Category Archives:
Hasbro warns of hit to holiday sales from supply chain issues
(Reuters) -Hasbro Inc said on Tuesday global supply chain disruptions cost it about $100 million in lost toy orders in the third quarter, and the company warned of a further hit to sales during the cr...
Oct 26, 2021
GE lifts 2021 earnings forecast
CHICAGO (Reuters) -General Electric Co announced an upward revision to its full-year earnings forecast on Tuesday after reporting higher than expected third-quarter profit. The Boston-based company no...
Oct 26, 2021
Lilly raises 2021 outlook on higher COVID-19 drugs sales
(Reuters) -Eli Lilly and Co raised its full-year profit and revenue forecasts on Tuesday, mainly due to higher sales of its COVID-19 antibody therapies, and the drugmaker said it has initiated a rolli...
Oct 26, 2021
Takeover target Veoneer’s losses narrow ahead of Qualcomm deal
STOCKHOLM (Reuters) - Swedish automotive technology group Veoneer reported on Tuesday a narrower third-quarter loss amid a global chip shortage and said it would no longer provide an outlook as it foc...
Oct 26, 2021
Arson suspected in Monday night fire
PEORIA, Ill. — Arson appears to be the cause of a fire Monday night in Peoria’s East Bluff. The fire was reported around 9:15 p.m. in the 2200 block of N. Delaware. Firefighters arrived, f...
Oct 26, 2021
UPS profit rises 23% on e-commerce demand
(Reuters) - United Parcel Service Inc reported a 23% rise in quarterly profit on Tuesday, bolstered by high e-commerce demand that has allowed the delivery firm to raise shipping prices and cherry-pic...
Oct 26, 2021
IKEA buys former Topshop store in London’s Oxford Circus for £378 million
By Anna Ringstrom STOCKHOLM (Reuters) - IKEA, the world's biggest furniture brand, has agreed to buy the iconic former flagship store of British fashion chain Topshop in London's Oxford Circus from th...
Oct 26, 2021
UK retail sales pick up, but supply shortages hit new record-CBI
LONDON (Reuters) - British retailers reported a stronger-than-expected sales rise in October after a September slowdown but global supply chain problems reduced their stocks to the lowest level since ...
Oct 26, 2021
Global supply chain logjams, costs in focus as restaurant chains report earnings
By Hilary Russ NEW YORK (Reuters) - Investors hope to gauge the impact of the global supply-chain logjam on restaurant expansion plans when McDonald's Corp, Starbucks Corp and Yum Brands Inc report ca...
Oct 26, 2021
Explainer-Greenwashing: deception and vague promises that do not help the environment
(Reuters) - What seems friendly to the environment but is not? Greenwashing. The phrase evokes painting something "green", or environmentally friendly, and describes exaggerated and misleading claims ...
Oct 26, 2021
Peoria, IL, USA
43 °F Overcast
