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April 8, 2020
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Reuters - Business

Corona beer maker Constellation to reduce production in Mexico during pandemic

Reuters
FILE PHOTO: Corona beers are pictured at a BevMo! store ahead of Constellation Brands Inc company results in Pasadena, California U.S., October 4, 2016. REUTERS/Mario Anzuoni (Reuters) – Constellation Brands Inc (STZ.N), the U.S. distributor of Corona beer, said on Wednesday it would reduce production at its Mexican breweries, just......
Food Business News

Smoothie King poised for pandemic survival | 2020-04-08

FoodBusinessNews
COPPELL, TEXAS — While many restaurants are scrambling to adjust their service models and edit their menus to cope with the effects of coronavirus, Smoothie King is taking the pandemic in stride. “Coronavirus has certainly been devastating and unfortunate, and like almost every other business in the food and beverage......
Reuters - Business

EasyJet founder seeks to oust directors over Airbus plane order

Reuters
LONDON (Reuters) – EasyJet’s (EZJ.L) founder Stelios Haji-Ioannou demanded on Wednesday a shareholder vote to remove two directors, as part of his battle to try to force the British airline to cancel an order for 107 Airbus (AIR.PA) planes. FILE PHOTO: Easyjet founder Stelios Haji-Ioannou speaks at a media event......
Food Business News

Serious Bean Co. collaborates with Dude Perfect on new sweet heat beans | 2020-04-08

FoodBusinessNews
MANITOWOC, WIS. — Serious Bean Co. has teamed up with Dallas-based sports and entertainment brand Dude Perfect to develop a new flavor of its craft baked beans: jalapeño and bacon. The new “Perfect Bean” variety pays homage to Dude Perfect’s Texas heritage and features pinto beans, jalapeños, applewood smoked bacon......
Food Business News

Kellogg’s cereal gets supersized for the snack aisle | 2020-04-08

FoodBusinessNews
BATTLE CREEK, MICH. — Kellogg Co. is supersizing four of its cereal brands to create new snack packs. Kellogg’s Jumbo Snax come in four varieties: Froot Loops, Apple Jacks, Corn Pops and Frosted Flakes-inspired Tiger Paws. The Froot Loops, Apple Jacks and Tiger Paws Jumbo Snax contain 150 calories and......
Food Business News

Panera, Subway offering grocery services | 2020-04-08

FoodBusinessNews
KANSAS CITY — Restaurant operators are adapting as the coronavirus (COVID-19) outbreak continues. Both Panera Bread, St. Louis, and Subway, Milford, Conn., have started selling some grocery staples to customers. Panera Grocery is a new service offering customers milk, bread, fresh produce as well as soups, salads or sandwiches. Products......
Food Business News

SmartSweets unveils chews sweetened with allulose | 2020-04-08

FoodBusinessNews
VANCOUVER, BC — Low-sugar candy maker SmartSweets is launching its first innovation outside the gummy category with the debut of Sweet Chews. The individually wrapped chews come in mango, strawberry and watermelon candies. Each 1.6-oz bag contains 3 grams of sugar, 10 grams of fiber and 120 calories. The chews......
Reuters - Business

Wobbly U.S. fiscal response could deepen coronavirus recession

Reuters
WASHINGTON (Reuters) – The U.S. government’s massive effort to nurse the economy through the coronavirus crisis was billed as a send-money-and-don’t-sweat-the-details flood of cash to people and businesses in a $22 trillion system that has ground to a halt. FILE PHOTO: U.S. President Donald Trump hosts a signing ceremony for......
Food Business News

Slideshow: How restaurants are reaching cooped-up consumers | 2020-04-08

FoodBusinessNews
KANSAS CITY — As the coronavirus continues to keep consumers quarantined across the country, the foodservice industry is innovating to meet the needs of sheltering families. Restaurants are launching family meal bundles and meal kits to alleviate the stress of meal prep and encourage family time. Chick-fil-A is introducing Family......
Reuters - Business

EasyJet founder continues battle over $5.5 billion Airbus order

Reuters
FILE PHOTO: Easyjet founder Stelios Haji-Ioannou speaks at a media event to celebrate 20 years in business at Luton Airport, southern England, November 10, 2015. REUTERS/Eddie Keogh LONDON (Reuters) – EasyJet (EZJ.L) founder Stelios Haji-Ioannou continued his battle to force the British airline to cancel an order for 107 Airbus......
Reuters - Business

Britain’s Tesco warns coronavirus costs could top $1 billion

Reuters
LONDON (Reuters) – Britain’s biggest retailer Tesco (TSCO.L) estimated a hit of up to 925 million pounds ($1.1 billion) from the costs of dealing with the coronavirus pandemic and warned it couldn’t give profit guidance for the current financial year. FILE PHOTO: A woman walks past a Tesco extra superstore......
Reuters - Business

Honda back to work in China’s Wuhan with temperature checks and masks

Reuters
WUHAN, China (Reuters) – Temperature checkpoints and posters telling workers to keep more than a metre apart at Japanese automaker Honda Motor Co’s reopened plant in the Chinese city of Wuhan show how the coronavirus has created a new normal on the factory floor. Employees work on a production line......
Reuters - Business

BAE Systems to raise $1.3 billion in debt to fund pension deficit

Reuters
FILE PHOTO: Trade visitors walk past an advertisement for BAE Systems at Farnborough International Airshow in Farnborough, Britain, July 17, 2018. REUTERS/Toby Melville/File Photo (Reuters) – Britain’s BAE Systems (BAES.L) is looking to raise $1.3 billion in debt to fund its pension deficit and repay related loans, the company said......
Reuters - Business

BAE Systems plans to raise $1.3 billion in bonds due 2030

Reuters
FILE PHOTO: Trade visitors walk past an advertisement for BAE Systems at Farnborough International Airshow in Farnborough, Britain, July 17, 2018. REUTERS/Toby Melville/File Photo (Reuters) – Britain’s BAE Systems (BAES.L) is seeking to raise $1.3 billion in bonds to fund its employee benefit plans and repay debt, the company said......
Reuters - Business

Britain’s Tesco says not prudent to give guidance for 2020-21 due to coronavirus crisis

Reuters
FILE PHOTO: A woman walks past a Tesco extra superstore near Manchester, Britain January 8, 2020. REUTERS/Phil Noble/File Photo LONDON (Reuters) – Britain’s biggest retailer Tesco (TSCO.L) said on Wednesday it would not be prudent to give financial guidance for the 2020-21 year due to uncertainty caused by the coronavirus......
Reuters - Business

Nissan’s China sales drop 44.9% in March due to virus

Reuters
FILE PHOTO: A Nissan logo is pictured during the media day for the Shanghai auto show in Shanghai, China April 16, 2019. REUTERS/Aly Song/File Photo BEIJING (Reuters) – Japanese automaker Nissan (7201.T) said on Wednesday its sales in China fell 44.9% from a year earlier to 73,297 units in March,......
Reuters - Business

Trump says $70 billion in coronavirus rescue loans authorized. But where’s the cash?

Reuters
WASHINGTON (Reuters) – Roughly $70 billion of a $350 billion pot of loans to cover the payrolls of ailing small businesses have been originated by U.S. lenders in recent days, President Donald Trump said on Tuesday, adding that that money was “essentially loaned.” The downtown district of Washington, looking east......
Reuters - Business

Amazon testing disinfectant fog at New York warehouse after coronavirus protests

Reuters
(Reuters) – Amazon.com Inc is testing the use of disinfectant fog at a warehouse in Staten Island, New York starting on Tuesday, the company told Reuters, following worker protests over the risk of coronavirus infection at the site. FILE PHOTO: Protesters are seen at Amazon building during the outbreak of......
Reuters - Business

Wall Street volatility raises fears of another selloff

Reuters
(Reuters) – The evaporation of a rally on Wall Street in the closing minutes of Tuesday’s session shows that many investors fear the U.S. stock market is in danger of a renewed tumble due to uncertainty surrounding the coronavirus pandemic. FILE PHOTO: A man crosses a nearly deserted Nassau Street......
Reuters - Business

Jobless Americans to see extra payments as soon as this week

Reuters
WASHINGTON (Reuters) – Americans who have lost their jobs due to the coronavirus outbreak will start getting enhanced jobless benefits as soon as this week as states deploy hundreds of billions of dollars in federal aid, state officials said on Tuesday. FILE PHOTO: People gather at the entrance for the......

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