Monsanto profit tops expectations as soybean sales surge
(Reuters) – U.S. seeds and agrochemicals company Monsanto Co , which is in the process of being bought by Germany’s Bayer AG , reported a stronger-than-expected quarterly profit on Wednesday as record soybean plantings lifted seed sales.
ABC TV settles with beef product maker in ‘pink slime’ defamation case
(Reuters) – The U.S. ABC television network, owned by Walt Disney Co , has settled its closely watched defamation lawsuit with Beef Products Inc over news reports on a processed beef product that critics dubbed “pink slime,” both companies said on Wedn…
Boeing expands CFO Greg Smith’s role
(Reuters) – Boeing Co said on Wednesday its Chief Financial Officer Greg Smith will take on additional roles, ahead of the planned retirement of some of its key executives later this year.
Meal-kit maker Blue Apron goes public, demand underwhelms as Amazon looms
(Reuters) – Blue Apron Holdings Inc , the biggest U.S. meal kit provider, raised $300 million as it went public on Wednesday, a third less than it had hoped, as Amazon.com’s industry-changing deal to buy Whole Foods Market Inc weighed on the sector.
Despite weak oil prices, OPEC still pockets more dollars
LONDON (Reuters) – With world oil inventories swelling despite a global pact on cutting output and crude prices falling by a fifth in the past month, OPEC appears to be losing its battle to balance the market.
BMW to streamline car equipment levels to pay for R&D
MUNICH (Reuters) – BMW will streamline its manufacturing process, offering fewer variants of engines and equipment, to offset high research and development (R&D) spending through 2019, the German carmaker’s finance chief Nicolas Peter said on Wednesday.
Wall Street stocks surge as banks, tech sectors spark rebound
(Reuters) – Wall Street stock rallied sharply on Wednesday, with the benchmark S&P 500 index scoring its biggest one-day percentage gain in about two months, as financial and technology stocks led a broad market rebound.
Exclusive: Halliburton in talks to buy billionaire Kaiser’s equipment firm – sources
HOUSTON (Reuters) – Halliburton Co is in late-stage talks to acquire a fast-growing U.S. oilfield equipment supplier backed by Oklahoma energy and banking billionaire George Kaiser, according to sources familiar with the matter.
Nissan’s premium brand Infiniti courts NBA’s Stephen Curry
BEIJING (Reuters) – Japanese automaker Nissan Motor Co Ltd’s premium brand Infiniti will announce a marketing agreement with U.S. basketball star Stephen Curry on Wednesday, according to a company statement seen by Reuters.
Alibaba spending $1 billion to raise stake in Southeast Asia’s Lazada
SINGAPORE (Reuters) – Chinese e-commerce company Alibaba Group Holding is investing an additional $1 billion in Southeast Asian online retailer Lazada Group, boosting its stake by nearly a third to 83 percent and amplifying its focus on the region.
