PepsiCo Inc has appointed Ramon Laguarta to take over as chief executive from Indra Nooyi, handing the reins to a veteran who led the company’s fast-growing emerging markets business. Laguarta, who starts on Oct. 3, will be tasked with managing the company’s response as consumer tastes move away from sugary drinks. Nooyi, 62, is stepping […]

JAKARTA  – Indonesia lobbied visiting U.S. Secretary of State Mike Pompeo to keep the Southeast Asian nation on a list of countries that receive preferential trade terms, its foreign and trade ministers said on Sunday. “President Joko Widodo has delivered Indonesia’s hope that the U.S. will maintain the country’s GSP (Generalized System of Preferences) facility,” […]

Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said quarterly operating profit rose 67 percent, as insurance underwriting rebounded and several business units benefited from a growing economy. Results easily topped analyst forecasts. Underwriting profit at the Geico auto insurance unit more than quintupled, the BNSF railroad benefited from demand to […]

Federal health officials reported Thursday an additional 109 cases of cyclospora infection in an ongoing outbreak linked to McDonald’s salads that began in May. The total number of laboratory-confirmed illnesses from this outbreak is now 395, according to a statement from the US Food and Drug Administration. At least 16 of the sick individuals have been hospitalized. […]

Apple has become the world’s first public company to be worth $1 trillion (£767bn). The iPhone maker’s market value reached the figure in late morning trading in New York as its shares rose to a new record high above $207. The stock has been rising since Tuesday when it reported better than expected results for […]

Shares of Apple Inc (AAPL.O) hit a record high on Wednesday and neared a $1 trillion valuation, after the company forecast blowout current-quarter sales and analysts said a September launch of new iPhones set the stage for sustained growth. The company’s shares rose 4.7 percent to a high of $199.26 in early trading – within […]

TOKYO – Japan’s central bank pledged to keep its massive stimulus in place but made tweaks to reduce adverse effects of its policies on markets and commercial banks, reflecting its view it would take longer for inflation to hit its target. At a two-day rate review that ended on Tuesday, the Bank of Japan kept […]

LONDON – T-Mobile US (TMUS.O) named Nokia (NOKIA.HE) to supply it with $3.5 billion in next-generation 5G network gear, the firms said on Monday, marking the world’s largest 5G deal so far and concrete evidence of a new wireless upgrade cycle taking root. No.3 U.S. mobile carrier T-Mobile – which in April agreed to a […]

BEIJING  – German carmaker BMW (BMWG.DE) said it will raise the prices of two U.S.-made crossover sport-utility vehicles in China to cope with the additional cost of tariffs on U.S. car imports into the world’s biggest auto market. In a move due to take effect on Monday, BMW said in a statement to Reuters over […]

NEW YORK  – The ability of the U.S. stock market to keep an edge this year over equities elsewhere in the world hinges on the United States maintaining its economic and earnings growth advantage, the strength of the dollar and how global trade tensions resolve, investors said. Spurred by fiscal policy benefits including a corporate […]