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

PES up against the clock to sell Philadelphia refinery in cash crunch

PES up against the clock to sell Philadelphia refinery in cash crunch
NEW YORK (Reuters) – Finding a buyer for Philadelphia Energy Solutions’ oil refinery has grown urgent as the bankrupt company’s funds dwindle and no signs emerge that it is winning a fight for insurance payouts after a June blaze at the plant, according to court documents and bankruptcy experts. FILE PHOTO: The Philadelphia Energy Solutions oil refinery is shown after... Read More

Take Five: Fed in a hole

Take Five: Fed in a hole
(Reuters) – FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis 1/FED IN A HOLE On Wednesday, the U.S. Federal Reserve releases the minutes of its last meeting, revealing what policymakers said about the flattening Treasury yield curve and the strength of support for July’s quarter-point rate cut. But given... Read More

STAR Market tech board offers hope to Chinese venture capitalists

STAR Market tech board offers hope to Chinese venture capitalists
SHANGHAI/HONG KONG (Reuters) – When Chinese venture capital firm New Vision Capital invested in two startups focusing on cloud computing and micro-optics, the plan was to eventually take them public on the Nasdaq exchange. FILE PHOTO – A sign for STAR Market, China’s new Nasdaq-style tech board, is seen after the listing ceremony of the first batch of companies at... Read More

Exclusive: Buyout firms KKR, Blackstone among bidders for Philippine hospitals group – sources

Exclusive: Buyout firms KKR, Blackstone among bidders for Philippine hospitals group – sources
SINGAPORE (Reuters) – Buyout firms KKR (KKR.N), Blackstone (BX.N) and CVC are among bidders competing for a stake in the hospital unit of Philippines’ Metro Pacific Investments Corp (MPI.PS), people with knowledge of the matter told Reuters. FILE PHOTO – Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange... Read More

Exclusive: Private-equity funds bid for Philippine hospitals group – sources

Exclusive: Private-equity funds bid for Philippine hospitals group – sources
FILE PHOTO – Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid SINGAPORE (Reuters) – Buyout firms such as KKR (KKR.N), Blackstone (BX.N) and CVC are competing to buy a stake in the hospital unit of Philippines’ Metro Pacific... 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

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

Carlsberg half-year sales boosted by Asia, premium beers

Carlsberg half-year sales boosted by Asia, premium beers
(Reuters) – Carlsberg (CARLb.CO) reported a 6.5% rise in half-year sales on Thursday, as the Danish brewer sold more expensive beer and its operating margins improved despite continued challenges in Russia. FILE PHOTO: Carlsberg beer cans are seen at a pub in Mumbai, India, October 20, 2018. REUTERS/Danish Siddiqui/File Photo The brewer posted improved earnings but saw declining sales in... Read More