Edition:
United States

Richa Naidu

P&G shares surge on strong results, higher product prices

Oct 19 2018

Procter & Gamble Co reported better-than-expected quarterly profit and sales, and said it was raising prices on several products around the world, sending shares up on Friday by their most in a decade.

Campbell, Third Point battle heats up, no concessions on the table

Oct 18 2018

CHICAGO/BOSTON Activist investor Daniel Loeb and Campbell Soup Co hardened their positions in the battle over the soup maker's future on Thursday as the hedge fund manager tried to woo retail shareholders and the company's interim chief executive told Reuters that Loeb had left no room for compromise.

Campbell Soup CEO sees no room for concessions to Third Point

Oct 18 2018

CHICAGO Campbell Soup Co interim Chief Executive Keith McLoughlin does not believe that there are any concessions to be made in an ongoing proxy fight with hedge fund Third Point LLC, he told Reuters on Thursday.

Sears skips payments to vendors amid bankruptcy concerns

Oct 11 2018

Sears Holdings Corp has started to miss payments to vendors, adding to concerns about its future after sources said the U.S. department store operator was preparing to file for bankruptcy in the coming days. | Video

RPT-Sears skips payments to vendors amid bankruptcy concerns

Oct 11 2018

Oct 11 Sears Holdings Corp has started to miss payments to vendors, adding to concerns about its future after sources said on Wednesday that the U.S. department store operator was preparing to file for bankruptcy in the coming days.

Sears skips payments to vendors amid bankruptcy concerns

Oct 11 2018

Oct 11 Sears Holdings Corp has started to miss payments to vendors, adding to concerns about its future after sources said on Wednesday that the U.S. department store operator was preparing to file for bankruptcy in the coming days.

Third Point tells Campbell Soup not to hire new CEO before meeting

Oct 10 2018

NEW YORK/CHICAGO Third Point LLC warned Campbell Soup Co's board on Wednesday against picking a new chief executive before next month's annual meeting, where the hedge fund wants to oust all current directors.

P&G gets steel tariff exemption for Gillette, Venus razors

Oct 09 2018

CHICAGO Procter & Gamble Co was informed on Tuesday that it is now exempt from the 25 percent U.S. tariff levied on imported Japanese and Swedish steel that is used in its Gillette and Venus razor blades, a company spokesman told Reuters.

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