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Category: Business News

03Feb

PepsiCo to Cut Lay’s, Doritos Prices by Up to 15% After Consumer Pushback

PepsiCo will cut prices on core brands such as Lay's and Doritos by up to 15% following a consumer backlash against several previous price hikes, the snacks and beverage maker…
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03Feb

Disney names parks chief Josh D’Amaro as CEO, ending succession uncertainty

Walt Disney on Tuesday named theme parks head Josh D'Amaro as CEO, ending years of succession uncertainty and placing a longtime insider at the helm as artificial intelligence and a…
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03Feb

Walmart Joins $1 Trillion Club After 26% Stock Rally

Walmart became the first retailer ever to hit $1 trillion in market valuation on Tuesday, riding on a year-long rally that has seen its shares rise nearly 26%, putting it…
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03Feb

Rolls-Royce defends pricing after airlines bash engine industry

A senior Rolls-Royce executive on Tuesday defended recent price rises and improvements in performance after airlines accused engine makers of profiting from supply chain problems. The head of the International…
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03Feb

India, U.S. Seal Trade Deal on Oil, Defence, Planes; Farm Sector Partly Open

India has agreed to buy petroleum, defence goods, and aircraft from the U.S., while partly opening up its highly-guarded agriculture sector under a trade deal, according to a government official,…
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03Feb

Top consulting firms test boundaries with China workarounds

Faced with a fraught geopolitical environment, global consultancies are turning to riskier ways to do business in China that some industry and legal experts say test the boundaries of Western…
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03Feb

Tesla launches new Model Y AWD in US at $41,990

Electric-vehicle maker Tesla has introduced a new all-wheel drive variant of its bestselling Model Y SUV in the United States, priced at $41,990, according to the company's website on Monday.…
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03Feb

Musk’s SpaceX Acquires xAI in Record-Breaking Deal

Elon Musk said on Monday that SpaceX has acquired his artificial-intelligence startup xAI in a record-setting deal that unifies Musk's AI and space ambitions by combining the rocket-and-satellite company with…
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02Feb

Uber in talks with France’s Urssaf over driver employee status

Uber said on Monday it was in talks with French social security agency Urssaf, which a media report said had concluded the U.S.-based company should treat its drivers as employees.…
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02Feb

Vanguard slashes fees on 53 index funds in second major cut this year

Vanguard, the world's second-largest asset manager and a pioneer of low-cost funds, said ​on Monday it is cutting fees on 53 of its index-based mutual funds ‌and exchange-traded funds, marking…
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