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Thursday, August 21
by
SRN News
More frozen shrimp recalled for possible radioactive contamination
More packages of frozen shrimp potentially affected by radioactive contamination have been recalled, federal officials said Thursday. California-based Southwind Foods recalled frozen shrimp sold under the brands Sand Bar, Arctic Shores, Best Yet, Great American and First Street. The bagged products were distributed between ...
Thursday, August 21
by
SRN News
Pinnacle Financial, Synovus name leadership team to steer combined bank
(Reuters) -Pinnacle Financial Partners and Synovus Financial on Thursday named the executive leadership team to oversee the combined bank, as the regional lenders prepare for a new chapter after the deal closes early next year. Last month, Pinnacle and Synovus agreed to combine in a ...
Thursday, August 21
by
SRN News
Adidas visits Indigenous Mexican town to apologize for sandal design
VILLA HIDALGO YALALAG, Mexico (Reuters) -Adidas executives visited a small Indigenous town in the mountains of southern Mexico on Thursday to offer an apology over a sandal-inspired shoe design that Mexico’s government had blasted as cultural appropriation. The German sportswear company sent representatives from its ...
Thursday, August 21
by
SRN News
Ross Stores tops quarterly profit estimates as shoppers seek discount apparel
(Reuters) -Ross Stores on Thursday topped quarterly profit estimates and reinstated its annual earnings forecast, betting on demand for discounted apparel and accessories as tariffs raise retail prices during the holiday season. The company’s shares were up about 2% in extended trading after it also ...
Thursday, August 21
by
SRN News
Cracker Barrel shares nosedive following storm over logo change
By Suzanne McGee (Reuters) -An ongoing attempt by Cracker Barrel Old Country Store to revamp its brand triggered a backlash and unleashed a selloff that wiped out most of the dining chain’s year-to-date stock price gains. The restaurant company on Tuesday unveiled a new logo that ...
Thursday, August 21
by
SRN News
In the US Open’s qualifying tournament, the smaller sportswear brands can shine
NEW YORK (AP) — Tennis apparel sponsorship is a big business. It is also one that, among the top players, is dominated by a small group of industry titans. Brands like Nike, Adidas and Asics provide the outfits for most of the top 100, with ...
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Thursday, August 21
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SRN News
Trading Day: Fed bets slip, Powell takes the stage
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist U.S. stocks fell on Thursday and the dollar and Treasury yields rose, as solid factory data cast a bit more doubt on the Fed’s readiness to lower ...
Thursday, August 21
by
SRN News
New Zealand’s Fonterra to sell consumer business to Lactalis for $2.2 billion
(Reuters) -New Zealand’s Fonterra Co-operative Group will sell its global consumer and associated businesses to French dairy giant Lactalis for NZ$3.845 billion ($2.24 billion), the company said on Friday. The sale includes Fonterra’s global consumer business, encompassing the operations of brands such as Mainland and ...
Thursday, August 21
by
SRN News
In niche wheat futures market, rebooted legacy contract fends off new offering from giant rival
By Julie Ingwersen and Karl Plume CHICAGO (Reuters) -In a head-to-head contest in a small corner of agricultural futures markets, a legacy spring wheat contract that has traded for more than 140 years is fending off a challenge from a competing contract launched this spring ...
Thursday, August 21
by
SRN News
Zoom Communications lifts annual forecasts on robust demand for AI tools
(Reuters) -Zoom Communications raised its annual revenue and profit forecasts on Thursday, banking on hybrid work trends and the integration of artificial intelligence technology into its products, sending its shares up 4.5% in extended trading. The integration of AI across its product line and the ...
Thursday, August 21
by
SRN News
TSX closes above 28,000 for the first time as resource shares climb
By Fergal Smith (Reuters) -Canada’s main stock index rose on Thursday to another record high as resource shares notched gains and investors awaited a key speech by Federal Reserve Chair Jerome Powell. The S&P/TSX composite index ended up 176.67 points, or 0.6%, at 28,055.43, eclipsing the ...
Thursday, August 21
by
SRN News
Federal officials to take over inspections when troubled Boar’s Head plant reopens
Federal inspectors will assume direct oversight of a troubled Boar’s Head deli meat plant when it reopens after last year’s deadly listeria outbreak, U.S. Agriculture Department officials said. The Jarratt, Virginia, factory is set to resume operations in the coming months. It will face ...
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