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Exclusive: Third Point seeks to tap Campbell Soup board challengers – sources

August 31, 2018 by  
Filed under News

Activist investor Daniel Loeb’s hedge fund Third Point LLC is speaking to consumer industry executives as it seeks to fill a slate of nominees to challenge Campbell Soup Co’s board of directors, according to people familiar with the matter.


Source: Reuters Business News

United Continental raises fees for checked bags on certain routes

August 31, 2018 by  
Filed under News

United Continental Holdings Inc on Friday increased its checked bag fees on routes to and from North America, the Caribbean and Central America, the company said, as it grapples with rising fuel costs.


Source: Reuters Business News

Canada, U.S. NAFTA talks turn tense, Ottawa won't sign 'just any deal'

August 31, 2018 by  
Filed under News

Talks between Canada and the United States to update the North American Free Trade Agreement soured sharply on Friday after President Donald Trump reportedly said a pact would be on U.S. terms and Ottawa stood firm against signing “just any deal.”


Source: Reuters Business News

Trump confirms off-record comments on U.S.-Canada trade talks

August 31, 2018 by  
Filed under News

President Donald Trump on Friday confirmed off-record, hard-line comments he had made about the United States’ negotiating stance in trade talks with Canada, saying on Twitter: “At least Canada knows where I stand.”


Source: Reuters Business News

Senate cancels postal service hearing; Trump's Amazon crusade delayed

August 31, 2018 by  
Filed under News

A Senate hearing about reforming the U.S. Postal Service that could have scrutinized what Amazon.com Inc and others pay for package delivery has been delayed, three sources familiar with the matter told Reuters, moving back President Donald Trump’s effort to hike the world’s largest online retailer’s rates.


Source: Reuters Business News

Walmart adds toys and shelf space for holidays, expands online offerings

August 30, 2018 by  
Filed under News

Walmart Stores Inc has significantly increased the selection of toys in its stores and online for the holiday season, a company executive said on Thursday, and is expanding its toy aisles in certain markets, all to lure shoppers after rival seller Toys R Us went out of business earlier this summer.


Source: Reuters Business News

Trump wants to move ahead with tariffs on Chinese imports worth $200 billion next week: Bloomberg

August 30, 2018 by  
Filed under News

U.S. President Donald Trump has told aides he wants to move ahead on a plan to impose tariffs on Chinese imports worth $200 billion next week, Bloomberg News reported, further ratcheting up trade tensions between the world’s two largest economies.


Source: Reuters Business News

EU deeply disagrees with U.S. on trade despite detente

August 30, 2018 by  
Filed under News

The European Union’s detente on tariffs with the United States has not put to rest “profound disagreements” on trade policy, the European commissioner in charge of trade said on Thursday.


Source: Reuters Business News

Apple expected to unveil new iPhone models on September 12

August 30, 2018 by  
Filed under News

Apple Inc said on Thursday it will host an event on Sept. 12 at the Steve Jobs Theater in the company’s Cupertino, California, campus, where it is widely expected to unveil new iPhone models.


Source: Reuters Business News

WPP set to name internal favorite Mark Read as new CEO: source

August 30, 2018 by  
Filed under News

WPP will name its unassuming former digital boss Mark Read as its new chief executive, tasked with turning around the world’s largest advertising group in the wake of Martin Sorrell’s departure, a city source told Reuters.


Source: Reuters Business News

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