Nestle investing in factories, creating 2,900 jobs in Latin America
SANTIAGO (Reuters) – Swiss-based food company Nestle SA is creating thousands of jobs and investing in new factories in Latin America as it looks to tackle social issues and shore up its position in one of its strongest markets, the regional head said…
Canada says Boeing is trusted partner despite Bombardier dispute
OTTAWA (Reuters) – Canada’s Defence Minister Harjit Sajjan said on Wednesday that Boeing Co will be a trusted military partner in the decades to come, even though the government has threatened to scrap plans to buy Boeing’s fighter jets..
Brazil’s J&F agrees to pay $3.2 billion fine in leniency agreement
SAO PAULO (Reuters) – J&F Investimentos, controlling shareholder of the world´s largest meatpacker, JBS SA , agreed with Brazilian prosecutors late on Tuesday to pay a 10.3 billion real ($3.2 billion) fine for its role in corruption scandals.
Wall Street little changed as financials drop, defensive stocks gain
NEW YORK (Reuters) – U.S. stocks were little changed on Wednesday as financials dropped after JPMorgan and Bank of America warned of revenue weakness, offsetting gains in defensive plays.
BA says IT collapse came after servers damaged by power problem
LONDON (Reuters) – A huge IT failure that stranded 75,000 British Airways passengers followed damage to servers that were overwhelmed when the power returned after an outage, the airline said on Wednesday.
Michael Kors slumps on weak forecast; to shut over 100 stores
(Reuters) – Michael Kors , the once-popular retailer that has been trying to turn itself around, said it expected same-store sales to continue to fall in 2018, and that it would shut more than 100 full-price retail stores in the next two years.
Oil prices at three-week low as rising output risks OPEC-led deal
LONDON (Reuters) – Oil prices fell to a three-week low on Wednesday on news that Libyan output was recovering from an oilfield technical issue, fuelling concerns that OPEC-led output cuts to reduce global inventories were being undermined by producers …
Deutsche Telekom CEO says U.S. M&A regulations look good under Trump
COLOGNE, Germany (Reuters) – Deutsche Telekom is optimistic about the regulatory environment in the United States under the Trump administration.
China factories hum in shadow of debt risk, Moody’s raises global outlook
(Reuters) – China’s industrial engine cranked up again in May, reassuring investors worried about slowing growth in the world’s second-biggest economy as it grappled with debt risks and tried to shake off a stinging ratings downgrade from Moody’s Inves…
Novartis warns of U.S. price pressure on Sandoz generics
ZURICH (Reuters) – Novartis warned on Wednesday that price pressure on its generics drugs in the United States has intensified in the second quarter, cutting into its Sandoz division’s sales growth in the world’s largest healthcare market.
