(Reuters) -Brian Niccol took over as Starbucks’ CEO in August 2024, as the coffee chain struggled with weak demand for its pricey lattes in the U.S. and contemplated selling a stake in its China division. His turnaround strategy is predicated on cutting costs and enticing customers with a more welcoming coffeehouse experience – a campaign …
Reshaping Starbucks: Brian Niccol’s big moves in first year at helm Read More »
By Diana Novak Jones (Reuters) -Kimberly-Clark said on Monday it plans to acquire Band-Aid maker Kenvue, even as the latter company faces thousands of lawsuits involving its painkiller Tylenol and talc-based baby powder, raising questions about the scope of the liabilities Kimberly-Clark might inherit. Here is where those cases stand. TYLENOL On November 17, a …
Factbox-Kenvue’s legal risks loom over planned acquisition by Kimberly-Clark Read More »
By Jessica DiNapoli and Abigail Summerville NEW YORK (Reuters) -Kimberly-Clark’s nearly $50 billion offer for Tylenol maker Kenvue is a risky bet that the world’s biggest consumer market, the United States, will keep growing even as lower-income shoppers trim their budgets, according to analysts. The cash-and-stock deal, announced earlier on Monday, is set to close …
Kimberly-Clark’s $50 billion leap into health and beauty tests investor faith Read More »
(Reuters) -Commercial real estate investment trust Simon Property Group raised full-year forecast for real estate funds from operations on Monday, driven by resilient leasing demand across its shopping centers. The mall operator, which counts LVMH, the luxury conglomerate behind Louis Vuitton and Tiffany & Co, among its tenants, expects 2025 real estate FFO, a key …
Simon Property Group raises annual real estate FFO forecast on resilient leasing demand Read More »
(Reuters) -Oil and gas firm Coterra Energy missed Wall Street estimates for third-quarter profit on Monday, as lower oil prices offset a jump in production, but raised its annual production forecast. Shares of the company were down 3% at $23.66 in after-market trading. U.S. President Donald Trump’s trade policies fueled uncertainty across the energy industry, …
Coterra Energy misses quarterly profit, raises 2025 production forecast Read More »
By Sheila Dang HOUSTON (Reuters) -After starting up operations at four new refining and chemicals initiatives this year, Exxon Mobil is surveying more opportunities to revamp other sites, an executive told Reuters in a recent interview. The projects form what Exxon CEO Darren Woods has described as a wider strategy to turn low-value feedstocks into …
Exxon explores more refinery upgrades as it hones in on higher-value products Read More »
By Juveria Tabassum and Sriparna Roy (Reuters) -Kimberly-Clark is laying down $40 billion to buy Kenvue in a massive deal that has puzzled some investors as the Tylenol maker struggles with weak sales, lawsuits and White House attacks linking its painkiller to autism. Shares of Kimberly-Clark dropped sharply after the Monday announcement as stockholders scrutinized …
Kimberly-Clark bets $40 billion for Kenvue despite Tylenol controversy Read More »
HOUSTON (Reuters) -Energy technology company SLB launched a new artificial intelligence tool on Monday to automate processes and workflows for energy companies moving to leverage AI to unlock growth. SLB’s new technology, Tela, will be embedded into the company’s portfolio of applications and platforms, and users will interact through a simple conversational interface. Tela agents …
SLB launches new AI product as it focuses on digital sales growth Read More »
WASHINGTON (Reuters) -More than 3.2 million U.S. airline passengers have been impacted by delays or cancellations stemming from air traffic controller staffing issues since a government shutdown began on October 1, an airline group said on Monday. Airlines for America, which represents American Airlines, United Airlines, Southwest Airlines, Delta Air Lines, JetBlue Airways and other …
(Reuters) -The U.S. Supreme Court holds oral arguments on Wednesday over the legality of President Donald Trump’s tariffs imposed under a law called the International Emergency Economic Powers Act, or IEEPA, that never previously was used for such a purpose. Trump’s administration is hedging its bets by shifting its tariff push to other time-tested legal …
Factbox-Which of Trump’s tariffs could the US Supreme Court strike down? Read More »
