Business News
Big Ag turns to peas to meet soaring global protein demand
(Reuters) – Cargill, the global grains trader, sees the future of protein in the humble pea.
Year: 2018
Business News
Wall Street opens lower as tech stocks weigh
(Reuters) – U.S. stocks opened slightly lower on Friday due to losses in technology stocks including Applied Materials and Alphabet, while investors kept a close watch on U.S.-China trade talks.
Business News
Campbell Soup cuts earnings forecast; CEO steps down abruptly
(Reuters) – Campbell Soup Co Chief Executive Officer Denise Morrison will step down, the company said on Friday, while also cutting its full-year earnings forecast due to costs related to its acquisition of snacks maker Snyder’s-Lance.
Business News
Apple pays Ireland first tranche of disputed taxes
DUBLIN (Reuters) – Apple has paid 1.5 billion euros ($1.18 billion) into an escrow account set up by the Irish government to hold 13 billion euros ($16 billion) in disputed taxes, Finance Minister Paschal Donohoe said on Friday.
Business News
Blackstone to end its stay at Hilton after 11 years
(Reuters) – After holding an interest in Hilton Worldwide Holdings Inc for nearly 11 years, private equity firm Blackstone Group LP has decided to exit the hotel chain operator by selling its about 5.8 percent stake.
Business News
Wall Street set to open lower, trade talks in focus
(Reuters) – U.S. stock index futures were lower on Friday as technology shares slipped, while investors waited for the outcome of Sino-U.S. trade talks.
Business News
French business chief in Iran sees bleak prospects for European firms
PARIS (Reuters) – The head of France’s business lobby in Iran said on Friday he feared a mass exodus of European firms following the U.S. decision to impose new sanctions and that EU government efforts to protect their companies were unlikely to be enough.
Business News
Glencore declines comment on report of UK bribery probe
LONDON (Reuters) – Glencore on Friday said it could not comment on a report by Bloomberg that it may face an enquiry from Britain’s Serious Fraud Office into allegations of bribery linked to its operations in Democratic Republic of Congo.
Business News
Blackstone to sell remaining stake in Hilton
(Reuters) – Private equity firm Blackstone Group LP has decided to exit Hilton Worldwide Holdings Inc by selling its about 5.8 percent stake or 15.8 million shares, the hotel chain operator said on Friday.
Business News
Trump’s bonfire of the treaties sweeps towards the WTO
GENEVA (Reuters) – President Donald Trump has the World Trade Organization in a chokehold, and the United States has made clear what he wants: no more judicial rulings that interpret WTO rules to Washington’s disadvantage.
Business News
Exclusive: BP chief sees shale, OPEC cooling oil markets
LONDON (Reuters) – BP Chief Executive Bob Dudley expects a flood of U.S. shale and the reopening of OPEC taps to cool the oil market after crude rose above $80 a barrel this week.
Business News
Stock futures edge higher with trade talks in focus
(Reuters) – U.S. stock index futures rose slightly in choppy trading on Friday as oil prices climbed, while investors kept a close watch on Sino-U.S. trade talks.
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China denies it has offered a $200 bln package to slash U.S. trade gap
China denied on Friday that it had offered a package to slash the U.S. trade deficit by up to $200 billion, hours after it dropped an anti-dumping probe into U.S. sorghum imports in a conciliatory gesture as top negotiators meet in Washington. U.S. officials had said on Thursday that China was proposing trade concessions and increased purchases of American goods aimed at cutting the U.S. trade deficit with China by up to $200 billion a year. …read more […]
Business News
Socially responsible funds dump or rethink Facebook over data privacy
BOSTON (Reuters) – Several socially conscious investment firms are selling or rethinking their Facebook Inc holdings, unsatisfied by the company’s moves to strengthen personal data protection and online safety after scandals involving the improper sharing of users’ information.
Business News
Cambridge Analytica files for bankruptcy in U.S. following Facebook debacle
(Reuters) – Cambridge Analytica, the political consultancy at the center of Facebook Inc’s privacy scandal, filed for Chapter 7 bankruptcy in the United States late on Thursday.