(Reuters) -Mondelez International on Thursday raised its full-year growth forecasts for the second time this year, helped by robust demand for the Oreo maker’s snacks and chocolates despite several rounds of price increases. Shares of the Cadbury chocolate maker rose 2.7% in after-hours trading as it also beat estimates for the second quarter. Major packaged-food…
By Carolina Mandl and Herbert Lash (Reuters) – U.S. stocks ended lower on Thursday after news that the Bank of Japan will allow long-term interest rates to rise sent U.S. yields higher, snapping the longest winning streak for the Dow since 1987. The Nikkei newspaper reported the central bank will maintain its 0.5% cap for…
(Reuters) – SIGA Technologies Inc on Thursday said it has won a new contract for its antiviral drug, Tpoxx, from the U.S. Department of Health and Human Services, sending the company’s shares up about 20% after the bell. The order is for delivery of about $113 million worth of oral Tpoxx treatment courses and about…
By Jonathan Allen (Reuters) -The U.S. Department of Justice’s Civil Rights Division has opened an investigation into whether the Memphis Police Department has an unconstitutional “pattern or practice” of using excessive force and racial discrimination, department officials announced on Thursday. Earlier this year, the Justice Department agreed to join city officials and other agencies in…
(Reuters) -Roku forecast upbeat third-quarter revenue and posted market-beating results for the second quarter on improved ad sales, sending the shares of the streaming device maker up 9% after the bell. After several months of muted spending, companies are raising their expenditure on ads on signs of cooling inflation and improving consumer sentiment. “We have…
By Joseph White, Paul Lienert and Nathan Gomes (Reuters) -Ford Motor Chief Executive Jim Farley on Thursday outlined a significant change in the automaker’s product strategy, slowing the ramp-up of money-losing EVs, shifting investment to Ford’s commercial vehicle unit and citing plans to quadruple sales of gas electric hybrids over the next five years. He…
By Rachel Nostrant (Reuters) – An 11-year-old Florida girl was arrested and charged with filing a false police report for allegedly claiming a man with a gun kidnapped her best friend, a sheriff said on Thursday. The girl told authorities that she had made the call as part of a social media trend in which…
By Lewis Jackson SYDNEY (Reuters) – Foreign bank lending to Australian office real estate hit a record high in the first quarter as overseas lenders continued to stump up cash for a struggling corner of the property market out of favour with local banks. Foreign bank loans to Australian office property rose by A$1.2 billion…
NEW YORK (Reuters) – A look at the day ahead in Asian markets from Stephen Culp, financial markets columnist. Could this be a landmark day for the Bank of Japan? Asian markets are likely to come under pressure on Friday, backing down from five-month highs as the Bank of Japan opens the door to allowing…
UNITED NATIONS (Reuters) – The United States supports the United Nations Security Council’s taking action to de-escalate the situation in Niger, a spokesperson for the U.S. UN mission said on Thursday after soldiers in the African country declared a coup. U.S. Ambassador to the U.N. Linda Thomas-Greenfield spoke to Niger’s president, Mohamed Bazoum, on Thursday,…
