Nestle sells U.S. ice cream brands to joint venture Froneri in $4 billion deal

Nestle sells U.S. ice cream brands to joint venture Froneri in $4 billion deal
ZURICH (Reuters) – Nestle SA (NESN.S) has agreed to sell its U.S. ice cream business to Froneri in a deal valued at $4 billion, moving control of brands including Häagen-Dazs to a joint venture the Swiss group set up in 2016. FILE PHOTO: A logo is pictured during the 152nd Annual General Meeting of Nestle in Lausanne, Switzerland April 11,... Read More

U.S. consumer inflation rises; Fed seen staying pat

U.S. consumer inflation rises; Fed seen staying pat
WASHINGTON (Reuters) – U.S. consumer prices increased solidly in November, which together with labor market strength could support the Federal Reserve’s intention not to cut interest rates again in the near term after reducing borrowing costs three times this year. FILE PHOTO: Customers shop during Black Friday sales at a Target store in Chicago, Illinois, U.S. November 29, 2019. REUTERS/Joshua... Read More

U.S. inflation firms in November; Fed seen on hold

U.S. inflation firms in November; Fed seen on hold
WASHINGTON (Reuters) – U.S. consumer prices increased solidly in November, which together with labor market strength could support the Federal Reserve’s intention not to cut interest rates again in the near term after reducing borrowing costs three times this year. FILE PHOTO: Customers shop during Black Friday sales at a Target store in Chicago, Illinois, U.S. November 29, 2019. REUTERS/Joshua... Read More

McDonald’s could sell over 250 million Beyond Meat burgers in U.S. annually: UBS

McDonald’s could sell over 250 million Beyond Meat burgers in U.S. annually: UBS
(Reuters) – McDonald’s Corp is selling only 20-30 plant-based Beyond Meat burgers per day in Canadian restaurant testing, although sales are reaching 100 burgers a day in more densely populated areas in the country, industry checks by UBS showed. FILE PHOTO: The logo of a McDonald’s Corp restaurant is seen in Los Angeles, California, U.S. October 24, 2017. REUTERS/Lucy Nicholson/File... Read More

Asian shares ease slightly as tariff deadline looms

Asian shares ease slightly as tariff deadline looms
SHANGHAI (Reuters) – Asian equity markets ticked down on Tuesday, tracking Wall Street losses as investors fretted over a Dec. 15 deadline for the next round of U.S. tariffs on Chinese imports to take effect. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China April 16, 2018. REUTERS/Stringer... Read More

J&J CEO spurns U.S. congressional hearing on carcinogens in talc products

J&J CEO spurns U.S. congressional hearing on carcinogens in talc products
(Reuters) – Johnson & Johnson (JNJ.N) Chief Executive Officer Alex Gorsky has declined to appear at a U.S. congressional hearing set for Tuesday on the safety of the company’s Baby Powder and other talc-based cosmetics. FILE PHOTO: Alex Gorsky, Chairman and CEO of Johnson & Johnson, celebrates the 75th anniversary of his company’s listing on the floor at the New... Read More

J&J CEO Gorsky spurns U.S. congressional hearing on carcinogens in talc products

J&J CEO Gorsky spurns U.S. congressional hearing on carcinogens in talc products
(Reuters) – Johnson & Johnson Chief Executive Officer Alex Gorsky has declined to appear at a U.S. congressional hearing set for Tuesday on the safety of the company’s Baby Powder and other talc-based cosmetics. FILE PHOTO: Alex Gorsky, Chairman and CEO of Johnson & Johnson, celebrates the 75th anniversary of his company’s listing on the floor at the New York... Read More

Just Eat takeover battle hots up with fresh $6.5 billion Prosus bid

Just Eat takeover battle hots up with fresh $6.5 billion Prosus bid
AMSTERDAM (Reuters) – Prosus (PRX.AS) raised its unsolicited cash offer for British food delivery service Just Eat (JE.L) to $6.5 billion on Monday, ratcheting up the pressure on rival bidder Takeaway (TKWY.AS) in their bitter takeover battle. FILE PHOTO: Signage for Just Eat on the window of a restaurant in London, Britain, August 5, 2019. REUTERS/Toby Melville The Dutch-based technology... Read More

Just Eat takeover battle hots up with fresh $6.5 bln Prosus bid

Just Eat takeover battle hots up with fresh $6.5 bln Prosus bid
AMSTERDAM (Reuters) – Prosus (PRX.AS) raised its unsolicited cash offer for British food delivery service Just Eat (JE.L) to $6.5 billion on Monday, ratcheting up the pressure on rival bidder Takeaway (TKWY.AS) in their bitter takeover battle. FILE PHOTO: Signage for Just Eat on the window of a restaurant in London, Britain, August 5, 2019. REUTERS/Toby Melville The Dutch-based technology... Read More

Just Eat heated up by $6.5 billion Prosus bid, in challenge to Takeaway

Just Eat heated up by $6.5 billion Prosus bid, in challenge to Takeaway
AMSTERDAM (Reuters) – Prosus (PRX.AS) raised its unsolicited cash offer for British food delivery service Just Eat (JE.L) to $6.5 billion on Monday, ratcheting up the pressure on rival bidder Takeaway (TKWY.AS) in a bitter takeover battle. FILE PHOTO: Signage for Just Eat on the window of a restaurant in London, Britain, August 5, 2019. REUTERS/Toby Melville The Dutch-based technology... Read More