Nestle to pick U.S. chocolate business buyer by end of week: sources
MILAN/LONDON/NEW YORK (Reuters) – Food giant Nestle plans to pick a buyer for its U.S. chocolate business by the end of this week, three sources close to the matter said on Wednesday, in a deal expected to top $2.5 billion.
Kohl’s plans to lease unused store space to grocers, convenience stores
(Reuters) – Kohl’s Corp plans to lease space left vacant after shrinking some of its stores to retailers such as grocery stores or convenience stores, the company said on Wednesday.
Wall Street pares losses as financial stocks climb
(Reuters) – Wall Street’s major indexes pared earlier losses on Wednesday as higher U.S. government bond yields drove gains for banks and other financial stocks.
Ford sued by truck owners alleging diesel emissions cheating
DETROIT (Reuters) – Ford Motor Co installed software that enabled its F-250 and F-350 Super Duty trucks to cheat at passing federal emissions tests, according to a lawsuit by truck owners filed on Wednesday, a claim the No. 2 U.S. automaker described a…
U.S. import prices barely rise; wholesale inventories rebound
WASHINGTON (Reuters) – U.S. import prices recorded their smallest increase in five months in December and underlying imported price pressures were muted amid declining costs for food and consumer goods.
Pimco could add U.S. Treasuries if market weakens further: Ivascyn
NEW YORK (Reuters) – Pimco, one of the world’s biggest money managers, sees this week’s U.S. bond market selloff as a buying opportunity and is not ready to call the spike in 10-year Treasury yield to a nine-month high a bear market precursor.
Canada takes U.S. to WTO, U.S. says case helps China
GENEVA (Reuters) – Canada has launched a wide-ranging trade complaint against the United States, the World Trade Organization said on Wednesday, in a dispute that Washington said would damage Canada’s own interests and play into China’s hands.
Wall Street lower after report China may slow U.S. bond purchases
(Reuters) – Wall Street’s major indexes fell on Wednesday, stalling the rally that marked the start of 2018, after a report that China is considering slowing its purchases of U.S. government debt.
Pimco’s Ivascyn says Pimco would consider adding Treasuries on further weakness
NEW YORK (Reuters) – Dan Ivascyn, group chief investment officer at Pimco, said on Wednesday that Pacific Investment Management Co would consider adding U.S. Treasuries on further weakness in the bond market.
Teva Pharm directors cut their salaries in half: board member
JERUSALEM (Reuters) – The board of directors at Teva Pharmaceutical Industries , which is reducing its workforce by more than a quarter as part of a global overhaul, has taken a 50 percent pay cut, a board member said on Wednesday.
