The Daily Ticker's Aaron Task interviews food journalist Michael Pollan.
The Daily Ticker's Aaron Task interviews food journalist Michael Pollan.
LONDON (Reuters) -Incoming Unilever CEO Hein Schumacher gets seasick, according to his former boss at food group Heinz, but that never stopped him joining executive sailing trips and sticking them out. Schumacher, 51, is likely to need all his determination - as well as the experience he gained in food at Heinz and in retailing at Dutch grocer Ahold - when he takes the helm at Unilever from Alan Jope in July. Encouragingly for Schumacher, who worked as a finance manager at Unilever more than 20 years ago before heading to Ahold, he was warmly welcomed by activist investor and Unilever board member Nelson Peltz - who has a long track record of shaking up consumer goods companies, including Heinz.
(Bloomberg) -- More than half of workers in major US cities went to the office last week, the first time that return-to-office rates crossed 50% of their pre-pandemic levels.Most Read from BloombergWall Street Is Losing Out to Amateur Buyers in the Housing SlumpTrump Sues Journalist Bob Woodward for Releasing Interview RecordingsAdani Rout Hits $68 Billion as Fight With Hindenburg IntensifiesEven on $100,000-Plus, More Americans Are Living Paycheck to PaycheckThe West Is Getting In Too Deep in U
PARIS (Reuters) -Renault and Nissan hailed a new deal announced on Monday as a major step in reviving their two decade alliance. The deal, months in the making and still subject to board approvals, will see Renault reduce its stake in Nissan to 15% from around 43%. For Nissan, the advantages are clear: the Japanese carmaker gets much freer rein to do what it wants, and it is no longer in an alliance of unequal partners as capital ownership is rebalanced.
SEATTLE/WASHINGTON (Reuters) -Boeing Co told employees on Monday that it will add a new 737 MAX production line in Everett, Washington, in mid-2024 as it plans to ramp up deliveries of its best-selling plane. Boeing Commercial Airplanes Chief Executive Stan Deal said in an email reviewed by Reuters that the new line will be its fourth for the narrow-body 737 MAX and is needed because of "strong product demand." The company is reactivating its third 737 MAX line in Renton, Washington, Deal added.
MOSCOW (Reuters) -Goldman Sachs Group Inc. has restructured its assets in Russia, the RBC daily reported on Monday, citing two investment market sources, a move that could take the U.S. bank closer to a full exit from the country. U.S. banks have cut exposure to Russia since it sent tens of thousands of troops into Ukraine last year, but foreign lenders require special permission from President Vladimir Putin to sell stakes. Goldman Sachs, which in March said it was winding down its business in Russia, in November said it had reduced its credit exposure to Russia by 9% to $205 million in the third quarter.
(Bloomberg) -- Twitter Inc. made its first interest payment on the $12.5 billion in debt that Elon Musk used to take the social media giant private last year.Most Read from BloombergWall Street Is Losing Out to Amateur Buyers in the Housing SlumpTrump Sues Journalist Bob Woodward for Releasing Interview RecordingsAdani Rout Hits $68 Billion as Fight With Hindenburg IntensifiesEven on $100,000-Plus, More Americans Are Living Paycheck to PaycheckThe 'Big Shift' That's Finally Causing Rents to Fall
(Bloomberg) -- Most Read from BloombergWall Street Is Losing Out to Amateur Buyers in the Housing SlumpTrump Sues Journalist Bob Woodward for Releasing Interview RecordingsAdani Rout Hits $68 Billion as Fight With Hindenburg IntensifiesEven on $100,000-Plus, More Americans Are Living Paycheck to PaycheckThe West Is Getting In Too Deep in UkraineIran said one of its ammunition depots was attacked in a drone strike that’s stirred Middle East tensions as US Secretary of State Antony Blinken visits
Tyre Nichols died after he was beaten by police at a traffic stop. Campaign Zero has previously revealed research-backed ways to curb such violence.
The U.S. Treasury Department this week is likely to announce that it will offer fewer Treasury bills in the second quarter, after hitting its statutory borrowing limit. Any new indications over whether the Treasury could employ Treasury buybacks, or make changes to its auction schedule for some notes, will also be a focus of interest as market participants grapple with the best ways to improve liquidity in the $24 trillion Treasuries market. U.S. Treasury Secretary Janet Yellen activated a second extraordinary cash management measure on Tuesday, after previously warning that the Treasury could run out of funds in early June if the U.S. Congress does not approve an increase in the $31.4 trillion debt ceiling.
Should you buy ARX stock? The post 5 Things to Know About ARC Resources Stock in January 2023 appeared first on The Motley Fool Canada.
The European Central Bank looks set on Thursday to deliver another large interest rate rise to curb inflation. ECB President Christine Lagarde, speaking in Davos recently, stressed the need for monetary policy to "stay the course." "ECB policymakers think they have to kill inflation and will only stop hiking when they a see a big improvement in the inflation outlook," said Carsten Brzeski, global head of macro at ING.
NEW DELHI (Reuters) -Gautam Adani faces a critical day on Monday with his flagship company's $2.5 billion share sale's second day of bidding overshadowed by a $48 billion rout in the Indian billionaire's stocks which was sparked by a U.S. short seller's report. Seven listed companies belonging to the Adani conglomerate, which is led by Asia's richest man, saw sharp falls in their values after Hindenburg Research report last week flagged concerns about high debt levels and the use of tax havens. Adani Group issued a detailed response late on Sunday, saying it complies with all local laws and had made necessary regulatory disclosures.
Outdoor Fitness officially arrives in Ontario! Outdoor Fitness was born from a franchise company already established in Quebec, known as Cardio Plein Air. In Quebec, it has 50 franchises and operates in over 160 parks. The mission is to provide access to all-season outdoor activities to ensure well-being while promoting physical activity.
Susannah Pierce and Murad Al-Katib: 100 days after task force identified crisis, businesses are still waiting for action from Ottawa
Enapter AG (ISIN:DE000A255G02), together with its partner YEST, has received an order from South Korea for the delivery of two AEM electrolysers with a total capacity of 2 megawatts. The systems will be used in a 12.5 MW hydrogen pilot project on Jeju Island. The demonstration project is supported by the South Korean Ministry of Industry and Trade (Motie) with 62 billion South Korean won (43.3 million US dollars) and aims to investigate and compare hydrogen production with different electrolysis
Analysts at the British investment bank, led by Emmanuel Cau, upgraded the European banking sector to "overweight" from "market weight" and downgraded the utilities sector to "underweight". "Given the move in rates thus far, banks are enjoying positive earnings momentum," Barclays said. The brokerage added that moves were part of its shift to cyclical exposure for European equities from a prior defensive position as it sees better macro conditions and the energy crisis slowing down this year.
SEATTLE/PARIS (Reuters) -Boeing's 747, the original and arguably most aesthetic "Jumbo Jet", revolutionized air travel only to see its more than five-decade reign as "Queen of the Skies" ended by more efficient twinjet planes. The last commercial Boeing jumbo will be delivered to Atlas Air in the surviving freighter version on Tuesday, 53 years after the 747's instantly recognizable humped silhouette grabbed global attention as a Pan Am passenger jet. "On the ground it's stately, it's imposing," said Bruce Dickinson, the lead singer of Iron Maiden who piloted a specially liveried 747 nicknamed "Ed Force One" during the British heavy metal band's tour in 2016.
TOKYO (AP) — Nissan and Renault have agreed to equalize the stakes they hold in each other, both sides said Monday, ironing out a source of conflict in the Japan-French auto alliance. Up to now, Renault Group has held a 43.4% stake in Nissan Motor Co., potentially giving it a larger say in how the Japanese automaker is run. It will transfer shares equivalent to a 28.4% stake to a French trust so each side will hold the same 15% stake in the other, according to the companies. The disparity betwee
Clarity from Pfizer Inc this week on whether China's relaxation of its Zero-COVID policy and the surge in infections there will lead to a spike in demand for its antiviral Paxlovid could spur analysts to alter their 2023 sales forecasts for the treatment. China was an insignificant market for Paxlovid before the strict infection-control policy was lifted, but Pfizer Chief Executive Albert Bourla said the company has since distributed millions of Paxlovid treatment courses there through a deal with China's Meheco. Talks between Pfizer and China's government health insurer bogged down over price, and the drug is only covered by China's broad healthcare insurance plan until late March.
It is with much sadness and a very heavy heart that the City of Mississauga announces the passing of former mayor and the City's biggest champion, Hazel McCallion. She passed away peacefully shortly after 6:30 a.m. today, January 29, 2023 at home with her family by her side. Hazel McCallion was 101 years old.