Ben & Jerry's Says Unilever Froze Directors' Salaries
Ben & Jerry's independent board said parent company Unilever Plc, with which it is locked in a dispute over the sale of its Israeli business, had frozen its directors' salaries in July as a pressure tactic ahead of a mediation on the matter.
Exclusive-Ben & Jerry's, Unilever Talks On Out-of-court Deal On Israeli Dispute Break Down
Ben & Jerry's and its parent company Unilever Plc did not reach an out-of-court agreement on a dispute over the sale of the ice cream maker's Israeli business to a local licensee, a source with direct knowledge said, sending the issue back to a federal judge.
Analysis: Colgate, Tide Maker P&G Rejig Price Tactics To Keep Cash-strapped Shoppers
The makers of everyday staples such as Colgate toothpaste and Charmin toilet paper are readying new strategies to keep cash-strapped consumers buying pricier products as the threat of recession looms, executives have told investors.
Target To Add Bobbie Brand Infant Formula To Stores As Shortage Persists
Target Corp has begun carrying Bobbie brand infant formula in some stores this week and the vast majority of its locations will be selling the product by September, as the national shortage persists.
Mondelez To Reopen War-damaged Potato-chip Plant Outside Kyiv
Mondelez International Inc plans to reopen a potato-chip plant on the outskirts of Kyiv next week which was closed following Russia's invasion of Ukraine, a spokeswoman said.
Coke Bottler Coca-Cola HBC Depleting Stock In Russia
Bottler Coca-Cola HBC AG and its existing customers in Russia are "in the process of depleting stock," Coca-Cola Co said in a statement, after Reuters reported that Coke was for sale at a McDonald's Corp franchise in St.
Baby Formula Makers Raced For FDA Approval. They May Be Waiting A While
To ease the U.S. shortage of baby formula, Nature's One and Holle are poised to ship hundreds of thousands of pounds, if not millions of pounds, of additional formula into stores, company executives told Reuters.
U.S. Senator Warren Plans Bill To Crack Down On Blank Check Deals
Sen. Elizabeth Warren, D-Mass., is planning a bill to crack down on the special purpose acquisition company, or SPAC, industry after a "proliferation" of bad deals that have often resulted in huge losses for investors.
Dutch Insurer NN Group Expects To Bring Forward Coal Investment Exit
NN Group NV expects to accelerate its deadline to exit coal investments, now set at 2030, due to fears about Europe reverting to burning the fossil fuel, the Dutch insurer's CEO David Knibbe said on the sidelines of the World Economic Forum.
'Pay More Attention' Ethereum Co-founder Says Of Crypto Crash
Ethereum's co-founder Gavin Wood said cryptocurrency investors need to be more aware of what is backing their holdings after a market rout which wiped more than $800 billion off their value.
Crypto Crowd Dominate Davos Main Street Despite Price Crash
A free bitcoin pizza stall and a "Liquidity Lounge" were among the treats on offer for attendees at this year's meeting in Davos, where blockchain and cryptocurrency firms have taken over its main street, despite a recent crash in digital coin values.
Factbox-Victims Of Tops Grocery Store Shooting In Buffalo, New York
A former police officer, the 86-year-old mother of Buffalo, New York's former fire commissioner, and a grandmother who fed the needy for decades were among those killed in a racist attack by a gunman on Saturday in a Buffalo grocery store.
Exclusive-Maker Of Walmart, Amazon Store-brand Infant Formulas Expects Shortages Through Rest Of 2022
Perrigo Company PLC, which makes store-brand baby formulas for retailers including Walmart Inc and Amazon.com Inc expects shortages and heightened demand to last for the "balance of the year," said CEO Murray Kessler in an interview with Reuters.
Exclusive-Maker Of Walmart, Amazon Store-brand Baby Formulas Sees Shortages Through Rest Of 2022
Perrigo Company PLC, which makes store-brand baby formulas for retailers, including Walmart Inc and Amazon.com Inc, expects shortages and heightened demand to last for the "balance of the year," Chief Executive Murray Kessler told Reuters in an interview.
Special Report-How Wall Street Banks Made A Killing On SPAC Craze
Investment banks have raked in billions of dollars by feeding the frenzy for blank-check companies, and they have done so largely without risking any of their own money on hundreds of deals that have left many investors with punishing losses.
Oreo Maker Mondelez Says Ukrainian Biscuit Factory Suffered 'Significant Damage'
Oreo cookie maker Mondelez International Inc said its plant in Trostyanets, a town in eastern Ukraine, has suffered "significant damage" because of military action due to the war.
P&G Ending New Capital Investments, Reducing Portfolio In Russia
Procter & Gamble Co is ending all new capital investments in Russia and "significantly reducing" its portfolio to focus on basic hygiene, health and personal care items, CEO Jon Moeller said in a letter to employees posted on its website on Monday.
$10 Toothpaste? U.S. Household Goods Makers Face Blowback On Price Hikes
Get ready for the $10 tube of toothpaste.
Mondelez CEO Says Will Close Plants In Ukraine If Situation Becomes 'Too Dangerous'
Oreo cookie maker Mondelez International Inc will close its plants in Ukraine if the country's tensions with Russia escalate and become "too dangerous," Chief Executive Officer Dirk Van de Put told Reuters on Wednesday.
Mondelez CEO Says Will Close Plants In Russia, Ukraine If Becomes 'Too Dangerous'
Oreo cookie maker Mondelez International Inc will close its plants in Russia and Ukraine if the tensions between the two countries escalate and become "too dangerous," Chief Executive Officer Dirk Van de Put told Reuters on Wednesday.
Sears Directors Tap Evercore To Examine Former CEO Lampert's Deals: Report
Two Sears Holdings Corp board directors have hired investment bank Evercore Inc to scrutinize deals that were led by former Sears Chief Executive Eddie Lampert with the U.S. retailer before it filed for bankruptcy protection, people familiar with the matter said Friday.
Sears Chairman Lampert Reportedly Seeking Partner For Bankruptcy Financing
Sears Holdings Corp Chairman Eddie Lampert is in discussions with at least one potential partner to contribute to a $300 million bankruptcy loan the U.S. retailer is seeking, people familiar with the matter said on Sunday.
Bankruptcy Judge Approves Financing To Keep Sears Open
A bankruptcy judge on Monday approved $300 million in financing to keep department store chain Sears Holdings Corp open through the holiday season, giving the century-old retailer that once dominated U.S. shopping malls a chance to remain in business.
Sears Skips Payments To Vendors Amid Bankruptcy Concerns
Sears Holdings Corp has started to miss payments to vendors, adding to concerns about its future.