PepsiCo Inc said on Monday Indra Nooyi would step down as its longtime chief executive officer, handing over the reins to company veteran Ramon Laguarta at a time the beverage maker navigates a shrinking global soda market.
Laguarta will take over on Oct. 3 and will also join the board, the company said in a statement. A 22-year veteran of PepsiCo, Laguarta oversaw global operations, corporate strategy, public policy and government affairs in his role as president. “Ramon Laguarta is exactly the right person to help build on @PepsiCo’s strong position and success. …read more […]
Both of these e-commerce facilitators are top growth stocks. …read more […]
U.S. stock futures were marginally higher on Monday as strong corporate earnings countered worries about escalating trade tensions between the United States and China.
Amazon, Microsoft and Alphabet are locked in a tight race to become the second publicly-listed U.S. company to reach a $1 trillion stock market value after Apple became the first to touch the 13-digit milestone. Wall Street’s optimism about last year’s 10th anniversary iPhone, coupled with record share buybacks, have propelled Apple’s stock 34 percent higher over the past 12 months, pushing the company’s stock market value above $1 trillion on Thursday. The Cupertino, California company’s shares added another 0.3 percent on Friday, putting its market capitalization at $1.005 trillion. …read more […]
European shares reversed earlier losses and rallied on Monday as investors focused on prospects for bumper corporate earnings, although fears of a further escalation in the U.S.-China trade conflict left broader market sentiment cautious.
The Shanghai head office of China’s central bank has levied a fine of 4.12 million yuan ($601,846) on Alipay, the online payment platform of Ant Financial, for violating regulations on payment services, the regulator said on Monday.
Oil rose on Monday after Saudi crude production unexpectedly fell in July and U.S. drilling appeared to slow, although the price is still almost 10 percent below its 2018 high of more than $80 a barrel.
The European Union has asked the World Trade Organization to certify that it has complied with WTO rulings on its subsidies for planemaker Airbus, attempting to forestall billions of dollars of U.S. sanctions, a document published by the WTO showed on Monday. The legal move is the latest step in a 14-year-old trade dispute between the EU and the United States over funding for Airbus (AIR.PA) and its U.S. rival Boeing. …read more […]
CFRA senior equity analyst Angelo Zino on the Samsung Galaxy Note 9 leaks and the outlook for Apple. …read more […]
PepsiCo Inc said on Monday Indra Nooyi would step down as chief executive officer after 12 years at the helm and named President Ramon Laguarta as her replacement.
Honda Motor Co on Monday said it will recall 96,900 Avancier sport utility vehicles (SUVs) in China, due to a cold-climate engine problem that has already led to hundreds of thousands of its vehicles being recalled earlier this year.
A court in Vietnam handed lengthy prison terms on Monday to several former bankers accused of mismanagement, amid a crackdown on corruption in the communist-ruled country.
The aerospace giant is benefitting from strong end markets while it makes strategic moves to dominate the aerospace industry. …read more […]
Before you call it quits on the career front, consider how putting in one more year could work wonders for your golden years. …read more […]
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