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May 24, 2022

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Biden says first shipments of baby formula flying in from Europe this weekend

Reuters
May 20 (Reuters) – The first shipments of infant formula from Europe to address a critical shortage in the United States should begin arriving this weekend, President Joe Biden said on Friday amid criticism of his administration’s handling of the issue. Biden said on Twitter the initial military cargo plane......

Biden invokes Defense Production Act to increase infant formula supply

Reuters
WASHINGTON, May 18 (Reuters) – President Joe Biden took steps on Wednesday to address the shortage of infant formula in the United States, invoking the Defense Production Act to help manufacturers obtain the ingredients needed to ramp up supply, the White House said. Biden also directed U.S. agencies to use......

Imperial Brands says no ‘buyback’ clause in Russia exit

Reuters
Packs of Gauloises cigarettes are on display in a tobacco shop in Vienna, Austria, May 12, 2017. REUTERS/Leonhard Foeger Register now for FREE unlimited access to Reuters.com Register LONDON, May 17 (Reuters) – Imperial Brands (IMB.L) said on Tuesday the terms of its recent agreement to exit Russia did not......

Funeral services firm Dignity names industry veteran Kate Davidson as CEO

Reuters
May 16 (Reuters) – UK funeral services provider Dignity Plc (DTY.L) said on Monday it appointed industry veteran Kate Davidson as its chief executive officer, just months after she joined the board. Davidson will have her hands full once she takes up the top role on June 10 as the......

EQT pushes back Galderma IPO plans amid market turmoil – sources

Reuters
A Swiss flag is pictured on the Federal Palace (Bundeshaus) in Bern, Switzerland December 7, 2018. Picture taken December 7, 2018. REUTERS/Denis Balibouse/ Register now for FREE unlimited access to Reuters.com Register LONDON, May 13 (Reuters) – EQT (EQTAB.ST) is delaying listing plans for its $22 billion skincare firm Galderma......

Unilever warns of more price hikes as cost pressures build

Reuters
Unilever logo is displayed in this illustration taken on January 17, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Q1 underlying sales up 7.3% vs forecast up 4.4% Q1 prices up 8.3%, volumes down 1% Raises H2 cost inflation forecast to 2.7 bln euros April 28......

L’Oreal flags firm demand for high end beauty products as first-quarter sales rise 13.5%

Reuters
A woman walks by the logo of French cosmetics group L’Oreal in the western Paris suburb of Levallois-Perret, France, February 7, 2020. REUTERS/Gonzalo Fuentes/File Photo Register now for FREE unlimited access to Reuters.com Register PARIS, April 19 (Reuters) – Cosmetics group L’Oreal (OREP.PA) beat expections for first-quarter sales growth on......

Morning Bid: Keeping it real – Reuters

Reuters
Morning Bid: Keeping it real Reuters Source – For more click here To Return to the Main Aggregate News Page – click here Break’n Pics – Click here for Free Stock Photos...

Biden administration holds EV industry meeting with Musk, Barra

Reuters
WASHINGTON, April 6 (Reuters) – The Biden administration said senior officials held a meeting Wednesday with major automotive leaders including Tesla (TSLA.O) Chief Executive Elon Musk and General Motors (GM.N) Chief Executive Mary Barra to discuss electric vehicles and charging. The administration said in a statement “there was broad consensus......

Analysis: Western companies wrestle with Russia ‘half-exits’

Reuters
March 18 (Reuters) – Western companies that maintain a presence in Russia to provide essential goods such as food and medicines are trying to strike a balance between President Vladimir Putin’s government and advocates of Ukraine pulling them in opposite directions. More than 400 companies have withdrawn from Russia since......

FTSE 100 notches best week in over year

Reuters
British five pound banknotes are seen in this picture illustration taken November 14, 2017. REUTERS/Benoit Tessier/Illustration Register now for FREE unlimited access to Reuters.com Register Ted Baker jumps on a potential bid Glencore gains after buy rating from HSBC FTSE 100 up 0.3%, FTSE 250 gains 0.9% March 18 (Reuters)......

Many Nike stores remain open in Russia over a week after closure announcement

Reuters
A customer is reflected in a shop window decorated with Nike store logo at the outlet village Belaya Dacha outside Moscow, Russia, April 23, 2016. REUTERS/Grigory Dukor Register now for FREE unlimited access to Reuters.com Register LONDON, March 11 (Reuters) – Many Nike stores throughout Russia were open on Friday......

Japan’s Uniqlo makes U-turn to exit Russia as Britain hits oligarchs

Reuters
March 10 (Reuters) – Japanese brands Uniqlo and Japan Tobacco made U-turns and said they were stopping business in Russia, joining the corporate crowd shunning Moscow on Thursday, and Britain escalated sanctions against oligarchs including Chelsea soccer club owner Roman Abramovich. Investment bank Goldman Sachs (GS.N) became the first U.S.......

Nestle, tobacco groups latest companies to pull back from Russia

Reuters
March 9 (Reuters) – Nestle(NESN.S), Philip Morris (PM.N)and Imperial Brands (IMB.L)joined the list of multinationals stepping back from Russia on Wednesday as pressure mounts from consumers in the West to take a stand against the invasion of Ukraine. The world’s biggest packaged food group fell into line with rivals Procter......

Shell stops buying Russian crude as Moscow’s isolation deepens

Reuters
Shell to withdraw entirely from Russia Nickel trading halted in London after price surge Volkswagen stops taking orders for plug-in vehicles LONDON, March 8 (Reuters) – Shell (SHEL.L) stopped buying oil from Russia and said it would cut links to the country entirely on Tuesday, as Moscow’s economic isolation looked......

Ukrainians escape besieged Sumy through evacuation corridor

Reuters
Russian offensive significantly slower, says Ukraine Second senior Russian commander killed, says Ukraine Frightened residents flee cradling babies and pets Oil price rises as U.S. considers Russia import ban Russia warns it could turn off gas pipeline to Germany WASHINGTON/LVIV, Ukraine, March 8 (Reuters) – The White House is expected......

U.S. weighs cutting Russian oil imports amid broad public support

Reuters
A general view shows a local oil refinery behind residential buildings in Omsk, Russia February 10, 2021. REUTERS/Alexey Malgavko Register now for FREE unlimited access to Reuters.com Register WASHINGTON, March 4 (Reuters) – The Biden administration weighing cutting U.S. imports of Russian oil and ways to minimize the impact on......

$10 toothpaste? U.S. household goods makers face blowback on price hikes

Reuters
A display of Colgate toothpaste is seen on a store shelf in Westminster, Colorado April 26, 2009. REUTERS/Rick Wilking/Files Register now for FREE unlimited access to Reuters.com Register March 1 (Reuters) – Get ready for the $10 tube of toothpaste. Colgate-Palmolive Co (CL.N) CEO Noel Wallace said last week at......

Tesla, Overstock.com, Rackspace Technology, Palo Alto Networks

Reuters
U.S. stocks slipped on Wednesay after giving up all of the opening gains as reports of cyberattacks on several Ukrainian state websites added to fears about escalating tensions with Russia. At 10:42 ET, the Dow Jones Industrial Average (.DJI) was down 0.21% at 33,525.02. The S&P 500 (.SPX) was down......

U.S., Chinese beauty appetite fuel L’Oreal forecast-beating Q4 sales

Reuters
The logo of French cosmetics group L’Oreal is pictured in a retail store in Bordeaux, France, October 29, 2019. REUTERS/Regis Duvignau Register now for FREE unlimited access to Reuters.com Register PARIS, Feb 9 (Reuters) – Holiday spending in the U.S. and China helped L’Oreal (OREP.PA) beat growth expectations over the......

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