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Cemex CEO Fernando González to Step Down After 30 Years
González will be replaced April 1 by Jaime Muguiro, who is the current head of Cemex’s U.S. operations, the company said in a statement.
Rivian Broadens Sales of Van Once Exclusive to Amazon
Rivian said it will sell its electric delivery van designed for Amazon to other customers, a move to boost revenue from fleet operators as consumer demand for battery-powered cars slows.
Amazon Posts Strong Q4 Earnings, but Stock Dips on Q1 Outlook
Amazon on Feb. 6 reported better-than-expected revenue and profit for the holiday shopping period, but its share price dipped in after-hours trading due to disappointing guidance for Q1.
Beacon Roofing Rejects Hostile QXO Bid
Beacon Roofing Supply has officially rejected a hostile takeover approach from QXO, setting the stage for a potentially protracted battle for control of the building supplies provider.
Logistics Agents Put 30% Levy on Shein, Temu Retailers
Chinese retailers that sell on Shein and Temu have been asked by logistics agents to start paying an additional 30% levy after President Donald Trump hiked tariffs on goods imported to the U.S.
February 6, 2025Cargill Buys Biofuels Supplier to Grow Beyond Grains
Agricultural commodities trader Cargill is boosting its renewable fuels and sugar operation in Brazil after a period of shrinking earnings as the price of corn and soybeans tumbled.
Inflation, Pivot to Healthier Snacks Weigh on PepsiCo in Q4
PepsiCo said Feb. 4 that high prices and changing consumer tastes have weakened U.S. demand for its snacks and drinks but it’s confident it can turn that around in the coming year.
Amazon to Face Legal Action After Layoffs in Quebec
Amazon.com Inc.’s decision to close all seven of its warehouses in the Canadian province of Quebec and terminate more than 1,900 workers is prompting legal action from the affected union.
ADM Plans to Cut Up to 700 Jobs
Archer-Daniels-Midland Co. said it will reduce its workforce as the company expects profits to decline for a third straight year.
Sysco Profit Dips as Avian Flu-Induced Inflation Bites
Cost growth outpaced sales wins due to inflation, particularly across the dairy and poultry sectors, and the carrier added that further price increases were on the way.