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PepsiCo to cut costs as weak N.America business hurts core profit forecast

PepsiCo to cut costs as weak N.America business hurts core profit forecast

Oct 8 (Reuters) - PepsiCo cut its annual core profit forecast on Thursday and said it would pursue additional cost cuts, warning that efforts to revive growth and profitability in its crucial North American business were taking longer than expected.
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Europe stocks retreat after three-day rally as rising yields, oil prices dent sentiment

Europe stocks retreat after three-day rally as rising yields, oil prices dent sentiment

By Sudeshna Ghoshal Oct 7 (Reuters) - European shares edged lower on Wednesday after three straight sessions of gains, as higher oil prices and an ascent in bond yields weighed on sentiment.
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Lululemon puts Nike veteran in charge of product as CEO O'Neill looks to right ship

Lululemon puts Nike veteran in charge of product as CEO O'Neill looks to right ship

Oct 7 (Reuters) - Lululemon Athletica on Wednesday named industry veteran and former Nike vice president Maggie Gauger its chief product officer as the struggling apparel maker overhauls its leadership under new CEO Heidi O'Neill.
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Tennis-Djokovic backs Sinner's decision to end season early and focus on recovery

Tennis-Djokovic backs Sinner's decision to end season early and focus on recovery

Oct 8 (Reuters) - Novak Djokovic has backed Jannik Sinner's decision to shut down his 2026 season as the world number one continues his recovery from a knee injury, saying the Italian was right to prioritise his long-term future over a rushed return.
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Mattel shares slip as investor urges strategic review

Mattel shares slip as investor urges strategic review

By Neil J Kanatt Oct 6 (Reuters) - Mattel's shares fell about 3% on Tuesday after investor Ariel Investments urged the toymaker to explore strategic alternatives, including a sale, merger or major asset divestiture.
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Starbucks Introduces Smaller Cafe Prototype to Reclaim In-Store Experience

Starbucks Introduces Smaller Cafe Prototype to Reclaim In-Store Experience

Starbucks Introduces Smaller Cafe Prototype to Reclaim In-Store Experience
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UK grocer Sainsbury's held merger talks with rival Morrisons, reports say

UK grocer Sainsbury's held merger talks with rival Morrisons, reports say

Oct 5 (Reuters) - Sainsbury's, Britain's second-largest grocer, held talks with smaller rival Morrisons about a merger earlier this year, according to media reports on Monday.
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Mattel investor Ariel pushes for sale as turnaround stalls

Mattel investor Ariel pushes for sale as turnaround stalls

Oct 5 (Reuters) - A major Mattel shareholder urged the Barbie maker on Monday to explore a sale, saying progress in its performance and profitability had stalled, according to a letter seen by Reuters.
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Uber bets $2.3 billion on ezCater to narrow gap with DoorDash

Uber bets $2.3 billion on ezCater to narrow gap with DoorDash

Oct 6 (Reuters) - Uber Technologies said on Tuesday it would buy US catering platform ezCater in an all-cash deal for $2.3 billion, its latest move to strengthen delivery, the company's fastest-growing business segment.
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Nasdaq notches record high close as investors focus on earnings

Nasdaq notches record high close as investors focus on earnings

By Noel Randewich and Tharuniyaa Lakshmi Oct 5 (Reuters) - The Nasdaq notched a record high close on Monday, lifted by Nvidia and Microsoft, as investors focused on a dip in oil prices and looked ahead to quarterly earnings reports.
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Nasdaq hits record high as investors focus on earnings

Nasdaq hits record high as investors focus on earnings

By Noel Randewich and Tharuniyaa Lakshmi Oct 5 (Reuters) - The Nasdaq hit an all-time high on Monday, lifted by Nvidia and Microsoft, as investors focused on a dip in oil prices and looked ahead to quarterly earnings reports.
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S&P 500, Nasdaq hit record highs as Treasury yields stall, oil slips

S&P 500, Nasdaq hit record highs as Treasury yields stall, oil slips

By Tharuniyaa Lakshmi and Shashwat Chauhan Oct 6 (Reuters) - The benchmark S&P 500 and the Nasdaq hit record highs on Tuesday as Treasury yields eased from multi-year highs and oil prices fell, while investors looked ahead to the upcoming quarterly earnings season.