Frito-Lay unit sales power PepsiCo’s profit, revenue beat
PepsiCo Inc topped quarterly profit and revenue estimates on Tuesday as the company’s strategy to offer more healthier beverages and focus on its snacks business paid off.
Stability needed after CEO exit, say Thyssenkrupp workers, foundation
Thyssenkrupp’s workers and its leading shareholder will serve as an anchor of stability at the company following the sudden departure of Chief Executive Heinrich Hiesinger, they told a German regional newspaper.
U.S. earnings hopes and trade war lull keep world shares near three-week high
World shares hovered near three-week highs on Tuesday, supported by optimism about U.S. company earnings and hopes that global economic growth can withstand trade tensions, although political bickering kept British markets on the backfoot.
Japan’s Takeda gains U.S. approval for $62 billion Shire buy
Takeda Pharmaceutical Co Ltd on Tuesday said it has received U.S. approval for its $62 billion acquisition of London-listed Shire Plc, taking the Japanese firm one step closer to its goal of becoming a global top 10 drugmaker.
VW names Sedran as head of commercial vehicles
Volkswagen has named Thomas Sedran to lead its commercial vehicles division, VW said on Tuesday, confirming media reports.
China raises tariff rates for some U.S. optical fiber products, from July 11
China’s commerce ministry said on Tuesday it is raising “anti-dumping tariff rates” for some optical fiber products originating from the United States, effective on Wednesday, July 11.
Fuji Xerox chief sees no breakup of Fujifilm-Xerox JV
The head of Fuji Xerox Co Ltd, the joint venture between Fujifilm Holdings Corp and Xerox Corp , on Tuesday said an escalating dispute between the partners will not lead to the venture’s dissolution.
Oil prices rise as looming Norway strike adds to disruptions
Oil prices rose on Tuesday on escalating concerns over potential supply shortages, with Brent crude leading the way as hundreds of oil workers in Norway were set to strike later in the day.
Asia shares ease as trade war fears return, pound bewildered by politics
Asian shares reversed early gains on Tuesday as anxieties about the Sino-U.S. trade war recast their long shadow over investor sentiment, while several high-profile resignations from Britain’s government kept sterling on the defensive.
Takeda gets key U.S. regulatory approval to buy Shire
Japan’s Takeda Pharmaceutical Co Ltd said on Tuesday it received a key U.S. regulatory approval for the $62 billion acquisition of London-listed Shire Plc.
