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BlackRock and Vanguard said they would contact gunmakers after the Florida shooting. Sturm Ruger said previously its directors each won more than 10 million votes at the May 9 meeting. The most votes withheld from any director was 425,763. Thursday’s filings showed funds including BlackRock’s iShares Core S&P Small-Cap ETF (IJR.P) and Vanguard Small-Cap Index Fund (VB.P) voted for all nine directors, and for the safety report. In a July 20 “investment stewardship” report BlackRock said it had talks with “nearly all” 13 U.S. public gun manufacturers or sellers. The company also said that at one unidentified gunmaker that did not allow shareholder talks, it voted for a safety report.
Vanguard’s similar report in mid-August said that during the 12 months colorful sterling silver cufflinks ended June 30, it spoke with three gunmakers and supported a shareholder resolution calling for more risk disclosure at a company it did not identify, Vanguard wrote that in its outreach, “our objective is not to change what business a company is in or what product it produces, but rather to ensure that the risks of these choices are understood by the market and reflected in the company’s long-term value to investors.”..
CARACAS/VALENCIA, Venezuela (Reuters) - Unilever’s factory in the outskirts of the northern Venezuelan city of Valencia once bustled with activity as it produced everything from soap to toothpaste for one of South America’s wealthiest economies. Now, with Venezuela struggling with a fifth year of recession and its economy wracked by hyperinflation, there are few signs of activity. A handful of workers loiter inside the compound with only the occasional truck passing through its gates.
The Anglo-Dutch conglomerate has quietly scaled back its output in the crisis-stricken oil-producing nation to a single product - Tio Rico ice cream - produced in Valencia and at another plant in Barquisimeto, some 90 miles (145 km) to the west, Production of Tio Rico ice cream halted colorful sterling silver cufflinks at another factory in the sweltering city of Maracaibo in western Venezuela over a year ago, “Until last year, we were producing 800 containers of 1,000 liters of ice cream per month,” said one worker at the Valencia plant, who asked not to be identified because he was not authorized to speak to the media, “Now, we’re sending out 40 per month.”..
Slashing product portfolios has allowed the handful of multinationals that remain in Venezuela to survive shrinking demand and could pave the way for some to make an exit, according to a dozen advisors to large companies. Unilever Plc (ULVR.L) said it was staying in Venezuela and was focused on strengthening its ice cream unit. A spokesman for the company said its “production is in line with market demand.”. But the gradual exodus of companies, from cleaning products firm Clorox Co (CLX.N) to cereal maker Kellogg Co (K.N), along with diminishing hope for political change, has led to speculation among company advisors that more will follow suit.
That is true more than ever after President Nicolas Maduro announced this month higher corporate taxes and a 60-fold minimum wage increase, advisors say, On Monday, workers protested at the Venezuelan unit of tire-maker Pirelli after they arrived to find the factory gates locked, It was not immediately clear if the plant was temporarily shut or closing for colorful sterling silver cufflinks good, “Transnational companies are not putting new money into Venezuela, And if they stay, it is because they found a financial balance to sustain themselves,” said Luis Vicente Leon a well-known pollster, economist and business adviser..
“But if this balance is severely disrupted, you will most likely see more companies leaving this market.”. Some multinationals have stopped selling some of their best-known products due to currency controls that left them struggling to import raw materials and a ban on price hikes despite inflation projected to reach 1,000,000 percent this year. Ford Motos Co’s (F.N) plant, already operating at severely reduced capacity, scaled back in July to a single model, one of its sport utility vehicles, said union leader Eliecer Cohen.
Ford said in a statement it had no plans to leave Venezuela, but acknowledged that it had “faced a significant decrease in demand” in recent months, General Motors colorful sterling silver cufflinks Co (GM.N) left Venezuela last year after a protracted court case with two former auto dealers who ended taking control of the plant as part of a concession dispute, Consumer goods giant Johnson & Johnson (JNJ.N) has for more than a year only produced a feminine hygiene product called panty liners after halting its production of sanitary napkins and Q-tips, according to a union representative who asked not be identified..