Kellogg's and General Mills have made some industry-leading promises to reduce harmful greenhouse emissions. It's a start.
PEKANBARU, SUMATRA, INDONESIA - JULY 12: A view of a palm oil plantation in Pelalawan district on July 12, 2014 in Riau province, Sumatra, Indonesia. According to Greenpeace, the destruction of forests is driven by the expansion of palm oil and pulp & paper has increased the greenhouse gas emissions, pushing animals such as sumatran tigers to the brink of extinction, and local communities to lose their source of life. (Ulet Ifansasti/Getty Images)
In a breakthrough in the fight against climate change, two of the biggest global food giants – Kellogg's and General Mills – have announced their commitment to cut greenhouse gas emissions in their agricultural supply chains. Kellogg's released their new climate policy on Wednesday, specifying their targets to reduce harmful emissions, trailing a similar announcement by …
Wal-Mart cut its annual profit outlook Thursday as it faced another quarter of sluggish sales and traffic declines. Wal-Mart is facing challenges from a slowly recovering economy and fierce competition from the likes of online king Amazon.com, dollar chains and grocers.
By Staff, Associated Press AUGUST 14, 2014
Sarah Bentham/AP/File View Caption
BENTONVILLE, ARK. — Wal-Mart Stores Inc. cut its annual profit outlook on Thursday as the world's largest retailer faced another quarter of sluggish sales and traffic declines.
Wal-Mart said it eked out a 0.6 percent increase in second-quarter profit and reported that a key revenue measure was flat in its U.S. discount business, after falling for five straight quarters. The company also reported its seventh straight quarter of traffic declines at its U.S. Wal-Mart stores.
The latest results show the continued challenges facing Wal-Mart's new management team. Doug McMillon, who was head of the company's international division, took over…
The fatal crash has the potential to transform an election landscape that looked like almost certain for incumbent Dilma Rousseff.
Wreckage is cleared from the site of the plane crash that killed Campos in Santos, Brazil on Wednesday. (AFP/Getty Images)
MONTEVIDEO, Uruguay — News spread quickly across Brazil Wednesday that presidential candidate Eduardo Campos had been killed along with six others in a private jet crash in the coastal city of Santos, just south of Sao Paulo. As messages of condolence poured out from social media and news reports, a secondary, cold-analysis narrative began to unfurl: Campos’ death has thrown the upcoming Brazilian elections into disarray.
Fyffes, with 7 percent of the banana market, would control nearly 30 percent if it manages to acquire Chiquita. Photo: Neil Hall/Reuters
“Cutrale has a whole series of actions against it, fines surrounding labor rights issues in the last few years alone and going back. It’s certainly worrying from a worker rights standpoint.”
– Alistair Smith, Banana Link
FULL BRIEFING On Aug. 11, the Brazilian groups Cutrale and Safra announced a $625 million takeover offer for Chiquita Brands International Inc.
The poor labor rights record of fruit producer Cutrale Group could become an issue in the Brazilian company’s bid to acquire Chiquita Brands International Inc.
“It’s something that Chiquita should worry about,” says Alistair Smith, international coordinator for Banana Link, a UK-based campaigner for sustainable trade. “Cutrale has a whole series of actions against it, fines surrounding labor rights issues in the last few years alone and going back. It’s certainly worrying from a w…