US industrial production data shows manufacturing rebound

  US factory output increased much more than expected in August, according to data released by the Federal Reserve on Tuesday. The data provide the last snapshot of US economic growth as the Fed’s rate-setting committee meets in Washington this week,...
  • September 17, 2019
  • 32 Views

Kraft Heinz shares fall after 3G Capital cuts stake

  3G Capital, the Brazilian-US investment group, has reduced its stake in Kraft Heinz as the food company grapples with multibillion-dollar writedowns and falling sales. Securities filings show that 3G, which created the food business in a 2015 merge...
  • September 17, 2019
  • 30 Views

EU

  The Luxembourg prime minister was accused of “not serving the European cause” and fuelling animosity with his desperate attempt to steal the show raising eyebrows across the Continent. Detractors said the bizarre solo press briefing, in front of a ...
  • September 17, 2019
  • 54 Views

Sanjeev Gupta struggles to sell high-yield bond deal

  Sanjeev Gupta is making deep concessions to debt investors to salvage the industrialist’s first attempt at a high-yield bond deal, which missed its planned pricing date after drawing a tepid response from investors. The UK metals magnate hired JPMo...
  • September 17, 2019
  • 29 Views

Kentucky gets SF Clarke, No. 4 prospect in 2021

  Top-five prospect Terrence Clarke announced his commitment to the Kentucky Wildcats on Saturday afternoon, giving John Calipari his second top-50 pledge in three days and his fourth in the past two months. A 6-foot-7 small forward from Brewster Aca...
  • September 17, 2019
  • 30 Views

Rise in Swedish unemployment deepens concerns over economy

  Sweden’s unemployment rate rose unexpectedly last month, according to figures that have deepened concerns that the economy’s slowdown has worsened. The seasonally adjusted rate rose in August to 7.4 per cent, compared with the earlier figure of 7.1...
  • September 17, 2019
  • 31 Views

Calif. Senate OKs athlete bill NCAA calls harmful

  The NCAA on Wednesday said legislation in California aimed at giving college athletes a chance to earn money while in school — known as the Fair Pay to Play Act — is harmful and unconstitutional and would “upend the balance”...
  • September 17, 2019
  • 30 Views

Jordan, other NBA owners enter tequila business

  BOSTON — When Michael Jordan decided to get into the tequila business, he could have slapped his name on the label, maybe autographed a few bottles and sold out the whole run in hours. No matter what it tasted like. Instead, the basketball ha...
  • September 17, 2019
  • 28 Views

Bill Gates: world needs to move faster on tackling inequality

  FT subscribers can click here to receive Moral Money every Wednesday by email. Few figures have been quite as influential on the world stage as Bill Gates. Having helped to transform the world of technology, he has moved on to do the same for globa...
  • September 17, 2019
  • 21 Views
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