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January 29, 2020

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Reuters - Business

Investors find some Unilever foods hard to swallow

Reuters
by Reuters02
(Reuters) – Six months after Unilever’s (ULVR.L) UNc.AS Alan Jope suggested he may get rid of brands without “purpose”, investors are wondering when he will deliver. FILE PHOTO: Unilever headquarters in Rotterdam, Netherlands August 21, 2018. REUTERS/Piroschka van de Wouw Their sights have long been set on the Anglo-Dutch firm’s......
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Reuters - Business

Tim Hortons pulls Beyond Meat products from Ontario, British Columbia

Reuters
by Reuters03
FILE PHOTO: A Tim Hortons logo is pictured in Montreal, Quebec, Canada, October 18, 2019. REUTERS/Carlo Allegri (Reuters) – Restaurant Brands International Inc’s (QSR.TO) Tim Hortons said on Tuesday it has removed Beyond Meat Inc’s (BYND.O) products from its coffee and donut shops in the Canadian provinces of Ontario and......
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Reuters - Business

JPMorgan plans to cut hundreds of jobs in consumer unit: Bloomberg

Reuters
by Reuters01
FILE PHOTO: A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in Manhattan, New York, U.S., November 13, 2017. REUTERS/Amr Alfiky (Reuters) – U.S. bank JPMorgan Chase & Co (JPM.N) is planning to cut hundreds of jobs across its consumer division, Bloomberg reported bloom.bg/2GsDvzw......
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Reuters - Business

EBay forecast disappoints amid competition from Amazon, Walmart

Reuters
by Reuters01
(Reuters) – EBay Inc (EBAY.O) forecast first-quarter revenue below analysts’ estimates on Tuesday, as the e-commerce company faces fierce competition from Amazon.com Inc (AMZN.O) and Walmart Inc (WMT.N). FILE PHOTO: The German headquarters of online marketplace eBay is pictured at Europarc Dreilinden business park south of Berlin in Kleinmachnow, Germany,......
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Reuters - Business

3M forecasts 2020 profit below estimates on weak China demand

Reuters
by Reuters06
(Reuters) – U.S. industrial giant 3M Co (MMM.N) forecast 2020 profit below expectations after narrowly missing quarterly revenue estimates on Tuesday as weak demand from China dents overall growth. Shares of the company, which draws a third of its revenue from Asia, fell 4.2% and were the biggest drag on......
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Reuters - Business

Wall Street opens higher after Monday’s selloff

Reuters
by Reuters06
FILE PHOTO: A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., January 24, 2020. REUTERS/Lucas Jackson/File Photo (Reuters) – U.S. stock indexes opened higher on Tuesday after the S&P 500 suffered its worst day in nearly four months......
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Reuters - Business

Wall Street set to recover after turbulent Monday

Reuters
by Reuters06
(Reuters) – U.S. stock indexes were on track to recover on Tuesday after the S&P 500 suffered its worst day in nearly four months in the previous session on fears that a coronavirus outbreak could hit global economic growth. FILE PHOTO: A trader works on the floor of the New......
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Reuters - Business

Pfizer profit misses as breast cancer drug sales fall short of estimates

Reuters
by Reuters04
FILE PHOTO: A man enters the employee entrance of the Pfizer World Headquarters building in the Manhattan borough of New York, U.S., November 23, 2015. REUTERS/Brendan McDermid/Files (Reuters) – Pfizer Inc (PFE.N) posted a quarterly profit on Tuesday that came in below Wall Street estimates, as sales of breast cancer......
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Reuters - Business

Pfizer posts 9% fall in fourth-quarter revenue

Reuters
by Reuters04
FILE PHOTO: A man enters the employee entrance of the Pfizer World Headquarters building in the Manhattan borough of New York, U.S., November 23, 2015. REUTERS/Brendan McDermid/Files (Reuters) – Pfizer Inc (PFE.N) reported a 9% drop in fourth-quarter revenue, hurt by intense competition for its pain treatment Lyrica that lost......
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Reuters - Business

Whirlpool forecasts 2020 largely above estimates as profit beats

Reuters
by Reuters02
(Reuters) – Whirlpool Corp (WHR.N) beat analysts’ estimates for quarterly earnings and forecast 2020 profit largely above expectations on Monday, as the appliances maker raised prices and reined in expenses to cushion the impact of higher production costs. FILE PHOTO: The administrative entrance at the Whirlpool plant in Clyde, Ohio,......
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Reuters - Business

Wall Street tumbles as virus fears hit travel, growth stocks

Reuters
by Reuters02
(Reuters) – Wall Street’s main indexes fell more than 1% on Monday as investors worried about the economic fallout of a virus outbreak in China that has prompted the country to extend the Lunar New Year holidays and businesses to close some operations. The benchmark S&P 500 was jolted off......
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Reuters - Business

Wall Street skids as virus fears hit tech, travel stocks

Reuters
by Reuters03
(Reuters) – Wall Street’s main indexes fell more than 1% on Monday as investors worried about the economic fallout of a virus outbreak in China that has prompted the country to extend the Lunar New Year holidays and businesses to close some operations. FILE PHOTO: A trader works on the......
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Reuters - Business

Travel, tech stocks lead Wall St. lower as China virus fears mount

Reuters
by Reuters03
(Reuters) – U.S. stocks fell more than 1% on Monday as investors worried about the economic fallout of the fast-spreading coronavirus outbreak in China that has prompted the country to extend the Lunar New Year holidays and businesses to close some operations. FILE PHOTO: A trader works on the floor......
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Reuters - Business

GM to spend $2.2 billion on making electric trucks and SUVs at Detroit factory

Reuters
by Reuters03
General Motors Detroit-Hamtramck Assembly plant is seen in Hamtramck, Michigan, U.S. November 26, 2018. REUTERS/Rebecca Cook (Reuters) – General Motors Co will invest $2.2 billion in its Detroit-Hamtramck assembly plant to build electric trucks and sport utility vehicles, the No.1 U.S. automaker said in a statement on Monday. Reuters reported......
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Reuters - Business

Wall Street opens 1% lower on growing China virus fears

Reuters
by Reuters013
FILE PHOTO: A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., January 24, 2020. REUTERS/Lucas Jackson (Reuters) – U.S. stocks opened more than 1% lower on Monday, on concerns about the financial fallout of a fast-spreading coronavirus outbreak......
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Reuters - Business

Futures tumble on fears of financial hit from China virus

Reuters
by Reuters02
(Reuters) – U.S. stock index futures fell sharply on growing concerns about the financial fallout of a fast-spreading coronavirus outbreak in China as the country extended the Lunar New Year holidays and more big businesses shut down. FILE PHOTO: A trader works on the floor of the New York Stock......
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Reuters - Business

U.S. state AGs, Justice Department officials to meet and coordinate on Google probe: sources

Reuters
by Reuters06
The logo of Google is seen in Davos, Switzerland Januar 20, 2020. Picture taken January 20, 2020. REUTERS/Arnd Wiegmann (Reuters) – U.S. state attorneys general will meet Justice Department attorneys next week to share information on their investigations into Alphabet Inc’s Google, two sources familiar with the matter told Reuters......
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Reuters - Business

Fiat Chrysler asks U.S. court to toss out GM racketeering claims: filing

Reuters
by Reuters03
(Reuters) – Fiat Chrysler Automobiles NV (FCHA.MI) late on Friday urged a U.S. District Court to throw out General Motors Co’s (GM.N) suit accusing Fiat Chrysler of racketeering and bribing officials of the United Auto Workers union to put GM at a multi-billion dollar labor cost disadvantage. FILE PHOTO: Fiat......
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Reuters - Business

Impossible or Beyond: U.S. restaurants find partners to go vegan

Reuters
by Reuters07
(Reuters) – The world’s largest burger chain McDonald’s Corp (MCD.N) said this month that it would expand its test of a plant-based meat product with Beyond Meat (BYND.O) patties in Canada, and other chains also are looking to serve vegan customers. FILE PHOTO: The McDonald’s logo is seen outside the......
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Reuters - Business

The S&P 500 has worst day since October as virus fears mount

Reuters
by Reuters05
NEW YORK (Reuters) – Wall Street fell in a broad sell-off on Friday, as investors fled equities on growing concerns over the scope of the coronavirus outbreak, capping the S&P 500’s worst week in six months. Traders work on the floor of the New York Stock Exchange shortly after the......
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