(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 …
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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 …
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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 …
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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 …
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(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. …
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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 …
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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. …
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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 …
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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 …
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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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