Business News

The Boston Globe (November 12, 2013)
HONG KONG — PepsiCo, the world's largest snack-food maker, will invest $5.2 billion with its partners in India by 2020 as it increases manufacturing capacity and adds new products.
The Boston Globe (November 12, 2013)
Shares of the consumer electronics retailer Best Buy Co. climbed on an upgrade from "neutral" to "buy" from UBS. The move comes a week before the Minnesota company reports its third-quarter earnings. The retailer has been working through a lengthy overhaul in a bid to revive sales and cut costs. The company has also revamped its e-commerce platform to boost online sales. The brokerage predicts a "next phase of appreciation" for Best Buy's stock, estimating­ its shares will appreciate faster...
The Boston Globe (November 12, 2013)
STOCKHOLM — The number of smartphones is forecast to triple to about 5.6 billion globally by 2019, accounting for more than 60 percent of all cellphones.
The New York Times (November 12, 2013)
SAN FRANCISCO -- Samsung Electronics lost an important patent battle with Apple last year. A new trial expected to start this week will determine how much Samsung has to pay for that loss. In August last year, a California jury found that Samsung infringed on a series of Apple patents and needed to pay more than $1 billion in damages. But the judge later revisited that price tag and vacated about $450 million of that original award, saying it was unclear how the jury calculated the original...
The New York Times (November 12, 2013)
LOS ANGELES -- John Pleasants, the hard-charging co-president of Disney's video game and web division, announced his resignation on Monday, effective immediately, although he will continue as a consultant for a while. ''It was a collaborative decision to do what's right for the business at a time when we have clear momentum,'' Mr. Pleasants said by phone from Orlando, Fla. ''It's complicated to have co-presidents. It doesn't seem to make sense as a long-term strategy.'' He added: ''I will tell...
The Atlanta Journal-Constitution (November 12, 2013)
PepsiCo Chairman and Chief Executive Officer Indra Nooyi on Monday announced the company will invest about $5.5 billion to grow its business in India by 2020, following a similar investment announced by archrival Coca-Cola last year.
USA TODAY (November 12, 2013)
When people send Twitter messages it's all rush, rush, rush. But when it comes to executives cashing out after the company's IPO, it's going to be slow, slow, slow.
The New York Times (November 6, 2013)
Nearly all of the iconic wooden escalators still clack up and down at the flagship Macy's store in Manhattan, but customers entering the store during its $400 million makeover will find little else familiar -- especially in the street level's grand hall, studded with gleaming luxury goods showcases, high ceilings and shiny white marble floors. Perhaps best known outside New York as the setting for the movie ''Miracle on 34th Street'' and the Thanksgiving Day Parade, the department store is...
The Washington Post (November 12, 2013)
Retailers are turning up the volume on holiday promotions.  Kohl's, Target and Toys R Us joined the clamor Monday, announcing they would be opening earlier Thanksgiving Day and offering bigger promotions to pull shoppers in this holiday season.  Wal-Mart, the world's largest retailer, was set to announce Tuesday that it would kick off in-store specials at 6 p.m. on Thanksgiving, two hours earlier than last year.
The Washington Post (November 12, 2013)
Virgin America asked a federal court on Monday for permission to file a brief in the American Airlines-US Airways antitrust case, saying that slot divestitures at a few airports will not help consumers.
The Baltimore Sun (November 8, 2013)
NEW YORK -- In a mere instant -- or about the time it takes to send a 140-character message -- Twitter became one of the Internet's most valuable properties, capping a seven-year rise from scrappy startup to a major publicly traded company.
Daily News (New York) (November 8, 2013)
TWITTER FLEW less like a robin and more like a rocket on Thursday as investors raced to snatch up a piece of the social media superstar.
Daily News (New York) (November 8, 2013)
TOYS "R" US isn't toying around in its efforts to reach your kids every way it can this Christmas.
The Columbus Dispatch (Ohio) (November 8, 2013)
Limited Brands had a strong October, reporting sales gains that were more than triple what analysts had expected. The Columbus-based retailer, known temporarily as  L Brands, said yesterday that comparable-store sales rose 8 percent from the year before. Wall Street analysts had predicted that comparable-store sales, a key indicator of a retailer's health, would rise 2.5 percent.
Tampa Bay Times (November 8, 2013)
Put the phone down. I know, I know - it's hard. Really hard. We live in a society increasingly more hyper-connected on a macro scale but also maddeningly disconnected on the most basic level. Sure, I'm into social media, but there is a time and place for everything.
Tampa Bay Times (November 8, 2013)
We love to feature local boutiques, especially when they bring something new to the table. So we were stoked to find out about Bleue Boutique.
The New York Post (November 8, 2013)
LEONARD Lauder introduced Estée Lauder Group president John Demsey at the Phoenix House Fashion Award Dinner, saying, "He often appears in Page Six." Then Demsey, who was honored at Wednesday's event, quipped onstage, "Actually, Leonard, I seem to read about you often in Page Six." Cosmetics billionaire Lauder was with his fiancée, Brooklyn Public Library CEO Linda E. Johnson, and despite recently postponing their wedding, we're told they looked very close. Also honored at the event hosted by...
The New York Post (November 8, 2013)
Talk about a social climber!   Twitter flew to dizzying heights in its market debut Thursday, soaring 73 percent in its first day of trading without any of the glitches that marred Facebook's overhyped IPO last year.
The Detroit News (Michigan) (November 8, 2013)
Detroit News Washington Bureau Washington - BMW AG says it expects strong demand for its first electric vehicle that will go on sale in April in the United States, while the Obama administration said it isn't "walking away" from a goal of 1 million EVs on the roads by 2015.
Detroit Free Press (Michigan) (November 8, 2013)
Shares of Twitter went on sale to the public for the first time Thursday, instantly leaping 73% above their offering price in a dazzling debut that exceeded even Wall Street's lofty hopes.
Pittsburgh Post-Gazette (November 8, 2013)
NEW YORK -- Shares of Twitter went on sale to the public for the first time Thursday, instantly leaping more than 70 percent above their offering price in a dazzling debut that exceeded even Wall Street's lofty hopes.
The Boston Globe (November 8, 2013)
NEW YORK — Jimmy Kimmel brought tears to the eyes of many children recently . . . and they weren't tears of joy. ABC's late-night host conducted what's becoming an annual prank during the past week, encouraging parents to tell their children they had eaten all of their Halloween candy, film the response, and upload the video so he could show it on his TV show and on YouTube.
The Boston Globe (November 8, 2013)
LOS ANGELES — A squadron of Marvel superhero shows is coming to Netflix. The streaming TV service said Thursday that it had acquired a package of four drama series and one miniseries — about 60 episodes — based on the Marvel characters of Daredevil, Jessica Jones, Iron Fist, and Luke Cage. Marvel and ABC Television Studios, divisions of Walt Disney Co., will produce the programming, which will start to unspool on Netflix in 2015.
The Boston Globe (November 8, 2013)
DENVER — Indigo Partners LLC is going ahead with plans to buy Frontier Airlines, even though it failed to reach an agreement with the flight attendants union.
Last Updated: 2013-11-13 @6:53
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