Coca-Cola says to invest over $4 billion in China in 2015-2017
SHANGHAI (Reuters) – The Coca-Cola Co said it will invest over $4 billion in China and build new plants between 2015 and 2017, to counter competition which is chipping away at its share of the country’s 421 billion yuan ($69.12 billion) soft drinks mar…
Twitter shares soar in frenzied NYSE debut
NEW YORK/SAN FRANCISCO (Reuters) – Twitter Inc shares jumped 73 percent in a frenzied trading debut that drove the seven-year-old company’s market value to around $25 billion and evoked the heady days of the dot-com bubble.
Salix bolsters gastro drug line-up with $2.6 billion Santarus buy
(Reuters) – Salix Pharmaceuticals Ltd will buy Santarus Inc for about $2.6 billion, gaining two new gastroenterology drugs to strengthen its leading presence in that market and sending its shares 10 percent higher.
Top investment banker at BofA nominated for Commerce Dept job
(Reuters) – The White House said on Thursday that it has nominated a senior investment banking executive at Bank of America Corp to a high-level position at the Commerce Department.
Washington state takes steps to nail down Boeing 777X contract
OLYMPIA, Wash./ NEW YORK (Reuters) – The Washington state legislature met on Thursday in a special session to consider tax breaks aimed at ensuring Boeing Co builds its newest jet, the 777X, in the Seattle area.
Groupon profit beats estimates on North American growth
(Reuters) – Daily coupon website Groupon Inc’s third-quarter profit beat analysts’ estimates as strong growth in North America helped offset a decline in international revenue.
Disney beats Street on higher theme park spending, toy sales
LOS ANGELES (Reuters) – Walt Disney Co reported a 12 gain in profit that beat Wall Street expectations, lifted by higher visitor spending at U.S. theme parks, increased consumer product sales and its summer animated movie hit “Monsters University.”
U.S. seeks new defendant in Wells Fargo mortgage fraud case
NEW YORK (Reuters) – The U.S. government on Thursday asked for permission to add a Wells Fargo & Co mortgage executive as a defendant in its year-old lawsuit accusing the country’s largest mortgage lender of fraud.
Twitter shares soar in frenzied NYSE debut
NEW YORK/SAN FRANCISCO (Reuters) – Twitter Inc shares rose 73 percent in a frenzied trading debut that drove the seven-year-old company’s value to $25 billion and evoked the heady days of the dot-com bubble.
Bank of America moves its $19 billion 401(k) plan in-house
NEW YORK (Reuters) – Bank of America is moving its $19 billion 401(k) plan to its own Bank of America Merrill Lynch institutional retirement platform early in 2015, six years after the bank bought Merrill Lynch.
