Perdue Foods enters crowded plant-based alternative meat market
Perdue Foods, one of America’s largest chicken producers, said it will sell frozen chicken nuggets mixed with cauliflower, chickpeas and plant protein to address a growing demand for products combining meat and vegetables.
Mexico ready to retaliate if U.S. imposes tariffs: minister
Mexico will be ready to retaliate in kind if the U.S. government imposes tariffs on Mexican exports to the United States, Mexican Economy Minister Graciela Marquez said on Friday.
Bumble owner to spend $100 million on dating apps
The owner of dating app Bumble said on Friday it would revamp its holding structure and spend $100 million, as it looks to better compete with Match Group’s Tinder.
Italy’s industry ministry open to any discussions on Alitalia, including with Atlantia
Italy’s industry ministry is open to discussions with any investor interested in the rescue of troubled carrier Alitalia, including infrastructure group Atlantia, two sources with knowledge of the matter said on Friday.
Exclusive: Mexico blamed Walmart’s size, access to rivals’ data in blocking app deal
Mexican officials blocked Walmart Inc’s deal to buy delivery app Cornershop because Walmart could not guarantee a level playing field for rival retailers, whose customers use the app to order groceries and other goods, according to an official document…
Wall Street steadies, Broadcom warning hits chip stocks
U.S. stocks were flat to lower in late afternoon trading on Friday, though a warning from Broadcom of a broad weakening in global demand weighed on chipmakers.
Global stocks edge lower on data, oil rises on geopolitical fears
Equity markets lost ground on Friday as weak Chinese data stoked investor anxieties over a global growth slowdown and mounting fears of a U.S.-Iran confrontation added to geopolitical uncertainty, sending oil prices higher.
Airbus urges UTC not to be distracted by Raytheon deal
Airbus said on Friday it had urged United Technologies to “keep its eye on the ball” in its role as a commercial aerospace supplier as it moves toward a planned merger with U.S. defense contractor Raytheon.
Bombardier opening new California rail-car assembly site
Canada’s Bombardier is opening a new facility in California that will assemble rail cars for San Francisco’s rapid transit system by year’s end, and potentially serve other West Coast rail projects.
Strong U.S. retail sales improve economy’s fortunes
U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that eased fears the economy was slowing down sharply in the second quarter.
