Latest Consumer products and services News
Editorial Roundup: Minnesota
Minneapolis Star Tribune. April 20, 2024. Editorial: Minnesota is losing the race on mental health care A new state study concludes that reimbursement provided by medical programs hasn’t kept pace with the cost of providing care. So it makes zero sense to let a cut...
Kimberly-Clark: Q1 Earnings Snapshot
DALLAS (AP) — DALLAS (AP) — Kimberly-Clark Corp. (KMB) on Tuesday reported first-quarter earnings of $647 million. The Dallas-based company said it had profit of $1.91 per share. Earnings, adjusted for non-recurring costs, were $2.01 per share. The results beat...
Court approves 3M settlement over 'forever chemicals' in public drinking water systems
Chemical manufacturer 3M will begin payments starting in the third quarter to many U.S. public drinking water systems as part of a multi-billion-dollar settlement over contamination with potentially harmful compounds used in firefighting foam and several consumer products, the company said. ...
Huawei’s profit more than doubles in 2023, sales up 9.6% as cloud and digital businesses grow
HONG KONG (AP) — Chinese telecoms gear company Huawei Technologies has reported its profit more than doubled last year as its cloud and digital businesses thrived in spite of U.S. sanctions. The Shenzhen-based company reported a net profit of 87 billion yuan ($12 billion), helped...
Elbit: Q4 Earnings Snapshot
HAIFA, Israel (AP) — HAIFA, Israel (AP) — Elbit Systems Ltd. (ESLT) on Tuesday reported net income of $30 million in its fourth quarter. On a per-share basis, the Haifa, Israel-based company said it had profit of 67 cents. Earnings, adjusted for one-time gains and costs, were...
Excitement and skepticism meet Algeria's decision to import beef to meet high demand during Ramadan
ALGIERS, Algeria (AP) — Algeria is importing massive amounts of beef and lamb to confront an explosion in demand for meat expected throughout the Muslim holy month of Ramadan, hoping to stabilize prices as the country's economy continues to struggle. The oil-rich North African...
Ground cinnamon sold at discount stores is tainted with lead, FDA warns
Ground cinnamon sold by U.S. discount retailers is contaminated with high levels of lead and should be discarded, federal health officials said Wednesday. The U.S. Food and Drug Administration said cinnamon sold by stores including the Dollar Tree and Family Dollar contains lead at...
Honest: Q4 Earnings Snapshot
LOS ANGELES (AP) — LOS ANGELES (AP) — Honest Co. (HNST) on Wednesday reported fourth-quarter earnings of $1.1 million. On a per-share basis, the Los Angeles-based company said it had net income of 1 cent. The results exceeded Wall Street expectations. The average...
Best Buy's shares up after chain posts smaller-than expected sales decline for 4Q
NEW YORK (AP) — Best Buy's shares rose on Thursday as the nation's largest consumer electronics chain posted a smaller-than-expected sales decline for the fiscal fourth quarter, signaling that the bottom of spending on gadgets may be in sight. The Minneapolis-based company reported...
Newell Brands: Q4 Earnings Snapshot
ATLANTA (AP) — ATLANTA (AP) — Newell Brands Inc. (NWL) on Friday reported a loss of $86 million in its fourth quarter. The Atlanta-based company said it had a loss of 21 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, were 22 cents per share. ...
