LONDON (Reuters) - The yen touched its weakest against the dollar since December 1986 on Wednesday, as selling pressure on the currency continued, despite repeated warnings from Japanese officials of possible intervention in the face of excessive volatility. The dollar/yen pair rose by as much as 0.45% to 160.39. ...

(Reuters) -Cheerios cereal maker General Mills ( GIS ) posted a bigger-than-expected drop in quarterly sales on Wednesday, as cash-strapped consumers cut back on its higher-margin products and turned to cheaper alternatives. Shares of the Minnesota-based company were down about 4% before the bell. The company has struggled with lower volumes and retailers cutting down on inventory while also facing...

07:09 AM EDT, 06/26/2024 (MT Newswires) -- RTX's (RTX) Collins Aerospace subsidiary is negotiating with the National Aeronautics and Space Administration to exit its contract to build spacesuits for astronauts on the International Space Station, Reuters reported late Tuesday, citing two people familiar with the matter. The spacesuit contract is a component of a $3.5 billion package that NASA awarded...

07:08 AM EDT, 06/26/2024 (MT Newswires) -- Vista Outdoor ( VSTO ) received an increased all-cash takeover offer of $42 per share, or about $3.2 billion, from MNC Capital Partners. MNC announced the revised offer on Wednesday and said it represents a premium almost 25% to Vista Outdoor ( VSTO ) stock's Tuesday closing price. MNC's previous offer was $39.50...