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Smucker’s, Jif peanut butter owner slashes full-year outlook amid stubborn inflation

J.M. Smucker Co., owner of Jif Peanut Butter, on Wednesday cut its full-year sales and profit outlook, hurt by rising inflation as cost-conscious consumers turn to cheaper alternatives. The company has raised prices on some products, including frozen foods, to offset rising raw material costs, but expects full-year sales to fall as consumers cut back […]

Dog, backpack found after owner disappears into California wilderness: police

A search is underway for a 71-year-old man who set off on a journey into the California wilderness but never returned. According to the Tuolumne County Sheriff’s Office, Michael Moore obtained a wilderness permit stating he intended to hike toward Lake Powell in the Emigrant Wilderness in Sonora, California. Authorities said Moore’s dog and backpack […]

Owner of 60 Wall St. makes bold bet with massive $250M revamp

The beleaguered Financial District’s best hope — and its owner’s biggest challenge — is 60 Wall St., a vacant, 1.6 million-square-foot tower where Paramount Group has launched a marketing and leasing campaign as it completes a $250 million renovation. Developed for JPMorgan in the 1980s, the 47-storey tower was until recently owned by Deutsche Bank, […]