Nestle Is the Latest Food Manufacturer to Be Hit By a Global Slowdown
Nestle became the latest company to be hit by the global slowdown affecting food manufacturers after posting its weakest underlying sales growth in more than a decade. The Swiss food giant on Thursday cut its outlook for the year, saying it now expected its full-year sales to rise by 3.5% after posting an increase of 3.3% for the first nine months. It previously said it expected full-year organic sales to rise by around 4.2%. Its shares were indicated 1.7% lower in pre-market activity. Like oth..>> view originalDunkin' Brands reports revenue below estimates
Yahoo urges US to publish surveillance order
Image copyright Getty Images Image caption The firm was accused of secretly scanning millions of its users' email accounts Yahoo has called on the US government to publish a surveillance order it received so it can respond to claims it scanned its users' emails. Earlier this month, a news report claimed the firm monitored millions of incoming messages on behalf of intelligence officials. Chief executive Marissa Mayer was also criticised for not appeal..>> view originalEurope Stock Traders Waiting for ECB Send Hedging Costs to Lows
European equities were little changed on Thursday, before the European Central Bank gives its policy update. That’s something that traders have gotten used to.The benchmark Stoxx Europe 600 Index has traded in a tight, 14-point range since the last ECB gathering, when President Mario Draghi downplayed the need for additional stimulus. As expectations for equity swings tumbled, so did the cost of options protecting against volatility, with a gauge trading near its lowest levels in almost six mon..>> view originalGlencore Sells Coal Rail Unit for $873 Million to Cut Debt
Glencore Plc, the world’s biggest commodity trader, sold its coal haulage unit in Australia to U.S. railroad operator Genesee & Wyoming Inc. for A$1.14 billion ($873 million) as part of a broader plan to almost halve its debt.The sale of the unit known as GRail forms a “significant part” of the debt-reduction program, the Baar, Switzerland-based trader and miner said in a statement Thursday. The sale price exceeds the company’s earlier target of A$1 billion for GRail, the third-biggest coal hau..>> view originalHow Silicon Valley Treats a Trump Backer: Peter Thiel
SAN FRANCISCO — Peter Thiel made a relatively modest investment in the presidential candidacy of Donald J. Trump, but it is generating a major uproar in Silicon Valley.Mr. Trump is toxic among technology investors and entrepreneurs. The news last weekend that Mr. Thiel was giving $1.25 million to the Republican’s campaign is provoking outrage. And tech executives who work with the billionaire investor are being forced to explain why they plan to continue to do business with him.Now Mr. Thiel wi..>> view originalIntel Gets Boost in EU Battle Over $1.16 Billion Antitrust Fine
Intel Gets Boost in EU Battle Over $1.16 Billion Antitrust Fine October 20, 2016 — 3:54 AM EDT October 20, 2016 — 4:23 AM EDT Intel Corp.’s fight to overturn a record 1.06 billion-euro ($1.16 billion) European Union antitrust fine received a boost from an adviser to the bloc’s top court in a case that could have ramifications for a growing list of disputes involving U.S. tech giants from Google to Apple Inc.Intel’s appeal should be totally reviewed by a lower court, which was wrong to r..>> view originalMy View: Trump right about immigration
Nissan Completes Takeover of Mitsubishi Motors, Keeping Its Embattled Chief
Nissan Motor said on Thursday it had completed a deal to take a controlling stake in Mitsubishi Motors, and would be retaining the embattled automaker’s chief executive to ensure its recovery from a mileage cheating scandal. Japan’s No. 2 automaker has agreed to make a 237 billion yen ($2.29 billion) investment to acquire a 34% stake in Mitsubishi Motors, making it the single largest shareholder in its smaller peer. The deal will make Mitsubishi Motors mmtof a member of an alliance betwe..>> view originalWealthy shoppers are spending more on almost everything ... except this
Sure, their items cost more. But the struggles of the high-end retail market aren't all that different from its lower-price counterparts. As wealthy shoppers shell out more of their money on fancy cars and travel, luxury handbags and other personal high-end goods are being left behind. According to a new report by Bain and Altagamma, the global luxury goods market is rising 4 percent this year, to 1.08 billion euros. Yet personal luxury goods are one of two categories expected to contract..>> view original
Tuesday, November 1, 2016
Nestle Is the Latest Food Manufacturer to Be Hit By a Global Slowdown and other top stories.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment