SAN FRANCISCO/NEW YORK (Reuters) – Impossible Foods is no longer trying to win a coveted deal to supply McDonald’s Corp (MCD.N) with plant-based burgers, telling Reuters it cannot produce enough of its imitation meat to partner with the world’s No.1 fast-food chain. FILE PHOTO: A McDonald’s “PLT” burger with a Continue Reading
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Wall St. set to fall at open as Trump signals delay in China trade deal
(Reuters) – U.S. stocks were set to drop at the open on Tuesday after comments from President Donald Trump sparked fears of a delay in resolving a bruising tariff dispute with China until after the presidential election in November 2020. FILE PHOTO: Traders work on the floor at the New Continue Reading
Key antitrust lawmaker frustrated with Google’s Fitbit deal
WASHINGTON (Reuters) – Lawmakers pressed top U.S. antitrust enforcers on their probes of tech giants Alphabet’s Google (GOOGL.O), Facebook (FB.O), Amazon (AMZN.O) and Apple (AAPL.O) on Wednesday, with the chair of a House subcommittee expressing frustration over the companies’ continued acquisitions. FILE PHOTO: Fitbit Blaze watch is seen in front Continue Reading
Europe’s Brexit deal cheers dampened by familiar snags
LONDON (Reuters) – Confirmation of a new Brexit deal sent sterling to a five-month high on Thursday and hoisted European stocks to a year-and-a-half peak, before familiar doubts about British parliamentary support for the agreement hauled them back. The German share price index DAX graph is pictured at the stock Continue Reading
Tech stocks lift Wall Street as reports brighten hopes of trade deal
(Reuters) – Wall Street rose for the first time in three sessions on Wednesday with technology stocks providing a boost, as a report that China was open to a partial trade deal soothed investor nerves ahead of high-level talks on Thursday. FILE PHOTO: Traders work on the floor at the Continue Reading
Judge rules against hedge funds that challenged 2016 Jarden deal
WILMINGTON, Del. (Reuters) – A Delaware judge ruled against hedge funds on Friday that tried to get more cash out of Newell Brands Inc’s (NWL.O) 2016 acquisition of consumer goods company Jarden Corp, the latest setback for a once-popular investment strategy known as appraisal. Vice Chancellor Joseph Slights of the Continue Reading
Hope grows for deal to avoid U.S. tariffs on Mexican goods
WASHINGTON (Reuters) – Hope grew on Wednesday for a deal to avoid the United States imposing tariffs on Mexican goods in return for Mexico doing more to halt illegal immigration but President Donald Trump said he was willing to go ahead with the import duties if he is not satisfied. Continue Reading
New NAFTA deal ‘in trouble’, bruised by elections, tariff rows
MEXICO CITY/OTTAWA (Reuters) – More than six months after the United States, Mexico and Canada agreed a new deal to govern more than $1 trillion in regional trade, the chances of the countries ratifying the pact this year are receding. FILE PHOTO: Flags of the U.S., Canada and Mexico fly Continue Reading