The Latest Breaking News from Americas

McCormick & Co Inc (NYSE:MKC) reported a second-quarter FY22 sales decline of 1.3% year-on-year to $1.54 billion, missing the consensus of $1.61 billion. Flavor solutions segment sales increased 10%, driven by the Americas and EMEA regions. Consumer segment sales declined 8%, reflecting lower volume and product mix. Gross profit was $523 million, with…

Steelcase Inc. (NYSE:SCS) reported first-quarter revenue growth of 33% year-over-year to $740.70 million, +35% on an organic basis, beating the consensus of $690.94 million. Adjusted EPS was $(0.05), beating the consensus of $(0.18). Revenue by segments: Americas $520.8 million (+38% Y/Y), EMEA $156.4 million (+27% Y/Y) and Others $63.5 million (+12% Y/Y). The…

Former NSW deputy premier John Barilaro has been appointed as senior trade and investment commissioner to the Americas in a move criticised by the opposition.

The Electric Vehicle (EV) industry is expected to register solid growth in the coming years owing to an increased focus on sustainable transportation and favorable government initiatives. Given this backdrop, we think companies that are an integral part of the EV supply chain Albemarle (ALB), Vale S.A. (VALE), Freeport-McMoRan (FCX),…

The Danish toy company, The LEGO Group, plans to invest more than $1 billion to build a new factory in Chesterfield County, Virginia.  LEGO expects the 1.7 million square foot facility, once completed, to provide jobs to more than 1,760 people. CEO Niels B. Christiansen said, "This is an exciting step for the…

Armstrong World Industries Inc (NYSE:AWI) has appointed Christopher P. Calzaretta to succeed Brian MacNeal as its next chief financial officer, effective August 1, 2022. When Calzaretta assumes a new role as CFO, MacNeal will continue in an advisory role through September 1, 2022, to support a smooth transition. Calzaretta brings over 20 years…

The ninth Summit of the Americas, hosted by the Joe Biden in Los Angeles from June 6 to 10, was overshadowed by US president’s decision not to invite the presidents of Venezuela, Cuba and Nicaragua. The reason given for this was antidemocratic leadership and disrespect for human rights in those…

Biden's decision to exclude nondemocratic countries led to a boycott by allies.

US President Joe Biden and other leaders from the western hemisphere on Friday announced what is being billed as a roadmap for countries to host large numbers of migrants and refugees.