PXP

US retail sales flat on gasoline price drop; consumer spending resilient

People shop for clothes at a Target retail chain in Westbury, New York, US, May 20, 2021. REUTERS/Shannon Stapleton/File Photo Register now for FREE unlimited access to Reuters.com register retail sales unchanged in July; June sales revised down Gasoline, motor vehicles account for flat sales Core retail sales increase 0.8% WASHINGTON, Aug 17 (Reuters) – …

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Global investor group to pressure corporations on water risks

Aug 17 (Reuters) – A global group of investors and pension funds have said they will push top corporate water users to address financial risks and protect resources, citing widespread droughts and severe weather. The Valuing Water Finance Initiative is the latest led by sustainability investor group Ceres to bring pressure corporations on environmental issues. …

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Elon Musk says he is buying Manchester United

Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. REUTERS/Michele Tantussi/ Register now for FREE unlimited access to Reuters.com register Aug 16 (Reuters) – Tesla (TSLA.O) Chief Executive Officer Elon Musk said on Tuesday he was buying football club Manchester United …

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OK Google, get me a Coke: AI giant demos soda-fetching robots

MOUNTAIN VIEW, Calif., Aug 16 (Reuters) – Alphabet Inc’s (GOOGL.O) Google is combining the eyes and arms of physical robots with the knowledge and conversation skills of virtual chatbots to help its employees fetch soda and chips from breakrooms with ease . The mechanical waiters, shown in action to reporters last week, embody an artificial …

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Starbucks seeks to pause union elections at US cafes, claims misconduct

NEW YORK, Aug 15 (Reuters) – Starbucks Corp (SBUX.O) on Monday accused the federal labor board overseeing union elections at its US cafes of misconduct and asked for elections to be suspended nationwide pending the outcome of an investigation. The coffee chain said in a letter to National Labor Relations Board (NLRB) Chairman Lauren McFerran …

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Meme stock Bed Bath & Beyond soars after investor Ryan Cohen’s latest bets

Signage is seen at a Bed Bath & Beyond store in Manhattan, New York City, US, June 29, 2022. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com register Aug 16 (Reuters) – Shares of Bed Bath & Beyond Inc (BBBY.O) surged 60% to a near five-month high in volatile trading on Tuesday, …

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Philips parts ways with CEO in midst of massive recall

Van Houten to leave after almost 12 years at helm To be replaced on Oct. 15 by Connected Care head Jakobs Shares up 2%, but down more than 50% since product recall AMSTERDAM, Aug 16 (Reuters) – Philips (PHG.AS) Chief Executive Frans van Houten will leave the company in October, the Dutch health technology firm …

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US housing starts near 1-1/2-year low; factory output rebounds

Housing starts drop 9.6%; building permits fall 1.3% Single-family starts tumble 10.1%; permits drop 4.3% Housing construction backlog rises 5.0% Manufacturing production rebounds 0.7% WASHINGTON, Aug 16 (Reuters) – US homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices for construction materials, suggesting the …

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American Airlines bets on supersonic travel with Boom jet deal

An American Airlines aircraft flies past the US Capitol before landing at Reagan National Airport in Arlington, Virginia, US, January 24, 2022. REUTERS/Joshua Roberts/File Photo Register now for FREE unlimited access to Reuters.com register Aug 16 (Reuters) – American Airlines Group Inc (AAL.O) on Tuesday agreed to buy up to 20 jets from aircraft maker …

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Third Point discloses stake of nearly $1 bln in Disney, pushes for changes

Aug 15 (Reuters) – Hedge fund Third Point on Monday disclosed a stake of roughly $1 billion in Walt Disney Co (DIS.N) and said it plans to push the media company to make a string of changes, from spinning off cable sports channel ESPN to buying back shares and adding new board members. Billionaire investor …

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