(Reuters) – PepsiCo Inc forecast a surprise drop in full-year profit on Friday, as the snack and beverage company spent heavily on marketing and developing new products in a bid to claw back market share from Coca-Cola Co Inc. FILE PHOTO – Bottles of Pepsi are pictured at a grocery …
Read More »PepsiCo forecast surprise drop in 2019 core profit
FILE PHOTO – Bottles of Pepsi are pictured at a grocery store in Pasadena, California, U.S., July 11, 2017. REUTERS/Mario Anzuoni/File Photo (Reuters) – PepsiCo Inc forecast a surprise drop in full-year profit that was well below Wall Street estimates on Friday, hit by a stronger dollar, higher tax rate …
Read More »Watchdog extends monitor mandate at Deutsche Bank on Danske dealings
FILE PHOTO: The financial district with the headquarters of Germany’s largest business bank, Deutsche Bank , is photographed on early evening in Frankfurt, Germany, January 29, 2019. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT (Reuters) – German financial watchdog Bafin has extended the mandate of its monitor at Deutsche Bank over the bank’s …
Read More »As Amazon drops New York City project, progressives claim a major coup
NEW YORK (Reuters) – U.S. Representative Alexandria Ocasio-Cortez wasted no time on Thursday in calling Amazon’s decision to scrap plans to build a major New York outpost with nearly $3 billion in city and state incentives a big victory for progressive politicians. The democratic socialist congresswoman has become the face …
Read More »How Amazon scrapped its plans for a New York headquarters
(Reuters) – More than a year of work to bring Amazon.com Inc’s headquarters and tens of thousands of jobs to New York City ended on Thursday with a couple of phone calls. A delivery person pushes a cart full of Amazon boxes in New York City, U.S., February 14, 2019. …
Read More »Asian stocks slip after grim U.S. retail sales data
TOKYO (Reuters) – Asian stocks slipped on Friday after grim U.S. retail sales figures raised fresh doubts about the strength of the U.S. economy, offsetting optimism on trade talks between the United States and China. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December …
Read More »Explainer: What's at stake in U.S.-China trade talks
WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin are in Beijing this week as Chinese and American negotiators try to hammer out a trade deal to ease a trade war and avert an increase in U.S. tariffs on Chinese goods scheduled for March 2. …
Read More »Retailer Payless ShoeSource set to shutter its U.S. stores: sources
FILE PHOTO: A Payless ShoeSource store is pictured in El Cajon, California, U.S., August 8, 2017. REUTERS/Mike Blake (Reuters) – U.S. discount retailer Payless ShoeSource Inc plans to close all of its approximately 2,300 stores when it files for bankruptcy later this month for the second time in as many …
Read More »U.S. utility TVA votes to close two coal power plants, in blow to Trump
WASHINGTON (Reuters) – The Tennessee Valley Authority voted on Thursday to close two aging coal-fired power plants, including one supplied by a company led by a major supporter of President Donald Trump, who had urged the U.S.-owned utility to keep it open. FILE PHOTO: U.S. President Donald Trump acknowledges coal …
Read More »Xcelerate to sell third-party warranties for EVs including Teslas
DETROIT (Reuters) – Auto leasing and financing company Xcelerate said on Thursday it has launched the first U.S. third-party extended warranties for electric vehicles, including those of market leader Tesla Inc, filling a void for used vehicles that have so far lacked such coverage. FILE PHOTO: A Tesla logo is …
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