By Linda Pasquini and Helen Reid (Reuters) -Strong demand for its retro-style Gazelle and Samba sneakers helped drive Adidas’ strong first-quarter growth, especially in its home market of Europe[...]
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April 30, 2024
Fashion group Hermes vows to ‘vigorously defend itself’ against Birkin lawsuit
PARIS (Reuters) – Fashion company Hermes vowed to ‘vigorously defend itself’ in a lawsuit filed against it in California claiming it unlawfully allows only customers with “suff[...]
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Laid-off: Former Tyson Foods chicken farmers face high costs switching to eggs
By Tom Polansek CHICAGO (Reuters) – Some U.S. farmers who once raised chickens for Tyson Foods to slaughter are shifting to sell eggs instead after the meatpacker closed six plants, a move that[...]
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Santander sees higher profitability in 2024 as Spanish business outperforms
By Jesús Aguado MADRID (Reuters) -Spain’s biggest international bank Santander signalled higher profitability this year as growth in lending income, particularly in its home market, helped drive[...]
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Facebook, Instagram in EU crosshairs for suspected tech rule breaches
By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms’ Facebook and Instagram have failed to tackle deceptive advertising and disinformation ahead of key European Parliament elections, the E[...]
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Bottler Coca-Cola HBC beats revenue estimate on strong demand
(Reuters) – Bottler Coca-Cola HBC beat market forecast for first-quarter revenue on Tuesday, and reiterated that its operating profit will expand further this year, supported by strong demand fo[...]
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Traders scramble for US storage as distillates demand disappoints
By Shariq Khan NEW YORK (Reuters) – Traders are rushing to fill up storage tanks along the U.S. East Coast with distillate fuels, like diesel and heating oil, data from storage broker The Tank T[...]
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Walmart launches new private-label food brand as competition heats up
By Siddharth Cavale NEW YORK (Reuters) – Walmart debuted a new private-label food brand on Tuesday, with most of the products priced under $5, as it aims to improve and grow its offerings at a t[...]
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Morning Bid: Yen slips anew with Amazon due, Treasury plans irk
A look at the day ahead in U.S. and global markets from Mike Dolan World markets stalled on Tuesday as another heavy earnings week for megacap stocks cranked up, with renewed slippage in Japan’s[...]
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