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Researchers at the University of York are calling for more stringent regulatory measures to reduce the health burden of smokeless tobacco, a product often found in UK stores without the proper health warnings and as a result of illicit trading. Smokeless tobacco is particularly popular in Asia and Africa and includes chewing tobacco as well […]

Campbell’s says millennials really like their tomato soup

Campbell Soup Co. says it can thank millennials and their taste for tomato soup for its latest earnings results. The iconic soup company posted better-than-expected earnings and sales in the fiscal second quarter, sending shares soaring more than 7% in Wednesday trading. Mark Clouse, Campbell’s chief executive, said the company’s condensed soups, an item it […]

Businesses worldwide count coronavirus cost. And it’s looking bleak.

Diageo became the latest multinational to measure the impact of the coronavirus epidemic on Wednesday as the world’s biggest spirits maker said the virus could hit profits by up to £200 million ($258.5 million) in 2020. For weeks, companies across the globe have avoided quantifying the true cost of the virus and its potential damage, […]

Canopy Growth extends gains, but analyst highlights issue that was overlooked in earnings

Canopy Growth Corp.’s U.S.-listed shares rose Monday, extending gains made Friday after the Canadian cannabis company surprised investors with better-than-expected earnings. The stock CGC, +1.07%WEED, -0.70% was up 1.6% and was outperforming rivals after the company beat revenue estimates in its fiscal third quarter. The Friday report sparked a rally across the sector that had lost […]

Bankrupt Dean Foods deals assets to dairy-farming cooperative

The biggest U.S. dairy farming cooperative struck a $425 million deal to buy dozens of plants from bankrupt milk processor Dean Foods Co., in a deal executives said would preserve jobs and markets for farmers’ milk. The deal, which was proposed by Dairy Farmers of America, requires approval of the bankruptcy court and the U.S. […]