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Russians have sweetest tooth after Germans – chocolate producer Ritter Sport

9 mins ago DieselGasoil Comments Off on Russians have sweetest tooth after Germans – chocolate producer Ritter Sport
A love of chocolate has made Russia the second-largest market for German manufacturer Ritter sport, a top executive at the company has told the German-Russian Chamber of Commerce. The chocolate maker, famous for its signature square bars, has seen its sales fall across Europe – with the exception of Russia, where they surged by 13 Read More

Kraft Heinz shares fall 28 percent after writedown, dividend cut

11 hours ago DieselGasoil Comments Off on Kraft Heinz shares fall 28 percent after writedown, dividend cut
(Reuters) – Kraft Heinz Co shares fell to a record low on Friday a day after the food company disclosed a $15 billion write-down on its marquee brands, raising concern that years of rigorous cost cutting have eroded the value of its Kraft cheeses and Oscar Mayer deli meats. Kraft’s revenue growth has stagnated in Read More

Kraft Heinz' problems shine light on controversial budget tool

17 hours ago DieselGasoil Comments Off on Kraft Heinz' problems shine light on controversial budget tool
LONDON/BOCA RATON, Fla. (Reuters) – Mounting troubles at Kraft Heinz, revealed late on Thursday with a triple-punch of bad news, call into question its reliance on cost-cutting as a way to generate profit growth. FILE PHOTO: Heinz tomato Ketchup is show on display during a preview of a new Walmart Super Center prior to its Read More

AutoNation names new CEO as slowing auto sales hit results

18 hours ago DieselGasoil Comments Off on AutoNation names new CEO as slowing auto sales hit results
(Reuters) – AutoNation Inc said on Friday it has chosen insurance and financial services executive Carl Liebert to succeed longtime Chief Executive Officer Mike Jackson and lead the largest U.S. auto dealership chain at a challenging time, when the domestic vehicle market has been slowing. Vehicles for sale are pictured on the lot at AutoNation Read More

GM extends production at Detroit factory until early 2020

19 hours ago DieselGasoil Comments Off on GM extends production at Detroit factory until early 2020
General Motors Detroit-Hamtramck Assembly plant is seen in Hamtramck, Michigan, U.S. November 26, 2018. REUTERS/Rebecca Cook/File Photo (Reuters) – General Motors Co said on Friday it had extended the production at its Detroit Hamtramck plant until January 2020, against an earlier plan to discontinue production in June this year. The No.1 U.S. automaker is revamping Read More

Fed says U.S. economy ended 2018 with solid but weakening growth

19 hours ago DieselGasoil Comments Off on Fed says U.S. economy ended 2018 with solid but weakening growth
WASHINGTON, Feb 22 (Reuters) – The U.S. economy maintained “solid” growth through the second half of 2018, likely expanding “just under” 3 percent for the year, though consumer and business spending had begun to weaken, the Federal Reserve said on Friday in its semi-annual monetary policy report to Congress. FILE PHOTO: Flags fly over the Read More

Billings Innovator gains international recognition for oilfield tool

21 hours ago DieselGasoil Comments Off on Billings Innovator gains international recognition for oilfield tool
2/22/2019 Photo: Paul Tarmann, president and CEO of Tellerus Corporation. BILLINGS, Montana — An invention that has been more than 12 years in development by a Billings, Montana company has been listed by the National Association of Corrosion Engineers (NACE) as a finalist for the Corrosion Innovation Award. The top ten innovations of the year Read More

China denies banning Australian coal, says imports continue as normal

22 hours ago DieselGasoil Comments Off on China denies banning Australian coal, says imports continue as normal
The Chinese Foreign Ministry has denied reports of putting restrictions on coal shipments from Australia. Delays in handling coal imports were due to stepped up inspections to protect the environment, it said on Friday. “In recent years, China Customs has found that some of the imported coal didn’t meet our environmental protection standards when it Read More

AutoNation misses profit, revenue estimates; names new CEO

1 day ago DieselGasoil Comments Off on AutoNation misses profit, revenue estimates; names new CEO
Vehicles for sale are pictured on the lot at AutoNation Toyota dealership in Cerritos, California December 9, 2015. REUTERS/Mario Anzuoni (Reuters) – AutoNation Inc reported lower-than-expected quarterly profit and revenue on Friday, as the largest U.S. auto retailer sold fewer new vehicles, and the company named a new chief executive officer. The tepid sales and Read More

Tesla rolls out Model 3 in China ahead of schedule in sales push

1 day ago DieselGasoil Comments Off on Tesla rolls out Model 3 in China ahead of schedule in sales push
BEIJING/SHANGHAI (Reuters) – Tesla Inc has started delivering Model 3 cars in China slightly ahead of schedule, as it looks to revive its sales that have been hit hard by Sino-U.S. trade tensions. FILE PHOTO: A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, U.S., June 1, Read More