Tag: business

Campbell Soup, Express, Thor Industries and others
Campbell Soup, Express, Thor Industries and others

Check out the companies making headlines before the bell: Campbell Soup (CPB) – The food producer matched estimates with adjusted quarterly earnings of 69 cents per share, and revenue essentially in line with forecasts as well. Campbell’s adjusted gross margins slide 340 basis points due to cost inflation. It said demand trends are strong and […]

McDonald’s is temporarily closing Russian restaurants
McDonald’s is temporarily closing Russian restaurants

new York CNN Business — McDonald’s and Starbucks are shutting down their restaurants and cafes in Russia, and Coca-Cola is suspending its operations there in response to Russia’s invasion of Ukraine. PepsiCo is also pulling some products from the country. “McDonald’s has decided to temporarily close all our restaurants in Russia and pause all operations […]

Shell won’t buy any more Russian oil and gas
Shell won’t buy any more Russian oil and gas

London CNN Business — Russia is finding it ever harder to sell its oil and gas. Shell (RDSA)said Tuesday it was breaking completely with Russia’s giant energy industry, halting all purchases of Russian crude oil immediately and shutting its service stations in the country. The UK-based company, which last week announced it was dumping its […]

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