Edition:
United States

Nivedita Balu

PepsiCo's mini-sized sodas boost quarterly results

Jul 09 2019

PepsiCo Inc's quarterly revenue and profit beat Wall Street estimates on Tuesday, boosted by higher sales of its traditional Pepsi soda as well as snacks Lay's and Dorito chips. | Video

Weed leader Canopy Growth ousts co-CEO Bruce Linton

Jul 03 2019

Canada's Canopy Growth Corp fired founder and co-Chief Executive Officer Bruce Linton, a surprise move that comes just a week after the weed producer's largest shareholder expressed disappointment over its loss-making streak.

U.S. retailers' halting outlook reveals scale of tariff fear

Jun 13 2019

The first half of 2019 was expected to be a boon for U.S. retailers, buoyed by solid consumer sentiment at home and expansion in China - the market many of them have targeted for the future.

Nike 'very concerned' about rape accusation against Brazilian soccer star Neymar

Jun 07 2019

(This story corrects name of Neymar's lawyer in paragraph 6 to Maira Fernandes in June 6 story.)

Beyond Meat sees sales more than doubling in 2019, shares jump 21%

Jun 06 2019

Beyond Meat Inc, a maker of plant-based burgers and sausages, said it expects to more than double its revenue and report breakeven EBITDA this year, sending the its shares up over 21 percent.

Costco looking at alternative sourcing, price hikes as tariffs loom

May 30 2019

Costco Wholesale Corp on Thursday reported quarterly profit and revenue that beat Wall Street estimates and said it would tackle the proposed round of tariffs on Chinese imports by sourcing goods from other countries and possible price increases.

PVH cuts profit forecast as CEO sees retail softness, shares tank

May 29 2019

PVH Corp cut its annual profit forecast by 10 cents a share on Wednesday as the Calvin Klein and Tommy Hilfiger brands owner grapples with tariffs and slowing retail growth, exacerbated by weak spending from overseas shoppers in the face of a strong U.S. dollar, sending its shares down 12% after hours.

Investors keep food firms on warning over antibiotics

May 20 2019

LONDON An investor group managing some $5 trillion said it was pleased with the steps taken by fast-food companies to cut the use of antibiotics in their products and will continue to monitor firms as its three-year-long engagement comes to an end.

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