×

Retail Distributors

  • *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...

  • WASHINGTON, Jan 27- U.S. economic growth likely slowed in the fourth quarter as a plunge in shipments of soybeans weighed on exports, but a healthy increase in consumer spending and rising business investment should underscore the economy's underlying momentum. The government will publish its first estimate of fourth-quarter GDP on Friday at 8:30 a.m..

  • Net income attributable to McKesson was $633 million, or $2.85 per share, in the third quarter ended Dec. 31, from $634 million, or $2.73 per share, a year earlier. Revenue rose to $50.13 billion from about $47.90 billion, compared with estimates of about $50.50 billion. McKesson said on Wednesday it expects adjusted earnings from continuing operations of $12.60-...

  • Jan 25- Drug wholesaler McKesson Corp said it would buy privately held CoverMyMeds for about $1.1 billion to strengthen its technology offerings to pharmaceutical manufacturers, clinicians and health insurers. Net income attributable to McKesson was $633 million, or $2.85 per share, in the third quarter ended Dec. 31, from $634 million, or $2.73 per share, a year...

  • BRUSSELS, Jan 24- U.S. online retailer Amazon has offered to alter its e-book contracts with publishers in a bid to end an EU antitrust probe and stave off a possible fine, the European Commission said on Tuesday. Amazon, the biggest e-book distributor in Europe, proposed to drop some clauses in its contracts so publishers will not be forced to give it terms as good as...

  • WASHINGTON, Jan 10- U.S. wholesale inventories in November rose slightly more than previously reported, posting their largest gain in two years and suggesting inventory investment would again support economic growth in the fourth quarter. The Commerce Department said on Tuesday wholesale inventories rose 1.0 percent after slipping 0.1 percent in October.

  • WASHINGTON, Dec 29- A drop in U.S. exports last month pushed the country's trade deficit in goods higher while the number of Americans filing for unemployment benefits fell last week in a positive sign for the labor market. In an initial estimate that does not include trade in services, the Commerce Department said the country exported $1.2 billion less in...

  • SURAT, India/ TORONTO, Dec 27- The global diamond industry is facing disruption that could stretch through the first few months of next year, including Valentine's Day in February, as a result of Indian Prime Minister Narendra Modi's radical move to abolish most of the nation's cash overnight. The lack of cash is not the only problem for an industry that employs 1...

  • *S&P 500 marks high for third straight day. NEW YORK, Dec 9- Major U.S. stock indexes powered to another day of fresh record highs on Friday, with the S&P 500 ending the week up 3 percent, as investors bid up shares in sectors that have lagged in the month-long rally since Donald Trump's presidential election. "You have this post-election exuberance that has been...

  • *S&P 500 marks high for third straight day. Dec 9- Major U.S. stock indexes powered to another day of fresh records on Friday as investors bid up shares in sectors that have lagged in the month-long rally since Donald Trump's presidential election. "You have this post-election exuberance that has been infecting every area of the market," said Peter Costa, president...

  • *Europe and Asia's top banana distributors to join forces. DUBLIN, Dec 9- Japan's Sumitomo Corp has agreed to buy Fyffes for 751 million euros in a deal that will merge the largest banana distributors in Asia and Europe and provide a windfall to shareholders in the Irish company. Sumitomo said it had secured acceptances from 27 percent of shareholders, including...

  • WASHINGTON, Dec 9- U.S. wholesale inventories fell as previously reported in October amid a surge in sales, supporting views that inventory investment would provide a modest boost to economic growth in the fourth quarter. The Commerce Department said on Friday that wholesale inventories decreased 0.4 percent after rising 0.1 percent in September.

  • DUBLIN, Dec 9- Sumitomo Corp is to buy Europe's biggest banana importer Fyffes for 751 million euros in a deal that aims to diversify and expand the Japanese trading company's business. Sumitomo is offering 2.23 euros in cash per share, a 49 percent premium to Thursday's price, and said it had secured acceptances from 27 percent of shareholders, including Balkan...

  • DUBLIN, Dec 9- Sumitomo Corp is to buy Europe's biggest banana importer Fyffes for 751 million euros in a deal that aims to diversify and expand the Japanese trading company's business. Sumitomo is offering 2.23 euros in cash per share, a 49 percent premium to Thursday's price, and said it had secured acceptances from 27 percent of shareholders, including Balkan...