‘Tis the season for food trucks, with the warm weather meaning comfortable lines and more customers. For Walmart, this is more the season of discontent, with opposition to the store in New York growing on the heels of the big box retailer’s Mexican corruption scandal. Even long-time allies like the Related Companies have apparently given up on the southern-fried discounters.
But Walmart has hit upon a novel way to work its way into the city, on board a modified food truck run by partner company Procter & Gamble.
For the next month, @PGmobile will, in the tradition of the great food trucks to come before it, set up shops on street corners across the five boroughs, tweeting out its location and asking for suggestions on where to go next. Eight different products will be on offer—at Walmart’s everyday low prices, of course—from Iams dog food to Gillette razers and Pampers diapers.
The Walmart name appears but once, tucked away on the bottom of the truck, and it is nowhere to be found on the associated Twitter feed.
Good for the Gupta
For anyone who’d like to see the bank executives who led America into the teeth of the financial crisis strung up by the laces of their Prada wingtips, a trip to the Southern District courthouse in Lower Manhattan may be a deflating experience.
The Observer had come to the federal courthouse seeking succor. Late last Read More
To the list of difficulties in prosecuting securities fraud, let’s just say people who’ve pleaded guilty to insider trading do not make the most credible witnesses.
Exhibit A: Michael Cardillo, a former-Galleon Group trader who is cooperating with the government’s case against Rajat Gupta, the one-time McKinsey & Co. CEO charged with feeding tips Read More
After 16 years presiding over white collar cases in the U.S. District Court’s Southern District, you’d think Judge Jed Rakoff would be hard to disallusion. Not so. It only took six days for the insider trading trial of Rajat Gupta—the former McKinsey & Co. CEO accused of tipping Galleon Group hedge fund manager Raj Rajaratnam to sensitive corporate secrets—to cause Mr. Rakoff to hang his head in dismay.
Ben Silverman’s newfangled “next generation studio” Electus announced today that it is teaming up with MTV, America Ferrera, and Procter & Gamble to create a interactive telenovella, titled Pedro & Maria. According to the release, Ms. Ferrera will executive-produce the series.
From today’s release:
The show is a bilingual, modern day Romeo & Juliet that Read More