Kraft Heinz forecasts gloomy 2019, writes down value of iconic brands

Kraft Heinz forecasts gloomy 2019, writes down value of iconic brands
(Reuters) – Shares of Kraft Heinz Co slumped 20 percent on Thursday after the food company posted a quarterly loss, disclosed an SEC investigation and wrote down the value of its Kraft and Oscar Mayer brands as it highlighted the tough environment for the packaged food industry. FILE PHOTO – Bottles of Heinz tomato ketchup of U.S. food company Kraft... Read More

Third Point claims 300 percent return on activism since 2011

Third Point claims 300 percent return on activism since 2011
BOSTON (Reuters) – Pushing companies to perform better has earned Third Point a 300 percent return in the last eight years, the hedge fund told investors in a letter on Thursday, praising management at some of its targets for taking the right steps. FILE PHOTO: Daniel S. Loeb, founder of Third Point LLC, participates in a panel discussion during the... Read More

Wall St. breaks run of gains as economic data disappoints

Wall St. breaks run of gains as economic data disappoints
NEW YORK (Reuters) – Weak economic reports pressured U.S. stocks on Thursday after the market’s recent run of gains, and a drop in healthcare shares added to the bearish momentum. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid/File Photo The Commerce Department said new orders for key... Read More

Wall St. breaks run of gains as economic data disappoints

Wall St. breaks run of gains as economic data disappoints
NEW YORK (Reuters) – Weak economic reports pressured U.S. stocks on Thursday after the market’s recent run of gains, and a drop in healthcare shares added to the bearish momentum. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid/File Photo The Commerce Department said new orders for key... Read More

Economic data, healthcare shares pressure Wall Street

Economic data, healthcare shares pressure Wall Street
(Reuters) – U.S. stocks edged lower on Thursday after a recent run of gains, pressured by weak economic data and a drop in healthcare shares, while investors kept a close watch on U.S.-China trade talks. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid The Commerce Department said... Read More

Wall Street dragged down by healthcare stocks, weak economic data

Wall Street dragged down by healthcare stocks, weak economic data
(Reuters) – U.S. stocks fell on Thursday, pressured by weak economic data and a drop in healthcare shares led by Johnson & Johnson, with investors keeping a close watch on U.S.-China trade talks. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid New orders for key U.S.-made capital... Read More

Global shares retain gains, Aussie felled by rates and coal woes

Global shares retain gains, Aussie felled by rates and coal woes
LONDON (Reuters) – Signs the United States and China were tackling some of the stickiest issues in their trade war kept world shares near a four-month high on Thursday, though it could not prevent a favorite Chinese proxy, the Aussie dollar, hitting the skids. Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Japan, October 11,... Read More

Global shares retain gains, Aussie whacked by rates and coal woes

Global shares retain gains, Aussie whacked by rates and coal woes
LONDON (Reuters) – Signs the United States and China were tackling some of the stickiest issues in their trade war kept world shares near a four-month high on Thursday, though it could not prevent a favorite Chinese proxy, the Aussie dollar, hitting the skids. Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Japan, October 11,... Read More