Wednesday 24 April 2019

Walmart creates Angus beef supply chain, cutting out meat processors

Walmart creates Angus beef supply chain, cutting out meat processors

Walmart Inc is taking control of the supply chain for Angus beef sold in some of its stores, cutting out meat processors as the company looks to offer higher quality products in an intensely competitive grocery industry.

U.S. judge suspends Blackstone lawsuit against Italy's RCS over Milan HQ

A New York judge has put on hold a lawsuit by U.S. private equity firm Blackstone Group LP against Italian publisher RCS Mediagroup over the disputed sale of real estate assets, pending the outcome of an arbitration in Italy.

Trump complained to Twitter CEO about lost followers: source

U.S. President Donald Trump met with Twitter Inc Chief Executive Jack Dorsey on Tuesday and spent a significant time questioning him about why he had lost some Twitter followers, a person briefed on the matter said.

Wall Street edges lower in mixed earnings day

The S&P 500 was down slightly on Wednesday, taking a pause after the previous session's record close as investors digested a mixed batch of earnings reports and declining energy stocks limited gains.

Euro falls on weak German business morale, stocks slip

The euro fell against the U.S. dollar on Wednesday after data showing a surprise deterioration in German business morale stoked fears of slowing global growth and weighed on a gauge of world equity markets.

Occidental offers $38 billion for Anadarko, topping Chevron

Occidental Petroleum Corp on Wednesday started the first takeover battle for a major oil company in years, offering $38 billion for Anadarko Petroleum Corp, a bid that topped a $33 billion offer by Chevron Corp.

Tesla's Musk says considering building factory in Germany

Tesla Inc Chief Executive Officer Elon Musk said on Wednesday he was considering building a factory in Germany, responding to a user's suggestion on Twitter.

Interserve finance chief resigns weeks after rescue deal

Britain's troubled outsourcer Interserve Group Ltd said on Wednesday its finance chief Mark Whiteling had resigned after being in the post since Oct. 2017.

Boeing abandons financial outlook, sees $1 billion in extra cost on 737 MAX

Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and said lowered production due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months had cost it at least $1 billion so far.

Boeing axes 210 orders after India's Jet stops flying

Boeing Co removed 210 aircraft from its order backlog and took an impairment charge over customer financing losses on Wednesday following the near-collapse of India's Jet Airways.

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