Hershey's buys Pirate's Booty to double down on healthy snacks

Hershey's buys Pirate's Booty to double down on healthy snacks

Hershey’s is increasing its bet on healthy food. The chocolate maker announced on Wednesday that it has agreed to acquire Pirate Brands, which makes Pirate’s Booty, Smart Puffs and Original Tings, in order to expand its healthier snacks portfolio. B&G Foods will sell the suite of snacks for $420 million. Last year, Hershey’s (HSY) bought […]

Goldman Sachs' Next CEO Replaces Finance Chief, Names Top Deputy

Goldman Sachs' Next CEO Replaces Finance Chief, Names Top Deputy

David Solomon is assembling his inner circle as he prepares to take the helm at Goldman Sachs GS 0.11% Group Inc., replacing the bank’s chief financial officer and installing a longtime lieutenant as his top deputy. Goldman is expected to name John Waldron as its president and Stephen Scherr as its new finance chief, replacing […]

Trump Says 'Nervous Mess' Dimon Lacks Smarts for Presidency

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Oil slips from 4-month highs on economic concerns

Oil slips from 4-month highs on economic concerns

Oil prices fell on Thursday, slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand even as supply tightens. Benchmark Brent crude oil was down 60 cents a barrel at $79.14. U.S. light crude fell $1.31 to a low of $69.06 a barrel and […]

Jobless claims fall slightly to 203000 and stick to 49-year low

Jobless claims fall slightly to 203000 and stick to 49-year low

Getty Images Job openings in the U.S. are at a record high and layoffs are near a 50-year low. The numbers: The rate of layoffs in the U.S. fell slightly in early September and clung to a 49-year low, underscoring the strength of a ebullient economy and the best labor market at least since […]

ECB keeps policy unchanged, staying on course to curb stimulus

ECB keeps policy unchanged, staying on course to curb stimulus

FRANKFURT (Reuters) – The European Central Bank kept policy unchanged as expected on Thursday, staying on track to end bond purchases this year and raise interest rates next autumn, even as protectionist moves around the globe drag on growth. FILE PHOTO: The logo of the European Central Bank (ECB) is pictured outside its headquarters in […]

Erdogan Publishes Decree Forcing Contracts in Turkey to Be Made in Liras

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The trade war is already hurting US companies in China

The trade war is already hurting US companies in China

US companies in China say they are already feeling the pain from the trade war. In a survey by two American chambers of commerce in China, nearly two-thirds of US firms who responded said the waves of new tariffs have harmed their business. The United States and China have so far slapped tariffs of 25% […]

OPEC Ramps Up Output, Making Up for Iranian Oil Lost to Sanctions

OPEC Ramps Up Output, Making Up for Iranian Oil Lost to Sanctions

LONDON—OPEC oil production surged last month, more than making up for a decline in Iranian supply due to U.S. economic sanctions, the International Energy Agency said Thursday. In its closely watched monthly oil market report, the IEA said crude oil output in the Organization of the Petroleum Exporting Countries climbed in August by 420,000 barrels […]