MINNEAPOLIS— The Roman Catholic Archdiocese of St. Paul and Minneapolis has assets totaling more than $45 million— including about $11 million in real estate— according to a schedule of assets and liabilities filed Friday in U.S. Bankruptcy Court. Archdiocese leaders have said bankruptcy is the best way to fairly compensate victims of clergy sexual abuse...» Read More
HONG KONG, Sept 29- Increasing civil unrest in Hong Kong is scaring off Chinese tourists, heaping further pressure on retailers which are already grappling with a protracted slowdown in sales.
Sept 27- U.S. cleaning products maker Clorox Co said the Venezuelan government's takeover of two of its plants after the company pulled out of the country raised "grave concerns" about the safety of workers and surrounding communities.
What's in the package might be the same, but for a variety of reasons, sometimes companies need to call products by another name outside their home country.
CARACAS, Sept 26- Venezuela's famed models and aspiring beauty queens are struggling to doll themselves up as shortages turn eye shadow and breast implants into coveted luxuries. "I exhaust myself visiting pharmacies, I look everywhere for makeup," said Ileanne Davila, a 19 year-old civil engineering student and model.
Sept 23- Procter& Gamble Co said it would sell the last of its pet food business to consumer products company Spectrum Brands Holdings Inc as it focuses on more profitable lines such as Tide detergent, Gillette razors and Pampers diapers.
AMSTERDAM, Sept 23- Philips said on Tuesday it would break its 120- year-old company in two, creating a stand-alone lighting business and merge consumer and healthcare divisions into a 15- billion euro business.
Sept 22- Home cleaning products maker Clorox Co said it was discontinuing operations in Venezuela as the business was no longer viable and that it was looking to sell its assets there. Venezuela devalued its currency bolivar last year, which forced a number of consumer goods companies such as Colgate-Palmolive Co and Avon Products Inc to slash product prices.
Sept 18- Home cleaning products maker Clorox Co said Chief Executive Donald Knauss was stepping down after eight years at the helm. He started his career at The Coca-Cola Co and went on to join PepsiCo Inc and Procter& Gamble Co before joining Clorox. Oakland, California- based Clorox's shares were little changed on the New York Stock Exchange on Thursday.
*Consumer-facing UK shares to suffer on rate hike concerns. Although the timing and scale of any rate rise remains uncertain, some investors are pulling back from the UK consumer goods sector on perceptions that credit-fuelled demand will be squeezed in the short term.
HAVANA, Sept 1- Cuba has raised duties and restricted imports on consumer goods brought in by air travelers or sent by mail, imposing greater hardship for a fledgling private sector and angering people looking to counter chronic shortages. The duty is now $250 on a 32- inch screen, $400 for those between 32 and 42 inches and $500 on even bigger models.
HAVANA, Sept 1- Cuba has raised duties and restricted imports on consumer goods brought in by air travelers or sent by mail, imposing greater hardship for a fledgling private sector and angering people looking to counter chronic shortages.
*Russia: Humanitarian convoy issue resolved, but no cease-fire. NEW YORK, Aug 18- U.S. stocks surged on Monday, with the Dow up roughly 1 percent and the Nasdaq at a 14- year high as increasing homebuilder confidence and hopes for receding tensions between Russia and Ukraine brightened investors' view of the outlook for equities.
*Dollar General offers to buy Family Dollar. Russia said all issues related to its humanitarian convoy to Ukraine had been resolved but said no progress has been made toward a ceasefire or political solution to the fighting in the east of the country after talks between Russia, Germany, France and Ukraine on Sunday.
CNBC's Sara Eisen provides insight to the big business of adult diapers.
LONDON, Aug 6- The U.S. economy continues to recover from the depths of the Great Recession, although its speed, trajectory and cruising altitude remain the subject of fierce debate. Instead, companies have chosen to dip into their collective $1.8 trillion pile of cash to re-hire workers, fund merger and acquisitions activity or buy back their own shares.
BERLIN, Aug 6- German industrial orders fell in June at their steepest rate since September 2011 as euro zone demand weakened and bulk orders were below average, with the Economy Ministry suggesting this was in part due to uncertainty over the Ukraine crisis.
Bayer will acquire the consumer care business of U.S.-based Merck & Co for $14.2 billion in cash, the company said in a statement Tuesday.
Today Show investigative correspondent Jeff Rossen ordered flowers from some of the biggest names in the business, including 1-800-Flowers, and compared the arrangements to their advertisements.
A Reuters study found that Iran's Ayatollah Khamenei controls a massive financial empire built from property seizures from ordinary Iranians.
Kasper Rorsted, Henkel CEO, provides his views on the state of the global economy and Europe's economic recovery.