Kraft and Heinz sales fall in final quarter before merger
(Reuters) – Kraft Heinz Co , the packaged food company formed by the merger of ketchup maker H.J. Heinz Co and Kraft Foods Group Inc, said sales fell 4.9 percent at Kraft and 4.1 percent at ketchup maker Heinz in the last quarter before the merger was …
Crude oil rebounds along with U.S. gasoline, weaker dollar helps
NEW YORK (Reuters) – Oil jumped almost 4 percent on Monday after a rally in U.S. gasoline and diesel due to a refinery outage helped crude futures advance from multi-month lows.
Shire steps up drive to get Baxalta talking after $30 billion bid
LONDON (Reuters) – Shire Chief Executive Flemming Ornskov is stepping up his campaign to get Baxalta to the negotiating table as he pushes the benefits a $30 billion takeover offer to the U.S. biotech company’s shareholders.
Fed ‘close’ to hiking rates, economy near normal: Lockhart
ATLANTA (Reuters) – Economic conditions in the United States have largely returned to normal and a Federal Reserve decision to raise interest rates should come soon, Atlanta Fed President Dennis Lockhart said on Monday.
China’s Bohai Leasing in exclusive talks to buy Avolon for $2.64 billion
LONDON (Reuters) – China’s Bohai Leasing Co Ltd is in exclusive talks to buy Irish aircraft leasing firm Avolon Holdings Ltd for $2.64 billion, after raising its offer to put it ahead of a rival bidder.
Adobe joins tech industry push in increasing maternity, parental leave
NEW YORK (Reuters) – Software company Adobe Systems Inc. said on Monday it is doubling the maternity leave it grants, making it the third company in the U.S. technology industry in a week to give new parents more paid time off.
Americans expect to tighten purse strings: NY Fed survey
NEW YORK (Reuters) – Americans last month said they expected to tighten their purse strings in the coming year, according to a Federal Reserve of New York survey that also found home and gasoline prices were expected to weaken.
China under mounting pressure to ease policy as economy stumbles
BEIJING (Reuters) – China is under growing pressure to further stimulate its economy after disappointing data over the weekend showed another heavy fall in factory-gate prices and a surprise slump in exports.
U.S. inflation temporarily ‘very low,’ says Fed’s Fischer
NEW YORK (Reuters) – U.S. inflation is only temporarily “very low” due in part to commodity prices, while the U.S. economy has nearly achieved full employment, Federal Reserve Vice Chairman Stanley Fischer said on Monday.
Grim China data keeps stimulus hopes alive
LONDON (Reuters) – A deepening slowdown in demand in China took center-stage on Monday, boosting some stock markets on hopes of more policy stimulus even as it knocked commodity prices.
