Tyson starts $150 million venture capital fund, eyes meat substitutes
CHICAGO (Reuters) – Tyson Foods Inc has launched a $150 million venture capital fund that will target investments in companies commercializing meat substitutes, deepening the largest U.S. chicken producer’s foray into alternative sources of protein.
Trump advisors aim to privatize oil-rich Indian reservations
WASHINGTON (Reuters) – Native American reservations cover just 2 percent of the United States, but they may contain about a fifth of the nation’s oil and gas, along with vast coal reserves.
GE Power sees little sales impact if U.S. quits climate deals
NEW YORK (Reuters) – General Electric Co’s sales of power plant upgrades would not suffer much if the United States bailed out of climate change treaties under a Trump administration as utilities still want the economic benefits that come with moderni…
Chesapeake to sell Haynesville asset for $450 million to Indigo Minerals LLC
(Reuters) – Chesapeake Energy Corp , the second largest U.S. producer of natural gas, said on Monday that it would sell a part of its acreage in the Haynesville Shale area for $450 million to a private company, which Reuters sources revealed as Indigo …
Barclays’ exit from energy trading stirs concerns over liquidity
NEW YORK (Reuters) – British bank Barclays Plc has joined the list of top banks to exit energy trading, an exodus that analysts say raises concern among oil producers that falling liquidity means they cannot use derivatives for their basic function: to…
U.S. attorney argues Aetna-Humana deal violates antitrust law: trial
WASHINGTON (Reuters) – A U.S. Justice Department attorney told a federal judge on Monday that health insurer Aetna Inc’s planned acquisition of Humana Inc broke antitrust law by reducing competition in Medicare Advantage and Obamacare exchange business…
U.S. retailers value enthusiasm over experience for holiday hires
(Reuters) – This U.S. holiday shopping season, wearing the brand is more likely to help get you a job in a store than experience, as retailers look for enthusiasm that will persuade customers to spend and help numb the impact of online rivals like Amaz…
Trump win creates ‘considerable’ uncertainty, Fed’s Dudley says
NEW YORK (Reuters) – The U.S. election of Donald Trump has created “considerable” uncertainty over the policies he will pursue so it is too soon for the Federal Reserve to judge whether its plan for gradual interest rate hikes needs adjusting, one of t…
U.S. services sector activity scales one-year high
WASHINGTON (Reuters) – U.S. services sector activity hit a one-year high in November, with a surge in production boosting hiring, further evidence of strength in the economy that clears the way for the Federal Reserve to raise interest rates next week…
Ford Motor seeks to raise about $2 billion in debt: executive
DETROIT (Reuters) – Ford Motor Co will seek to raise about $2 billion in long-term debt, a senior executive said on Monday, the first time the company has sought to add to its automotive debt in nearly four years.
