Griffith Foods Recognized as a 2025 Best Managed Company
The 2025 designees are U.S. private companies that have demonstrated excellence in strategic planning and execution, a commitment to their people, as well as maintaining financial performance and governance. Designees drove their businesses forward while remaining dedicated to their people and focusing on their customers. Advanced technology including AI took a center role for most of these companies, to create efficiencies and enhance the quality of products and experiences.
Applicants are evaluated and selected by a panel of external judges focused on assessing hallmarks of excellence in four key areas: strategy, ability to execute, corporate culture and governance/financial performance. They join a global ecosystem of honorees from more than 44 countries recognized by the Best Managed Companies program.
About the Best Managed Companies Program
The Best Managed Companies program is a mark of excellence for private companies. U.S. designees have revenues of at least $250 million. Hundreds of private companies around the world have competed for this designation in their respective countries through a rigorous and independent process that evaluates four key criteria in their management skills and practices — strategy, execution, culture and governance/financials. U.S. program sponsors are Deloitte Private and The Wall Street Journal For more information, visit www.usbestmanagedcompanies.com.
About Griffith Foods
Griffith Foods is the caring, creative product development partner helping food companies meet the evolving needs of consumers while sustaining the planet. As a family business founded in 1919 and headquartered in Alsip, Illinois USA, Griffith Foods is known for true, collaborative innovation guided by their Purpose of 'We Blend Care and Creativity to Nourish the World'. The company's product capabilities range from seasonings and marinades to coating systems and sauces that are better for people and better for the planet. For more information, visit www.griffithfoods.com.
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Wall Street Journal
18 minutes ago
- Wall Street Journal
Hamas Accepts Temporary Cease-Fire Proposal - What's News
Full Transcript This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Sabrina Siddiqui: Hamas accepts a temporary ceasefire after rejecting a proposal to end the war. Anat Peled: This plan really comes with this looming Israeli threat of basically a military invasion and takeover of Gaza City, where hundreds of thousands of Palestinians are believed to be sheltering and some Israeli hostages are believed to be held. Sabrina Siddiqui: Plus, Home Depot says it will raise some prices due to tariffs. And a leading pediatrics group is recommending Covid shots for young children, diverging from federal health guidelines. It's Tuesday, August 19th. I'm Sabrina Siddiqui for The Wall Street Journal covering for Alex Ossola. This is the PM edition of What's News, the top headlines and business stories that move the world today. Home building in the US increased last month, contradicting expectations that it would fall amid a fragile housing market. According to a report released by the Commerce Department today, housing starts, a gauge of new residential construction, rose to 1.428 million in July from an upwardly revised 1.358 million in June. Economists polled by The Wall Street Journal had anticipated a lower 1.3 million starts. Today's report says the housing starts were 12.9% higher than a year earlier. But residential permits, another measure of trends in housing construction, fell short of forecasts and slipped to 1.354 million from a downwardly revised 1.393 million in June. The National Association of Home Builders said the increase in housing starts occurred despite a slight decline in builder sentiment due to persistently high mortgage rates. Tariffs will soon start hitting some price tags at Home Depot. The home improvement retailer said it will raise prices on some items due to tariffs, reversing an earlier position. In an interview, Chief Financial Officer Richard McPhail said there will be some modest price movement for some categories. The company said that 50% of its products are sourced domestically and aren't subject to tariffs. Wall Street Journal reporter, Nicholas Miller, joins me now to discuss. Nicholas, the company previously said it wouldn't raise prices as a result of tariffs. What changed and what do they now anticipate the impact of tariffs to be? Nicholas Miller: The simple answer is that just tariffs are a lot higher right now than they were in May. In May, they said they were going to try to hold prices and work with suppliers that they don't have to pass tariff costs on to consumers. But they talked today about how they'll be having some modest price increases in certain categories. They said it won't be broad based, but that certain categories, particularly the ones that are impacted by tariffs, will see some modest price increases. They did say that they're still accelerating their supply chain transition to avoid too much exposure to one country. But yeah, this kind of admission that they were going to hike prices a little bit is definitely a notable shift from last quarter. Sabrina Siddiqui: How does Home Depot see the current market and consumer behavior? Nicholas Miller: Home Depot mostly talked today about consumers being unwilling to undertake those larger projects. So they're saying they're still seeing demand for small projects, small renovation projects, but not big renovations. And the company said the number one reason for that was general economic uncertainty, people being unwilling to make some of those big expenditures, not knowing what the future of the economy looks like. And then the second reason they gave was high interest rates. A lot of those big renovations are funded through debt financing and that kind of thing, and whereas the smaller projects are through cash. Just because of high interest rates, it's really pretty expensive to take on debt right now. Home Depot also talked about how home equity values have really skyrocketed in the last couple of years. So theoretically that should give people a lot of the money that they can tap into to fund renovations and that kind of thing. But they're seeing customers do that at very low levels compared with history. And the company talked about potentially seeing a boost when interest rates are lowered and the housing market picks back up. And they also referenced how the tax law Trump recently passed could maybe put discretionary money in consumers pockets, but for now, they're still in wait and see mode. Sabrina Siddiqui: Nicholas Miller is a reporter at The Wall Street Journal. Nicholas, thank you. Nicholas Miller: Thank you so much. Sabrina Siddiqui: Stocks fell in US markets. The Nasdaq was dragged down nearly 1.5% by declines in all Magnificent Seven stocks. The S&P declined 0.6%, closing near its lows on the day, and the Dow ended the day marginally higher 0.02%. NorthWestern Energy Group and Black Hills have agreed to combine to form a large $7.8 billion regulated electric and natural gas utility company. The announcement comes at a time of climbing energy demand across the US. In a joint statement today, the two companies said that their boards approved a definitive agreement to combine in an all stock tax-free merger with a combined enterprise value of $15.4 billion. The merger will create a utility serving roughly 2.1 million customers across eight states. And Alphabet's Google has offered to change terms and conditions for developers using its Play Store in a bid to stave off a potential fine under European Union tech rules. In a blog post today, Google said it would alter developer fees for app downloads and make it easier to lead users to deals and offers outside of its own app store. Google said it would allow developers to steer users to app purchases outside of the Play Store through their own websites and introduced an alternative fee structure for those developers. But the company warned that links leading outside the Play Store can expose users to security threats. The move comes after the European Commission, the EU's executive arm and antitrust watchdog, told Google earlier this year that it believed current Play Store rules might be in breach of the bloc's relatively new rulebook designed to reign in Big Tech market power. Coming up, Hamas has accepted a proposal for a temporary ceasefire in Gaza. How will Israel respond? That's after the break. Hamas has accepted a proposal for a temporary ceasefire in Gaza and the release of Israeli hostages in exchange for hundreds of Palestinian prisoners. The proposal which is similar to terms offered by Israel in July, follows a round of tense talks over the weekend in Cairo between Palestinian factions and officials from Egypt and Qatar. Israel is currently weighing whether to accept the deal and will likely give a response later this week. Anat Peled, a Wall Street Journal reporter in Tel Aviv has the story. Anat, you reported that this offer is very similar to a proposal from Israel last month. What has changed for Hamas since then? Anat Peled: Since the last proposal, Hamas has come slightly more to Israel's position. It's softened its terms on a few issues, including agreeing to accept a lower number of Palestinian prisoners from Israeli prisons, and also has agreed to a larger Israeli buffer zone inside Gaza as Israel wants. But it still demands an end to the war, which is something that Israel for a long time was not willing to commit to. It has vowed to fight the Hamas militant group until it's completely defeated. Sabrina Siddiqui: What are some of the other terms that are outlined in this latest plan from Hamas? Anat Peled: It's pretty straightforward. It's a sixty-day ceasefire where basically Israel would receive about half of the living remaining hostages, which is 10, and the bodies of deceased hostages. And then it would be an exchange for a temporary ceasefire of 60 days and Palestinian prisoners. And according to the proposal, on the first day when they go into this agreement, they would start talking and negotiating for a second phase, which would be a lasting ceasefire. So an end to the war, which is really what Hamas has been adamant about. Sabrina Siddiqui: Based on your reporting, are these terms enough for Israel to accept the plan? Anat Peled: We're unsure how Israel's going to respond. Israel is supposed to hand over its response to the mediators by the end of the week. It comes after Israeli Prime Minister, Benjamin Netanyahu, indicated that he did not want any more partial deals, wanted to go for one big deal to end everything, but they have not ruled it out so far. And it is important to note that Israel is right now facing increased international pressure. So we're seeing that from many European countries that are very worried about the dire humanitarian crisis in Gaza, including widespread hunger. And then you also have increasing domestic pressure where we're seeing about 80% of Israeli public opinion supports ending the war in exchange for the remaining hostages. And we saw some of the largest protests since the start of the war with hundreds of thousands of Israelis taking to the streets on Sunday, calling to end the war. Sabrina Siddiqui: You mentioned the dire conditions on the ground in Gaza. What would this plan mean for the delivery of humanitarian aid and also for Israel's stated plans to take control of Gaza City? Anat Peled: This plan really comes with this looming Israeli threat of basically a military invasion and takeover of Gaza City, where hundreds of thousands of Palestinians are believed to be sheltering and some Israeli hostages are believed to be held. Israel's plan, as we understand it according to Israeli and Egyptian officials, is to basically move all of the population of Gaza City to Rafah, where Israel plans to establish this tent city, moving the population to an ever-shrinking territory inside Gaza because Israel says that it controls about 75% of the strips. So this would be further displacing them. We're not quite sure what it means for humanitarian aid. Humanitarian aid, it's been in the spotlight recently because we have the UN aid coming in, but we also have this privatized system of aid that's run by the Gaza Humanitarian Foundation, which is backed by Israel and the US. And that's been a pretty controversial system, and Hamas has not been a fan of that. So we need to still see how that's going to play out in negotiations. Sabrina Siddiqui: Anat Peled is a reporter for The Wall Street Journal based in Tel Aviv. Anat, thank you. Anat Peled: Thanks for having me. Sabrina Siddiqui: And finally, the American Academy of Pediatrics is recommending parents vaccinate their young children against Covid in a departure from current federal health leaders who have questioned the need for Covid shots for kids, and shifted the guidance. The prominent pediatrician group released its immunization guidelines today and recommended Covid shots for all children ages six months through 23 months. The group said children in that age group are particularly vulnerable to severe Covid infections and that the vaccines would protect them from serious illness. The guidance differs from that of the Centers for Disease Control and Prevention, which now recommends parents of children ages six months to 17 years old talk about the risks and benefits of the Covid vaccine with their doctors. The agency previously recommended adults and children ages six months and older get Covid vaccines, but that changed this year under the leadership of Health and Human Services Secretary Robert F. Kennedy Jr., a longtime vaccine skeptic. A Health and Human Services spokesman, said in a statement that the Academy is "undermining national immunization policymaking with baseless political attacks." And that's what's news for this Tuesday afternoon. Today's show was produced by Pierre Bienaimé with supervising producer, Michael Kosmides. I'm Sabrina Siddiqui for The Wall Street Journal. We'll be back with a new show tomorrow morning. Thanks for listening.
Yahoo
2 hours ago
- Yahoo
1 in 6 workers pretend to use AI amid workplace pressures, survey finds
This story was originally published on HR Dive. To receive daily news and insights, subscribe to our free daily HR Dive newsletter. As more U.S. workplaces adopt artificial intelligence tools, 1 in 5 workers say they feel pressured to use it in situations they're unsure about — and 1 in 6 say they sometimes pretend to use AI, according to a recent survey from Overall, 75% of workers said they're expected to use AI at work, whether officially or unofficially. Although most workers said they agree with their leadership's approach to AI, others said they feel pressured and uncomfortable, and some said they pretend to use it rather than push back. 'Artificial intelligence (AI) is taking over the white collar workspace as a daily updates provide opportunities to optimize,' according to the report. 'However, potential does not always lead to smooth implementation.' In a survey of more than 1,000 full-time U.S. professionals, 59% said they use AI at least daily. While two-thirds said they feel energized by integrating AI into their workflow, 1 in 10 said AI has damaged their sense of self-worth at work. In general, 84% of workers said they feel more productive using AI, and 71% said they know how to use it efficiently. Most AI users reported less burnout, less work stress and better job satisfaction. Nearly a third said they feel less lonely, and a quarter said they collaborate more. In contrast, some workers said they struggle to keep up, with 1 in 4 feeling 'often' or 'always' overwhelmed with AI developments. A third also said that learning, using and checking AI takes as much time as their previous approach to work. Among those expected to use AI at work, 25% said they haven't received any training. Another quarter said they received formal training, and a third were given dedicated time at work to learn AI skills. For some U.S. employers, an AI development disconnect has emerged, where some workers pretend to understand the technology and others decline to prioritize AI learning and development opportunities. HR professionals can help by implementing programs that build AI fluency, tailoring initiatives to employees' skill levels and personalizing career paths, Deloitte AI leaders say. HR teams can also identify future-critical skills and create pathways for employees to transition into AI-augmented roles. Recommended Reading How companies are planning for AI disruption
The Hill
4 hours ago
- The Hill
Nearly 1 in 3 businesses plan to raise prices within six months: Report
Nearly a third of U.S. businesses are likely to increase prices by the end of the year as they continue to adjust to rising costs and inflation, a new report found. More than 30 percent of businesses surveyed by LendingTree said they expect their prices will be higher in six months than they are now. About 5 percent said that their prices will go down, while 65 percent said they will stay the same. The findings come amid uncertainty over President Trump's long-awaited tariff rollout this year and continued pressure from inflation. 'Tariffs are likely playing a significant role in these concerns, but so is the overall sense of uncertainty that remains in the American economy,' LendingTree chief consumer finance analyst Matt Schulz said in a release on the report's findings. 'There are so many unknowns that it's nearly impossible to predict what the next few weeks will look like, much less six months from now.' he continued. 'However, this report makes it clear many businesses see continued rising prices ahead.' The Wall Street Journal reported Tuesday that modest price hikes will soon hit home improvement retailer Home Depot, despite the company's efforts to lessen the impact of tariffs by relying on domestic products and diversifying its supply chain. Economists and political strategists have sounded alarms about escalating costs throughout the year, after Trump promised to drive down prices if elected. Businesses in Rhode Island, New Hampshire, Montana, Washington, Oregon and Vermont were most likely to say they expect to increase prices in the coming months, with more than 36 percent in each state reporting that they will likely make adjustments, according to the polling. Businesses in West Virginia, Mississippi, Arkansas, Alabama, Washington, D.C., New Mexico, Indiana, South Dakota, Louisiana and Nebraska were the least likely, though more than 20 percent in each reported some anticipated price hikes, the data shows. More than half of the companies surveyed across the country said they expect their own costs for goods and services to increase over the next six months, impacting their bottom lines if they resist raising prices. 'Pricing pressure may force other choices, such as staffing reductions, in the hopes of remaining competitive,' Schulz said. LendingTree's researchers conducted the surveys from June 2-15, and analysts relied on data from the U.S. Census Bureau Business Trends and Outlook Survey for their findings.
