U.S. stocks closed lower as investors weighed mostly lackluster economic data and a renewed decline in oil, amid overseas news.» Read More
WASHINGTON, June 10- The U.S. House of Representatives on Wednesday voted to repeal meat labeling laws, which were widely backed by U.S. consumer groups, after Canada and Mexico threatened $3 billion in trade sanctions. Some of the biggest U.S. food and beverage companies, including Pepsico Inc, Tyson Foods Inc, the U.S. arm of Nestlé, Coca-Cola Co, Anheuser-Busch and...
To reach today's youth, brands such as PayPal and Stubhub are creating physical experiences at concerts to get in front of new consumers.
*Group CEO Paul Bulcke to speak in New Delhi. *India's most significant food scare in last decade. MUMBAI, June 5- Nestle SA will pull its Maggi instant noodles from stores across in India, withdrawing one of the country's most popular snacks after weeks of damaging headlines triggered by regulators' reports that some packs contained excess lead.
MUMBAI, June 5- Food group Nestle has withdrawn Maggi instant noodles from sale in India citing "an environment of confusion for consumers," after a food scare triggered by a domestic regulator's report that some packs of the popular snack contained excess lead. Sales of Maggi noodles in India represent a tiny fraction of Nestle's company-wide revenue of almost...
The Coca-Cola Company has unveiled a plastic bottle that is made entirely from renewable plant material.
JPMorgan CEO Jamie Dimon has likely joined the 10-figure club.
On Friday, Blatter—who has led soccer's governing body since 1998—won re-election as president amid an ongoing corruption probe.
Some of the most recognizable American food and beverage brands have fallen out of favor with U.S. consumers, while smaller brands are gaining favor.
A cleantech company that has attracted deep-pocketed investors like the Walton family is ripe for an IPO. Is 2015 the year it goes public?
Some of the names on the move ahead of the open.
NEW YORK, May 28- Visa Inc's public warning to FIFA that it may end its sponsorship if world soccer's governing body does not quickly clean up its act will likely prompt other sponsors to take a tough stance as a major corruption scandal involving FIFA unfolds, brand experts said. After U.S. prosecutors indicted nine FIFA officials and five sports media and...
The finer details of Wednesday's indictment against FIFA officials appears to implicate one U.S. household name in particular.
The "Fast Money" traders give their final trades of the day.
*Forecasts Q2 rev $270 mln- $274 mln vs est $272.4 mln. May 26 (Reuters)- Human resource software company Workday Inc forecast current-quarter billings below market expectations and reported a bigger quarterly net loss due to higher spending on marketing and product development. That number fell below market research firm FactSet StreetAccount's estimate of...
May 26- Workday Inc's quarterly net loss widened by 3.6 percent as the human resource software company spent more on marketing and product development. The company, whose rivals include SAP SE and Oracle Corp, said net loss widened to $61.6 million, or 33 cents per share in the first quarter ended April 30, from $59.4 million, or 32 cents per share, a year earlier.
May 26- Data storage products maker EMC Corp said it would buy privately held Virtustream for about $1.2 billion in cash to expand its cloud offerings. EMC has been looking to strengthen its cloud services offerings as it struggles with slowing sales growth in its main data storage products business. "With the addition of Virtustream, EMC will enable customers...
DHAKA, May 25- An IT manager at a subsidiary of Coca-Cola Co was one of two men arrested in Bangladesh on suspicion of planning to fight for Islamic State in Syria, police and company sources said on Monday. The pair were detained during a raid in the capital Dhaka on Sunday night, said Sheik Nazmul Alam, a senior official of the police detective branch.
DHAKA, May 25- One of two men arrested in Bangladesh as a suspected member of Islamic State was an IT manager at a subsidiary of Coca-Cola Co, police and company sources told Reuters on Monday.
U.S. stocks closed narrowly mixed as the Fed minutes mostly confirmed market expectations for a rate hike in the second half of the year.
SAO PAULO, May 19- Whirlpool Corp and Anheuser-Busch InBev on Tuesday started selling a countertop appliance that makes soda, juice and coffee with single-serve capsules, marking the start of a joint venture worth more than $70 million. Last year, the Coca-Cola Co invested an initial $1.25 billion in Keurig Green Mountain Inc as part of a plan to sell its soft...