(Reuters) – Oreo-maker Mondelez International said on Thursday it has scaled down operations in Russia and plans to make it a stand-alone business with a self-sufficient supply chain before the end of the year. The Chicago-based snack maker, which has faced a widening corporate boycott in the Nordic region over its presence in Russia, said…
By Andrew Gray and Sabine Siebold BRUSSELS (Reuters) -Top U.S. defence officials said on Thursday Ukraine faces a tough fight in its counter-offensive against Russian forces and urged Kyiv’s allies to “dig deep” to provide more arms and ammunition. “Ukraine has begun their attack and they are making steady progress. This is a very difficult…
By Lisa Baertlein and Kanjyik Ghosh (Reuters) -The Longshore union and employers of 22,000 dockworkers at U.S. West Coast ports on Wednesday said they have reached a tentative deal on a new six-year contract, ending 13 months of talks and easing supply chain worries. The deal was reached with assistance from Acting U.S. Labor Secretary…
(Reuters) – Unilever said on Wednesday it is set to acquire frozen yogurt brand Yasso Holdings in North America, adding to its roster of premium ice-cream brands like Ben & Jerry’s, Magnum, and Talenti. The consumer goods giant said its acquisition of Boulder, Colorado-based Yasso falls in line with its strategy to upscale the ice…
By Chris Taylor NEW YORK (Reuters) -No matter how successful you may be – even as a founder, president, or CEO – none of us start out that way. We absorb life lessons from the people around us, very often our parents. In honor of Father’s Day, Reuters asked a few C-Suite leaders about a…
WASHINGTON (Reuters) – U.S. business inventories rebounded in April, boosted by stocks at manufacturers, suggesting that inventories could contribute to economic growth in the second quarter. Business inventories increased 0.2% after dropping 0.2% in March, the Commerce Department said on Thursday. The rebound in inventories, a key component of gross domestic product, was in line…
By Jonathan Stempel NEW YORK (Reuters) – CoinEx agreed to pay $1.8 million and be banned from operating in New York to settle state Attorney General Letitia James’ lawsuit accusing the cryptocurrency exchange of operating illegally because it failed to register with the state. A proposed settlement was filed on Wednesday in a New York…
WASHINGTON (Reuters) – The United States targeted North Korea’s missile development in fresh sanctions, issuing the punitive action after South Korea earlier on Thursday said its neighbor fired two short-range missiles. The South Korean military said North Korea fired two short-range missiles off its east coast on Thursday, less than an hour after Pyongyang warned…
WASHINGTON (Reuters) – Production at U.S. factories almost stalled in May as manufacturing struggled under the weight of higher interest rates, data showed on Thursday. Manufacturing output edged up 0.1% last month, the Federal Reserve said. Data for April was revised slightly lower show production at factories surging 0.9% instead of 1.0% as previously reported….
(Reuters) – Manufacturers in the U.S. Northeast grew more optimistic about the near-term business outlook this month even as current conditions remained mixed across the region. Monthly surveys of goods producers from the Federal Reserve banks of Philadelphia and New York on Thursday both showed the six-month outlook at 15-month highs. Manufacturers in both districts,…
