Olam’s $1.3 bln deal for ADM’s cocoa business hits delays

CHICAGO, Aug 6 (Reuters) – Olam International Ltd’s $1.3 billion deal to acquire Archer Daniels Midland Co’s global cocoa business has been delayed for a second time, according to a U.S. regulatory…

New York police criticized for ‘weaponized marijuana’ videos

NEW YORK (Reuters) – The New York Police Department faced criticism on Thursday after it emerged that video clips it used to show the crazed affects of smoking synthetic marijuana were of men high on other drugs.

Seaworld’s Profits Drop 84% After Blackfish Documentary

Consumers are still turning their backs on SeaWorld. The embattled marine life theme park company reported steep drops in profits and attendance and on Thursday, marking more loss in the wake of the damning documentary Blackfish.

SeaWorld Entertainment has faced an 84% drop in net second-quarter income, from $37.4 million in 2014 to $5.8 million in 2015, in the second quarter. Revenue fell from $405.1 million to $391.6 million, a drop of 3%, in the second quarter of 2015 when compared to 2014.

The park saw 100,000 fewer visitors than it did at the same time in 2014, a decrease of 2%.

SeaWorld Entertainment blamed the fall in attendance on spring break tourism due to the timing of Easter, record wet weather in Texas, and what the company referred to as “brand challenges” in California. Visitors are still flocking to the SeaWorld location in Florida, on the other hand, which has been able to offset some of the lessened demand in other locations.

“We realize we have much work ahead of us to recover more of our attendance base, increase revenue and improve our performance as returning to historical performance levels will take time and investment,” SeaWorld President and CEO Joel Manby said in a statement.

The company has been struggling to maintain consumer interest in SeaWorld in the wake of Blackfish, which offered a grim look at life in captivity for Orca whales, and has launched a series of campaigns discounts to keep visitors interested.

 

How much Apple pays to protect Tim Cook

CEOs like Apple’s Tim Cook live and travel with their guards up — their companies, homes and families have protection worth hundreds of thousands of dollars; sometimes, millions.

Allergan CEO says better to leave discoveries to others

Aug 6 (Reuters) – Allergan, which is selling its generics business to focus on branded drugs and aesthetics products, aims to acquire or license products that have already shown promise in studies,…

Motorola Solutions investor says will support fair bid for company

Aug 6 (Reuters) – Motorola Solutions Inc’s second-largest shareholder, Orbis Investment Management Ltd, said it would support a sale if a “full and fair” offer was made for the company that makes…

Maine court upholds 65 new laws after governor misses veto deadline

(Reuters) – Maine’s top court ruled on Thursday that the state’s combative Republican governor, Paul LePage, had missed a deadline in July to veto 65 bills he had intended to block, and that those bills were now law.

VIDEO: Stradivarius violin stolen in 1980 found

A Stradivarius violin, stolen in 1980, has been recovered after a woman, having inherited it, had it appraised and discovered it had been illegally obtained.