Kellogg warns of hit to profit as workers’ strike drags on
Kellogg Co (K.N) on Thursday warned a workers’ strike at its U.S. cereal plants could dent annual profit as the Froot Loops maker braces for…
Category: Business
Investors seek deep value in ‘too cheap’ telecom shares
Some investors are scooping up shares of beaten-down telecommunication network stocks, betting that companies like AT&T and Verizon offer value despite cutthroat competition and muted…
CNH Industrial sees supply chain disruptions easing next year
Italian-American vehicle maker CNH Industrial (CNHI.MI) said it sees a better supply chain situation next year, after trimming its 2021 outlook on Thursday due to…
Global logistics crisis boosts smaller UK ports, operator says
Global supply chain disruption is changing cargo flows coming into Britain and smaller ports such as Liverpool are benefiting as suppliers look for other ways…
UK gears up to produce rare earth magnets, cut reliance on China
Britain could revive domestic production of super strong magnets used in electric vehicles and wind turbines with government support, to cut its reliance on China…
Eying higher oil prices, Pioneer Natural Resources to minimize hedging next year
Top Permian Basin oil producer Pioneer Natural Resources (PXD.N) will minimize its hedging next year, Chief Executive Officer Scott Sheffield said on Thursday, anticipating oil…
Facebook tests paid subgroups in subscription push
Facebook (FB.O) is testing ways for creators to make money through Facebook Groups, such as users paying fees for exclusive access to content or conversations…