purchase

NEW YORK | US stock indexes jump following big gains in Europe

NEW YORK  — U.S. stocks are jumping Monday morning as the market rapidly changes course once again. Technology companies are climbing, with open-source software company Red Hat surging after IBM agreed to buy it for $34 billion in stock. Internet and media companies are rising and so are companies that make and sell consumer goods. … Continue reading NEW YORK | US stock indexes jump following big gains in Europe

LONDON | Sale on for Banksy painting that self-destructed at auction

LONDON— The winning bidder for a Banksy painting that self-destructed during an auction last week has decided to go through with the purchase, auctioneer Sotheby’s said Thursday. The auction house said a female European collector was the successful bidder, agreeing to pay 1.04 million pounds ($1.4 million) for “Girl With Balloon.” But just after the … Continue reading LONDON | Sale on for Banksy painting that self-destructed at auction

LONDON | EU clears Apple’s purchase of song-recognition app Shazam

LONDON  — The European Union has approved Apple’s acquisition of song-recognition app Shazam after a months-long investigation found it wouldn’t hurt competition in the music streaming market. The EU’s Antitrust Commission said Thursday that competing providers would not be shut out of the market following the acquisition. Apple announced last year that it was going … Continue reading LONDON | EU clears Apple’s purchase of song-recognition app Shazam

LONDON | Caffeine hit for Coca-Cola as it buys Costa coffee chain

LONDON — Coca-Cola is hoping to give itself another caffeine-fueled boost. The company said Friday it will buy the Costa coffee brand from British firm Whitbread for 3.9 billion pounds ($5.1 billion) in cash. Costa is Britain’s biggest coffee company with over 2,400 coffee shops in the U.K. and another 1,400 in more than 30 … Continue reading LONDON | Caffeine hit for Coca-Cola as it buys Costa coffee chain

CHEYENNE, Wyo | The Latest: Trauner wins Democratic Wyoming Senate primary

CHEYENNE, Wyo — The Latest on Wyoming’s primary election (all times local): 7:00 p.m. Polls have closed in Wyoming. Businessman Gary Trauner of Wilson has won the Wyoming Democratic primary for U.S. Senate. Trauner was unopposed Tuesday. He will likely face either Republican businessman Dave Dodson or Republican Sen. John Barrasso in the general election. … Continue reading CHEYENNE, Wyo | The Latest: Trauner wins Democratic Wyoming Senate primary

PURCHASE, N.Y.  Woman, minority, trailblazer; Indra Nooyi is leaving Pepsico

PURCHASE, N.Y.  — Longtime PepsiCo CEO Indra Nooyi will step down as the top executive at the world’s second-largest food and beverage company. Nooyi, who was born in India, is a rarity on Wall Street as a woman and a minority leading a Fortune 100 company. She oversaw PepsiCo during a turbulent time in the … Continue reading PURCHASE, N.Y.  Woman, minority, trailblazer; Indra Nooyi is leaving Pepsico

PURCHASE, N.Y. | Longtime PepsiCo CEO Indra Nooyi is stepping down

PURCHASE, N.Y. — The longtime PepsiCo CEO Indra Nooyi is stepping down. The company said Monday that she’ll be succeeded by seasoned PepsiCo executive Ramon Laguarta. Nooyi, 64, has been with PepsiCo Inc. for 24 years and has held the top job for 12. That is an exceptional feat for anyone at a company the … Continue reading PURCHASE, N.Y. | Longtime PepsiCo CEO Indra Nooyi is stepping down

PURCHASE, N.Y | PepsiCo’s beverage sales dip, but snack sales increase

PURCHASE, N.Y. — PepsiCo’s beverage sales are still struggling as the company tries to adjust to Americans’ changing drinking habits. The maker of Gatorade, Mountain Dew and Tropicana said Tuesday that sales volume declined for its North American beverage unit in the second quarter. The dip came despite the company’s efforts in recent years to … Continue reading PURCHASE, N.Y | PepsiCo’s beverage sales dip, but snack sales increase