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

Exxon wins climate change lawsuit, as cases over global warming proliferate

Exxon wins climate change lawsuit, as cases over global warming proliferate
(Reuters) – Exxon Mobil Corp on Tuesday scored a win in a closely-watched case after a judge ruled that the company did not hide the true cost of climate change regulation from investors. The case, brought by the New York Attorney General, is one of dozens of lawsuits in the United States brought against oil companies by local and state... Read More

‘Symmetric,’ now a Fedspeak staple, may point to endgame for U.S. framework debate

‘Symmetric,’ now a Fedspeak staple, may point to endgame for U.S. framework debate
WASHINGTON (Reuters) – After 14 conferences, a couple dozen research papers and presentations and some very dense math, the Federal Reserve’s hunt for a better way to reach its inflation target may boil down to a single word: symmetric. FILE PHOTO: A screen displays the U.S. Federal Reserve interest rates announcement as traders work on the floor of 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

Wall St. falls as Apple, health shares drag, tariff deadline looms

Wall St. falls as Apple, health shares drag, tariff deadline looms
(Reuters) – U.S. stocks pulled back on Monday from near-record levels, as Apple and healthcare shares fell and investors braced for a busy week of political and economic news, including a potential turning point in the U.S.-China trade dispute. FILE PHOTO: Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York,... Read More

Wall St falls as health, tech shares drag, tariff deadline looms

Wall St falls as health, tech shares drag, tariff deadline looms
(Reuters) – U.S. stocks pulled back on Monday from near record levels, dragged lower by healthcare and technology shares, as investors braced for a busy week of political and economic news including a potential turning point in the U.S.-China trade dispute. FILE PHOTO: Traders work on the floor of the New York Stock Exchange shortly after the opening bell in... Read More