffer's lasagnas, and one Stouffer's spinach souffle. The [full list] is available on the company's website. Source: [Chicago Tribune], [Nestle USA] 3.[Jury tells energy company to pay $4.2 million in fracking lawsuit] A federal jury ruled Thursday that Cabot Oil & Gas Co must pay two Pennsylvania families more than $4.2 million in damages for groundwater pollution from the company's fracking operations. The families are from Dimock, Pennsylvania, which was featured in the Emmy-winning 2010 anti-fracking documentary Gasland. The couples — Scott Ely and Monica Marta-Ely, and Ray and Victoria Hubert — fought Cabot for years. "If they had just done the right thing, it would have been so much easier for them," Scott Ely said. Source: [Reuters], [Philly.com] 4.[Ford upgrades armor on police cruisers] Ford said Thursday that it was upgrading shielding in doors on its police cruisers to protect against armor-piercing bullets. The move comes in the wake of numerous high-profile shootings of police officers and others with high-powered assault-type rifles. "Officers, globally, told us they needed protection from armor-piercing ammunition, and we added ballistic protection to an already great product," said Arie Groeneveld, chief engineer for Ford's police car lineup. Police often use car doors as shields in dangerous situations, including shootouts. Source: [USA Today] 5.[Anadarko to cut 1,000 jobs in oil downturn] Anadarko Petroleum Corp. is laying off about 1,000 workers as low oil and gas prices continue to shake up the industry. The job cuts mark the latest in a series of cost reductions at the third largest U.S. natural gas producer. Andarko already has made plans to idle rigs, cut dividends, and sell some assets. U.S. shale drillers from Devon Energy Corp. to Chesapeake Energy Corp. also have announced layoffs in a crisis that has cost more than 250,000 jobs globally. Source: [Bloomberg] MOST POPULAR [The blight of the 401(k)s] Ryan Cooper [What really shaped Hillary Clinton and Bernie Sanders] Paul Waldman [Donald Trump's surprisingly presidential debate] Ryan Cooper [How Christianity explains Trump] Pascal-Emmanuel Gobry [The GOP's four horsemen] James Poulos CAPTURED: A PHOTO BLOG Jackie Friedman [The languid beauty of baseball] [Is this email not displaying correctly? View it in your browser.] [Unsubscribe from this list] | [Update subscription preferences] | [Privacy Policy] © 2015 THE WEEK PUBLICATIONS, INC. ALL RIGHTS RESERVED. THE WEEK ® IS A REGISTERED TRADEMARK OWNED BY FELIX DENNIS. Get 4 Risk-Free [issues of The Week] [TRY IT OUT]