Walgreens, Rite Aid to sell tobacco products to customers above 21 years

Walgreens, Rite Aid to sell tobacco products to customers above 21 years
FILE PHOTO: A sign rests on a counter at a Walgreens pharmacy store in Austin, TX, U.S., March 26, 2018. REUTERS/Mohammad Khursheed (Reuters) – Drugstore retailers Walgreens Boots Alliance Inc and Rite Aid Corp said on Tuesday they would sell tobacco products to customers who are at least 21 years old, amid a crackdown on teenage tobacco use. U.S. Senate... Read More

FAA paves way for Alphabet unit to make first U.S. drone deliveries

FAA paves way for Alphabet unit to make first U.S. drone deliveries
FILE PHOTO: The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. REUTERS/Hannah McKay WASHINGTON (Reuters) – Alphabet Inc’s Wing Aviation unit on Tuesday got the okay to start delivering goods by drone in Virginia later this year, making the sister unit of search engine Google the first company to get U.S.... Read More

Starbucks’ China challenger Luckin to raise up to $800 million in U.S. IPO: sources

Starbucks’ China challenger Luckin to raise up to $800 million in U.S. IPO: sources
HONG KONG/BEIJING (Reuters) – Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, filed on Monday for a U.S. initial public offering (IPO) through which, sources said, it is looking to raise up to $800 million. FILE PHOTO: The logo is seen next to a customer at a Luckin Coffee store in Beijing, China, February 28, 2019. REUTERS/Jason Lee The... Read More

Kraft Heinz’s new CEO looks beyond cost-cutting, big M&A

Kraft Heinz’s new CEO looks beyond cost-cutting, big M&A
CHICAGO (Reuters) – Kraft Heinz Co’s incoming chief executive, Miguel Patricio, is indicating a change in strategy for the packaged food company that could move it away from the aggressive cost-focused culture that has been in place since the company was created in 2015. FILE PHOTO: Commemorative items for sale are on display at the Kraft Heinz booth during the... Read More

Kraft Heinz hires global brand expert Patricio as CEO

Kraft Heinz hires global brand expert Patricio as CEO
(Reuters) – Kraft Heinz Co named Miguel Patricio as its next chief executive on Monday, hoping the 30-year marketing veteran will revitalize brands such as Planters nuts and Oscar Mayer bacon at one of the world’s largest packaged food companies. FILE PHOTO: A Heinz Ketchup bottle sits between a box of Kraft macaroni and cheese and a bottle of Kraft... Read More

Kraft Heinz banks on Anheuser-Busch executive in strategy shift

Kraft Heinz banks on Anheuser-Busch executive in strategy shift
(Reuters) – Kraft Heinz Co replaced Chief Executive Officer Bernardo Hees with Anheuser-Busch InBev veteran Miguel Patricio, changing leadership after years of cost-cutting that has hurt some of its biggest brands. FILE PHOTO: A Heinz Ketchup bottle sits between a box of Kraft macaroni and cheese and a bottle of Kraft Original Barbecue Sauce on a grocery store shelf in... Read More

New North American trade deal modestly boosts U.S. economy, trade panel finds

New North American trade deal modestly boosts U.S. economy, trade panel finds
WASHINGTON (Reuters) – The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the U.S. International Trade Commission showed on Thursday. FILE PHOTO: U.S. President Donald Trump, Canada’s Prime Minister Justin Trudeau and Mexico’s President Enrique Pena... Read More

U.S. retail sales, labor market data paint upbeat economic picture

U.S. retail sales, labor market data paint upbeat economic picture
WASHINGTON (Reuters) – U.S. retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a range of other goods, the latest indication that economic growth picked up in the first quarter after a false start. The economy’s enduring strength was reinforced by other data on Thursday showing the number of Americans... Read More

U.S. pilot program allows online grocery shopping with food stamps

U.S. pilot program allows online grocery shopping with food stamps
WASHINGTON (Reuters) – The U.S. Department of Agriculture on Thursday said it has launched a pilot program in New York that allows consumers dependant on food stamps to use them to buy groceries online, a move that is likely to boost sales at retailers like Walmart Inc and Amazon.com Inc. FILE PHOTO: The logo of Amazon is seen on the... Read More