Starbucks deal gives Nestle more punch in fight with JAB
LONDON/ZURICH/LOS ANGELES (Reuters) – Nestle’s $7 billion licensing deal for Starbucks’ retail business gives it a much-needed boost in its battle against JAB, the privately owned investment firm stirring up the coffee industry with a string of deals…
Boeing CEO says end of Iran deal won’t hurt 737 production
WASHINGTON (Reuters) – Boeing Co’s chief executive said on Wednesday the company will ensure its 737 production will not be hurt after the United States revoked its license to sell jets to IranAir and that none of the 737 aircraft it had expected to s…
Kraft Heinz seeks buzz for big brands as rivals’ valuations come down
OMAHA, Neb. (Reuters) – Ketchup, bologna and Jell-O don’t excite Wall Street. But a big deal might whet its appetite for Kraft Heinz Co .
Amazon to let customers install tires at Sears stores
(Reuters) – Amazon.com struck a deal with Sears Holdings Corp to provide tire services, boosting traffic at the ailing department store and extending the online retailer’s growing stable of alliances with brick-and-mortar companies.
Wall Street climbs on oil rally after U.S. exits Iran deal
(Reuters) – U.S stocks advanced on Wednesday as a surge in oil prices boosted energy stocks following President Donald Trump’s decision to withdraw the United States from a nuclear deal with Iran.
Oil soars after Trump dumps Iran nuclear deal, stocks gain
NEW YORK (Reuters) – Crude oil prices rose to 3-1/2-year highs on Wednesday following President Donald Trump’s decision to withdraw the United States from a nuclear deal with Iran, a move that helped lift equity markets as Exxon Mobil, Chevron and othe…
Big Gulf Arab economies may be winners as U.S. exits Iran deal
DUBAI (Reuters) – Surging oil prices mean the big Arab countries of the Gulf — especially Saudi Arabia — look set to gain financially as well as politically from U.S. President Donald Trump’s decision to pull out of the Iran nuclear deal.
Walmart to buy controlling stake in India’s Flipkart for $16 bln
MUMBAI/NEW YORK (Reuters) – Walmart Inc will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart, the U.S. retailer’s largest-ever deal, in an attempt to compete with rival Amazon.com Inc in a key growth market.
U.S. producer prices rise slightly after recent solid gains
WASHINGTON (Reuters) – U.S. producer prices barely rose in April after strong gains in the first quarter, held down by a moderation in the cost of both goods and services, which could ease fears that inflation pressures were rapidly building up.
Wall Street rises as oil rally boosts energy stocks
(Reuters) – U.S. stocks rose on Wednesday, with shares of energy companies getting a boost from surging oil prices after President Donald Trump decided to pull the United States out of a nuclear deal with Iran.
