Pepsi withdraws Indian potato farmer lawsuits after political pressure
PepsiCo Inc has agreed to withdraw lawsuits against Indian potato farmers it alleged infringed a patent by cultivating a variety grown exclusively for its Lay’s potato chips.
Slide in energy stocks push Wall Street lower
Wall Street’s main indexes slipped on Thursday, as a slide in energy stocks added to the gloom after the Federal Reserve dampened expectations of an interest rate cut this year.
Google spends hundreds of millions of dollars on content review: letter
Alphabet Inc’s Google unit told a U.S. House panel it spends hundreds of millions of dollars annually on content review and said it manually reviewed more than 1 million suspected “terrorist videos” on YouTube in the first three months of 2019.
Exclusive: Tesla expects global shortage of electric vehicle battery minerals – sources
Tesla Inc expects global shortages of nickel, copper and other electric-vehicle battery minerals down the road due to underinvestment in the mining sector, the company’s global supply manager for battery metals told an industry conference on Thursday, …
DowDuPont profit falls 28 percent on delayed shipments, weak chemical demand
DowDuPont Inc posted a 28 percent slump in quarterly profit on Thursday, as floods in the United States delayed seed shipments and demand for its specialized chemicals used by the auto and smartphone industries declined, sending shares down about 6 per…
Wall Street turns lower as oil stocks drag
U.S. stocks headed lower on Thursday as a slide in energy stocks added to gloom after the Federal Reserve quashed hopes of interest rate cuts this year.
Bombardier to shed Belfast in revamp, shares slide on forecast fears
Bombardier put its Belfast wing-making factory on the block as part of a wider shake-up, while the plane and train maker’s failure to commit to meeting its 2020 goals sent shares lower.
U.S. first-quarter productivity strongest since 2014, labor costs subdued
U.S. worker productivity increased at its fastest pace in more than four years in the first quarter, depressing labor costs and suggesting inflation could remain benign for a while.
Global stocks fall, dollar, yields climb as Fed seen less likely to cut rates
Global equity markets dipped for a second straight day on Thursday and the dollar and bond yields rose as the Federal Reserve was now seen as less likely to cut U.S. interest rates this year in the wake of comments from Chairman Jerome Powell.
UK PM May under fire after Huawei leak sacking
Theresa May hoped firing her defense secretary over a leak would put her latest government scandal to rest. But it seems only to have unleashed yet another political storm for the British prime minister, with members of her own party questioning her ju…
