Nestle CEO Schneider was ousted, paving way for veteran Freixe, sources say

Nestle CEO Mark Schneider was ousted in a sudden move by the world's biggest foodmaker as a result of the group's underperformance, three sources familiar with the matter told Reuters on Friday.

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Nestle CEO Schneider was ousted, paving way for veteran Freixe, sources say  Nestle CEO Mark Schneider was ousted in a sudden move by the world's biggest foodmaker as a result of the group's underperformance, three sources familiar with the matter told Reuters on Friday.

TSX futures rise, Fed Chair Powell's speech anticipated  Futures linked to Canada's main stock index rose on Friday as crude and metal prices gained, while investors awaited U.S. Federal Reserve Chair Jerome Powell's address later in the day.

Volkswagen's battery targets not 'set in stone', battery chief tells FAS  Volkswagen's goal of building 200 gigawatt hours of battery capacity by 2030 is not "set in stone" and the carmaker will monitor how demand for electric vehicles (EVs) develops, its batteries chief told German newspaper FAS on Friday.

Nestle CEO Schneider was ousted due to company's underperformance - three sources  Nestle CEO Mark Schneider was ousted in a sudden move by the world's biggest foodmaker as a result of the group's underperformance, three sources familiar with the matter told Reuters on Friday.

Hugo Boss shareholder Frasers files request to buy more shares  Hugo Boss' second-biggest shareholder, British sports and fashion retailer Frasers , has filed a request to acquire more shares in the German company, according to a filing with the German competition authority seen by Reuters on Friday.

Societe Generale drops ring-dealing membership of LME  Societe Generale International will no longer be a ring-dealing member of the London Metal Exchange (LME) as of Aug. 27, the exchange said on Friday.

Grocery stores boost donations as Democrats criticize their business practices  The level of political donations from major food companies accepted by Democratic lawmakers has ticked higher this congressional election cycle, even as many Democrats have accused the top U.S. grocery chains and their suppliers of pushing prices higher at consumers' expense, a Reuters analysis of Federal Election Commission data shows.

Halliburton confirms cyber attack on certain systems  Oilfield services firm Halliburton said on Friday that an unauthorized third party had gained access to certain of its systems.

CN rail workers to return to work as Canada steps in to end stoppage  Workers at Canadian National Railway will begin to return to work on Friday, a major labor union said, after the Canadian government moved in to end an unprecedented rail stoppage.

With Fed rate cut set, Powell may focus on explaining US economic conditions at Jackson Hole  The Fed chair's goal in his keynote speech may be less about further shaping rate expectations and more about economic conditions ahead.

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