Business Latest News: Unilever Turns Cautious on Emerging Markets

Now watching

Next video starts in : 7 Play

Business Latest News: Unilever Turns Cautious on Emerging Markets

Business Latest News: Unilever Turns Cautious on Emerging Markets
Replay video
Up next

Streaming Content Companies: Who's strong, who's weak?

Unlock your personal NFL Now stream by signing in to NFL.com

Business Latest News: Unilever Turns Cautious on Emerging Markets

by Wochit 1:09 mins

Unilever has become more cautious about prospects for emerging markets, a big growth driver for the consumer goods company, which reported underlying second-quarter sales growth shy of market expectations. Federal prosecutors who have investigated hedge fund titan Steven A. Cohen for years on allegations of insider trading have decided they do not have enough evidence to get him, so they are going after his company instead. The Manhattan U.S. Attorney's office is nearing a decision about filing criminal charges against Cohen's $15 billion SAC Capital Advisors hedge fund. But there is no indication authorities will charge Cohen with any criminal wrongdoing. Private industry in the euro zone expanded for the first time in more than a year. It was also a good month for U.S. factories, but surveys showed that the massive manufacturing engine that powers China continued to lose steam.

View Comments (4)