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Plant-based meat alternatives crowd U.S. grocery stores

August 19, 2019 by  

Plant-based meat alternatives have seen booming interest from consumers, prompting a growing number of companies to enter the space in hopes of carving out a spot for their products in the competitive supermarket aisle.


Source: Reuters Business News

Disney streaming service to launch in Canada, Netherlands in November

August 19, 2019 by  

Walt Disney Co said on Monday it will launch its Disney+ video streaming service in Canada and the Netherlands on Nov. 12, the same date as its previously announced United States launch.


Source: Reuters Business News

Factbox: Disney to take on Netflix as streaming war heats up

August 19, 2019 by  

The crowded market for video streaming, currently dominated by Netflix Inc, is expected to heat up further as Walt Disney Co rolls out its Disney+ service on Nov. 12 in the United States, Canada and the Netherlands.


Source: Reuters Business News

General Electric adds to defense against charges of bogus accounting

August 19, 2019 by  

General Electric Co intensified its defense of its accounting practices on Monday after investors questioned it about an unusual research report alleging GE failed to put aside money to cover $29 billion in potential insurance losses and improperly counted profit from subsidiary Baker Hughes.


Source: Reuters Business News

Fed's Rosengren says cutting rates could worsen next downturn: Bloomberg

August 19, 2019 by  

Boston Federal Reserve Bank President Eric Rosengren on Monday signaled no willingness to support further interest rate cuts, saying that U.S. economic conditions are still good and that easing policy could encourage a worrying debt build-up.


Source: Reuters Business News

JPMorgan to brief clients on volatility in equity markets

August 18, 2019 by  

JPMorgan Chase & Co plans to host a conference call for clients on Tuesday to address recent market moves, after last week’s inversion of the U.S. Treasury yield curve and a sharp sell-off on global stock markets.


Source: Reuters Business News

White House says no recession in sight, pushes China trade talks

August 18, 2019 by  

White House officials pushed back on Sunday against concerns that economic growth may be faltering, saying they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war with China was doing no damage to the United States.


Source: Reuters Business News

Novartis executive sold shares before drug data manipulation made public

August 18, 2019 by  

An unnamed Novartis executive sold 925,400 Swiss francs ($946,000) worth of shares less than three weeks before the U.S. Food and Drug Administration (FDA) announced data from tests of its gene therapy Zolgensma had been manipulated.


Source: Reuters Business News

U.S. whiskey exporters struggle after year of EU tariffs

August 18, 2019 by  

When Europe’s tariffs on U.S. whiskey hit in June 2018, craft distillery Mountain Laurel Spirits LLC lost 10% of its sales overnight as its European distributor simply stopped buying its award-winning Dad’s Hat Pennsylvania Rye Whiskey.


Source: Reuters Business News

Ferrari will expand its lineup of road cars, but not too much

August 18, 2019 by  

Italian premium sports car maker Ferrari NV will expand sales of easier-driving grand touring cars, but will not try to chase rival Porsche’s annual sales volume, Ferrari Chairman John Elkann told an audience of classic car enthusiasts gathered at this storied golf resort on the Pacific coast.


Source: Reuters Business News

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