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Third Point claims 300 percent return on activism since 2011

23 hours ago DieselGasoil Comments Off on Third Point claims 300 percent return on activism since 2011
BOSTON (Reuters) – Pushing companies to perform better has earned Third Point a 300 percent return in the last eight years, the hedge fund told investors in a letter on Thursday, praising management at some of its targets for taking the right steps. FILE PHOTO: Daniel S. Loeb, founder of Third Point LLC, participates in Read More

Hedge fund Third Point praises Nestle chief in letter to investors

24 hours ago DieselGasoil Comments Off on Hedge fund Third Point praises Nestle chief in letter to investors
FILE PHOTO: Nestle Chief Executive Mark Schneider attends the opening of the 151st Annual General Meeting of Nestle in Lausanne, Switzerland April 12, 2018. REUTERS/Pierre Albouy/File Photo BOSTON (Reuters) – Hedge fund Third Point told investors in a letter on Thursday that it was happy with progress at some of its biggest holdings, including Nestle Read More

AT&T pulls ads from YouTube over videos exploiting children

1 day ago DieselGasoil Comments Off on AT&T pulls ads from YouTube over videos exploiting children
FILE PHOTO: An AT&T logo is seen at a AT&T building in New York City, October 23, 2016. REUTERS/Stephanie Keith/File Photo (Reuters) – AT&T Inc pulled all its advertising from Alphabet Inc’s YouTube for the second time in two years after a magazine reported the platform displayed ads next to videos that showed the exploitation Read More

Fall in U.S. retail sales dampens world stock market rally

1 week ago DieselGasoil Comments Off on Fall in U.S. retail sales dampens world stock market rally
NEW YORK (Reuters) – The steepest decline in U.S. retail sales since 2009 in December halted a broad rally in world stock markets on Thursday and pushed investors into the safety of government bonds. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. Read More

Shares and oil at three-month highs but no love for euro

1 week ago DieselGasoil Comments Off on Shares and oil at three-month highs but no love for euro
LONDON (Reuters) – Optimism about U.S.-China trade talks and bumper earnings lifted European shares to a three-month high on Thursday, though news that Germany only dodged recession by the narrowest of margins left the euro feeling unloved. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 13, Read More

European shares, oil at three-month highs but no love for euro

1 week ago DieselGasoil Comments Off on European shares, oil at three-month highs but no love for euro
LONDON (Reuters) – Optimism about U.S.-China trade talks and bumper earnings lifted European shares to a three-month high on Thursday, though news that Germany only dodged recession by the narrowest of margins left the euro feeling unloved. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 13, Read More

Nestle set to sell first Starbucks coffee under $7.15 billion deal

1 week ago DieselGasoil Comments Off on Nestle set to sell first Starbucks coffee under $7.15 billion deal
FILE PHOTO: A giant coffee bean is pictured at the Nespresso plant, part of food giant Nestle, in Romont, Switzerland, November 19, 2018. REUTERS/Denis Balibouse/File Photo VEVEY, Switzerland (Reuters) – Nestle will sell Starbucks-branded coffee at grocery stores and online in Europe, Asia and Latin America from this month as it seeks to increase its Read More

Factbox: New systems pinpoint palm oil deforestation in real time, almost

2 weeks ago DieselGasoil Comments Off on Factbox: New systems pinpoint palm oil deforestation in real time, almost
(Reuters) – Satellite imaging has been used to spot deforestation in areas of palm oil cultivation for years, but obtaining the images was expensive and they often took months to arrive to end users. A worker collects palm oil fruits at a plantation in Bahau, Negeri Sembilan, Malaysia January 30, 2019. REUTERS/Lai Seng Sin New Read More

Can 'Big Brother' technology clean up palm oil's image?

2 weeks ago DieselGasoil Comments Off on Can 'Big Brother' technology clean up palm oil's image?
LONDON (Reuters) – Some of the world’s major palm oil users, including Nestle, Unilever, and Mondelez, are trying out new satellite technology to track deforestation, as pressure grows on them to source the ingredient responsibly. They say the monitoring systems allow them to target people felling trees in producing countries like Malaysia and Indonesia, where Read More

Big brands revisit the milkman model to cut plastic pollution

4 weeks ago DieselGasoil Comments Off on Big brands revisit the milkman model to cut plastic pollution
(Reuters) – Major packaged goods sellers and retailers, under pressure to cut the flow of single-use plastic bottles and containers clogging the world’s waterways, have teamed with recycling and shipping firms on an e-commerce service that puts a twist on the old-fashioned milkman. FILE PHOTO: Used plastic bottles are seen at a waste collection point Read More