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Nestle CEO praised by Third Point but hedge fund still wants more

LONDON/BOSTON (Reuters) – Nine months into leading the world’s biggest packaged food company, Nestle SA (NESN.S) Chief Executive Mark Schneider got a tentative thumbs-up from a prominent investor, who praised his early steps on Friday but said there was more work to be done. FILE PHOTO: Nestle CEO Ulf Mark Schneider speaks during the Nestle shareholders meeting in Lausanne, Switzerland, April 6, 2017. REUTERS/Denis Balibouse Billionaire hedge fund manager Daniel Loeb, whose firm Third Point made a $3.5 billion investment in Nestle in June, told his clients that he wasRead More


California judge tosses $417 million talc cancer verdict against Johnson & Johnson

(Reuters) – A California judge on Friday threw out a $417 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products like Johnson’s Baby Powder for feminine hygiene. FILE PHOTO: Bottles of Johnson & Johnson baby powder line a drugstore shelf in New York October 15, 2015. REUTERS/Lucas Jackson/Files The ruling by Los Angeles Superior Court Judge Maren Nelson marked the latest setback facing women and family members who accuse J&J of not adequately warning consumers aboutRead More


Monsanto sues Arkansas over proposed herbicide limits

CHICAGO (Reuters) – Monsanto Co sued Arkansas agricultural officials on Friday to stop a proposed summer ban on a weed killer linked to widespread crop damage beyond the major farm state’s borders. FILE PHOTO: Monsanto logo is displayed on a screen where the stock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 9, 2016. REUTERS/Brendan McDermid/File Photo The lawsuit seeks to block the Arkansas State Plant Board from prohibiting the use of dicamba herbicides, manufactured by Monsanto and BASF SE,Read More


Actress Lupita Nyong’o steps forward with allegations of sexual harassment involving Harvey Weinstein Video – Sharing #ABC #News Feed

Now Playing: Steve Buscemi reminisces on working with Quentin Tarantino Now Playing: Lupita Nyong’o speaks out about alleged Weinstein encounter Now Playing: New York City police investigating sexual allegations against Harvey Weinstein Now Playing: James Corden, Mayim Bialik face backlash for Harvey Weinstein comments Now Playing: Weinstein expelled from motion picture academy Now Playing: US, UK authorities open criminal investigations against Weinstein Now Playing: Actress Lupita Nyong’o steps forward with allegations of sexual harassment involving Harvey Weinstein Now Playing: ‘Real Live:’ Celebrities open up about body image in Hollywood NowRead More


Japan’s Mitsubishi, U.S. partner to invest $1.8 billion in data centres: media

TOKYO (Reuters) – Japanese trading house Mitsubishi Corp (8058.T) plans to set up a joint venture with U.S. data centre operator Digital Realty Trust (DLR.N) and build around 10 data centres in Japan by 2022 for 200 billion yen ($1.8 billion), the Nikkei said on Saturday. The logo of Mitsubishi Corp is pictured at its head office in Tokyo, Japan August 2, 2017. REUTERS/Kim Kyung-Hoon – RC1E7B85B0E0 Tokyo-based Mitsubishi expects the centres to help meet growing demand for information storage from customers of California-based Digital Realty and generate sales ofRead More


U.S. court blocks immigrant teen’s bid to obtain abortion

WASHINGTON (Reuters) – A U.S. appeals court on Friday prevented an illegal immigrant teenager detained by the government from immediately obtaining an abortion, although it left open the possibility she could undergo the procedure within days. The decision by a U.S. Court of Appeals for the District of Columbia Circuit panel gave the government until Oct. 31 to approve a sponsor, who could help the 17-year-old obtain the procedure without the government’s assistance. If the U.S. Department of Health and Human Services (HHS) signed off on the sponsor, she “willRead More


Heart transplant survivor runs half-marathon with her team of doctors – Sharing #ABC #News Feed

Kristin Marx finished the Milwaukee Half-Marathon Sunday, surrounded by family, friends and her cardiac-care team. It was a huge accomplishment for Marx, 37, who said she’d come up with the “crazy idea” with her sister-in-law one day in July. “We thought, ‘Hey, wouldn’t it be fun to do a half-marathon.’ It was kind of in a joking way and I wasn’t sure if I wanted to commit to it because I have never run a half-marathon in my life,” Marx said. It was also a huge deal because more thanRead More


Alphabet balloon project to provide limited internet in Puerto Rico

(Reuters) – Experimental communications balloons provided by Alphabet Inc in collaboration with AT&T Inc will allow some of the carrier’s customers in storm-ravaged Puerto Rico to send texts and access critical information on the internet, Alphabet said on Friday. Undated handout photo of a Project Loon balloon to be used in Puerto Rico, being launched from Nevada. REUTERS/Google/Handout Alphabet said the “Project Loon” balloon project would deliver limited internet connectivity to LTE enabled phones in the hardest-hit areas of Puerto Rico. The island’s wireless and broadband communications networks were devastatedRead More


NBA: Singer takes knee during performance of national anthem at Nets game

(Reuters) – Singer Justine Skye dropped to a knee toward the end of her rendition of The Star-Spangled Banner prior to the Brooklyn Nets home opener against the Orlando Magic on Friday. FILE PHOTO: Singer Justine Skye arrives at the 2016 MTV Video Music Awards in New York, U.S., August 28, 2016. REUTERS/Eduardo Munoz Some NFL players have sat or taken a knee during renditions of the song the past two seasons to protest racial inequality in the United States but NBA players have stood in accordance with league rules.Read More


Photos of the week

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