Smucker cuts Folgers coffee prices to woo customers back
NEW YORK (Reuters) – J.M. Smucker Co cut prices for most of its Folgers and Dunkin’ Donuts coffee brands sold in the United States by 6 percent, the biggest U.S. roaster said on Wednesday, partially reversing last year’s price hikes to woo back custome…
Strong truck, SUV demand helped Ford, GM raise prices in June
DETROIT (Reuters) – Strong demand for sport utility vehicles and trucks in June helped General Motors Co and Ford Motor Co offset slowing demand for sedans by allowing them to raise prices on their trucks.
Aero-engine makers seek boost from major Airbus China deal
PARIS (Reuters) – After Airbus’s success it was the turn of engine makers to seek a boost from China’s spending power on Tuesday as a major plane order generates lucrative follow-on opportunities.
Employer headaches over labor quality point to stronger U.S. wages
WASHINGTON (Reuters) – America’s employers say they are finding it harder to find high-quality workers, which could soon fuel a boost in wage growth and help convince the Federal Reserve to hike interest rates.
U.S. small business hiring takes a breather in June: NFIB
(Reuters) – U.S. small businesses put hiring on pause in June after five straight months of solid increases, but the outlook for the labor market remained relatively upbeat, a survey showed on Wednesday.
Asian factory growth stays weak, Europe and U.S. sluggish
(Reuters) – Global manufacturing growth slowed last month with most Asian economies remaining weak, while Greece’s woes kept euro zone factories in check and U.S. manufacturing turned in a mixed performance, business surveys showed on Wednesday.
Big U.S. investors expect Greeks to vote in favor of bailout: Reuters Poll
(Reuters) – U.S. investors expect Greek citizens to back a cash-for-reforms deal proposed by the nation’s creditors in a July 5 referendum, according to a Reuters poll conducted this week.
Lufthansa eyes sale of Luxair stake
LUXEMBOURG/BERLIN (Reuters) – Lufthansa is considering selling its 13 percent stake in Luxair and has been in touch with other shareholders, including the Luxembourg government, to discuss the matter.
Global regulators propose tighter credit risk rules for banks
LONDON (Reuters) – Global banking regulators have proposed a more comprehensive set of rules for banks to set aside capital to cover losses from their exposures to other lenders and limit fallout in a crisis.
Global factory growth eases on weak Asia, Europe: PMI
LONDON (Reuters) – Global manufacturing growth slowed last month as most Asian economies remained weak while Greek debt talks that dominated debate in Europe kept the euro zone in check, a business survey showed on Wednesday.
