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El Niño Sparks Panama Canal Cuts: What It Means for Americans

The Panama Canal sees about 40 percent of all U.S. container traffic, and a reduction in traffic could translate to higher costs.

  • El Niño is expected to reduce Panama Canal ship traffic starting September 3.
  • Reduction will decrease daily ship count from 36 to 32, gradually.
  • Impact on U.S. consumers anticipated to be minimal.

LG Household & Health Care Shifts North America

LG Household & Health Care North America said on Aug. 24 that it had signed a stock purchase agreement to sell a 100% stake in its subsidiary The Avon Company to Stratford Worldwide.Stratford…

  • LG Household & Health Care sells Avon to Stratford Worldwide for $12.4 billion.
  • Company shifts focus to retail and digital channels in North America.
  • LG aims to boost competitiveness of Dr.GROOT, belif, and CNP brands.

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