Nestle follows Campbell Soup in quitting food manufacturer lobby group
NEW YORK (Reuters) – Nestle SA is leaving the Grocery Manufacturers Association (GMA), a lobby group that represents hundreds of food companies in Washington, a spokesman for the group said, just months after a similar decision by Campbell Soup Co .
CWA union to oppose Sprint, T-Mobile deal over job losses
WASHINGTON (Reuters) – The 700,000-member Communications Workers of America (CWA) union said on Tuesday it would oppose a deal to merge wireless carriers Sprint and T-Mobile, arguing that such a move would cost tens of thousands of jobs in the United …
Wall St. gains on 3M, Caterpillar earnings; Dow jumps
(Reuters) – U.S. stock indexes rose on Tuesday, led by the Dow, as stronger-than-expected results and forecasts from companies including 3M, Caterpillar and General Motors fueled optimism about strength in the economy.
Caterpillar smashes market estimates as North America sales rebound
(Reuters) – Caterpillar Inc blew past Wall Street’s profit and revenue estimates for the third quarter, driven by surprisingly strong demand for its construction equipment in North America and robust sales in China.
Whirlpool to stop selling big-name brands at Sears
(Reuters) – Whirlpool Corp said on Tuesday it would continue to supply several of its products to Sears Holdings Corp and discontinue only the supply of brands including Maytag fridges, KitchenAid products and Jenn-Air appliances.
McDonald’s sales strong as cheap drinks, new burgers lure back diners
(Reuters) – McDonald’s Corp reported strong restaurant sales on Tuesday, as $1 sodas and build-your-own burgers helped it draw in more customers and beat back rivals in an intense battle for market share.
Dow rallies on strong earnings from 3M, Caterpillar
(Reuters) – Wall Street’s Dow Jones index was set to record its biggest intraday percentage rise in more than a month on Tuesday, boosted by gains in industrial giants 3M and Caterpillar.
U.S. industrial shares hit record high as earnings shine
NEW YORK (Reuters) – U.S. industrial sector roared to a record high on Tuesday following strong financial results from stalwarts 3M Co and Caterpillar Inc , even as shares of General Electric Co continued to struggle.
Fidelity chairman says U.S. regulations lag social media advances
BOSTON (Reuters) – U.S. financial regulations on data retention do not fit with the way people expect to communicate on social media, Fidelity Investments Chairman Abigail Johnson said on Tuesday.
McDonald’s sales strong as deals, new burgers lure back diners
(Reuters) – McDonald’s Corp reported strong restaurant sales on Tuesday, as $1 sodas and build-your-own burgers helped it lure more customers for the third straight quarter and beat back rivals in an intense battle for market share.
