PepsiCo profit beats estimates; $12 billion buyback planned
(Reuters) – PepsiCo Inc on Wednesday reported a higher-than-expected quarterly profit, helped by increased sales at its Frito-Lay snack business, and said it would buy back up to $12 billion in stock by 2018.
Thomson Reuters misses EPS forecast, predicts revenue growth
NEW YORK (Reuters) – Thomson Reuters Corp on Wednesday reported quarterly earnings that missed analysts forecasts, sending its shares lower even as the news and information company forecast a return to organic revenue growth.
U.S. states say Anthem too slow to inform customers of breach
BOSTON (Reuters) – Ten U.S. states have sent a letter to Anthem Inc complaining that the company has been too slow in notifying consumers that they were victims of a massive data breach disclosed last week.
Exclusive: U.S. airlines disclose details of bookings lost to Gulf carriers
(Reuters) – U.S. airlines have lost at least five percentage points of their share of flight bookings from the United States to the Indian subcontinent and Southeast Asia since 2008, due to fierce competition from Gulf carriers, according to data seen …
AOL sees domestic display revenue declining in 1st half
(Reuters) – AOL Inc said it expected domestic display revenue to decline in the first half of the year, after reporting a lower-than-expected quarterly revenue.
UK tax authority downplays allegations against HSBC on tax evasion
LONDON (Reuters) – The head of the UK’s tax authority told a parliamentary committee on Tuesday that allegations revealed in the media about tax evasion by HSBC clients did not prove wrongdoing on the part of the bank.
Argentina says UK asks for cooperation in HSBC tax probe
BUENOS AIRES (Reuters) – Britain has asked Argentina for information about the South American country’s investigation into HSBC Holdings Plc , Buenos Aires said on Wednesday, part of a widening probe into allegations that the bank helped clients dodge …
Prada needs to focus less on new shops and more on new handbags
PARIS/MILAN (Reuters) – If in fashion, being late on a trend can be lethal, playing catch-up in terms of business strategy can be just as damaging.
Obama slams Staples, big companies on healthcare: ‘Shame on them’ – BuzzFeed
WASHINGTON (Reuters) – U.S. President Barack Obama singled out office supply giant Staples Inc as undercutting his healthcare reform law and said large corporations should not use the health insurance issue as an excuse for cutting wages, the news webs…
Takata to double replacement air bag inflator output by September
DETROIT (Reuters) – Takata Corp said it plans over the next six months to double production of replacement air bag inflators needed for recalled cars in which the part could spray occupants with metal shards.
