On PR Newswire: Saudi Arabia Combats Corruption, The State of California’s Wine Harvest
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire for Journalists. Here are some of this week’s most newsworthy releases you might have missed.
The minister of culture and information, Dr. Awad bin Saleh Al-Awad stated on Nov. 5 that the royal decree to fight corruption is part of the kingdom of Saudi Arabia’s overall efforts to promote integrity and advance reform initiatives, under the leadership of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud. The minister added that Saudi Arabia’s leadership is unwavering in its efforts to protect public funds in order to sustain public welfare and healthy economic policies. To this end, all anti-corruption steps taken are for the reinforcement of transparency, accountability, and strong governance, as well as, to ensure a fair business and investment environment.
Broadcom Proposes to Acquire Qualcomm for $70 per Share in Cash and Stock in Transaction Valued at $130 Billion
Broadcom Ltd. announced on Nov. 6 a proposal to acquire all of the outstanding shares of Qualcomm Inc. for per share consideration of $70 in cash and stock. Under Broadcom’s proposal, the $70 per share to be received by Qualcomm stockholders would consist of $60 in cash and $10 per share in Broadcom shares. Broadcom’s proposal represents a 28% premium over the closing price of Qualcomm common stock on Nov. 2, the last unaffected trading day prior to media speculation regarding a potential transaction, and a premium of 33% to Qualcomm’s unaffected 30-day volume-weighted average price.
California’s 2017 wine harvest wrapped up early this fall following summer heat spurts and a growing season that saw significant rain throughout the state ending a five-year drought. While October wildfires in North Coast wine communities made international headlines, the state’s vineyards and wineries were not significantly affected. Napa, Sonoma and Mendocino counties, the regions most impacted, grow 12 percent of California’s winegrapes, and 90% percent of the harvest in Napa and Sonoma and 85% in Mendocino were already picked and in production at wineries before the fires.
CVS Pharmacy to Bring Prescriptions Right to Customers’ Doors with Nationwide Next-Day Delivery and Same-Day Delivery in Select Markets
CVS Pharmacy announced on Nov. 6 plans to bring prescriptions directly to patients’ doors with nationwide next-day delivery from CVS Pharmacy locations beginning in early 2018. Select cities will also offer same-day delivery within hours, allowing customers to keep all of their pharmacy needs with a trusted pharmacy partner while also having the option of getting their prescriptions delivered right to their door. “Our goal is to meet the needs of our all of our customers wherever, however and whenever they want,” said Helena Foulkes, executive vice president, CVS Health and president, CVS Pharmacy.
Remodelista.com on Nov. 8 announced the launch of its new sister website, The Organized Home (www.Organized-Home.com). Inspired by the upcoming book Remodelista: The Organized Home (Artisan Books; November 2017), the new site delivers simple, stylish storage and organizing solutions for every room and budget. “Storage and organization are universal, no matter your age or income level. The new Organized Home website is designed to share actionable tips, tricks, and inspirational content to help everyone from college students to seasoned homeowners create a meaningful, purposeful living space,” said Julie Carlson, Remodelista editor-in-chief and co-author of Remodelista: The Organized Home. “There is incredible interest in the subject; our readers are constantly tweaking their own spaces and looking for resources to create orderly lifestyles, especially in small space living situations.”
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Larry Grady is online content manager at PR Newswire for Journalists. He has worked in business media for nearly 30 years and enjoys reality TV and daydreaming about travel and wine.