(Reuters) -Swiss food giant Nestle is refocusing on the group's core business after straying into segments like health supplements that weakened the fabric of the organisation, CEO Laurent Freixe was quoted as saying in the Financial Times on Thursday. Freixe, who took the helm of the company in September, told the newspaper he did not see the merits of slimming...

WASHINGTON (Reuters) -The Republican-controlled U.S. House of Representatives will attempt to pass President Donald Trump's massive tax and spending bill in the pre-dawn hours of Thursday, following weeks of intra-party divisions of how deeply to cut spending. The bill would extend Trump's signature 2017 tax cuts, create new tax breaks for tipped income and auto loans, end many green-energy subsidies...

(Reuters) -The European Union is open to extending a deal giving U.S. lobsters duty-free access as part of a broader package aimed at removing tariffs imposed by U.S. President Donald Trump, the Financial Times reported on Thursday, citing two officials. The EU's current regulation eliminating customs duties for fresh and frozen lobsters from the U.S. expires on July 31. The...

TOKYO (Reuters) -Komatsu ( KMTUF ) should see a nearly 20 billion yen ($140 million) mitigation in the impact of U.S. tariffs on its bottom line after the U.S.-China trade truce last week, the Japanese company's CEO said, suggesting its outlook for lower profits may not be as bad as feared. With more than one-quarter of Komatsu's ( KMTUF )...