By Jonathan Stempel NEW YORK (Reuters) -Duracell has sued Energizer, accusing its rival of misleading consumers in a nationwide TV and online ad campaign about whose alkaline batteries last longer. In a complaint filed in Manhattan federal court, Duracell, owned by Warren Buffett’s Berkshire Hathaway, said it has suffered irreparable harm and lost customer goodwill …
Duracell sues Energizer over battery life claims Read More »
By Mike Dolan LONDON (Reuters) -What matters in U.S. and global markets today I’m excited to announce that I’m now part of Reuters Open Interest (ROI), an essential new source for data-driven, expert commentary on market and economic trends. You can find ROI on the Reuters website, and you can follow us on LinkedIn and X. World markets …
Morning Bid: Markets calm as Israel-Iran war rages Read More »
TOKYO (Reuters) -Nissan Motor CEO Ivan Espinosa said the automaker plans to reduce its stake in French partner Renault, the Nikkei business newspaper reported on Monday. Nissan and Renault had said in March they had agreed to reduce their required minimum stake in each other to 10% from 15%. Under their agreement, any share sale …
Nissan plans to reduce stake in Renault, CEO Espinosa tells Nikkei Read More »
By Hannah Lang (Reuters) -Certain public companies, including one founded by President Donald Trump, have been going on a cryptocurrency buying spree, capitalizing on higher token prices and a softening regulatory environment to load up on the attention-grabbing investment. Sixty-one publicly-listed companies not primarily engaged in digital assets have adopted what are known as bitcoin …
Explainer-What are bitcoin treasury strategies, the latest trend in the public markets? Read More »
(Reuters) -Australia’s Bega Cheese said on Monday it plans to seek informal regulatory approval for the acquisition of peer Fonterra’s Oceania business, even as the latter said it aims to sell its global consumer and integrated businesses, including Oceania and Sri Lanka, as a whole. New Zealand-based Fonterra said in an emailed statement to Reuters …
Bega Cheese seeks informal clearance for Fonterra Oceania bid as full asset sale looms Read More »
By Scott Murdoch and Emily Chow (Reuters) -Australia’s second-largest gas producer Santos said on Monday it intended to support an all-cash $18.7 billion takeover bid from an international consortium led by Abu Dhabi’s National Oil Company (ADNOC), which wants to grow a global gas business. Santos shares jumped 11% by the close on Monday, but …
ADNOC leads $18.7 billion proposal to buy Australia’s Santos in LNG push Read More »
SINGAPORE (Reuters) – Abu Dhabi’s National Oil Company (ADNOC), looking to grow a global gas business, is leading a proposed $18.7 billion takeover of Australia’s second-largest independent gas producer, Santos, which has backed the planned bid. Below are key details on Santos’ production and reserves in million barrels of oil equivalent (mmboe), its domestic and …
Factbox-Australia’s Santos targeted by ADNOC-led consortium Read More »
BANGKOK (Reuters) -Thailand’s commerce minister on Monday said his country would have trade talks with the United States and expressed confidence both sides could agree on good terms on tariffs, possibly as low as 10%. Pichai Naripthaphan told reporters he expected the talks would go well. He said Thai and U.S. officials would hold talks …
Thai commerce minister confident of negotiating U.S. tariffs as low as 10% Read More »
(Reuters) -Estee Lauder said on Sunday that its chairman emeritus, Leonard Lauder, died on Satuday at the age of 92. Lauder joined the company in 1958 and played a key role in transforming the business from a handful of products sold under a single brand in U.S. stores to a multi-brand cosmetics giant. He was …
Estee Lauder Chairman Emeritus Leonard Lauder dies at 92 Read More »
By Tim Kelly TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba heads to Canada on Sunday for trade talks with U.S. President Donald Trump, hoping to persuade him to drop trade tariffs that have imperilled Japan’s auto companies and threaten to undermine his fragile government. The two are expected to meet on the sidelines of a …
Japan’s Ishiba heads to G7 to press Trump to drop auto tariffs Read More »
