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Target names PepsiCo executive Jim Lee as CFO

UPDATE 3-Target names PepsiCo executive Jim Lee as CFO Adds analyst comment in paragraph 6, background in paragraphs 8,9 By Savyata Mishra Sept 19 (Reuters) - U.S. retailer Target TGT.N on Thursday named long-time PepsiCo executive Jim Lee as its chief financial officer effective Sept. 22. Lee succeeds Michael Fiddelke, who was appointed as the company's chief operating officer early this year after serving as its finance chief since late 2019. Lee has more than 25 years of financial, strategy a
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Travel tech startup Hotel Engine valued at $2.1 bln after latest fundraise

Travel tech startup Hotel Engine valued at $2.1 bln after latest fundraise Sept 17 (Reuters) - Hotel Engine said on Tuesday it had raised $140 million in a funding round led by a fund advised by private equity giant Permira that valued the travel technology startup at $2.1 billion. WHY IT'S IMPORTANT Business travel has started to recover after a pandemic-era slump.
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More than 90 company executives, 100 law enforcement officials back Harris

UPDATE 1-More than 90 company executives, 100 law enforcement officials back Harris Over 100 law enforcement officials back Harris citing her experience and commitment to curb gun violence Harris's economic plan includes tax cuts for most Americans and raising corporate tax rate to 28% Trump proposes lowering corporate tax rate to 15% and hiring Elon Musk to audit U.S.
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More than 90 company executives endorse Harris for US president

More than 90 company executives endorse Harris for US president WASHINGTON, Sept 6 (Reuters) - More than 90 company executives, including the chief executives of Yelp and Chobani as well as the former CEOs of PepsiCo, Ford Motor Co and Yahoo!, endorsed U.S. Vice President Kamala Harris in a letter released on Friday. The group, which includes top sports and investment executives, said they were confident that the Democrat, who faces Republican former President Donald Trump in the Nov.
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Coke and Pepsi boycott over Gaza lifts Muslim countries' local sodas

INSIGHT-Coke and Pepsi boycott over Gaza lifts Muslim countries' local sodas Local brands like Cola Next and V7 see surge in demand Boycotts driven by politics, history and U.S. support for Israel Coke and Pepsi invest in local markets despite setbacks Adds link to factbox in paragraph 9 By Ariba Shahid, Jessica DiNapoli and Farah Saafan KARACHI/CAIRO/NEW YORK, Sept 4 (Reuters) - Coca-Cola KO.N and rival PepsiCo PEP.O spent hundreds of millions of dollars over decades building demand for their s
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From apartheid to Gaza, consumer boycotts have hit major companies over the years

REFILE-FACTBOX-From apartheid to Gaza, consumer boycotts have hit major companies over the years Corrects to remove extraneous letter in paragraph 1, changes story identification tag LONDON, Sept 4 (Reuters) - Global companies including Anheuser-Busch InBev ABI.BR , Coca-Cola KO.N and Target TGT.N have suffered hits to sales and, in some cases, reputations, after shoppers boycotted their products or services over the years.
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Coke and Pepsi boycott over Gaza lifts Muslim countries' local sodas

INSIGHT-Coke and Pepsi boycott over Gaza lifts Muslim countries' local sodas Local brands like Cola Next and V7 see surge in demand Boycotts driven by politics, history and U.S. support for Israel Coke and Pepsi invest in local markets despite setbacks By Ariba Shahid, Jessica DiNapoli and Farah Saafan KARACHI/CAIRO/NEW YORK, Sept 4 (Reuters) - Coca-Cola KO.N and rival PepsiCo PEP.O spent hundreds of millions of dollars over decades building demand for their soft drinks in Muslim-majority countr
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Nasdaq top and bottom performing stocks at about 03:45 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 03:45 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Dexcom Inc DXCM.OQ +4.3% PepsiCo Inc PEP.OQ +2.6% Monster Beverage Corp MNST.OQ +2.5% Xcel Energy Inc XEL.OQ +2.3% Super Micro Computer Inc SMCI.OQ +1.7% Bottom Performers Percent Change ON Semiconductor Corp ON.OQ -9.9% Constellation Energy Corp CEG.OQ -9.5% NVIDIA Corp NVDA.OQ -9.5% KLA Corp KLAC.OQ -9.5% Intel Corp INTC.OQ -8.9% The Nasdaq 100 .NDX lost 645.25 points, or 3.30%,
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Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Dexcom Inc DXCM.OQ +4.3% Super Micro Computer Inc SMCI.OQ +2.4% PepsiCo Inc PEP.OQ +2.2% Monster Beverage Corp MNST.OQ +1.8% Copart Inc CPRT.OQ +1.7% Bottom Performers Percent Change NVIDIA Corp NVDA.OQ -7.4% KLA Corp KLAC.OQ -7.3% GlobalFoundries Inc GFS.OQ -7.0% Intel Corp INTC.OQ -7.0% Constellation Energy Corp CEG.OQ -6.8% The Nasdaq 100 .NDX lost 457.05 points, or 2.33%, to 1
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Leslie's slides after announcing CEO transition

BUZZ-Leslie's slides after announcing CEO transition Updates stock activity to market open ** Shares of Leslie's LESL.O reverse small premarket gain and last down 5.7% at $2.90 early Tues after pool and spa supply retailer announced C-suite change ** Co late Mon named Jason McDonell as CEO, effective Sept 9, replacing Michael Egeck ** McDonell was most recently EVP at Advance Auto Parts AAP.N .
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Leslie's announces CEO transition, shares rise

BUZZ-Leslie's announces CEO transition, shares rise ** Shares of Leslie's LESL.O up 3.3% at $3.17 premarket after pool and spa supply retailer announced C-suite change ** Co late Mon named Jason McDonell as CEO, effective Sept 9, replacing Michael Egeck ** McDonell was most recently EVP at Advance Auto Parts AAP.N . Prior to his AAP stint, McDonell spent 21 years at PepsiCo, rising to role as Canada president and general manager of PepsiCo Food ** Egeck, appointed CEO in late Jan 2020, just prio
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What went wrong for Nestle CEO Mark Schneider

What went wrong for Nestle CEO Mark Schneider By Richa Naidu LONDON, Aug 26 (Reuters) - Mark Schneider, Nestle's recently ousted CEO, steered the world's biggest food maker through the COVID-19 pandemic, grew margins despite a subsequent supply chain crunch, and pulled off a historic reorganisation. So when did he lose the board's faith? While Nestle declined to comment on the nature of his departure when announcing it on Thursday, and Schneider did not respond to a request to do so, three sourc
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Delta Air COO Mike Spanos to leave carrier

UPDATE 2-Delta Air COO Mike Spanos to leave carrier Updates sourcing throughout Aug 23 (Reuters) - Delta Air' s DAL.N chief operating officer, Mike Spanos, will leave the airline next month to take on a role at another company, CEO Ed Bastian said in a memo to employees on Friday. Spanos had approached him earlier this summer to communicate that he was considering other opportunities, Bastian said.
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Packaging firm Amcor misses sales estimates on tepid demand

Packaging firm Amcor misses sales estimates on tepid demand Aug 15 (Reuters) - Packaging company Amcor 485.F , AMCR.N reported a more-than-expected decline in fourth-quarter sales on Thursday, hurt by weaker demand for its containers and cartons. Volumes for the company's products in rigid packaging fell due to persistent destocking in healthcare categories in North America — a major revenue-generating region.
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US FDA seeks fresh curbs on sodium levels in packaged, processed foods

US FDA seeks fresh curbs on sodium levels in packaged, processed foods Aug 15 (Reuters) - The U.S. Food and Drug Administration on Thursday laid out fresh goals to cut sodium levels in packaged and processed foods by about 20%, after its prior efforts to address a growing epidemic of diet-related chronic diseases showed early signs of success. The FDA in October 2021 had set guidelines to trim sodium levels in foods ranging from potato chips to hamburgers in a bid to prevent excessive intake of
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PepsiCo can be sued over health claims for Gatorade protein bars, judge says

PepsiCo can be sued over health claims for Gatorade protein bars, judge says By Jonathan Stempel Aug 15 (Reuters) - PepsiCo PEP.O can be sued for marketing its Gatorade protein bars as good for you though they have more sugar than protein and more sugar than typical candy bars, a federal judge ruled. In a decision on Wednesday, U.S. District Judge Casey Pitts in San Jose, California said three self-described fitness enthusiasts leading a proposed class action plausibly alleged that PepsiCo's mar
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Brewers tap growth of zero-alcohol beers in Middle East

FOCUS-Brewers tap growth of zero-alcohol beers in Middle East By Mohamed Ezz and Emma Rumney CAIRO/LONDON, Aug 15 (Reuters) - Egyptian Mohannad Abdelazeem, 35, doesn't drink alcohol. But he does consume three or four cans per day of Moussy and Fayrouz - alcohol-free beers. Brewers including Carlsberg CALRb.CO and Anheuser-Busch InBev ABI.BR say interest is growing in such booze-free brews across the Middle East and North Africa, presenting opportunities in a region with some of the lowest alcoho
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Mars to buy Pringles maker Kellanova for $36 billion in 2024's biggest deal

UPDATE 8-Mars to buy Pringles maker Kellanova for $36 billion in 2024's biggest deal All-cash deal for $83.50 per Kellanova share Acquisition expands Mars' snacking platform Shares up nearly 8% in early trade Adds more background on Mars and Kellanova from paragraphs 17-25 By Anirban Sen, Savyata Mishra, Jessica DiNapoli and Abigail Summerville NEW YORK, Aug 14 (Reuters) - Family-owned candy giant Mars is buying Cheez-It maker Kellanova K.N in a nearly $36 billion deal, bringing together brands
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Wall Street Journal - Aug 13

PRESS DIGEST- Wall Street Journal - Aug 13 Aug 13 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Three biggest ratings firms, S&P Global Ratings, Moody's Investors Service and Fitch Ratings, have downgraded the credit ratings of JetBlue Airways JBLU.O , pointing to a weakening outlook for airlines.
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Stocks and currencies steady, set for gains after turbulent week

EMERGING MARKETS-Stocks and currencies steady, set for gains after turbulent week Updated at 0920 GMT EM indexes set for weekly gains Global leaders push for urgent talks between Israel and Hamas China's July consumer prices jump faster than expected Investors avoid long-dated Kenyan debt MSCI EM stocks index up 1.6%, FX index up 0.4% By Lisa Pauline Mattackal Aug 9 (Reuters) - Emerging market stocks and currencies rose broadly on Friday, with indexes tracking both set for weekly gains after U.S
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