Reuters USA

Dollar Tree Executive Chairman Dreiling will replace CEO Witynski

(Reuters) -Dollar Tree Inc said on Tuesday Executive Chairman Richard Dreiling will replace Chief Executive Officer Mike Witynski, nearly a year after agreeing to revamp its board in a settlement with activist investor Mantle Ridge. Dreiling, 69, who has previously served as chairman and CEO of rival Dollar General, was appointed to Dollar Tree’s board …

Dollar Tree Executive Chairman Dreiling will replace CEO Witynski Read More »

GE’s 2023 profit forecast weighed down by renewable energy business

By Rajesh Kumar Singh and Abhijith Ganapavaram CHICAGO (Reuters) -General Electric Co on Tuesday reported better-than-expected quarterly earnings on robust demand for its jet engines and power equipment, but offered a disappointing profit forecast for this year as it struggles with persistent problems at its renewable energy business. The company’s shares were down about 1% …

GE’s 2023 profit forecast weighed down by renewable energy business Read More »

J&J forecasts 2023 profit above expectations on pharma strength

(Reuters) -Johnson & Johnson on Tuesday forecast annual profit above Wall Street estimates, as steady demand for its drugs such as cancer treatment Darzalex is expected to help ease pressure from inflation and a strong dollar. Shares of the drugmaker, however, fell 1% to $166.12 in premarket trading as fourth-quarter sales missed analysts’ estimates due …

J&J forecasts 2023 profit above expectations on pharma strength Read More »

Yellen calls for urgent action to improve food security, climate resilience in Africa

By Andrea Shalal MWALUMINA VILLAGE, Chongwe District, Zambia (Reuters) – U.S. Treasury Secretary Janet Yellen on Tuesday called for urgent action to improve long-term food security in Africa and around the world, while adapting agricultural practices and technology to the changing climate. Yellen spoke after hearing from a woman beekeeper and other farmers whose work …

Yellen calls for urgent action to improve food security, climate resilience in Africa Read More »

Auto lobby urges Spain to speed up vehicle electrification as sales lag

MADRID (Reuters) – Spain’s auto industry is in dire need of an overhaul to catch up with European peers and speed up its electrification process as automakers struggle to recover from a pandemic-induced slump, the country’s biggest manufacturers’ lobby said on Tuesday. As elsewhere in Europe, Spanish car production has been hampered in the past …

Auto lobby urges Spain to speed up vehicle electrification as sales lag Read More »

EU financial services need shake-up to benefit retail investors, top official says

By Huw Jones LONDON (Reuters) – A potential ban on commissions paid by banks to financial advisers who sell their products could be part of a wider shake-up of retail financial services in the European Union, the bloc’s finance chief said on Tuesday. Financial services chief Mairead McGuinness is due to announce a new retail …

EU financial services need shake-up to benefit retail investors, top official says Read More »

Mexico early-January prices exceed market forecasts, rate hikes expected

By Brendan O’Boyle and Gabriel Araujo MEXICO CITY (Reuters) – Mexico’s headline inflation accelerated and exceeded expectations in early January, data from the national statistics agency showed on Tuesday, marking the first monthly pickup since September as markets brace for fresh interest rate hikes ahead. Annual headline inflation in the first half of the month …

Mexico early-January prices exceed market forecasts, rate hikes expected Read More »