PepsiCo Profits From Healthy Foods as Americans Ditch Soda
PepsiCo Inc., the maker of Mountain Dew and Cheetos, is getting a boost from its resolution to shape up.The food giant now generates 45 percent of its revenue from so-called guilt-free products, which include lower-calorie drinks and snacks with grains, fruits and vegetables. With customers attempting to eat healthier -- especially in North America -- the company is seeing the shift show up on its bottom line.PepsiCo posted earnings of $1.20 a share in the fourth quarter, excluding some items, ..>> view originalConsumer prices post largest gain in nearly four years
U.S. consumer prices recorded their biggest increase in nearly four years in January as households paid more for gasoline and other goods, suggesting inflation pressures could be picking up. The Labor Department said on Wednesday its Consumer Price Index jumped 0.6 percent last month after gaining 0.3 percent in December. January's increase in the CPI was the largest since February 2013. In the 12 months through January, the CPI increased 2.5 percent, the biggest year-on-year gain since March 2..>> view originalRetail Sales in US Climb More Than Forecast in Broad Advance
Retail Sales in U.S. Climb More Than Forecast in Broad Advance by February 15, 2017, 8:30 AM EST February 15, 2017, 8:52 AM EST U.S. retail sales rose more than forecast last month in a broad-based advance that indicates the consumer is well-positioned to propel the economy in early 2017.The 0.4 percent advance in January followed a 1 percent gain in the prior month that was larger than previously reported, a Commerce Department report showed Wednesday. The median forecast in a Bloom..>> view originalWhy Is SoftBank Buying Fortress? Son Gets Brain Trust for Deals
Why does Masayoshi Son want to buy a private-equity firm?That was the question investors grappled with after Japan’s SoftBank Group Corp. agreed to acquire New York’s Fortress Investment Group LLC for $3.3 billion in cash. SoftBank founder Son has previously put his money into telecommunications, internet startups and e-commerce. Fortress is not only a surprising diversification move by the 59-year-old, the firm is also struggling with a downturn in the private equity industry that has squeezed..>> view originalConsumer Prices in US Increase by Most Since February 2013
The U.S. cost of living increased in January by the most since February 2013, led by higher costs for gasoline and other goods and services that indicate inflation is gathering momentum.The consumer-price index rose a larger-than-forecast 0.6 percent after a 0.3 percent gain in December, Labor Department figures showed Wednesday. Compared with the same month last year, costs paid by Americans for goods and services rose 2.5 percent, the most since March 2012.Higher prices for gasoline, apparel ..>> view originalEU-Canada Trade Agreement Wins European Parliament Green Light
The European Parliament approved a landmark free-trade agreement with Canada, shoring up Europe’s market-opening clout in the face of a populist surge across the continent and U.S. President Donald Trump’s protectionist tilt.The European Union assembly’s endorsement of the first EU commercial deal with a fellow member of the Group of Seven leading industrialized nations paves the way for it to take provisional effect once the Canadian Senate gives its green light, expected within weeks. EU gove..>> view originalYellen Sets High Hurdle for Reducing Fed's Massive Bond Holdings
Federal Reserve Chair Janet Yellen set a relatively high hurdle for shrinking the central bank’s balance sheet, leading some analysts to conclude that such a move won’t occur this year.She told the Senate Banking Committee on Tuesday that the Fed’s focus was on raising interest rates to keep the economy in balance, and not on reducing its holdings of bonds.Rates first need to reach sufficiently high levels that the Fed feels it has some room to cut them to offset a weakening economy. Only then ..>> view originalWegmans faces boycott over Trump wines
USA Today Network Todd Clausen, Rochester (N.Y.) Democrat and Chronicle Published 7:50 a.m. ET Feb. 15, 2017 | Updated 2 hours agoWegmans' move to Short Pump, Va., puts it into direct competition with Publix Super Markets. "It's kind of sad that we will compete," said Wegmans CEO Danny Wegman.(Photo: Rochester (N.Y.) Democrat and Chronicle)ROCHESTER, N.Y. --- Wegmans Food Markets is the latest retailer to face political pressure for carrying products connected to Preside..>> view originalCigna seeks more than $14 billion in formal termination of Anthem deal
(Story updated on Feb. 15, 2017) Cigna ended its merger agreement with Anthem on Tuesday and said it will seek $13 billion in damages from Anthem on top of the $1.85 billion break-up fee outlined in the deal. The Bloomfield, Conn.-based insurer said the planned $54 billion merger, which was blocked by a federal district court last week on anti-competitive grounds, “cannot and will not achieve regulatory approval” and that calling it off is best for its shareholders. Cigna alleged that Anthem “w..>> view originalIndia Launches 104 Satellites From a Single Rocket, Ramping Up Space Race
NEW DELHI — India’s space agency launched a flock of 104 satellites into space over the course of 18 minutes on Wednesday, nearly tripling the previous record for single-day satellite launches and establishing India as a key player in a growing commercial market for space-based surveillance and communication.The launch was high-risk because the satellites, released in rapid-fire fashion every few seconds from a single rocket as it traveled at 17,000 miles an hour, could collide with one another..>> view original
Wednesday, February 15, 2017
PepsiCo Profits From Healthy Foods as Americans Ditch Soda and other top stories.
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