U.S. shoppers are giving plant-based burgers a pass. Plant-based meat company Beyond Meat said Thursday that its sales dropped in the fourth quarter due to weak U.S. retail demand. It was the third quarter in a row that the company’s U.S. retail sales saw double-digit declines. El Segundo, California-based Beyond Meat said its net revenue…
WASHINGTON (AP) — Federal Reserve Governor Christopher Waller said Thursday he is willing to support a half-point interest rate hike at the central bank’s next meeting in March if upcoming data suggests inflation is worsening. Waller’s comments, in a speech at the University of California, Santa Barbara, underscore the range of opinion among Fed officials…
By Svea Herbst-Bayliss (Reuters) – Hedge fund Sachem Head Capital Management has taken a stake in Anaplan Inc and may decide to press the business planning software company to make changes, two sources familiar with the matter told Reuters. The position is said to be comprised of common shares and cash settled swaps, putting Sachem…
By Julia Love (Reuters) – A group of Amazon.com Inc workers seeking to form a union in New York filed a charge with U.S. labor regulators on Thursday after a high-profile organizer and a pair of employees were arrested outside a company warehouse, according to documents obtained by Reuters. Amazon organizer Christian Smalls told Reuters…
NEW YORK (Reuters) -The California State Teachers’ Retirement System (CalSTRS), the second largest U.S. pension fund, said on Thursday it had investments in Russia and was monitoring potential risks to its portfolio after Russia’s invasion of Ukraine. “CalSTRS will follow any relevant financial sanctions levied by the United States Government,” a spokesperson said in an…
MEXICO CITY (Reuters) -Grupo Televisa , Mexico’s largest broadcaster, reported on Thursday an 8.6% dip in net profit in the fourth quarter compared with a year earlier due to lower operating segment income and fewer recharges of prepaid packages. The company posted a fourth-quarter net profit of 3 billion pesos ($148 million), compared with 3.3…
WASHINGTON/BRUSSELS (Reuters) – The United States and the European Union have opted not to cut Russia off from the SWIFT global interbank payments system as part of their sanctions against Moscow for invading Ukraine, but could revisit that issue, U.S. President Joe Biden said on Thursday. Asked why that step was not taken, Biden told…
By David Henry and Matt Scuffham NEW YORK (Reuters) – The sale of Citigroup’s Russian consumer bank could be complicated by U.S. sanctions on Russian state bank VTB, the only publicly confirmed bidder, banking sources said on Thursday. Although the Russian business is small for Citigroup, it presents an unwelcome headache for the bank’s Chief…
MOSCOW (Reuters) – Russia’s biggest bank Sberbank said on Friday it was operating normally but was studying the implications of sanctions imposed against it after Russia’s invasion of Ukraine. The bank said its systems were operating as usual and there were no restrictions on withdrawing or depositing roubles and foreign currencies. The U.S. Treasury on…
By Alexandra Alper and Karen Freifeld WASHINGTON (Reuters) -The Biden administration announced sweeping export restrictions against Russia on Thursday, hammering its access to global exports of goods from commercial electronics and computers to semiconductors and aircraft parts. The controls, announced by the Commerce Department and first reported by Reuters, rely on a dramatic expansion of…
