Posts From King World News

With global outlook weak, many U.S. companies tighten belts

U.S. companies are far from optimistic that next year will see them get a break from the tough economic and market conditions they have faced in 2015. In the first three weeks of October, 165 American companies have cited the slowing global economy in their outlooks for earnings and revenue. Earnings and revenue have been depressed this year largely because of the strong dollar, economic weakness in China and Brazil,

Nestle plans to resume Maggi sales in India next month: spokesman

Nestle SA, the world’s largest packaged food company, plans to resume sales in India of its Maggi noodles in November, a spokesman for the Swiss group said on Monday. Vevey, Switzerland-based Nestle has been grappling with a public relations crisis in India, a fast-growing consumer goods market, following a nationwide ban on its Maggi instant noodles in May. It has said the noodles are safe.