U.S. Senate passes bill to fund government through September
WASHINGTON (Reuters) – The U.S. Senate on Thursday gave final legislative approval to a $1.2 trillion spending bill to keep the government open through September, a measure President Donald Trump is expected to sign before Friday’s deadline.
Exclusive: Global grain major ADM eyes cuts to Europe operations
LONDON/HAMBRUG (Reuters) – U.S. agribusiness Archer Daniels Midland Co , reeling from the impact of a global grain glut, is now preparing to scale back its operations in Europe in a bid to boost profits, two sources with knowledge of the matter said.
MetLife changes hedging strategy after billions in losses
NEW YORK (Reuters) – MetLife Inc has changed its derivatives trading strategy after two consecutive quarters in which losses from wrong-way trades hurt the insurer’s profit.
Automakers betting on Trump infrastructure boost: Toyota North America CEO
Saline, Mich. – (Reuters) – Automakers could be betting on a potential boost in demand from a new federal infrastructure program to boost sagging sales and clear inventories of cars and trucks, the head of Toyota Motor Corp’s North American operations …
Kraft Heinz to cut jobs, shutter factories under integration plan
(Reuters) – Kraft Heinz Co said on Thursday it would cut about 13 percent of its workforce, close factories and consolidate its distribution network as part of its efforts to merge Kraft Foods and H.J. Heinz.
OPEC likely to extend output pact, bigger oil cut unlikely: delegates
LONDON/DUBAI (Reuters) – OPEC and non-OPEC oil producers look likely to extend their agreement to limit supplies beyond its June expiry to help clear a glut, three OPEC delegates said on Thursday, downplaying the chance of additional steps such as a bi…
Starbucks expands rewards program at grocery stores
(Reuters) – Starbucks Corp said on Thursday it would expand its loyalty rewards program at grocery stores to include more products, as it seeks to win more customers amid a soft retail and restaurant environment in the United States.
Wall Street earnings strength enliven investors, industrials a surprise
NEW YORK (Reuters) – U.S. companies are reporting their strongest profit and sales growth in more than five years this earnings season, with more beating expectations and particular strength in the industrial sector.
Wall Street ends flat as health bill passes; energy slammed
(Reuters) – Wall Street ended flat on Thursday as a steep fall for the energy sector countered some solid earnings reports, with major stock indexes closing little changed after the U.S. House of Representatives passed a healthcare overhaul.
Greenlight says documents show GM tried to undermine dual-share plan
(Reuters) – Greenlight Capital escalated its battle against General Motors Co on Thursday, posting credit ratings documents that it said the automaker inappropriately changed to undermine the hedge fund’s proposal to create two classes of GM stock.
