Nestle wants bigger piece of high-end chocolate
ZURICH/LONDON (Reuters) – Nestle’s chief executive, who oversees a sprawling empire stretching from baby food to wrinkle treatment, admits to finding one of its oldest businesses, chocolate, a source of frustration.
China’s May exports gain steam but imports fall unexpectedly
BEIJING (Reuters) – China’s exports gained steam in May thanks to firmer global demand, data showed on Sunday, but an unexpected fall in imports signaled weaker domestic demand that could continue to weigh on the world’s second-largest economy.
The Alibaba culture: kung fu commerce with a dash of theater
BEIJING/HONG KONG (Reuters) – When Jack Ma and his colleagues sat down in 2001 to lay out Alibaba’s defining values, they named them after a martial arts technique drawn from Ma’s love of kung fu novels and their heroic themes.
China taps tech training to tackle labor market mismatch
BEIJING (Reuters) – China is waking up to a potentially damaging mismatch in its labor market.
ECB’s Coeure: rates to diverge from UK, U.S. for years
PARIS (Reuters) – Euro zone interest rates will diverge from those in the United States and Britain for a number of years, European Central Bank (ECB) Executive Board member Benoit Coeure told France Inter radio on Saturday.
Hershey sues Colorado company over look-a-like marijuana edibles
DENVER (Reuters) – Hershey Co has sued a Colorado maker of marijuana edibles, saying the packaging of its products is too similar to those made by the Pennsylvania-based chocolate and candy company.
Icahn becomes largest shareholder in Family Dollar Stores
(Reuters) – Hedge fund billionaire Carl Icahn became the largest shareholder in Family Dollar Stores Inc after reporting a 9.39 percent stake in the company on Friday, and said he may seek representation on its board.
Uber snags $1.2 billion in new funding; seen valued at $18 billion
SAN FRANCISCO (Reuters) – Uber Inc has raised $1.2 billion from mutual funds and other investors in a funding round valuing the fast-growing rides-on-demand service at $18.2 billion, one of the highest valuations ever for a Silicon Valley startup.
Icahn reports 9 percent stake in Family Dollar Stores
(Reuters) – Activist investor Carl Icahn has reported a 9.39 percent stake in Family Dollar Stores Inc and said he could push for major changes or a sale of the company.
S&P 500 nearing the 2K summit
NEW YORK (Reuters) – Investors have spent several months deciphering the mixed signals from the U.S. economy, and yet the S&P 500 has kept moving higher, slowly but surely, putting it just shy of the 2,000 mark.
