By Howard Schneider and Lindsay Dunsmuir WASHINGTON (Reuters) – Federal Reserve board nominee Judy Shelton faced deep skepticism from Republicans and Democrats on the Senate Banking Committee on Thursday, as lawmakers challenged her independence from President Donald Trump and characterized her thinking as too far outside the mainstream to trust with the nation’s economy. After […]
By Richa Naidu CHICAGO (Reuters) – Kraft Heinz Co <KHC.O> on Thursday missed quarterly sales estimates, forecast lower full-year core earnings, and wrote down the value of some businesses – including coffee brand Maxwell House – by $666 million. The Chicago-based company also highlighted “very, very volatile” pork prices due to problems in China including […]
Donald Trump’s failed and divisive re-election campaign doesn’t immediately come to mind as a model for success in corporate America. Nonetheless, retail giant Amazon seems to have taken some lessons from the former president in its frantic effort to quash a unionization drive underway at one of its warehouses in Alabama. Amazon questioned the legitimacy […]
