Unilever sells slow-growing brands like Q-tips to private equity group

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Unilever has announced it will sell a group of more than 20 brands including Q-tips, Timotei shampoo and Impulse body spray to private equity group Yellow Wood Partners, the latest …

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Wall Street’s average bonus fell last year—to $176,500

The average Wall Street bonus fell slightly last year to $176,500 as the industry added employees and took a “more cautious approach” to compensation, New York state’s comptroller reported Tuesday. The average bonus for employees in New York City’s securities industry was down 2% from $180,000 in 2022. The slight …

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Congress is the NIL referee we never wanted — column

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Stifel maintains Buy rating on Micron stock with $120 price target

© Reuters Tuesday, Stifel reaffirmed its Buy rating on shares of Micron Technology (NASDAQ:), maintaining a $120.00 price target. The firm anticipates Micron to report a reduced loss for the second fiscal quarter of February, with expectations of a return to modest profitability in the third fiscal quarter of May. …

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Carmakers will meet new emissions standards, says electric car lobby group

The Electric Vehicle Council says its modelling shows the Australian car market will meet targets under proposed emissions regulations. The electric vehicle (EV) lobby group has used automotive data firm S&P Global Mobility’s new car market forecast in developing its modelling, which assumes business as usual and doesn’t take into …

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Unilever to split off ice cream business and cut 7,500 jobs

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Unilever is to split off its ice cream business and cut 7,500 jobs as the consumer goods group steps up efforts to improve its performance. The company said on Tuesday …

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These medications could make driving dangerous, the FDA warns

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