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Kellogg Unveils Names For Global Snacking And North American Cereal Businesses
Kellogg Co. (K) unveiled on Wednesday the names for the future companies it will create through its planned separation into two industry-leading, public companies focused on global snacking and North American cereal.
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Apple To Delay Bonuses For Some Employees, Limit Hiring
Apple Inc. will delay bonuses for some corporate divisions and will also limit hiring for more jobs as it expands cost-cutting efforts, Bloomberg reported citing people familiar with the matter. The tech giant will reduce the frequency of bonuses for a portion of Apple's corporate workforce, as it expects to cut costs amid weak financials.
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U.S. Producer Prices Unexpectedly Edge Slightly Lower In February
Producer prices in the U.S. unexpectedly edged slightly lower in the month of February, according to a report released by the Labor Department on Wednesday. The Labor Department said its producer price index for final demand slipped by 0.1 percent in February after rising by a downwardly revised 0.3 percent in January.
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U.S. Retail Sales Dip Amid Sharp Pullback In Auto Sales
After reporting a sharp increase in U.S. retail sales in the previous month, the Commerce Department released a report on Wednesday showing sales pulled back by slightly more than expected in the month of February. The Commerce Department said retail sales fell by 0.4 percent in February after spiking by an upwardly revised 3.2 percent in January.
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French Inflation Hits Record High
France's harmonized inflation rose more than initially estimated in February to hit a record high on higher food prices and services cost, final data from the statistical office INSEE showed on Wednesday. EU harmonized inflation advanced to 7.3 percent from 7.0 percent in the previous month. The rate was revised up from 7.2 percent estimated on February 28.
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U.S. Producer Prices Unexpectedly Edge Down 0.1% In February
Producer prices in the U.S. unexpectedly edged slightly lower in the month of February, according to a report released by the Labor Department on Wednesday.
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U.S. Retail Sales Pull Back Slightly More Than Expected In February
After reporting a sharp increase in U.S. retail sales in the previous month, the Commerce Department released a report on Wednesday showing sales pulled back by slightly more than expected in the month of February.
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more news
Bay Street Likely To Open On Weak Note
Canadian shares are likely to open on a negative note on Thursday, tracking a sell-off in European markets, and weak crude oil prices, amid rising concerns about the crisis in the financial sector.
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Steel Dynamics Guides Q1 Profit Well Above Estimates
Steel producer Steel Dynamics Inc. (STLD) on Thursday provided its earnings and adjusted earnings guidance for the first quarter, well above analysts' estimates.
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Wall Street Seen Opening With Negative Gap
Sharply lower futures amid concerns about a crisis in the banking sector point to a weak start for U.S. stocks on Wednesday.
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Crescita Therapeutics Q4 Profit Rises, But Revenues Decline
Crescita Therapeutics Inc. (CTX.TO) reported Wednesday that net income for the fourth quarter grew to C$1.18 million or C$0.04 per share from C$0.94 million or C$0.04 per share in the prior-year quarter.
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BIT Mining To Sell Remaining Shares In Crypto Flow HK$18.31 Mln
Cryptocurrency mining company BIT Mining Ltd (BTCM) announced Wednesday that the Company entered into a share sale and purchase agreement with an unaffiliated third party, pursuant to which the Company agreed to sell, and the Buyer agreed to purchase, all of the Company's remaining share ownership in Crypto Flow Technology Ltd., previously known as Loto Interactive Ltd.
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Tyson Foods To Close 2 US Chicken Plants, Lay Off 1,700 Workers
Tyson Foods Inc. plans to close two poultry plants in the United States and lay off almost 1,700 employees on May 12, reports said. The current scale and inability to economically improve operations is said to have led to the decision to close the facilities. The plants in Van Buren, Arkansas and Glen Allen, Virginia will be closed as part of its cost saving measures.
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