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Packaged food giants push direct online sales to gauge consumer tastes

Packaged food giants including Kraft Heinz, General Mills and Kellogg are pushing sales of their products to consumers directly via their own online channels, in a quest to gather more

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Citigroup considering divestiture of some foreign consumer units

Citigroup Inc is considering divesting some international consumer units, citing people familiar with the matter. The discussions are around divesting units across retail banking in the Asia-Pacific region “As our

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Texas storm may cost insurers record first-quarter losses – A.M. Best

Insurers could suffer record first-quarter catastrophe losses after the historic Texas winter storm, which crippled the state’s electrical grid and caused extensive property damage including collapsed roofs and broken pipes,

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Wall Street closes flat as cyclicals shine, big tech falls

Stocks on Wall Street closed near break-even on Friday as investors sold technology shares that have rallied through the pandemic and rotated into cyclical stocks set to benefit from pent-up

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After harassment complaints, BlackRock vows to strengthen training

BlackRock Inc will beef up its process to investigate workers’ concerns and expand training after former employees shared accounts on social media of racial and sexual harassment. Manish Mehta, BlackRock’s

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Taiwan says receives U.S. letter on auto chips, firms are doing what they should

Taiwan Economy Minister Wang Mei-hua said on Saturday she had received a letter from the White House on the global shortage of auto chips and Taiwanese semiconductor firms are “doing

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Brazil’s Bolsonaro to oust Petrobras CEO after fuel pricing spat

Brazilian President Jair Bolsonaro moved to replace the head of state-run oil company Petrobras, naming a retired army general with no oil and gas experience as CEO after weeks of

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