FedEx to end Amazon contract for FedEx Express plane service
(Reuters) – FedEx Corp on Friday decided to not renew its contract with Amazon.com Inc for U.S. cargo delivery through FedEx Express, the unit that delivers packages on planes, a…
Kraft Heinz completes internal probe into its procurement practices
(Reuters) – Kraft Heinz Co said on Friday the numbers it restated last month were accurate following completion of an internal investigation, but that the matter was under review by…
Beyond Meat sees sales more than doubling in 2019, shares jump 21%
(Reuters) – Beyond Meat Inc said it expects to more than double its revenue this year, sending the plant-based burger maker’s shares up over 21 percent. FILE PHOTO: Vegetarian sausages…
Fiat Chrysler withdraws merger offer for Renault: WSJ
FILE PHOTO: The logos of Renault and Fiat carmakers are seen in Nice, France, June 3, 2019. REUTERS/Eric Gaillard (Reuters) – Fiat Chrysler has withdrawn its merger offer for Renault,…
Takeda scraps late-stage amyloidosis study
FILE PHOTO: Takeda Pharmaceutical Co’s logo is seen at its new headquarters in Tokyo, Japan, July 2, 2018. REUTERS/Kim Kyung-Hoon/File Photo (Reuters) – Takeda Pharmaceutical Co Ltd said on Wednesday…
Wall Street opens higher for second day on rate cut hopes
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 4, 2019. REUTERS/Brendan McDermid (Reuters) – U.S. stocks rose at the…
U.S. moving toward major antitrust probe of tech giants
WASHINGTON (Reuters) – The U.S. government is gearing up to investigate the massive market power of Amazon, Apple, Facebook and Google, sources told Reuters on Monday, setting up what could…
Alphabet shares slide 6% on possible DoJ antitrust probe
(Reuters) – Alphabet Inc’s shares closed 6% down on Monday following reports that the U.S. Justice Department may investigate Google for hampering competition. FILE PHOTO: A sign is pictured outs…
U.S. health officials report 41 new cases of measles last week
(Reuters) – The United States recorded 41 new measles cases last week, bringing the year’s total number of cases to 981 in the worst outbreak of the disease since 1992,…
GM to invest $24 mln in Fort Wayne plant, boost pickup production
FILE PHOTO: A door steel and aluminum door is welded at GM’s Chevrolet Silverado and GMC Sierra pickup truck plant in Fort Wayne, Indiana, U.S., July 25, 2018. Picture taken…