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Baby formula makers ramp up U.S. supplies to tackle shortage

* Reckitt boosts baby formula production by 30% * Nestle flies supplies to U.S. from Europe * Abbott gets go-ahead to resume production * U.S. to allow imports from foreign makers By Richa Naidu LONDON, May 17 (Reuters) - Top baby formula makers Reckitt Benckiser RKT.L and Nestle NESN.N have ramped up supplies to the United States to resolve a shor

Peak hawkishness

A look at the day ahead from Danilo Masoni. A sharply lower close on Wall Street on Friday will set the tone across Europe this morning, as a busy week for central banks kicks off the new month following a stormy April dominated by concerns about slowing global growth. Disappointing numbers from Amazon AMZN.O sent shares of the e-commerce giant int

Wall Street Journal - April 25

April 25 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Twitter Inc TWTR.N is in discussions to sell itself to Elon Musk and could finalize a deal as soon as this week, people familiar with the matter said, a dramatic turn of events just 10 da

Nestle fends off cost inflation, helped by higher prices

* Q1 organic sales up 7.6% vs 5.0% forecast * Q1 pricing up 5.2% vs 3.8% estimate in poll * Confirms FY margin and growth targets * To increase prices further due to cost inflation * Russia no longer included in figures By Silke Koltrowitz ZURICH, April 21 (Reuters) - Nestle NESN.S on Thursday confirmed it expects to grow sales around 5% and keep m

Indians tighten belts as Ukraine war drives up prices of necessities

* Higher prices from Ukraine conflict put recovery at risk * Companies up prices to pass on higher costs of fuel, materials * Some Indians have seen salaries halved during the pandemic By Aftab Ahmed and Rajendra Jadhav NEW DELHI, March 23 (Reuters) - Many Indians are cutting down on fried food and even vegetables as the Ukraine war inflates the pr


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