Domino’s same-store sales at company-owned U.S. outlets miss estimates

Domino’s same-store sales at company-owned U.S. outlets miss estimates
(Reuters) – Domino’s Pizza Inc missed Wall Street estimates for quarterly same-store sales growth in the United States on Wednesday, hurt by growing competition from food delivery startups and rival pizzerias. FILE PHOTO: A Domino’s Pizza restaurant is seen in Los Angeles, California, U.S. July 18, 2018. REUTERS/Lucy Nicholson/File Photo Same-store sales at company-owned U.S. outlets grew 2.1 percent –... Read More

Older workers helped fuel recent U.S. growth. Can it last?

Older workers helped fuel recent U.S. growth. Can it last?
MILWAUKEE, Wis. (Reuters) – As a record-breaking economic expansion nears the decade mark, people like Marty Groth may determine whether it is forced into a lower gear. Patrick McHugh lectures to an information technology class at the Milwaukee Area Technical College in Milwaukee, Wisconsin, U.S., March 28, 2019. REUTERS/Howard Schneider Not long ago, the 60-year-old Groth found himself out of... Read More

Lawsuit says Tyson, Cargill, JBS conspired to suppress beef prices paid to U.S. ranchers

Lawsuit says Tyson, Cargill, JBS conspired to suppress beef prices paid to U.S. ranchers
(Reuters) – Four of the largest U.S. beef-packing companies were accused in a lawsuit on Tuesday of violating federal antitrust law by conspiring to drive down prices they paid ranchers for cattle, even as retail beef prices hovered near record levels. FILE PHOTO: A Cargill logo is pictured on the Provimi Kliba and Protector animal nutrition factory in Lucens, Switzerland,... Read More

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