By Allison Lampert (Reuters) – Aerospace companies are pushing U.S. regulators to simplify domestic rulemaking, after delays led the country’s aircraft engine makers to a European agency t[...]
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February 14, 2023
Burger King owner Restaurant Brands gets new CEO in turnaround boost
By Hilary Russ NEW YORK (Reuters) -Restaurant Brands International Inc on Tuesday named a new chief executive as it accelerates a turnaround plan for its struggling Burger King brand. The company, whi[...]
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Louis Vuitton expected to raise prices as much as 20% in China
SHANGHAI/PARIS (Reuters) – LVMH’s top fashion brand Louis Vuitton is expected to increase prices in China by as much as 20%, as luxury labels bank on a strong rebound of Chinese demand fol[...]
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Coca-Cola to push ahead with price hikes as PepsiCo hits pause
By Ananya Mariam Rajesh (Reuters) -Coca-Cola Co said on Tuesday it would raise soda prices further in 2023 to combat stubbornly high costs, in sharp contrast to a halt at rival PepsiCo Inc, as the bev[...]
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Exxon tells U.S. labor board refinery lockout did not target union
By Erwin Seba HOUSTON (Reuters) – A 10-month lockout of union workers at an Exxon Mobil refinery was undertaken to save costs and improve profits at the Beaumont, Texas, facility, and not to eli[...]
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Judge indicates intention to dismiss J&J talc unit bankruptcy
By Mike Spector (Reuters) -The bankruptcy case filed by Johnson & Johnson’s subsidiary shouldering talc-related lawsuits will soon be dismissed unless a U.S appeals court agrees to reconside[...]
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Citigroup executive says strategy refresh remains “priority”
(Reuters) – Citigroup Inc is laser-focused about its “mission-critical” transformation agenda, its global head of treasury and trade solutions business said on Tuesday, as the bank u[...]
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Ford to cut one in nine jobs in Europe in electric revamp
By Victoria Waldersee BERLIN (Reuters) – Ford plans to cut one in nine jobs in Europe, axing 3,800 roles in product development and administration as part of a drive to lower costs in the region[...]
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Fed looks to services prices as final leg in inflation battle
By Howard Schneider WASHINGTON (Reuters) – U.S. consumers flush with the COVID pandemic aid payments that flowed from the government in 2020 and 2021 flocked to auto lots and drove vehicle price[...]
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