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Food distributor Sysco forecasts strong annual sales, profit on resilient demand

Food distributor Sysco forecasts strong annual sales, profit on resilient demand

Aug 4 (Reuters) - Sysco on Tuesday forecast strong annual results after beating quarterly sales and profit estimates, helped by improving orders from local and international customers despite macroeconomic uncertainty and an outbreak of cyclosporiasis in the U.S.

McDonald's US sales growth slows as value deals fail to draw enough diners

McDonald's US sales growth slows as value deals fail to draw enough diners

By Savyata Mishra Aug 4 (Reuters) - McDonald's on Tuesday missed U.S. sales growth expectations for the second quarter as its value deals failed to sufficiently draw lower-income diners who have been cutting back restaurant spending due to growing economic worries.

McDonald's US sales growth slows as value push falters

McDonald's US sales growth slows as value push falters

By Savyata Mishra Aug 4 (Reuters) - McDonald's on Tuesday missed U.S. sales growth expectations for the second quarter, blaming execution lapses that blunted its value push aimed at lower-income consumers who have been cutting back restaurant spending.

First US deaths in cyclosporiasis outbreak recorded in Michigan

First US deaths in cyclosporiasis outbreak recorded in Michigan

By Siddhi Mahatole Aug 3 (Reuters) - Two people have died from cyclosporiasis in Michigan, the state's health department said on Monday, marking the first fatalities in the largest U.S. outbreak of the intestinal illness.

Tyson Foods cuts profit forecast as tight US cattle supplies squeeze beef business

Tyson Foods cuts profit forecast as tight US cattle supplies squeeze beef business

Aug 3 (Reuters) - Tyson Foods lowered its annual profit forecast on Monday, warning that losses in its beef business would widen as tight U.S. cattle supplies keep livestock costs elevated.

Marriott forecasts quarterly profit below estimates as Middle East revenue slumps

Marriott forecasts quarterly profit below estimates as Middle East revenue slumps

By Anshuman Tripathy Aug 3 (Reuters) - Marriott International forecast third-quarter profit below Wall Street expectations on Monday as softer demand in the Middle East hurt hotel room revenue, sending shares 7% lower in early trading.

Marathon Petroleum posts highest profit since 2022 as supply disruptions lift margins

Marathon Petroleum posts highest profit since 2022 as supply disruptions lift margins

Aug 4 (Reuters) - Refiner Marathon Petroleum reported its highest quarterly profit in four years on Tuesday and topped analysts' profit estimates, as prolonged disruptions to crude supplies through the Strait of Hormuz lifted refining margins. Shares of Marathon rose around 2.1% in premarket trade.

Oil prices drop 5% to three-week low after Trump cancels attack on Iran

Oil prices drop 5% to three-week low after Trump cancels attack on Iran

By Scott DiSavino NEW YORK, Aug 3 (Reuters) - Oil prices fell about 5% to a three-week low on Monday after U.S. President Donald Trump held off on a fresh attack on Iran in the hope of sealing a quick deal that could boost oil supplies from the Gulf.

Cummins misses quarterly profit estimates despite strong generator demand

Cummins misses quarterly profit estimates despite strong generator demand

Aug 4(Reuters) - U.S. truck engine maker Cummins reported second-quarter profit below market expectations on Tuesday, despite benefiting from strong demand for generators and improving conditions in the North American truck market, sending its shares down as much as 8% in premarket trading.

California's Diesel Prices Surge Amid Iran Conflict, Affecting U.S. Economy

California's Diesel Prices Surge Amid Iran Conflict, Affecting U.S. Economy

California's Diesel Prices Surge Amid Iran Conflict, Affecting U.S. Economy

Sarasota Herald-Tribune

2 deaths linked to cyclosporiasis outbreak. How many Florida cases?

2 deaths linked to cyclosporiasis outbreak. How many Florida cases?

Michigan reports the first two deaths linked to the cyclospora outbreak. Meanwhile, Florida cases are steadily climbing, here's where.

Kimberly-Clark cuts annual forecasts as China disruption weighs on diaper sales

Kimberly-Clark cuts annual forecasts as China disruption weighs on diaper sales

Aug 4 (Reuters) - Kimberly-Clark cut its annual sales and profit forecasts on Tuesday, citing a significant hit to second-quarter sales in China that stemmed from false claims about the quality of some of its diaper brands.