Nivedita Balu

Cruise lines say no change in sailing plans after new COVID-19 cases

Jun 11 2021

Royal Caribbean Group and Carnival Corp will push ahead with a return to cruises this summer despite two guests onboard a test run for Royal Caribbean's Celebrity Millennium ship testing positive for COVID-19. | Video

Campbell Soup lowers annual profit forecast as costs rise

Jun 09 2021

(Reuters) -Campbell Soup Co on Wednesday slashed its forecast for annual earnings after the company's quarterly results fell short of estimates, hurt by higher costs related to raw materials and transportation. | Video

Mattel recalls some Fisher-Price baby rockers after reports of infant deaths

Jun 04 2021

Mattel Inc said on Friday it was recalling some models of Fisher-Price baby rockers following reports of four infant deaths and the toymaker asked for the product not to be used due to risk of suffocation.

UPDATE 2-GM raises profit outlook as it shifts chips to trucks

Jun 03 2021

June 3 General Motors Co said Wednesday it expects first half profits will be "significantly better" than previously forecast, in part because of success shifting scarce semiconductors to boost production of highly profitable trucks in North America.

Ralph Lauren's forecast for revenue surge falls short on pandemic uncertainty

May 20 2021

(Reuters) -Ralph Lauren Corp forecast on Thursday full-year revenue growth below analysts' estimates, as the high-end apparel maker remains cautious of fresh lockdowns, store closures and curbs in some of its markets from a new wave of virus cases.

Target forecasts more sales growth after bumper quarter

May 19 2021

(Reuters) -Target Corp on Wednesday posted quarterly sales that surged about 23%, raising hopes of booming demand through the year as consumers flock to stores and shop for more than just essentials. | Video

Macy's boosts forecasts as vaccines encourage in-store shopping

May 18 2021

(Reuters) -U.S. department chain Macy's Inc on Tuesday raised its annual sales and profit forecasts, as speedy vaccinations encourage Americans to return to its stores to upgrade their wardrobes after being stuck at home for more than a year.

Coca-Cola discontinues energy drink in N.America

May 16 2021

(This May 14 story corrects to fix typos in first and penultimate paragraph.)

Oprah-backed Oatly seeks $10 billion valuation in U.S. IPO

May 11 2021

Oprah Winfrey-backed vegan milk maker Oatly is aiming for a valuation of about $10 billion in a U.S. initial public offering, following increasing consumer demand for plant-based dairy.

Beyond Meat loss exceeds forecasts on higher costs, slow restaurant sales

May 06 2021

Beyond Meat Inc on Thursday reported a wider quarterly loss than expected, as the plant-based meat maker incurred higher freight costs, spent heavily on testing new product launches, and sold less to pandemic-hit restaurants.

World News