Sainsbury’s says not talking to internal candidates for CEO succession

Sainsbury’s says not talking to internal candidates for CEO succession
FILE PHOTO: Shoppers walk past the first ’till-free’ Sainsbury’s store in London, Britain, May 1, 2019. REUTERS/Toby Melville (Reuters) – Sainsbury’s (SBRY.L) is not talking to internal candidates about succession plans to Chief Executive Officer Mike Coupe and he has the full support of company’s shareholders and the board, a company spokesperson told Reuters late on Saturday. The company’s response... Read More

Tyson recalls nearly 40,000 pounds of Weaver chicken patties

Tyson recalls nearly 40,000 pounds of Weaver chicken patties
FILE PHOTO: Traders gather at the post that trades Tyson Foods on the floor of the New York Stock Exchange June 3, 2014. REUTERS/Brendan McDermid/File Photo (Reuters) – Tyson Foods Inc is recalling nearly 40,000 pounds of its Weaver chicken patties after some consumers found pieces of rubber in the product, the no. 1 U.S. meat processor said. The U.S.... Read More

U.S. 30-year yields drop to record low; 10-year yields sink

U.S. 30-year yields drop to record low; 10-year yields sink
NEW YORK (Reuters) – U.S. 30-year Treasury yields fell to a record low below 2% and benchmark 10-year notes dropped to a three-year trough on Thursday amid persistent worries about global trade tensions and economic slowdowns around the world. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 14, 2019.... Read More

Alibaba and the $15 billion question: Amid Hong Kong’s protests, when to list?

Alibaba and the $15 billion question: Amid Hong Kong’s protests, when to list?
HONG KONG (Reuters) – Hong Kong’s political unrest is posing a dilemma for Alibaba Group Holding Ltd (BABA.N) on the timing of its planned $15 billion listing in the city, with sources saying China’s biggest e-commerce company is now considering several timetables. FILE PHOTO: A logo of Alibaba Group is seen at an exhibition during the World Intelligence Congress in... Read More

CFTC says Kraft, Mondelez to pay $16 million in wheat price manipulation case

CFTC says Kraft, Mondelez to pay $16 million in wheat price manipulation case
FILE PHOTO: Bottles of salad dressing, made by food conglomerate Kraft Heinz, are seen on a supermarket shelf in Seattle, Washington, U.S., February 10, 2017. REUTERS/Chris Helgren/File Photo (Reuters) – The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday Kraft Heinz Co (KHC.O) and Mondelez International Inc (MDLZ.O) will have to pay $16 million in penalty regarding a wheat... Read More

Strong U.S. retail sales ease gloom over economy

Strong U.S. retail sales ease gloom over economy
WASHINGTON (Reuters) – U.S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, helping to assuage financial market fears that the economy was heading into recession. FILE PHOTO: People tour The Shops during the grand opening of The Hudson Yards development, a residential, commercial, and retail space on... Read More

Kraft, Mondelez to pay $16 million in wheat price manipulation case

Kraft, Mondelez to pay $16 million in wheat price manipulation case
FILE PHOTO: Bottles of salad dressing, made by food conglomerate Kraft Heinz, are seen on a supermarket shelf in Seattle, Washington, U.S., February 10, 2017. REUTERS/Chris Helgren/File Photo (Reuters) – The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday Kraft Heinz Co (KHC.O) and Mondelez International Inc (MDLZ.O) will pay $16 million in penalty regarding a wheat manipulation case... Read More

U.S. 30-year yields drop to fresh record low below 2%

U.S. 30-year yields drop to fresh record low below 2%
NEW YORK (Reuters) – U.S. 30-year Treasury yields fell to a record low below 2% and benchmark 10-year notes dropped to a three-year trough on Thursday amid persistent worries about global trade tensions and economic slowdowns around the world. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 14, 2019.... Read More

U.S. consumer spending strong; manufacturing struggling

U.S. consumer spending strong; manufacturing struggling
WASHINGTON (Reuters) – U.S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, which could help to assuage financial market fears that the economy was heading into recession. FILE PHOTO: People tour The Shops during the grand opening of The Hudson Yards development, a residential, commercial, and retail... Read More

Surge in U.S. retail sales underscores economy’s resilience

Surge in U.S. retail sales underscores economy’s resilience
WASHINGTON (Reuters) – U.S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, which could help to assuage financial markets’ fears that the economy was heading into recession. FILE PHOTO: People tour The Shops during the grand opening of The Hudson Yards development, a residential, commercial, and retail... Read More