Kraft Heinz to close seven plants, cut 2,600 jobs

By Anjali Athavaley and Subrat Patnaik (Reuters) – Kraft Heinz Co (KHC.O), the maker of Jell-O, Oscar Mayer meats and other brands, said on Wednesday it will close seven factories and lay off about 2,600 employees in North America as it seeks to cut costs. The move to trim 5.9 percent of its workforce comes […]

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Starbucks quarterly cafe sales hotter than expected

By Lisa Baertlein (Reuters) – Starbucks Corp (SBUX.O) delivered a disappointing profit forecast for this holiday quarter on the heels of strong cafe sales and profit growth, sending its shares down as much as 3 percent in after-hours trading. Starbucks estimated earnings for this fiscal first quarter of 44 cents to 45 cents, excluding items, […]

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Company earnings suggest stronger Chinese consumer

China remains a focal point for global growth and also of course for the Fed, as it cited macro global uncertainties as a big driver behind its delay to increase interest rates. The leadership in the country is meeting this week to set their economic priorities for the next year and five years. Given that […]

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Company earnings suggest stronger Chinese consumer

China remains a focal point for global growth and also of course for the Fed, as it cited macro global uncertainties as a big driver behind its delay to increase interest rates. The leadership in the country is meeting this week to set their economic priorities for the next year and five years. Given that […]

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Can Apple deliver like other tech titans?

Shares of three technology giants soared Friday after earnings, but one analyst believes Apple (NASDAQ: AAPL) lacks a catalyst for a similar spike when it reports next week. Amazon (NASDAQ: AMZN), Google parent Alphabet (NASDAQ: GOOGL) and Microsoft (NASDAQ: MSFT) all beat quarterly expectations after the bell Thursday, partly on strength in growth segments like […]

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Bernanke’s top concerns about a Fed rate hike

Ben Bernanke is not envious of the “tough call” Janet Yellen must make with respect to raising interest rates.  When the former Federal Reserve Chairman was pressed for his opinion, he told Yahoo Finance, “You wouldn’t want your former boss second guessing you.” Price inflation and the strength of the U.S. economy, particularly employment, are […]

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Is the US headed for negative interest rates?

Most of us have trouble conceptualizing negative numbers when we first face them in middle school. But in the adult world, negative numbers are becoming an increasingly normal part of the equation when it comes to interest rates. In Europe, negative interest rates have shown up in credit markets for the better part of a […]

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How GM plans to beat Tesla

GM, however, says it’s making new breakthroughs in battery technology that will recharge its image as a leader in electric vehicles. Yahoo Finance recently caught up with GM’s product development chief, Mark Reuss, at an auto-industry event in upstate New York, where we asked about GM’s electric offerings. Reuss said GM is beginning to scale […]

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Mark Cuban unleashes on high-frequency trading

Billionaire Mark Cuban questioned the stock market’s safety Friday, bashing perceived apathy toward high-frequency trading. In a series of tweets, the Dallas Mavericks owner and “Shark Tank” investor implied people care more about alleged wrongdoing in daily fantasy sports than financial market risks. Cuban posed the question, “do you think the stock market is safer […]

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