Edition:
United States

Siddharth Cavale

Travelers braces for Hurricane Michael losses as third-quarter profit doubles

Oct 18 2018

Travelers Corp is girding for "significant" losses from Hurricane Michael, which caused destruction in Florida and six other U.S. states this month, Chief Financial Officer Daniel Frey said on Thursday.

Bank of America's lagging loan growth overshadows profit gains

Oct 15 2018

Bank of America Corp's loan growth lagged rivals and fees from advising on deals and underwriting bonds fell in the third quarter, sending its share price 1.7 lower even as profit beat expectations.

Citigroup profit beats on higher bond trading, lower costs

Oct 12 2018

Citigroup Inc reported a better-than-expected quarterly profit on Friday, helped by lower expenses, higher bond trading revenue and strength in its consumer banking business in Mexico. | Video

Starbucks taps Hyatt financial chief to be its new CFO

Oct 08 2018

Starbucks Corp on Monday named Hyatt Hotels Corp's financial chief Patrick Grismer as its new chief financial officer, making another leadership change in the past year as it battles intense competition in a cooling U.S. coffee market.

CORRECTED-UPDATE 4-Campbell Soup CEO quits abruptly; firm to review portfolio, cuts forecast

Aug 29 2018

* U.S. soup sales had 4 straight years of declines under Morrison

CORRECTED-UPDATE 6-Campbell Soup CEO quits; company cuts forecast, to review portfolio (May 18)

Aug 29 2018

May 18 Campbell Soup Co Chief Executive Officer Denise Morrison unexpectedly stepped down on Friday, as the company issued a bleak forecast for the year and said it would embark on a review of its many brands.

Perry Ellis ends deal talks with Randa Accessories

Aug 14 2018

Apparel maker Perry Ellis International said on Tuesday it had ended talks to be bought by fashion accessories maker Randa, backing an offer by its second-largest shareholder and founder George Feldenkreis.

PepsiCo veteran Ramon Laguarta to replace Indra Nooyi as CEO

Aug 06 2018

PepsiCo Inc has appointed Ramon Laguarta to take over as chief executive from Indra Nooyi, handing the reins to a veteran who led the company's fast-growing emerging markets business. | Video

Chipotle slumps 9 percent after Ohio outlet linked to food poisoning complaints

Jul 31 2018

More than 100 people said they had fallen sick after eating at a Chipotle Mexican Grill Inc restaurant in Ohio, sending shares of the burrito chain down as much as 9 percent on Tuesday. | Video

Randa to engage with Perry Ellis shareholders to clinch deal

Jul 09 2018

Men's accessories maker Randa said on Monday it would engage with Perry Ellis International Inc's shareholders to pressure the apparel maker into accepting its bid after Perry Ellis's board rejected its takeover proposal.

World News

How the man behind Khashoggi murder ran the killing via Skype

He ran social media for Saudi Arabia's crown prince. He masterminded the arrest of hundreds of his country's elite. He detained a Lebanese prime minister. And, according to two intelligence sources, he ran journalist Jamal Khashoggi's brutal killing at the Saudi consulate in Istanbul by giving orders over Skype.