-Skippy peanut butter maker Hormel Foods forecast lower-than-expected profit for the ongoing quarter on Thursday, after missing third-quarter earnings estimates on higher commodity costs, sending its shares down about 7% in premarket trading. A surge in commodity input expenses have prompted packaged food companies such as Hormel to raise products prices. We expect profit recovery to lag into next year,...

LONDON (Reuters) -Asda, Britain's third-largest supermarket group, said on Thursday that sales in its current quarter would be dented by disruption linked to the final phase of a major IT overhaul separating its systems from former owner Walmart. Walmart sold Asda to Zuber and Mohsin Issa and private equity firm TDR Capital in 2021. Since then, Asda has been separating...

08:01 AM EDT, 08/28/2025 (MT Newswires) -- SciSparc ( SPRC ) said Thursday that its shareholders approved the company's proposed merger with parallel vehicle importer AutoMax Motors. Under the merger agreement, SciSparc ( SPRC ) will acquire 100% of AutoMax's share capital through a reverse merger between its subsidiary SciSparc Merger Sub and AutoMax, with AutoMax continuing as a wholly-owned...

08:00 AM EDT, 08/28/2025 (MT Newswires) -- Gold Reserve ( GDRZF ) on Thursday provided updates regarding the sale process of CITGO. Gold Reserve ( GDRZF ) seeks to acquire CITGO from Venezuela to recover its losses linked to the country's expropriation of its mining projects. The company said it received a letter from the Federal Trade Commission granting early...