Consumer Goods

  • ConAgra to sell store-brand food business Associated Press - 13 minutes ago

    ConAgra Foods Inc. plans to sell its faltering business that makes store-brand food just two years after spending $5 billion to beef it up by buying the private-label foodmaker Ralcorp. The company said ...

  • Samsung: similar outcome Financial Times - 19 hours ago

    Imitation can be the most profitable, as well as the sincerest, form of flattery. So it is with biosimilar drugs, designed to replace biotech drugs as their patents expire. Citigroup estimates that the ...

  • What's driving Detroit's manufacturing turnaround? CNBC - 20 hours ago
    What's driving Detroit's manufacturing turnaround?

    No longer in bankruptcy, Motor City is busy nurturing 1,400 next-gen advanced manufacturers to rekindle its legacy as a production hub.

  • Discovery secures European Olympic TV rights through 2024 Associated Press - 22 hours ago
    Discovery secures European Olympic TV rights through 2024

    U.S.-based media giant Discovery Communications Inc. secured the European broadcast rights for four Olympics through 2024 on Monday in a landmark deal worth 1.3 billion euros ($1.45 billion). The parent ...

  • Eurosport lands Olympic broadcast rights in Europe AFP - Mon, Jun 29, 2015 3:51 PM AEST
    Eurosport lands Olympic broadcast rights in Europe

    The International Olympic Committee announced Monday that it had handed all broadcast rights in most of Europe to Eurosport, owned by Discovery Communications, for the four Olympic Games between 2018 and 2024. "Discovery acquired the exclusive rights, valued at 1.3 billion euros ($1.4 billion), across all platforms, including free-to-air television, subscription/pay-TV television, internet and mobile phone in all languages across 50 countries and territories on the European continent," IOC said in a statement. It stressed, though, that broadcast rights in Russia were not included in the deal, and that the rights in France and Britain had already been attributed for the 2018-20 period, to France Television and the BBC respectively.

  • Boston's new plan for 2024 Summer Olympics to be revealed Associated Press - Mon, Jun 29, 2015 3:06 PM AEST

    New details about Boston's bid for the 2024 Summer Olympics are being revealed Monday as organizers seek to regroup after months of withering criticism and waning local support. Boston 2024, the private ...

  • Number of 'American-made' autos drops to new low CNBC - Mon, Jun 29, 2015 2:30 PM AEST
    Number of 'American-made' autos drops to new low

    It's getting tougher to find cars and trucks built in the U.S. that meet an industry index measuring which vehicles are the most "American-made".

  • Winds of change as Ethiopia harnesses green power AFP - Sun, Jun 28, 2015 1:41 PM AEST
    Winds of change as Ethiopia harnesses green power

    The wind blows hard over Adama, a range of rocky hills in Ethiopia's highlands that provide the perfect location for one of the continent's largest wind farms. The Adama wind farm opened last month, its 153 megawatt (MW) capacity making it the largest wind farm in sub-Saharan Africa, and the latest of three giant Ethiopian wind farms. Farmers using simple ox carts to plough the soil around the bases of the wind turbines offer a striking contrast between rural lives, little changed for centuries, and the central government's ambition to develop a modern, climate-resilient economy.

  • Many options, no single solution to nation's traffic snarls Associated Press - Sun, Jun 28, 2015 1:52 AM AEST
    Many options, no single solution to nation's traffic snarls

    The problem is clear: Traffic congestion will become significantly worse and more widespread without big changes in how people and products get around. Build more roads. Build more public transit. Rely ...

  • USDA proposes healthier fare for child, adult day cares Associated Press - Sun, Jun 28, 2015 12:46 AM AEST
    USDA proposes healthier fare for child, adult day cares

    As teachers lament seeing toddlers too large to fit in playground swings, a federal program that feeds millions of low-income children may be overhauled for the first time in almost 50 years, aiming to ...

  • You face on your espresso? Highlights from tech show Associated Press - Sun, Jun 28, 2015 12:20 AM AEST
    You face on your espresso? Highlights from tech show

    Imagine staring deep into the foam of your favorite espresso drink and seeing a face looking back at you. Or how about using the charge in your fingers to clean your teeth? At the CE Week gadget show in ...

  • Recalls this week: Bicycles, toys and Lululemon tops Associated Press - Fri, Jun 26, 2015 11:46 PM AEST

    Tops from Lululemon are among this week's recalled products. Other recalled items include faulty bicycles and toys with lead paint. Here's a more detailed look: STOOLS DETAILS: Three models of Classroom ...

  • To Improve Productivity Tell Your Team to Go Take a Hike Entrepreneur - Fri, Jun 26, 2015 11:15 PM AEST
    To Improve Productivity Tell Your Team to Go Take a Hike

    Giving employees exercise breaks benefits their wellbeing and your bottom line.

  • Nestlé keeps faith with growth of emerging markets' middle class Financial Times - Fri, Jun 26, 2015 8:37 PM AEST

    Paul Bulcke, Nestlé chief executive, does not expect his industry to see the days of double-digit economic growth in emerging markets again. However, he dismisses the idea that its expectations for middle ...

  • How does uninsured motorist coverage work? Bankrate.com - Fri, Jun 26, 2015 8:00 PM AEST

    My friend was in a car accident that wasn't his fault, and the other person didn't have much insurance coverage. Drivers who don't have enough car insurance are a serious problem in the U.S. According to a 2013 report by the Insurance Research Council, 14% of car accidents are the fault of uninsured motorists nationwide. As a result, it's pretty important to have uninsured/underinsured coverage on your auto insurance policy in case of an accident that is the fault of one of these drivers.

  • Cut trans-Tasman red tape: report AAP - Fri, Jun 26, 2015 2:16 PM AEST

    Tradies and professionals could get easier access to cross-Tasman work and be recognised across Australian states under a new proposal. The Productivity Commission has published a draft report looking at problems with "mutual recognition" schemes affecting Australian states and New Zealand. The draft report - which will go to the two governments in final form in September - says that separate practices across states and NZ regarding the sale of goods and registration of occupations has harmed economic performance.

  • Qld banana farms to receive Panama kits AAP - Fri, Jun 26, 2015 12:59 PM AEST

    The Queensland government hopes to help banana farmers prevent the spread of a devastating fungal disease by mailing out hundreds of information kits. Panama Tropical Race 4 was detected at a far north Queensland farm in early May - the first time the soil-borne infection had made its way into Queensland after wiping out the Northern Territory's industry in the 1990s. Queensland's 280 commercial banana farms will be sent information kits from the state government about precautions to prevent the disease from spreading, Agriculture Minister Bill Byrne said on Friday.

  • Group gets green light for Vic wind farm AAP - Fri, Jun 26, 2015 12:05 PM AEST
    Group gets green light for Vic wind farm

    A deal has been struck to construct a $450 million wind farm in Victoria, just days after the renewable energy target finally passed parliament. A consortium of five companies, including America's GE and Australian contractor Downer EDI, has agreed to finance and build the 75-turbine Ararat wind farm in southwest Victoria. Project leader Renewable Energy Systems says the wind farm will be the country's third largest when construction is completed in 2017.

  • California court says 'sweepstakes' games are illegal Associated Press - Fri, Jun 26, 2015 9:15 AM AEST
    California court says 'sweepstakes' games are illegal

    Computerized "sweepstakes" games offered at special Internet cafes are the equivalent of slot machines that are illegal under state law, the California Supreme Court ruled Thursday. The court ...

  • Nike beats Street 4Q forecasts Associated Press - Fri, Jun 26, 2015 6:21 AM AEST

    The Beaverton, Oregon-based company said it had net income of 98 cents per share. The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research ...

  • Lululemon recalls women's tops because of draw cord injuries Associated Press - Fri, Jun 26, 2015 4:58 AM AEST

    Lululemon is recalling about 318,000 women's tops, saying the hard-tipped elastic draw cords can snap back and injure the face or eyes of a wearer. Regulators said Thursday that consumers should stop wearing ...

  • McDonald's: Fewer Happy Meal orders opting for soda Associated Press - Fri, Jun 26, 2015 1:09 AM AEST
    McDonald's: Fewer Happy Meal orders opting for soda

    McDonald's says fewer people are picking soda for Happy Meals after it stopped listing the drinks as an option on its menu boards. The world's biggest hamburger chain said Thursday 48 percent of Happy ...

  • General Mills to slash up to 725 jobs Associated Press - Fri, Jun 26, 2015 12:42 AM AEST

    General Mills expects to cut 675 to 725 jobs as it wrestles with sluggish sales. The maker of Cheerios, Yoplait and Progresso said Thursday that it will record pre-tax costs of about $57 million to $62 ...

  • News crew preparing for segment saves overdose victim's life Associated Press - Thu, Jun 25, 2015 11:16 PM AEST

    Police are crediting a Pittsburgh TV news crew with saving the life of an overdose victim by calling 911 and performing CPR on him before emergency responders could arrive. WPXI-TV (http://bit.ly/1QRyJwK ...

  • Takata CEO: Air bag defect still under investigation Associated Press - Thu, Jun 25, 2015 8:46 PM AEST
    Takata CEO: Air bag defect still under investigation

    The CEO of Takata Corp., the Japanese air bag maker at the center of a defect scandal that has resulted in recalls of more than 33.8 million vehicles, appeared at a news conference Thursday for the first ...

  • National mortgage rates for June 25, 2015 Bankrate.com - Thu, Jun 25, 2015 8:00 PM AEST

    Interest Rate Roundup Find the best mortgage rates in your area. Mortgages 30-year fixed: 4.16% Average points: 0.25 Mortgage rates were mostly up this week, according to Bankrate's June 24 survey of interest ...

  • Sizzler a fizzer for Collins Foods AAP - Thu, Jun 25, 2015 4:46 PM AEST

    Sizzler, the once popular all-you-can eat family restaurant chain, has lost its sizzle. Its owner Collins Foods says it won't be investing in the chain any more and will close a number of restaurants after deciding Sizzler was no longer a key part of the company's future. Collins, which also owns KFC stores, has written down the value of the Sizzler brand by $37.5 million amid falling revenue as it struggles to compete with an explosion of cheap family dining options.

  • Sweden's Electrolux denies reports of boss quitting AFP - Thu, Jun 25, 2015 4:40 PM AEST
    Sweden's Electrolux denies reports of boss quitting

    Swedish appliance giant Electrolux on Thursday denied a report that its American chairman Keith McLoughlin was resigning to reunite with his family in the US. It also indicated McLoughlin's current dual role heading the global group and its North American unit was a temporary situation awaiting a permanent appointment to the recently-vacated North American post. McLoughlin has led Electrolux since 2011, and oversaw its decision last year to acquire US company GE Appliances for $3.3 billion (2.9 billion euros).

  • Trouble Brews for ‘Imported’ Beers Made in America The Wall Street Journal - Thu, Jun 25, 2015 12:18 PM AEST
    Trouble Brews for ‘Imported’ Beers Made in America

    The refund—of as much as $50 for Beck’s drinkers who can produce valid receipts—is part of the settlement of a class-action lawsuit claiming that the beer’s maker, Anheuser-Busch InBev NV, tricked American consumers into believing that the beer was an authentic German pilsner, when it is really brewed in St. Louis. Bloomberg News Production of Beck’s moved to St. Louis from Germany in 2012, according to the suit against AB InBev. The deal is a costly one for AB InBev.

  • South Korean game makers go mobile Financial Times - Thu, Jun 25, 2015 12:09 PM AEST

    The daily commute can be an epic battle for many South Koreans. In the most wired country in the world, it is not uncommon to see bus and train passengers engaged in online smartphone wars, battling demons ...

  • KFC owner Collins Foods posts loss AAP - Thu, Jun 25, 2015 11:04 AM AEST

    Collins Foods will shut some of its Sizzler restaurants after the struggling brand led to a multi-million dollar writedown. The company, which also owns KFC restaurants, has swung into the red following a $37.5 million writedown to the goodwill of its Sizzler brand. Collins Foods says it now regards Sizzler Australia as "non-core" to its strategic growth and it plans to close a "limited" number of Sizzler restaurants in 2016 financial year.

  • Egg shortage hits US cafes AAP - Thu, Jun 25, 2015 10:31 AM AEST

    Restaurants are struggling to deal with higher egg prices and an inability to get enough eggs and egg products in the midst of a shortage brought about by a bird flu virus that wiped out millions of chickens on commercial farms this spring. Getting eggs from a smaller, local producer - which have largely been spared from the outbreak - has not protected Omaha restaurant owner Nick Bartholomew and other independently owned eateries. "We're now having to use three or four different producers and call around to different chicken farms to see what is available and when it will be available," said Bartholomew.

  • Collins Foods posts $10.4m loss AAP - Thu, Jun 25, 2015 9:38 AM AEST

    Collins Foods has suffered a $10 million loss following a more than $37 million writedown to its Sizzler brand. The company, which also owns more than 170 KFC restaurants in Australia, made a $10.4 million ...

  • Toyota, Nissan to recall more than 3 mln more cars over airbags AFP - Thu, Jun 25, 2015 6:06 AM AEST
    Toyota, Nissan to recall more than 3 mln more cars over airbags

    Toyota and Nissan, Japan's two top automakers, on Thursday said they will recall more than three million more cars globally because of concerns over airbags involved in eight deaths worldwide. "Toyota will now globally expand its recalls to involve approximately 2,860,000 additional vehicles equipped with certain front passenger airbag inflators," the automaker said in an email. Nissan said it would recall 198,000 units worldwide, while Mitsubishi also said it would call back 120,000 vehicles.

  • Japan automakers recall 3.2 million more cars over airbag AFP - Thu, Jun 25, 2015 5:35 AM AEST
    Japan automakers recall 3.2 million more cars over airbag

    Toyota and Nissan, Japan's two top automakers, on Thursday said they will recall more than three million more cars globally because of concerns over airbags involved in eight deaths worldwide. "Toyota ...