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US companies tweak diversity policies as challenges mount

FACTBOX-US companies tweak diversity policies as challenges mount Adds Ford Aug 28 (Reuters) - More U.S. companies are modifying their diversity, equity, and inclusion (DEI) programs meant to boost racial and ethnic representation at workplaces amid rising pressure from conservative groups. At least six major U.S. companies, including JPMorgan Chase JPM.N , modified their DEI policies last year, according to a Reuters review of corporate statements.
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Indian rice exporter GRM Overseas buys stake in Rage Coffee in push into new-age brands

Indian rice exporter GRM Overseas buys stake in Rage Coffee in push into new-age brands BENGALURU, Aug 28 (Reuters) - GRM Overseas GRMO.NS , India's third-largest rice exporter, said on Wednesday that it bought a 44% stake in the parent of instant coffee maker Rage Coffee, as a part its move to invest in various new-age consumer brands. GRM, which mainly deals with rice, flour and edible oils, said it bought the stake in Swmabhan Commerce through primary infusion and secondary buyouts, but did n
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Dairy group Arla's raises 2024 revenue outlook on higher prices

UPDATE 2-Dairy group Arla's raises 2024 revenue outlook on higher prices Recasts, updates throughout with company seeing higher prices By Isabelle Yr Carlsson COPENHAGEN, Aug 28 (Reuters) - Denmark's Arla, one of the world's biggest dairy producers and the maker of Lurpak butter and Castello cheese , raised its full-year revenue outlook on Wednesday and said it expected prices to rise, despite reporting a drop in first-half revenue.
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Arla reports decreased sales in H1, hikes outlook

Arla reports decreased sales in H1, hikes outlook COPENHAGEN, Aug 28 (Reuters) - Denmark's Arla, one of the world's biggest dairy producers, reported on Wednesday a drop in sales for the first half of 2024 but still raised its full-year revenue outlook. Reporting by Isabelle Yr Carlsson, editing by Terje Solsvik
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US companies tweak diversity policies as challenges mount

FACTBOX-US companies tweak diversity policies as challenges mount Aug 27 (Reuters) - More U.S. companies are modifying their diversity, equity, and inclusion (DEI) programs meant to boost racial and ethnic representation at workplaces amid rising pressure from conservative groups. At least six major U.S. companies, including JPMorgan Chase JPM.N , modified their DEI policies last year, according to a Reuters review of corporate statements.
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Chinese embrace icy DIY drinks as competition with cafes heats up

Chinese embrace icy DIY drinks as competition with cafes heats up By Sophie Yu and Casey Hall BEIJING, Aug 27 (Reuters) - Pre-packaged cups of ice have been flying off the shelves of Chinese convenience stores this summer as consumers experiment with tea, coffee and juice combos to make affordable, cold drinks that don't involve a trip to a coffee shop.
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New Mexico Starbucks nicknamed 'Charbucks' after arson attacks

New Mexico Starbucks nicknamed 'Charbucks' after arson attacks Not all residents of artsy Taos take kindly to national chains Town council supports the store for employment and tax revenue Police think they know the culprits but lack evidence Taos' first drive-through Starbucks still hopes to open in spring 2025 By Andrew Hay TAOS, New Mexico, Aug 24 (Reuters) - After two arson attacks at a Starbucks SBUX.O construction site in Taos, New Mexico, a developer is trying again to build the chain's f
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Walmart's JD exit displays derisking smarts

RPT-BREAKINGVIEWS-Walmart's JD exit displays derisking smarts The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Chan Ka Sing HONG KONG, Aug 21 (Reuters Breakingviews) - It may be tempting to scream "decoupling" after a quick glance at Walmart's WMT.N decision to offload its entire stake in JD.com 9618.HK , JD.O for $3.6 billion, per IFR .
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Walmart's JD exit displays derisking smarts

BREAKINGVIEWS-Walmart's JD exit displays derisking smarts The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Chan Ka Sing HONG KONG, Aug 21 (Reuters Breakingviews) - It may be tempting to scream "decoupling" after a quick glance at Walmart's WMT.N decision to offload its entire stake in JD.com 9618.HK , JD.O for $3.6 billion, per IFR .
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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 Illumina Inc ILMN.OQ +4.2% Advanced Micro Devices Inc AMD.OQ +3.9% Moderna Inc MRNA.OQ +3.8% Dexcom Inc DXCM.OQ +3.8% NVIDIA Corp NVDA.OQ +3.5% Bottom Performers Percent Change Starbucks Corp SBUX.OQ -2.5% CDW Corp CDW.OQ -1.9% Fastenal Co FAST.OQ -1.6% Super Micro Computer Inc SMCI.OQ -1.0% KLA Corp KLAC.OQ -0.7% The Nasdaq 100 .NDX gained 176.13 points, or 0.90%, to 19,684.66 an
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S&P 500 top and bottom performing stocks at about 03:30 p.m. EDT

BUZZ - S&P 500 top and bottom performing stocks at about 03:30 p.m. EDT S&P 500 .SPX Top Performers Percent Change Albemarle Corp ALB.N +4.9% EQT Corp EQT.N +4.6% Advanced Micro Devices Inc AMD.OQ +4.3% Darden Restaurants Inc DRI.N +4.1% Moderna Inc MRNA.OQ +3.9% Bottom Performers Percent Change HP Inc HPQ.N -3.5% Starbucks Corp SBUX.OQ -2.2% Domin
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U.S. STOCKS Copper miners, Palo Alto Networks, Lowe's

BUZZ-U.S. STOCKS ON THE MOVE-Copper miners, Palo Alto Networks, Lowe's Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The S&P 500 and the Nasdaq rose for an eighth straight session on Monday as concerns around an impending recession abated and markets zeroed in on Federal Reserve Chair Jerome Powell's speech at Jackson Hole later this week.
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U.S. STOCKS Lineage, J.B. Hunt, McDonald's

BUZZ-U.S. STOCKS ON THE MOVE-Lineage, J.B. Hunt, McDonald's Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main stock indexes extended their gains in choppy trading on Monday after clocking their best week of the year, while investors looked ahead to Federal Reserve Chair Jerome Powell's speech at Jackson Hole for rate-cut indications.
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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 +2.7% Advanced Micro Devices Inc AMD.OQ +2.7% Illumina Inc ILMN.OQ +2.6% Moderna Inc MRNA.OQ +2.3% Dollar Tree Inc DLTR.OQ +2.0% Bottom Performers Percent Change Starbucks Corp SBUX.OQ -2.2% Broadcom Inc AVGO.OQ -1.9% Super Micro Computer Inc SMCI.OQ -1.9% Micron Technology Inc MU.OQ -1.9% KLA Corp KLAC.OQ -1.8% The Nasdaq 100 .NDX gained 26.41 points, or 0.14%,
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S&P 500 top and bottom performing stocks at about 12:00 p.m. EDT

BUZZ - S&P 500 top and bottom performing stocks at about 12:00 p.m. EDT S&P 500 .SPX Top Performers Percent Change EQT Corp EQT.N +4.1% Match Group Inc MTCH.OQ +3.7% Darden Restaurants Inc DRI.N +3.6% Albemarle Corp ALB.N +3.4% Advanced Micro Devices Inc AMD.OQ +3.1% Bottom Performers Percent Change HP Inc HPQ.N -3.5% Domino's Pizza Inc DPZ.N -2.8%
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Southwest digs in for boardroom battle with Elliott

Southwest digs in for boardroom battle with Elliott By Rajesh Kumar Singh and Allison Lampert CHICAGO, Aug 19 (Reuters) - Southwest Airlines LUV.N is girding itself for a fight with Elliott Investment Management, rallying support from investors and employees to face down an activist investor looking for wholesale changes to company leadership. In recent weeks, CEO Bob Jordan has been meeting and gathering feedback from investors to stave off Elliott's advances - casting the investment firm's app
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Starbucks is sued again for alleged stealing concept for coffee-flavored lipstick

Starbucks is sued again for alleged stealing concept for coffee-flavored lipstick By Jonathan Stempel NEW YORK, Aug 16 (Reuters) - Starbucks SBUX.O has been sued for a third time by a company that accused the coffee chain of stealing its concept for coffee-flavored lipstick and lip gloss. Balmuccino, whose leaders have included a sister-in-law of TV doctor Mehmet Oz, filed its complaint on Friday in Manhattan federal court.
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Starbucks piles whipped cream atop CEO pay problem

CORRECTED-RPT-BREAKINGVIEWS-Starbucks piles whipped cream atop CEO pay problem Corrects figures throughout to reflect that the proportion of Niccol’s $23 million share-based bonus eligible to be tripled is 60%, not 100%. Adds that a portion of Niccol’s replacement stock award could also increase in certain circumstances. The author is a Reuters Breakingviews columnist.
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Starbucks piles whipped cream atop CEO pay problem

CORRECTED-BREAKINGVIEWS-Starbucks piles whipped cream atop CEO pay problem Corrects figures throughout to reflect that the proportion of Niccol’s $23 million share-based bonus eligible to be tripled is 60%, not 100%. Adds that a portion of Niccol’s replacement stock award could also increase in certain circumstances. The author is a Reuters Breakingviews columnist.
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Chipotle investors see continued growth, steady leadership after CEO Niccol departs

UPDATE 1-Chipotle investors see continued growth, steady leadership after CEO Niccol departs Adds comments from Chipotle investor Bill Ackman, updates shares, paragraphs 3 and 7-8 Scott Boatwright named Chipotle's interim CEO, worked closely with predecessor Niccol since 2018 Investors including Bill Ackman confident in Chipotle's growth despite Niccol's departure for Starbucks' top job During Niccol's Chipotle tenure, sales doubled and stock tripled By Ananya Mariam Rajesh Aug 15 (Reuters) - Ch
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