(Corrects to show April rate is from 2023 not 2024 in paragraph 8) By Lisa Baertlein LOS ANGELES (Reuters) -A potential strike at U.S. seaports on the East Coast and Gulf of Mexico could back up cargo there for weeks or even months, shipping experts said on Wednesday. Retailers like Walmart and other importers have …
Possible US seaport strike could back up goods for months, shipping experts say Read More »
By Jonathan Stempel (Reuters) – PepsiCo can be sued for marketing its Gatorade protein bars as good for you though they have more sugar than protein and more sugar than typical candy bars, a federal judge ruled. In a decision on Wednesday, U.S. District Judge Casey Pitts in San Jose, California said three self-described fitness …
PepsiCo can be sued over health claims for Gatorade protein bars, judge says Read More »
By Ananya Mariam Rajesh (Reuters) -Chipotle Mexican Grill’s future may not be as bumpy as some shareholders fear upon the departure of CEO Brian Niccol, investors said. The burrito chain lost almost $6 billion in stock market value on Tuesday after it announced that Niccol will depart at the end of this month to become …
Chipotle investors see continued growth, steady leadership after CEO Niccol departs Read More »
MOSCOW (Reuters) – A Russian government commission has approved the extension of current export duties on sunflowers and soybeans through August 2026, Interfax news agency reported on Thursday, citing the Russian economy ministry. The sunflower export duty stands currently at 50% but no less than 32,000 roubles per metric ton, and the soybeans duty rate …
Russia to extend export duties on sunflowers, soybeans, Interfax report says Read More »
By Shubham Batra and Roshan Abraham (Reuters) -Britain’s equity indexes rose on Thursday as global markets cheered data that allayed concerns of a recession in the United States, while the UK economy grew in line with expectations. The blue-chip FTSE 100 closed 0.8% higher and the midcap FTSE 250 added 0.7%, both rising for a …
FTSE 100 rises as investors cheer easing US recession fears Read More »
By Ankika Biswas and Pranav Kashyap (Reuters) -Technology and bank shares led Europe’s benchmark stock index more than 1% higher on Thursday, with risk appetite boosted by strong U.S. retail sales data that eased fears of a slowdown in the world’s largest economy. The pan-European STOXX 600 closed at a two-week high, up 1.2% on …
European shares led higher by tech, banks as US slowdown fears ease Read More »
By Dimitri Rhodes and Olivier Sorgho (Reuters) -Payments company Adyen beat half-year core profit expectations on Thursday as it gained market share and slowed hiring, sending its shares up 12%. The digital payments sector faces pressures from lower post-pandemic consumer spending, but Adyen has outpaced peers with the help of clients such as U.S.-based Cash …
Adyen tops profit forecast on market expansion and slower hiring Read More »
(Reuters) -Carrier Global Corp said on Thursday it would sell its commercial and residential fire business to an affiliate of private equity firm Lone Star Funds in a deal valued at $3 billion, pressing ahead with the divestment of non-core assets to focus on its heating and cooling equipment businesses. The company sold its industrial …
Carrier Global to sell commercial and residential fire business in $3 billion deal Read More »
LONDON (Reuters) – Aldi UK, Britain’s fourth largest supermarket group, is to end its click and collect service that was introduced at the height of the pandemic, the company said on Thursday. Launched in September 2020, the service was initially introduced in response to the online grocery shopping boom that was fuelled by the COVID-19 pandemic lockdowns. …
LONDON (Reuters) – British workers produced 0.1% less per hour worked in the three months to June, compared with their output a year earlier, the Office for National Statistics said on Thursday. Output per hour worked was 2.1% higher than its average in 2019, the ONS added. (Reporting by David Milliken; editing by Sarah Young)
