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Tag: FOBE

  • Tyson Foods is closing two U.S. chicken plants employing nearly 1,700 workers

    CHICAGO, March 14 (Reuters) – Tyson Foods Inc (TSN.N) will close two U.S. chicken plants employing nearly 1,700 workers on May 12, the company said on Tuesday. The closures show that the largest U.S. meat company by revenue is still trying to figure out how to improve its chicken business, which has struggled for years. […]

  • HSBC bails out the British branch of stricken Silicon Valley Bank

    US authorities support savers The UK deal puts an end to frenetic weekend talks UK Chancellor of the Exchequer: Deposits safe LONDON, March 13 (Reuters) – HSBC (HSBA.L) on Monday bought the UK branch of stricken Silicon Valley Bank for a token pound, bailing out a major lender to Britain’s technology start-ups and mitigating the […]

  • Four-day workweek favored by UK employers in world’s largest trial

    Nine out of ten pilot farms adhere to a four-day working week Companies say that employees work more in less time The four-day work week is gaining traction, but some companies are still hesitant LONDON, Feb. 21 (Reuters) – Dozens of British employers trying out a four-day work week have mostly decided to stick with […]

  • Japan halts launch of H3 flagship missile just before liftoff

    TOKYO, Feb. 17 (Reuters) – Japan on Friday halted the launch of its first new medium-lift rocket in three decades just before the H3 vehicle was due to take off after secondary booster motors tethered to the side failed to fire. During the live-streamed event, the H3’s main engine failed after the launch countdown reached […]

  • Nestle is planning price increases after costs eat into profits

    Price increases needed to further offset commodity inflation Company expects organic growth of 6-8% in 2023 CEO says supply chain pressure is easing ZURICH, Feb. 16 (Reuters) – The world’s largest food group Nestle (NESN.S) will raise prices further this year, CEO Mark Schneider said on Thursday, after more expensive ingredients contributed to full-year net […]