US

Tonic Maker Fever-Tree's Profit Fizzles On High Glass Costs

Tonic maker Fever-Tree has trimmed its annual profit forecast after first-half earnings halved on higher glass costs and a wet summer in the UK.

Grocery Delivery App Instacart Aims For Up To $7.7bn Valuation In US IPO

Instacart is aiming for a valuation of up to $7.73 billion (€7.2 billion) in its initial public offering in New York, the grocery delivery service sai...

US Food Companies Go Deal Hunting As Pandemic Growth Fades

US packaged food companies are set for a flurry of deals in a push to revamp their brand portfolios as their pandemic-era fortunes fade and benefits of pri...

Walmart Changes Starting Pay Structure For Entry-Level Store Workers

Walmart is changing the hourly starting wage structure for entry-level store workers, as companies seek to reduce costs in a slowing job market.

PepsiCo To Remove Plastic Rings On Beverage Multipacks In North America

PepsiCo plans to replace plastic rings across beverage multipacks with paper-based solutions in the US and Canada.

Hormel Foods Cuts Annual Forecasts On Weak China Demand, Adverse Pork Prices

Hormel Foods has cut its annual revenue and profit targets after missing quarterly results as the Skippy peanut butter maker wrestled with lower pork and t...

Japan's Seven & i Aims To Keep Sogo & Seibu Workers After Buyout: Report

Japan-based retailer Seven & i Holdings intends to keep the roughly 5,000 workers at its loss-making department store Sogo & Seibu employed even af...

Rising Caffeine Levels Spark Calls For Ban On Energy Drink Sales To Children

Paediatricians and parents are calling for the US to treat new high-caffeine energy drinks like alcohol and cigarettes and ban their sale to minors as a si...