Hershey names COO Michele Buck as chief executive

(Reuters) – U.S. chocolate maker Hershey Co (HSY.N) named Chief Operating Officer Michele Buck as its chief executive and president, pinning its hopes on a company veteran to build on a recovery in demand in North America. Buck, whose appointment is effective March 1, will succeed John Bilbrey, who said in October he would retire […]




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Toshiba shares slip ahead of chip business sale approval

TOKYO (Reuters) – Shares of Toshiba Corp 6502.T slipped in early trading on Wednesday as the company prepared to give the nod to spinning off its chip business. Its shares slumped 2.2 percent to 254 yen, even as the Nikkei stock index (.N225) rose 1.7 percent. Toshiba’s board will meet on Friday to approve plans […]




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U.S. manufacturing, construction sectors shine as year ended

By Lucia Mutikani WASHINGTON (Reuters) – U.S. factory activity accelerated to a two-year high in December amid a surge in new orders and rapidly rising raw material prices, indicating that some of the drag on manufacturing from prolonged dollar strength and a slump in oil prices was fading. Other data on Tuesday showed U.S. construction […]




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Dollar strength lifts Japan shares, crimps commodities

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Stock indexes around the world gained on Wednesday, bolstered by upbeat global economic data and minutes from the Federal Reserve’s December meeting, which showed policymakers thought the U.S. economy could grow more quickly because of fiscal stimulus under the incoming Trump administration. The dollar retreated from a […]




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Takata shares rise by daily limit, up 18.2 percent

TOKYO (Reuters) – Shares in Japanese air bag manufacturer Takata Corp (7312.T) gained 18.2 percent on Wednesday, rising by a daily limit of 80 yen to 519 yen ($4.56), stemming four days of steep decline brought about by investor fear of a court-mediated bankruptcy. Takata shares were down 40 percent from a week earlier. (Reporting […]




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Alcoa beats revenue estimates, sees higher aluminum demand

(Reuters) – Alcoa Corp (AA.N) reported higher-than-expected revenue in its first quarterly results after the metals company split into two in November, helped partly by a rise in alumina prices. The producer of aluminum, alumina and bauxite also said it expects a 4 percent growth in global aluminum demand in 2017 even as the market […]




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Toyota Motor to add 400 jobs at Indiana assembly plant

By Naomi Tajitsu and David Shepardson TOKYO/WASHINGTON (Reuters) – Toyota Motor Corp 7203.T on Tuesday said it would add 400 jobs to build more SUVs at one of its U.S. plants, highlighting its expansion plans just as U.S. President Donald Trump calls on manufacturers to build more cars in the country. The Japanese automaker said […]




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