Kris Allen

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PepsiCo to buy probiotic drinks maker KeVita | Reuters

(Reuters) - PepsiCo Inc PEP.N said on Tuesday it would buy health beverage maker KeVita Inc, in an effort to diversify its soft drinks business and tap health conscious consumers.<p>Cans of Pepsi are displayed at the Roland Garros stadium in Paris, France, May 28, 2016. REUTERS/Jacky Naegelen/File …

Pepsi

IBM pledges UK investment with plan to open four new data centres

IBM has committed to a multi-million pound project to build four new data centres in the UK, the latest in a series of British investments by major US technology groups.<p>Coming as a boost to the Government ahead of the Autumn Statement, the move will treble IBM’s capacity for “cloud computing” in …

Cognitive Computing

Samsung to buy car tech company Harman for $8 billion | Reuters

SEOUL (Reuters) - Samsung Electronics (005930.KS) has agreed to buy Harman International Industries HAR.N in an $8 billion deal (6.4 billion pounds), marking a major push into the auto electronics market and the biggest overseas acquisition ever by a South Korean company.<p>A Samsung Electronics …

IT

Audi, SAIC Motor sign deal to weigh jointly making Audi cars in China: source | Reuters

BEIJING (Reuters) - Audi AG (NSUG.DE) and China’s SAIC Motor Corp (600104.SS) have signed an agreement that will likely pave the way for the German luxury car maker to produce cars in China with SAIC, a person familiar with the matter told Reuters.<p>An Audi logo is seen at the Mondial de …

Automotive Industry

Tata to decide future of Port Talbot steelworks within four weeks

After departure of Cyrus Mistry, interim chair Ratan Tata is reviewing site as sources say he is keen to keep UK operations<p>Tata is preparing to make a decision about the future of the Port Talbot steelworks within four weeks after the Indian conglomerate forced out its boss, with the company edging …

United Kingdom

Ginger Coke: New flavour divides Coca-Cola fans

Coca-Cola Ginger is the latest limited edition flavour to hit the shelves but it appears to have divided both Coke and ginger fans alike.<p>Launched on …

New Zealand

At PepsiCo, Making Its Products Healthier Doesn’t Mean Forsaking Customers

At the Fast Company Innovation Festival, CEO Indra Nooyi talked about how PepsiCo is diversifying its food and beverage portfolio.<p>The company behind products like Doritos, Lay’s, and Mountain Dew isn’t exactly synonymous with healthy eating. Yet PepsiCo is going out of its way to change that—most …

Pepsi

Air France-KLM Plans a Budget Airline to Fight Costs

Franco-Dutch carrier Air France-KLM (aflyy) outlined plans on Thursday for a new long-haul business with lower costs to try to regain market share …

Air France-KLM

French prosecutor calls for HSBC to stand trial for alleged tax fraud

If case goes to trial, HSBC would face charges that its Swiss subsidiary helped customs hide assets from tax authorities<p>HSBC could face trial for alleged tax fraud in France over the activities of its Swiss subsidiary.<p>A French prosecutor has called for HSBC be tried for aiding tax fraud in France …

Corruption

Bank of England warns households to expect sharp rise in inflation next year

Monetary policy committee predicts inflation will rise from 1.3% this year to 2.7% in 2018 and drops plans for further interest rate cut<p>The Bank of England has warned households to expect a sharp rise in inflation next year as the weak pound ramps up the costs of imports and squeezes family …

Economics

Costa looks to 'finer coffee' as Whitbread gains a boost

Costa Coffee owner Whitbread has reported a perk in profits after an investment push to woo coffee connoisseur with "finer" brews.<p>The coffee chain’s established shops enjoyed a 2.3pc increase in like-for-like sales over the summer months with total sales growth of 10.7pc which boosted its pre-tax …

Aviation giant Rockwell Collins to buy B/E Aerospace

Aerospace electronics giant Rockwell Collins on Sunday inked the biggest acquisition in its history, a bet on the future of airline cabins.<p>Rockwell Collins (COL) announced it would buy B/E Aerospace (BEAV) in an $8.3 billion deal, creating one of the largest aerospace suppliers in the …

Aviation

Caterpillar stung by global economic funk

PEORIA, Ill. (AP) — Caterpillar's third-quarter profit was essentially cut in half with the global economy stuck in a funk, and the company said that it expects that malaise to extend into next year.<p>The construction and mining equipment maker lowered its outlook for the year and shares of …

Markets

John Lewis appoints Paula Nickolds as first female managing director

Department store group’s new boss – who joined partnership as a graduate trainee 22 years ago – will take over in January<p>John Lewis has promoted Paula Nickolds, who joined the company as a graduate trainee, to be the first female managing director in the department store group’s 152-year …

eCommerce

Brexit: leading banks set to pull out of UK early next year

Anthony Browne, head of the British Bankers’ Association, warns that major lenders are poised to hit relocate button<p>Britain’s biggest banks are preparing to relocate out of the UK in the first few months of 2017 amid growing fears over the impending Brexit negotiations, while smaller banks are …

United Kingdom

App-happy holidays cater to shoppers' wishes

For anyone who has become lost trying to track down holiday light bulbs in a cavernous home improvement store or wants to know if trendy black mittens are in stock at a fashion retailer, digital help is on the way.<p>Retailers are giving their employees an assist from the latest technology to try to …

eCommerce

Volvo And China's Geely Collaborate On 'Connected' Car Brand, Lynk & Co

Geely has officially launched a new car brand during an event in Sweden: Lynk & Co. The brand will focus on young car buyers. It will hit the Chinese car market in late 2017, followed by Europe and North America in 2018/19.<p>The “Lynk” part of the brand name refers to interconnected cars, where cars …

Plug-in Hybrid EVs

AT&T reportedly talks megamerger with Time Warner

Discussions between the telecommunications giant and the media conglomerate are at an informal stage, Bloomberg reports.<p>Executives for telecommunications giant AT&T and media conglomerate Time Warner have met in recent weeks for strategic talks that included discussion of a possible megamerger, …

Time Warner

Twitter is facing some tough choices to stay afloat

The popular but money-losing micro-blogging service spent aggressively on product development and marketing in recent years, betting that it could afford to post losses as long as it attracted new users.<p>But that growth stalled this year after it exceeded 300 million active monthly users, less than …

Private Equity

Nintendo tumbles after announcing its new gaming system

In a 3-minute video teaser, the Kyoto-based games company unveiled Nintendo Switch, its first new gaming device in four years, which will launch in March 2017. It remained, however, silent on the key issue of pricing.<p>Its success will be crucial as Nintendo still considers console gaming to be the …

Retrogaming

Is Burberry Merging With Coach?

Burberry Group’s shares were up 6 percent today after reports from Betaville, a financial blog, claimed that Coach is possibly merging with the …

Stock Markets

McDonald's is struggling to catch up to the better burger movement

The fact that McDonald's trademark sandwich has been essentially ignored by the young adult generation is no small problem.<p>The burger immortalized in TV ads as "two all-beef patties, special sauce, lettuce, cheese, pickles, onions, on a sesame-seed bun" has even spawned its own economic index, but …

McDonald's

Jaguar Land Rover and Ford Are Testing Connected Cars in Britain

Jaguar Land Rover, Ford and Tata Motors are testing connected cars which can communicate with each other using technology designed to speed up …

Autonomous Cars

Nissan Will Decide Next Month Whether to Build Its Qashqai SUV in Britain

Nissan Motor will make a decision next month on whether to produce the next Qashqai SUV model at its Sunderland plant in Britain following the …

United Kingdom

China will get a new Starbucks every day for 5 years

Starbucks CEO Howard Schultz is unfazed by China's slowing economy.<p>Even with China growing at its slowest pace in 25 years, Starbucks is planning to open more than one new store a day for the next five years in the world's second largest economy.<p>"I think if you look at the 45 year history of our …

Coffee

Reckitt Benckiser sued by 35 US states for 'profiteering' from opioid treatment

British multinational is accused of ‘shamelessly preying on patients in need of help’ by keeping Suboxone, a drug used to treat addiction, at an inflated price<p>Dozens of US states have accused a British multinational company of “shamelessly preying on patients in need of help” by profiteering from a …

Pharma

British American Tobacco offers $47bn for Reynolds American

Merger in which BAT buys 58% of shares it does not already own would create world’s biggest tobacco company<p>British American Tobacco has offered to pay $47bn (£38bn) for full control of Reynolds American in a takeover that would create the world’s biggest tobacco company.<p>The cash-plus-shares deal …

North Carolina

Kodak's Ektra is a camera first, smartphone second

While the name stumbles off the tongue a little, avid photographers may recognize the "Ektra" name from Kodak's classic camera of the 1940s. With …

Cameras