Walmart, Unilever, Nestle, Kroger, Dole, Tyson Foods, and McCormick are all on board with a new IBM blockchain initiative to track shipment data and food safety information over a blockchain.Read More »
(Reuters) - U.S. stocks opened higher on Tuesday as investors picked up beaten-down stocks following a turbulent two weeks, while awaiting the annual central bankers meeting in Jackson Hole later this week. The Dow Jones Industrial Average rose
Weatherford International PLC (NYSE: WFT) has named a new COO, the latest in some major changes to the oil field services company’s C-suite. Karl Blanchard has been named executive vice president and COO, the company announced Aug. 21. The role previously was eliminated in early 2015, and Blanchard now will oversee all region and product line operations; quality, health, safety, security and environment; sales; engineering, research and development; and supply chain. "By aligning several elements of our business under Mr. Blanchard's direction, we will establish greater collaboration, innovation and process discipline across our organization,” Weatherford President and CEO Mark McCollum said
A resurgent dollar scratched its way higher against chief rivals on Tuesday although in relatively thin trading conditions ahead of what could be refreshed perspective on global interest rates this week when the Federal Reserve hosts policy makers at its annual Jackson Hole, Wyo., retreat. The dollar struggled for much direction to start the week as investors trained their attention on political tensions, including a refocus on drama on the Korean Peninsula. The prospect of escalating military tensions has kept so-called haven currencies, like the Japanese yen and the Swiss franc, popular with investors, but stock gains and relatively little new escalation on the Korean front gave the dollar some reprieve. The ICE U.S. Dollar Index DXY, +0.47% comparing the buck against six other currencies, traded up 0.5% at 93.51.