By Deborah Mary Sophia and AnneFlorentyna GnanarajaSekar (Reuters) -Conagra Brands Inc raised its full-year profit forecast on Wednesday, as the Slim Jim beef jerky maker bets on price increases to shield its margins at a time when demand for its frozen foods and snacks showed signs of weakening. Shares of the company rose about 2% …
Conagra lifts profit forecast as price hikes offset demand pressures Read More »
WASHINGTON (Reuters) – The U.S. Environmental Protection Agency said on Wednesday it is proposing tighter standards for mercury and other toxic emissions from coal plants for the first time in a decade, putting pressure on the country’s dirtiest power plants to clean up. The proposal would lower the emissions limit for filterable particulate matter, which …
U.S. proposes tighter mercury, air toxics standards for power plants Read More »
WASHINGTON (Reuters) – U.S. private employers hired far fewer workers than expected in March, adding to signs that the labor market was cooling. The ADP National Employment report on Wednesday followed on the heels of government data on Tuesday showing job openings falling below 10 million at the end of February for first time in …
By Jonathan Stempel and Sarah N. Lynch (Reuters) – The U.S. Department of Justice reached a $144.5 million settlement with survivors and families of victims of the 2017 mass shooting at a Texas church that killed 26 people, for which a judge had found the Air Force primarily responsible. Wednesday’s settlement with more than 75 …
US reaches $144.5 million settlement with Texas church shooting victims Read More »
SANTIAGO (Reuters) – Chile’s central bank on Wednesday improved its expectations for the country’s economic growth this year but lowered estimates for 2024 as high inflation keeps hindering “sustainable” growth. The authority said in a report it expects 2023 gross domestic product (GDP) to come in between -0.5% and +0.5%, up from a previous forecast …
Chile cenbank boosts GDP forecast for 2023 but lowers 2024 estimate Read More »
By Lisa Baertlein and Kannaki Deka LOS ANGELES (Reuters) -FedEx Corp said on Wednesday it will consolidate its separate delivery companies into a single entity, as the group slims its bloated infrastructure to compete better with United Parcel Service and Amazon. The move to integrate FedEx Ground, its outsourced package delivery arm, with the FedEx …
FedEx to combine delivery units as part of $4 billion cost-cut push Read More »
By Lisa Baertlein and Kannaki Deka LOS ANGELES (Reuters) -FedEx Corp said on Wednesday it will consolidate its separate delivery companies into a single entity, as the group slims its bloated infrastructure to compete better with United Parcel Service and Amazon. The move to integrate FedEx Ground, its outsourced package delivery arm, with the FedEx …
FedEx to combine delivery units as part of $4 billion cost-cut push Read More »
(Reuters) -It is too early to know if the Federal Reserve will need to raise its benchmark overnight interest rate at its next policy meeting in early May, Cleveland Fed Bank President Loretta Mester said on Wednesday, even as she predicted rates will need to move higher. “We have a lot more data to get …
Fed’s Mester says too soon to tell if May rate hike needed, Bloomberg reports Read More »
By Anna Wlodarczak-Semczuk WARSAW (Reuters) -Poland’s central bank held its main interest rate at 6.75% on Wednesday, as expected, and said it believes weakening gross domestic product growth, together with already implemented rate hikes, would help gradually curb inflation. “The council assesses that the weakening of the external economic conditions, together with a decline in …
Polish central bank leaves main interest rate unchanged Read More »
By Luiza Ilie BUCHAREST (Reuters) – Romania’s Finance Ministry has raised its Eurobond issuance ceiling to accommodate foreign debt plans worth 9.5 billion euros ($10.4 billion) from April until December 2024, treasury chief Stefan Nanu said on Wednesday. But Eurobond issuance targets for this year could be downsized given robust demand for domestic debt, he …
Romania lifts Eurobond issuance ceiling, could still downsize targets Read More »
