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Walmart seeks ad business boost in fight with Amazon

3 weeks ago DieselGasoil Comments Off on Walmart seeks ad business boost in fight with Amazon
WASHINGTON (Reuters) – Walmart Inc will consolidate advertising sales for its stores and websites, it said on Tuesday, aiming to boost profits from an untapped business as the world’s largest retailer competes with marketing titans Amazon.com Inc, Alphabet Inc’s Google and Facebook Inc. FILE PHOTO: Walmart’s logo is seen outside one of the stores in Read More

Kraft Heinz shares fall 28 percent after writedown, dividend cut

4 weeks 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

4 weeks 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

Kellogg stocks up on Pringles, cereals for fear of 'hard Brexit'

4 weeks ago DieselGasoil Comments Off on Kellogg stocks up on Pringles, cereals for fear of 'hard Brexit'
CHICAGO(Reuters) – As the possibility of a no-deal Brexit looms, Kellogg Co is taking measures to protect Britons from a potential shortage of Pringles, the UK’s second-favourite brand of chips. FILE PHOTO: Cans of Pringles are seen on display in New York April 5, 2011. REUTERS/Shannon Stapleton With Britain at risk of leaving the European Read More

Slower growth no reason to quit China: Epoch's Van Valen

1 month ago DieselGasoil Comments Off on Slower growth no reason to quit China: Epoch's Van Valen
NEW YORK (Reuters) – Slower overall growth is the new normal for China, but the globe’s second largest economy still holds much promise for choosy foreign investors, according to U.S. portfolio manager Kera Van Valen, who helps manage over $17 billion in assets. FILE PHOTO: Kera Van Valen, managing director and portfolio manager at Epoch Read More

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

1 month 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?

1 month 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

New Unilever CEO inherits disappointing sales performance

2 months ago DieselGasoil Comments Off on New Unilever CEO inherits disappointing sales performance
LONDON (Reuters) – Unilever reported lower-than-expected fourth-quarter sales on Thursday, hurt by troubles in Latin America and weak growth in developed markets as new Chief Executive Alan Jope took over. The maker of Dove soap and Ben & Jerry’s ice cream said fourth-quarter underlying sales rose 2.9 percent. Analysts, on average, were expecting 3.5 percent, Read More

Unilever fourth-quarter sales miss expectations

2 months ago DieselGasoil Comments Off on Unilever fourth-quarter sales miss expectations
FILE PHOTO – Unilever headquarters in Rotterdam, Netherlands August 21, 2018. REUTERS/Piroschka van de Wouw/File Photo GLOBAL BUSINESS WEEK AHEAD LONDON (Reuters) – Unilever reported lower-than-expected fourth-quarter sales on Thursday, hurt by flat volume growth in developed markets. In its first set of results under new chief executive Alan Jope, the maker of Dove soap Read More