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July 4, 2022

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U.S. drug distributors prevail in $2.5 bln West Virginia opioid case

Reuters
Tablets of the opioid-based Hydrocodone at a pharmacy in Portsmouth, Ohio, June 21, 2017. REUTERS/Bryan Woolston/File Photo Register now for FREE unlimited access to Reuters.com Register July 4 (Reuters) – Major U.S. drug distributors McKesson Corp (MCK.N), AmerisourceBergen Corp (ABC.N) and Cardinal Health Inc (CAH.N) are not responsible for fueling......

Softbank’s Fortress offers $1.5 bln to buy Japan’s Sogo & Seibu – Nikkei

Reuters
July 3 (Reuters) – Softbank-owned (9984.T) Fortress Investment Group has offered around 200 billion yen ($1.48 billion) to buy Japanese department store unit Sogo & Seibu from parent Seven & i Holdings (3382.T), Nikkei reported on Sunday, citing sources. Fortress has obtained the first refusal right in the acquisition of......

U.S. July Fourth cookouts feel the heat of soaring food prices

Reuters
CHICAGO, June 30 (Reuters) – Summer cookouts are getting more expensive ahead of the U.S. Independence Day holiday, forcing Americans to make tough decisions about how they celebrate. Prices for barbecue items such as hamburgers, hot dogs, potato salad, baked beans and lemonade climbed 17% compared with a year ago,......

Walgreens keeps forecast as waning COVID vaccine demand weighs

Reuters
June 30 (Reuters) – Walgreens Boots Alliance Inc (WBA.O)on Thursday maintained its full-year earnings forecast due to declining COVID vaccinations, even as the drugstore retailer beat quarterly estimates on the back of strength in its UK-based Boots business. Shares of the second-biggest U.S. drugstore retailer by store count fell 4%......

Biden administration throws support behind potential F-16 sale to Turkey

Reuters
A U.S. Air Force F-16 fighter taking part in the U.S.-led Saber Strike exercise flies over Estonia June 6, 2018. REUTERS/Ints Kalnins Register now for FREE unlimited access to Reuters.com Register MADRID, June 29 (Reuters) – The Biden administration threw its support on Wednesday behind the potential sale of U.S.......

Two suspects charged after death of 51 migrants in sweltering Texas truck

Reuters
SAN ANTONIO, Texas, June 28 (Reuters) – At least 51 migrants have died after being trapped inside a sweltering tractor-trailer truck found abandoned in Texas, authorities said on Tuesday, as two Mexican nationals tied to the smuggling incident were charged in U.S. federal court. The deceased migrants, 39 men and......

Amazon places purchase limit on emergency contraceptive pills

Reuters
June 28 (Reuters) – Amazon.com Inc (AMZN.O) has placed a temporary purchase limit of three units per week on emergency contraceptive pills, the company said on Tuesday. The move comes days after the U.S. Supreme Court overturned the landmark 1973 Roe v. Wade ruling that recognized women’s constitutional right to......

Amazon names veteran Herrington as head of consumer business

Reuters
The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo Register now for FREE unlimited access to Reuters.com Register June 21 (Reuters) – Amazon.com Inc (AMZN.O) on Tuesday named Doug Herrington as the head of its consumer business, tasking the......

Cape Verde budgets $85 million to cushion Ukraine war fallout

Reuters
Cape Verde’s Prime Minister Jose Ulisses Correia e Silva arrives for the first day of a European Union- African Union summit at the European Council building in Brussels, Belgium, February 17, 2022. John Thys/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register PRAIA, June 20 (Reuters) –......

As Thailand greenlights cannabis, patients welcome cheaper supplies

Reuters
A customer holds up a piece of cannabis at the Highland Cafe, after it was removed from the narcotics list under Thai law, in Bangkok, Thailand, June 9, 2022. Picture taken June 9, 2022. REUTERS/Athit Perawongmetha Register now for FREE unlimited access to Reuters.com Register BANGKOK, June 20 (Reuters) –......

Some shoppers balk at retailers peddling new ‘Juneteenth’ merchandise

Reuters
NEW YORK, June 19 (Reuters) – Clothing retailer Kohl’s (KSS.N) is offering gray, green and red “Juneteenth 1865” tank tops and t-shirts for juniors and boys for $23.99. JCPenney.com hopes to lure shoppers with dozens of wall hangings featuring abstract graphic designs and silhouettes of Black women, priced at $60......

COVID vaccine rollout for U.S. children close after CDC panel vote

Reuters
Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 18 (Reuters) – A panel of advisers to the U.S. Centers for Disease Control and Prevention......

Tesco says Britons buying less and trading down to navigate inflation

Reuters
General view of a Tesco Extra store sign in Bletchley, in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers Register now for FREE unlimited access to Reuters.com Register Says market environment is “incredibly challenging” Customers are increasing shopping trips, buying less Customers also buying cheaper products Reiterates full-year outlook LONDON,......

Analysis: Investors worry that U.S. profit forecasts are too high

Reuters
A trader watches the screen at his terminal on the floor of the New York Stock Exchange in New York October 15, 2014. REUTERS/Lucas Jackson/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 16 (Reuters) – Concerns are growing that U.S. corporate earnings are increasingly......

Vkusno & tochka: McDonald’s restaurants reopen in Russia under new name

Reuters
June 12 (Reuters) – McDonald’s (MCD.N) restaurants flung open their doors in Moscow once again on Sunday under new Russian ownership and a new name: Vkusno & tochka, which translates as “Tasty and that’s it”. The new dawn for Russia’s fast-food scene will initially see 15 rebranded restaurants open in......

As top U.S. retailers drown in goods, rotation to services picks up inflation slack

Reuters
WASHINGTON, June 9 (Reuters) – Major retailers like Target Corp (TGT.N) and Walmart Inc (WMT.N) may be cutting prices to clear overstocked warehouses, but for hotel operators the revenue is pouring in with daily room rates and occupancy that have broken above pre-pandemic levels. The pace of used car price......

Target warns of more margin squeeze as excess inventory weighs

Reuters
June 7 (Reuters) – Target Corp (TGT.N) on Tuesday cut its quarterly profit margin forecast issued just weeks earlier, and said it would have to offer deeper discounts to clear inventory as decades-high inflation takes a toll on demand. The surprise outlook revision sent shares of Target down nearly 7%......

Canada’s move to bulk up antitrust muscle may miss root of problem

Reuters
TORONTO, June 5 (Reuters) – Waves of industry consolidation over the decades have resulted in fewer choices for customers from telecoms to banking, with Canadians paying the world’s most expensive mobile phone bills and forking out more for everyday banking, consumer advocates say. Now, the government says enough is enough.......

Walmart says some suppliers working with retailer to cut prices

Reuters
The logo of a Walmart Superstore is seen in Rosemead, California, U.S., June 11, 2020. REUTERS/Mario Anzuoni/File Photo Register now for FREE unlimited access to Reuters.com Register BENTONVILLE, Ark., June 3 (Reuters) – Senior Walmart Inc executives said on Friday some suppliers have been responding to the largest U.S. retailer’s......

Carrefour has the financial means of its development – CEO

Reuters
The logo of France-based food retailer Carrefour is seen on shopping trolleys in Sao Paulo, Brazil July 18, 2017. REUTERS/Paulo Whitaker Register now for FREE unlimited access to Reuters.com Register PARIS, June 3 (Reuters) – Carrefour (CARR.PA), Europe’s largest food retailer, does not need to link up with another group......

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