Bloomberg Nestle SA’s new chief executive officer is putting the world’s biggest food company on a diet, moving to shed its US confectionery business as he seeks growth from healthier and more profitable businesses. Half a year after taking the helm at the Vevey, Switzerland-based company, Mark Schneider put brands like Butterfinger and BabyRuth up for sale. Nestle’s shares rose ...

Bloomberg President Donald Trump announced new restrictions limiting US citizens’ ability to travel to and do business in Cuba, moving to roll back his predecessor’s historic rapprochement and drawing a rare rebuke from the nation’s largest business lobbying group. The changes Trump announced include a ban on Americans doing business with the military and intelligence-affiliated companies that control large swaths ...

Bloomberg Queen Elizabeth II declared a “somber national mood” after the deadly apartment tower fire in West London killed at least 30 people as doubts mount about Prime Minister Theresa May’s handling of the crisis. For two days, May’s government has struggled to respond to the fire at Grenfell Tower, opened four decades ago as state-subsidized housing. She met survivors ...