Whole Foods to shut three regional kitchens
(Reuters) – Whole Foods Market Inc said it would close three remaining regional kitchen facilities as part of an ongoing plan to streamline its operations.
EBay holiday-quarter revenue up 3.1 percent, shares jump
(Reuters) – EBay Inc reported a 3.1 percent rise in revenue for the fourth-quarter holiday period, offering signs of improvement at the company’s traditional marketplace business and sending shares up more than 8 percent in extended trading on Wednesd…
Dollar wallows near seven-week lows on Trump protectionism
TOKYO (Reuters) – The dollar struggled near seven-week lows on Thursday on growing concerns over U.S. President Donald Trump’s protectionist policies including an executive order to construct a U.S.-Mexican border wall.
AT&T’s results match Street expectations, smartphone subscriber base grows
(Reuters) – AT&T Inc , the No. 2 U.S. wireless carrier, reported quarterly results that matched analysts’ estimates, as it added more smartphone customers in a saturated wireless market, and said it was confident its deal to buy Time Warner Inc would be approved.
EPA official says Volkswagen diesel scandal deterrent to auto industry
WASHINGTON (Reuters) – The massive fines paid by Volkswagen AG and criminal indictment of seven executives are a “very strong deterrent” to cheating by other automakers, a senior career Environmental Protection Agency official said on Wednesday.
Cisco AppDynmaics deal seeks to boost ratio of software revenue
(Reuters) – Cisco Systems Inc’s decision to acquire software startup AppDynamics for $3.7 billion, nearly double the private-market valuation, reflects Cisco’s struggles in building its software business, according to company financial reports and internal documents.
Kraft Heinz, Oprah form joint venture to develop new line of food products
(Reuters) – Heinz ketchup maker Kraft Heinz Co and media mogul Oprah Winfrey said on Wednesday they would form a joint venture to develop a new line of food products in the United States.
Discovery in price dispute with Sky, signals full blackout
(Reuters) – Discovery Communications Inc’s UK unit said on Wednesday negotiations with Sky Plc for a new carriage deal reached an impasse over a price dispute, threatening a blackout of Discovery channels from Sky’s platform.
Western Digital’s profit, revenue beat estimates
(Reuters) – Data storage company Western Digital Corp reported higher-than-expected revenue and profit on Wednesday, helped by demand for its products amid stabilizing PC demand and a shift by businesses to cloud storage.
Barbie maker Mattel’s holiday quarter sales miss estimates
(Reuters) – Mattel Inc , the largest U.S. toymaker, reported holiday quarter sales and profit that fell far short of analysts’ estimates, hurt by weak demand for its Barbie dolls and Fisher Price toys.
