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Retail Distributors

  • April 27- Duracell, a unit of Warren Buffett's Berkshire Hathaway Inc, on Thursday filed a lawsuit accusing a Missouri wholesaler of illegally selling gray market versions of its copper-top alkaline batteries. According to a complaint filed in federal court in Chicago, JRS Ventures Inc is importing and selling batteries made in China that were intended for...

  • CHICAGO, April 21- Target Corp, Wal-Mart Stores Inc and other retailers are shelving considerations to move supply bases closer to the United States in the face of a possible border tax, banking instead on killing support for the tax idea in Congress. The decision by retailers to forestall supply chain investment in countries such as Bolivia and Romania to focus...

  • CHICAGO, April 21- Target Corp, Wal-Mart Stores Inc and other retailers are shelving considerations to move supply bases closer to the United States in the face of a possible border tax, banking instead on killing support for the tax idea in Congress. The decision by retailers to forestall supply chain investment in countries such as Bolivia and Romania to focus...

  • OKLAHOMA CITY— The Cherokee Nation sued distributors and retailers of opioid medications on Thursday, alleging the companies have contributed to "an epidemic of prescription opioid abuse" within the tribe and have not done enough to prevent tribal members from acquiring illegally prescribed opioid painkillers. The lawsuit, filed in the Cherokee Nation...

  • Underlying UK sales rise for fifth straight quarter. LONDON, April 12- Tesco, Britain's biggest retailer, beat forecasts for annual profit as its recovery gained pace, potentially strengthening the hand of boss Dave Lewis as he seeks investor backing for his plan to buy wholesaler Booker. The supermarket group said its turnaround was ahead of schedule-- citing a...

  • *Underlying UK sales rise for fifth straight quarter. LONDON, April 12- Tesco, Britain's biggest retailer, beat forecasts for full-year profit as its recovery gained pace, potentially strengthening the hand of Chief Executive Dave Lewis as he seeks investor backing for his plan to buy wholesaler Booker. In addition to a 30 percent rise in its key profit measure,...

  • *Fourth-quarter UK underlying sales rise 0.7 pct. LONDON, April 12- Tesco, Britain's biggest retailer, beat forecasts for full-year profit, showing its recovery is gaining pace and boosting Chief Executive Dave Lewis as he seeks investor backing for his plan to buy wholesaler Booker. Annual like-for-like sales in its core UK market rose 0.9 percent- the first...

  • LONDON, April 12- Tesco, Britain's biggest retailer, beat forecasts for full-year profit, showing its recovery is picking up pace in a boost to CEO Dave Lewis as he seeks investor backing for his plan to buy wholesaler Booker. "We are confident that we can build on this strong performance in the year ahead," said Chief Executive Dave Lewis. By 2020, Lewis wants Tesco to...

  • LONDON, April 11- Tesco's annual results on Wednesday are likely to show the recovery at Britain's biggest retailer is picking up steam, potentially giving a boost to its stuttering campaign to win investor backing for a takeover of wholesaler Booker. Tesco is forecast to report a 33 percent rise in its key profit measure for its 2016-17 financial year, with a...

  • WASHINGTON, Feb 28- The U.S. economy expanded at a slower pace in the fourth quarter, as previously reported, and appeared to remain on a moderate growth path as President Donald Trump took office with a promise to reinvigorate manufacturing and protect jobs. He is expected to outline part of his program in a speech to Congress on Tuesday night.

  • *Spot gold was down 0.6 percent at $1,223 per ounce by 0110 GMT. On Wednesday, the metal touched its highest since Nov. 11 at $1,244.67. *The expected demise of transparency regulations for minerals and oil companies listed in the United States will not cloud the global drive for financial clarity in extractive industries, company executives told Reuters at an...

  • *New Zealand dollar slides on dovish central bank. NEW YORK, Feb 9- The dollar rose across the board on Thursday, posting its best one-day gain against the yen in three weeks, after comments from U.S. "It's been a broad-based dollar rally driven by the headlines that Trump plans to announce something phenomenal on taxes in the next few weeks, in his words," said Kathy Lien,...

  • LONDON, Feb 9- Gold slipped on Thursday from a three-month high in the previous session after robust U.S. economic data pointed to a stronger economy, increasing the likelihood that the Federal Reserve will raise U.S. interest rates. Spot gold was down 0.6 percent at $1,234.36 an ounce to $1,235.50. With gold striking $1,244.67, its highest since Nov. 11, on...

  • *Weekly jobless claims fall 12,000. WASHINGTON, Feb 9- The number of Americans filing for unemployment benefits unexpectedly fell last week to near a 43- year low, amid a further tightening of the labor market that could eventually spur faster wage growth. Initial claims for state unemployment benefits dropped by 12,000 to a seasonally adjusted 234,000 for the...

  • MELBOURNE, Feb 9- London copper edged off its highest since early February on Thursday though it still remained supported by supply risks that threaten to erode an expected modest surplus this year. The potential for supply disruptions has become an increasing focus in copper markets in the past month, Goldman Sachs said in a report, with workers at the world's...

  • MELBOURNE, Feb 9- London copper hovered near its highest since late November on Thursday as niggling supply risks threatened to corrode what is expected to be a modest surplus this year. The potential for supply disruptions has become an increasing focus in copper markets in the past month, Goldman Sachs said in a report, with workers at the world's largest mine...

  • SYDNEY, Feb 9- U.S. soybeans fell for the first time in four sessions on Thursday, retreating from a two-week high touched in the previous session, as traders squared positions ahead of a widely watched U.S. government report. *The most active soybeans futures on the Chicago Board Of Trade fell 0.33 percent to $10.55-1/ 4 a bushel, having firmed 1.5 percent on...

  • MELBOURNE, Feb 9- London copper hovered near its highest since late November on Thursday as niggling supply risks threatened to corrode what is expected to be a modest surplus this year. That followed a 1.7- percent gain in the previous session when prices climbed to $5,925, not far from a two-month peak of $6,007 a tonne hit on Feb. 1. *Shanghai Futures Exchange...

  • Feb 9- Gold slipped from 3- month highs on Thursday on profit taking, but political risks from elections in Europe and worries over U.S. *Investors are concerned about the strong showing in the French presidential race of far-right candidate Marine Le Pen, who has promised to take France out of the euro zone and to hold a referendum on European Union membership.

  • The recall involved certain cans made in the company's Franklin Park, Illinois, facility. "We believe this was a deliberate, malicious act by an individual or individuals familiar with the quality and safety procedures at its Franklin Park, IL facility", Altria said in a e-mailed statement. A majority of U.S. Smokeless Tobacco Company's cans made at a separate...